EUR/USD
Mitglied seit Jul 10, 2014
1117 Posts
Feb 23, 2016 at 16:08
The pair is still testing the support at 1.1000 indeed. I do think it will break below that level soon though, and continue towards 1.0900, perhaps even 1.0800.
Feb 23, 2016 at 20:03
Abdul2012 posted:
That was impressive drop for the EUR/USD today and the support level at 1.1005 is under pressure of the strong US dollar, Breaking below will drive the the pair to the 1.0990 level.
The resistance at 1.0990 tested today as i was expecting yesterday but the EUR/USD couldn't break below so it is good opportunity to go short.
Mitglied seit Jun 08, 2014
454 Posts
Feb 23, 2016 at 21:25
EUR/USd attempted to test the support level and failed to break under, still waiting for a rebound sign or a break of the support.
Mitglied seit Oct 11, 2013
775 Posts
Feb 24, 2016 at 00:08
Good drop on the EURUSD, the pair remains weak, but it may also be time for a correction, lets see how it keeps going.
Feb 24, 2016 at 09:01
The single currency lost ground against the dollar for a second day after trading in a relatively narrow range. The daily limit values were reached respectively at 1.1052 and 1.0989, as the euro depreciated by 9 pips to a closing price of 1.1018. Thus, the pair marked a decline of 2.8% over the last eight sessions. Technical outlook remains negative, downward crossing of the moving averages will contribute to the bearish sentiment. Main target downwards remain 1.0960.
Mitglied seit Apr 08, 2014
1141 Posts
Feb 24, 2016 at 09:11
Yesterday the EURUSD went back and forward with a narrow range and closed in the middle of the daily range, however managed to close within the previous day range, suggesting lack of momentum.
The pair is trading below the 10 and the 200-day moving averages that are acting as dynamic resistances however is still trading above the 50-day moving average that are acting as dynamic support.
The key levels to watch are: The previous swing high at 1.1376, a daily resistance at 1.1237, the 10-day moving average at 1.1106 (resistance), a daily resistance at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0982 (support) and a daily support at 1.0900.
The pair is trading below the 10 and the 200-day moving averages that are acting as dynamic resistances however is still trading above the 50-day moving average that are acting as dynamic support.
The key levels to watch are: The previous swing high at 1.1376, a daily resistance at 1.1237, the 10-day moving average at 1.1106 (resistance), a daily resistance at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0982 (support) and a daily support at 1.0900.
"I trade to make money not to be right."
Mitglied seit Jun 08, 2014
454 Posts
Feb 24, 2016 at 17:40
A second day the EUR/USD is trading around open price which proves that the support level remains and the market is uncertain, EUR/USD failed to break under the support levels and rebounded to sustain over 1.1000, most probably we will see a rebound from this levels second option if price succeeded to stay under support line will be a good opportunity for going short.
Feb 24, 2016 at 19:10
sherifFares posted:I agree with you on that, Let us see what will be the next move for the EUR/USD till the end of this week.
A second day the EUR/USD is trading around open price which proves that the support level remains and the market is uncertain, EUR/USD failed to break under the support levels and rebounded to sustain over 1.1000, most probably we will see a rebound from this levels second option if price succeeded to stay under support line will be a good opportunity for going short.
Mitglied seit Jul 10, 2014
1117 Posts
Feb 24, 2016 at 19:51
That break below 1.1000 proved to be false unfortunately and we'll probably have to wait for the fundamentals later this week to push the pair below that level if they do at all.
Mitglied seit Oct 11, 2013
775 Posts
Feb 24, 2016 at 21:32
No clear direction on the EURUSD, the price is only showing some weakness, but no decision yet as to where to move. Let’s see if it breaks the 1.1100 or the 1.0900.
Mitglied seit Apr 08, 2014
1141 Posts
Feb 25, 2016 at 08:20
Yesterday the EURUSD went back and forward with a wide range and closed in the middle of the daily range, however managed to close within the previous day range, suggesting lack of momentum and possible consolidation.
The pair is trading below the 10 and the 200-day moving averages that are acting as dynamic resistances however is still trading above the 50-day moving average that are acting as dynamic support. The Moving averages are squeezing the price let’s wait to see where it will pop.
The key levels to watch are: The previous swing high at 1.1376, a daily resistance at 1.1237, the 10-day moving average at 1.1086 (resistance), a daily resistance at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0983 (support) and a daily support at 1.0900.
The pair is trading below the 10 and the 200-day moving averages that are acting as dynamic resistances however is still trading above the 50-day moving average that are acting as dynamic support. The Moving averages are squeezing the price let’s wait to see where it will pop.
The key levels to watch are: The previous swing high at 1.1376, a daily resistance at 1.1237, the 10-day moving average at 1.1086 (resistance), a daily resistance at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0983 (support) and a daily support at 1.0900.
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
Feb 25, 2016 at 17:56
EUR/USD formed another spinning top candlestick on the daily time frame above the resistance at 1.1000, it appears that the pair will bounce off that support.
Mitglied seit Jun 08, 2014
454 Posts
Feb 25, 2016 at 18:00
Not much movement for today for EUR/USD.
