EUR/USD
Mitglied seit Oct 11, 2013
775 Posts
May 05, 2016 at 02:24
The EURUSD may not move much around current levels until the NFP numbers come out this Friday. The 1.1600 level may still act as a resistance and the 1.1400 level, along with the 21 day EMA, may act as support.
May 05, 2016 at 05:15
On Wednesday session the euro marked a slight decline against the US dollar. The session started at 1.1495 and finished only 10 pips lower. The graphics continue to develop over moving averages, while the index of relative strength remains on neutral territory. In the short term outlook remains neutral as for further progress the pair must jump and stay above 1.1600.
Mitglied seit Apr 08, 2014
1141 Posts
May 05, 2016 at 07:51
Yesterday EURUSD went back and forward without any clear direction however closed in the red, near the low of the day and managed to close below the previous day low, suggesting a strong bearish momentum.
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1753, other daily resistance at 1.1556, daily support at 1.1459, the previous swing high at 1.1398 (support) and the 10-day moving average at 1.1387 (support).
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1753, other daily resistance at 1.1556, daily support at 1.1459, the previous swing high at 1.1398 (support) and the 10-day moving average at 1.1387 (support).
"I trade to make money not to be right."
May 05, 2016 at 10:50
The head of the Federal Reserve Bank (FRB) Minneapolis Neil Kashkari convinced that the Federal Reserve (Fed) wants the normalization of interest rates in the United States, but will not actively raise them.
According to him, the Fed will change the rate when such a move is justified by macroeconomic indicators.
According to him, the Fed will change the rate when such a move is justified by macroeconomic indicators.
May 05, 2016 at 10:55
On Thursday, the dollar rose against other major currencies, as mostly positive US data released on Wednesday, reinforced optimism about the strength of the economy, while investors are preparing for a long-awaited data on employment, which will be released on Friday. The EUR / USD fell by 0.47% to 1.1428.
May 05, 2016 at 11:24
EUR/USD is trading sharply lower today after reaching multi-month high of 1.1620. The pair is currently trading at 1.1423 and by the way it looks, it might test 1.14 before we get the news tomorrow. Reminder: NFP and Unmployment Rate are scheduled for tomorrow.
Mitglied seit Jul 10, 2014
1117 Posts
May 05, 2016 at 16:04
The shooting star candlestick on the daily time-frame yesterday had the expected consequences and the pair fell, it's currently testing 1.1400 and a breakout below that level will likely lead to a further drop to 1.1200.
Mitglied seit Oct 11, 2013
775 Posts
May 05, 2016 at 21:22
Looks like a good pullback on the EURUSD for a long entry, expecting a bullish bounce, but a break down could take the price to the 1.1300 level.
May 05, 2016 at 22:26
Dollar weakness is still the main factor drive the pair, despite weak data from US, the pair drop back to previous resistance level around 1.1400 level, if Eur/Usd break down 1.14 handle it will probably open the door to further downside towards 1.1350 zone.
May 06, 2016 at 05:50
The dollar rose against a basket of major currencies for a third day on Thursday as traders closed the advantageous position in anticipation of the publication of Friday's employment report, which could confirm the view that the Fed will not raise rates soon.
May 06, 2016 at 06:30
On Thursday session the euro marked a decline against the US dollar. The session started at 1.1485 and the price managed to break through the first support at 1.1450. The pair lost 81 pips to a closing price of 1.1404. If the euro keep its downward movement, we may expect an attempt to break of the first support at 1.1286.
Mitglied seit Apr 08, 2014
1141 Posts
May 06, 2016 at 07:42
Yesterday EURUSD fell with a wide range 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 closed below the 10-day moving average that should now act as a dynamic resistance although is still trading above the 50 and the 200-day moving averages that act as a dynamic support.
The key levels to watch are: Last swing high at 1.1616, a daily resistance at 1.1556, other daily resistance at 1.1459, the previous swing high at 1.1398 (support) and the 50-day moving average at 1.1298 (support).
The pair closed below the 10-day moving average that should now act as a dynamic resistance although is still trading above the 50 and the 200-day moving averages that act as a dynamic support.
The key levels to watch are: Last swing high at 1.1616, a daily resistance at 1.1556, other daily resistance at 1.1459, the previous swing high at 1.1398 (support) and the 50-day moving average at 1.1298 (support).
"I trade to make money not to be right."
May 06, 2016 at 10:53
The EUR/USD is trading sideways today at 1.1380-1.14-1.1420. The pair is on hold expecting the market stir as traders and investors are anticipating the latest NFP data and Unemployment Rate. Current market price 1.1420 is first support while major resistance is 1.1580.
Mitglied seit Jul 10, 2014
1117 Posts
May 06, 2016 at 13:05
The NFP data caused another whipsaw, which at this point is hardly surprising. The support at 1.1400 remains unbroken though, so the pair will likely start climbing towards 1.1470 - 1.1500 again.
