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EUR/USD
Mitglied seit Apr 08, 2014
1141 Posts
Aug 26, 2016 at 07:40
Mitglied seit Apr 08, 2014
1141 Posts
Yesterday the EURUSD rose with a narrow range and closed near the high of the day, in addition managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.
The pair is trading below the 10-day moving average that is acting as a dynamic resistance and is trading well above the 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1291 (resistance), a daily support at 1.1237, and the 200-day moving average at 1.1163 (support).
The pair is trading below the 10-day moving average that is acting as a dynamic resistance and is trading well above the 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1291 (resistance), a daily support at 1.1237, and the 200-day moving average at 1.1163 (support).
"I trade to make money not to be right."
Aug 26, 2016 at 08:12
Mitglied seit May 01, 2015
675 Posts
On Thursday session the euro broke the negative momentum from the last two sessions and recovered some of its losses against the US dollar. If the upward direction continue,the resistance at 1.1382 will be broken soon. Support is seen at 1.1239 and 1.1197.
Aug 26, 2016 at 08:59
Mitglied seit Apr 09, 2016
421 Posts
The euro rose against the dollar on Friday. By the end of the trading session EUR/USD was traded at 1.1294, gaining 0.11%.
I believe that the support is now located at the level of 1.1242, Wednesday's low and resistance is likely to be at the level of 1.1357 - a maximum of Tuesday.
I believe that the support is now located at the level of 1.1242, Wednesday's low and resistance is likely to be at the level of 1.1357 - a maximum of Tuesday.
Mitglied seit Jul 10, 2014
1117 Posts
Aug 26, 2016 at 10:24
Mitglied seit Jul 10, 2014
1117 Posts
There's a shooting star candlestick below the resistance at 1.1300, EUR/USD will likely start moving to the downside towards the support at 1.1240 again.
Mitglied seit Oct 02, 2014
909 Posts
Aug 29, 2016 at 07:08
Mitglied seit Feb 24, 2016
277 Posts
The EUR/USD suffered some pull back on Friday but the pair has mildly recovered in today's early opening hours. 1.1175 was the lowest for today and price reached a high of 1.1207. We're at a support so bulls might try to push price higher.
Mitglied seit Apr 08, 2014
1141 Posts
Aug 29, 2016 at 08:08
Mitglied seit Apr 08, 2014
1141 Posts
On the last Friday’s session the EURUSD tried to rally but found enough resistance near the 61.8% Fibonacci retracement to give back to the market all of its gains and closed near the low of the day, in addition closed below Thursday’s low, which suggests a strong bearish momentum.
The pair is trading below the 10-day moving average that is acting as a dynamic resistance and is trading above the 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1293 (resistance), a daily support at 1.1237, and the 200-day moving average at 1.1165 (support).
The pair is trading below the 10-day moving average that is acting as a dynamic resistance and is trading above the 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1293 (resistance), a daily support at 1.1237, and the 200-day moving average at 1.1165 (support).
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
Aug 29, 2016 at 11:46
Mitglied seit Jul 10, 2014
1117 Posts
EUR/USD dropped significantly after Janet Yellen's speech on Friday and the move to the downside will likely continue. A breakout below 1.1175 will probably lead to a further drop towards 1.1050.
Aug 29, 2016 at 23:32
Mitglied seit Apr 09, 2014
834 Posts
victoriajensen posted:
EUR/USD dropped significantly after Janet Yellen's speech on Friday and the move to the downside will likely continue. A breakout below 1.1175 will probably lead to a further drop towards 1.1050.
I agree, pressure on the downside remains, the pair next possible target would be at 1.1100 if break below 1.1160/50 support zone.
Mitglied seit Apr 08, 2014
1141 Posts
Aug 30, 2016 at 06:56
Mitglied seit Apr 08, 2014
1141 Posts
Yesterday the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition managed to close within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The pair is trading below the 10-day moving average that is acting as a dynamic resistance and is trading above the 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1273 (resistance), a daily support at 1.1237, the 200-day moving average at 1.1168 (support), and the 50-day moving average at 1.1134 (support).
The pair is trading below the 10-day moving average that is acting as a dynamic resistance and is trading above the 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1273 (resistance), a daily support at 1.1237, the 200-day moving average at 1.1168 (support), and the 50-day moving average at 1.1134 (support).
"I trade to make money not to be right."
Aug 31, 2016 at 07:19
Mitglied seit Feb 24, 2016
277 Posts
EUR/USD is trading to the downside in today's session after failing to break above the resistance on the short-term at 1.12. The pair is now 1.1141 and with the predominantly bullish expectations of the US dollar, the pair might be in for a steady ride South.
Mitglied seit Apr 08, 2014
1141 Posts
Aug 31, 2016 at 07:32
Mitglied seit Apr 08, 2014
1141 Posts
Yesterday the EURUSD plunged with a wide range and closed near the low of the day, in addition managed to close below the previous day range, which suggests a strong bearish momentum.
The pair is trading below the 10 and the 200-day moving averages that are acting as a dynamic resistance and is trading above the 50-day moving average that is acting as dynamic support.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1253 (resistance), the 200-day moving average at 1.1192 (resistance), the 50-day moving average at 1.1134 (support) and a daily support at 1.1097.
The pair is trading below the 10 and the 200-day moving averages that are acting as a dynamic resistance and is trading above the 50-day moving average that is acting as dynamic support.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1253 (resistance), the 200-day moving average at 1.1192 (resistance), the 50-day moving average at 1.1134 (support) and a daily support at 1.1097.
"I trade to make money not to be right."
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