EUR/USD
Mitglied seit Apr 08, 2014
1141 Posts
Jul 31, 2015 at 09:16
Yesterday the EURUSD fell breaking below the 50% Fibonacci level (support) at 1.0955 and closed in the red at the middle of the daily range. This movement suggests a consolidation day, possible making an inside day. Key levels to watch today are: the 50% Fibonacci level (resistance) at 1.0955, and the 61.8% Fibonacci level (support) at 1.0860.
"I trade to make money not to be right."
Jul 31, 2015 at 12:57
EUR/USD recorded a third consecutive day of declines yesterday, which is on track to record a negative week. The euro depreciated by 50 pips to a closing price of 1.0931. The session passed within the final values 1.0990 and 1.0893. The movement did not confirm the attack on 1.0920, but negative attitudes remain. Possible correction to 1.0975 should renew the interest of bears.
Mitglied seit Jul 10, 2014
1117 Posts
Jul 31, 2015 at 19:12
The fundamentals today caused a lot of volatility on the EUR/USD charts but ultimately the pair failed to break above the resistance at 1.1100 and returned to its previous levels. We'll probably have to wait for next week's US Non-farm Payrolls for any major changes.
forex_trader_186239
Mitglied seit Apr 15, 2014
224 Posts
Aug 01, 2015 at 16:52
Should be quiet, next week
Mitglied seit Jul 10, 2014
1117 Posts
Aug 02, 2015 at 10:40
Probably, up until the NFP payrolls on Friday.
Mitglied seit Jun 08, 2014
454 Posts
Aug 02, 2015 at 18:26
victoriajensen posted:
Probably, up until the NFP payrolls on Friday.
I dont think we will see much volatility next week till friday with the NFP and the unemployment rate.
Aug 03, 2015 at 16:08
On Friday the trading of EUR/USD was quite variable. During the session the single currency recorded a significant lead against the dollar, reaching a peak for the day at 1.1111 and approaching resistance at 1.1128. A breakthrough level not reachedand just before the end most of the profit was lost. After all the euro gained 52 pips and finished at a price of 1.0982. Short-term expectations remain in its favor.
Mitglied seit Oct 02, 2014
909 Posts
Aug 03, 2015 at 16:29
Not so much is going on today...
Positivity
Mitglied seit Jun 08, 2014
454 Posts
Aug 03, 2015 at 19:19
there was no much movements today and I don't expect much this week until friday.
Aug 04, 2015 at 07:11
EUR/USD recorded a minimum decrease on Monday session. The pair started the week without a significant change in the price. The session was open to the rate of 1.0971 and ended 22 pips lower. Sharp movements were not recorded, the difference between the highest and lowest value for the day was 54 pips. If expectations for new growth in the single currency come true, the resistance at 1.1128 will break through.
forex_trader_186239
Mitglied seit Apr 15, 2014
224 Posts
Aug 04, 2015 at 15:01
Oscillations till NFP day, be aware of false movements
Mitglied seit Jul 10, 2014
1117 Posts
Aug 04, 2015 at 17:34
sherifFares posted:
there was no much movements today and I don't expect much this week until friday.
You're right. Today was a painfully slow day and there's little reason to believe anything will change before the NFP.
Mitglied seit Jun 08, 2014
454 Posts
Aug 04, 2015 at 18:28
EUR/USD current support level is 1.0888 which is 38.2% fibo level a break below will push the price till 1.0815. still the EUR/USD is bearish.
