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EUR/USD
Mitglied seit Apr 08, 2014
1141 Posts
Feb 26, 2016 at 09:06
Mitglied seit Apr 08, 2014
1141 Posts
Yesterday the EURUSD went back and forward again but this time with a narrow range and closed in the middle of the daily range, in addition 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 1.1072 (resistance), a daily resistance at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0986 (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 1.1072 (resistance), a daily resistance at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0986 (support) and a daily support at 1.0900.
"I trade to make money not to be right."
Feb 26, 2016 at 15:29
Mitglied seit Nov 14, 2015
325 Posts
Good US data, bad German data. EURUSD back at 1.0960 levels, and still falling (eyes on US consumption and sentiment later today, it might build enough momentum to head down to 1.09.
Had a short on 1.1030. TP at 1.0830 (but closing it manually on bad US data).
Had a short on 1.1030. TP at 1.0830 (but closing it manually on bad US data).
Mitglied seit Jun 08, 2014
454 Posts
Mitglied seit Oct 02, 2014
909 Posts
Mitglied seit Jul 10, 2014
1117 Posts
Feb 26, 2016 at 18:04
Mitglied seit Jul 10, 2014
1117 Posts
EUR/USD will most likely reach 1.0900, the question is whether it will be able to break below that support and continue falling.
Mitglied seit Jan 14, 2010
2299 Posts
Mitglied seit Jan 14, 2010
2299 Posts
Feb 29, 2016 at 09:02
Mitglied seit Jan 14, 2010
2299 Posts
I am short since Friday 1.100.
Mitglied seit Apr 08, 2014
1141 Posts
Feb 29, 2016 at 09:56
Mitglied seit Apr 08, 2014
1141 Posts
On the last Friday’s session the EURUSD initially rose but found enough resistance at the 10-day moving average to reverse and close near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.
The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: A daily resistance at 1.1097, the 10-day moving average at 1.1063 (resistance), the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0984 (resistance), a daily support at 1.0900 and other daily support at 1.0819.
The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: A daily resistance at 1.1097, the 10-day moving average at 1.1063 (resistance), the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0984 (resistance), a daily support at 1.0900 and other daily support at 1.0819.
"I trade to make money not to be right."
Feb 29, 2016 at 15:53
Mitglied seit Feb 24, 2016
277 Posts
The EUR/USD is trading below support in today's hours of the European session. Price reached 1.0879 as today's low so far and is now currently trading at 1.0890. With the US economy gaining strength, the momentum of the positive news on Friday is still being felt.
Technically speaking, we can expect 1.0840 to act as a first support due to prior pivot point being met. If this level is wiped, second support level is seen at 1.08 as a psychological support.
Major resistance that bulls have to take out is the level of 1.1050 which is the 200SMA and the lower trend line on the long-term ascending channel.
Technically speaking, we can expect 1.0840 to act as a first support due to prior pivot point being met. If this level is wiped, second support level is seen at 1.08 as a psychological support.
Major resistance that bulls have to take out is the level of 1.1050 which is the 200SMA and the lower trend line on the long-term ascending channel.
Mitglied seit Jul 10, 2014
1117 Posts
Feb 29, 2016 at 17:31
Mitglied seit Jul 10, 2014
1117 Posts
The pair finally broke below 1.0900, if it breaks below 1.0870 too it will likely continue towards 1.0800, I think. Not to mention that considering the multi-week range visible on the weekly time frame the long-term target is at 1.0600.
Mitglied seit Jun 08, 2014
454 Posts
Mitglied seit Apr 08, 2014
1141 Posts
Mar 01, 2016 at 09:25
Mitglied seit Apr 08, 2014
1141 Posts
Yesterday the EURUSD initially rose but found enough selling pressure to turn around and closed near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.
The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: A daily resistance at 1.1097, the 200-day moving average at 1.1021 (resistance), the 10-day moving average at 1.0993 (resistance), 50-day moving average at 1.0984 (resistance), a daily resistance at 1.0900 and a daily support at 1.0819.
The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: A daily resistance at 1.1097, the 200-day moving average at 1.1021 (resistance), the 10-day moving average at 1.0993 (resistance), 50-day moving average at 1.0984 (resistance), a daily resistance at 1.0900 and a daily support at 1.0819.
"I trade to make money not to be right."
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