EUR/USD
Mitglied seit Apr 08, 2014
1141 Posts
Nov 29, 2016 at 10:04
Yesterday the EURUSD tried to rally but found enough resistance at 1.0666 Fibonacci extension to reverse although closed slightly in the green, in the middle of the daily range, creating a doji pattern. In addition the pair closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair closed above the 10-day moving average that should act as a dynamic support but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0597 (support) and the all-time low at 1.0462.
The currency pair closed above the 10-day moving average that should act as a dynamic support but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0597 (support) and the all-time low at 1.0462.
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
Nov 29, 2016 at 13:51
EUR/USD is back to testing the support at 1.0580 - 1.0560. The pair is very undecided at the moment, we'll likely have to wait for the fundamentals this week to give it a direction.
Nov 30, 2016 at 06:34
The single currency marked an increase against the US dollar on Tuesday. The session started at 1.0612 and closed 36 pips higher. In the short-term the outlook remains neutral. A break of the range to the downside and a test of 1.0550 is more likely scenario, given the long-term downtrend. Support is seen at 1.0550 and resistance is located at 1.0815, 1.0980 and 1.1160.
Mitglied seit Apr 08, 2014
1141 Posts
Nov 30, 2016 at 09:22
Yesterday the EURUSD initially fell but found enough buying pressure at 1.0563 Monday low to trim all its loses and closed near the high of the day, although the pair closed within Monday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair continues to trade above the 10-day moving average is acting as a dynamic support but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0599 (support) and the all-time low at 1.0462.
The currency pair continues to trade above the 10-day moving average is acting as a dynamic support but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0599 (support) and the all-time low at 1.0462.
"I trade to make money not to be right."
Nov 30, 2016 at 12:53
Euro / dollar attempted to push lower yesterday, bottomed at 1.0564 but closed higher at 1.0648 and hit 1.0660 earlier today. Trade signals are neutrals in the near future, perhaps with slight bullish signal to test 1.0700. A clear break and daily close above this level may lead to further upward pressure to test 1.0800 / 50. The nearest support is around 1.0620. A clear break below it can cause pressure down to test 1.0565. The fundamental outlook remains neutral.
Mitglied seit Jul 10, 2014
1117 Posts
Nov 30, 2016 at 12:56
(bearbeitet Nov 30, 2016 at 13:10)
EUR/USD has been caught in a very tight range between 1.0620 and 1.0660 for the past twenty-four hours and it may continue until the US Change in the Non-Farm Payrolls is announced on Friday.
Mitglied seit Sep 12, 2015
1948 Posts
Nov 30, 2016 at 17:22
rosentray posted:Opec meeting was today which added to the push.
Better than expected US data pushed the price of the EUR/USD below 1.06 again earlier today. The pair is now 1.0580 and it looks like bears are again taking control over the trend.
"They mistook leverage with genius".
Dec 01, 2016 at 07:00
The euro was down against the US Dollar on Wednesday. By the close of US trading EUR / USD was trading at 1.0589, shedding 0.57%. I believe that the support is now located at the level of 1.0535, Friday's low, and resistance is likely at the level of 1.0686 - Monday's high.
Mitglied seit Nov 24, 2015
64 Posts
Dec 01, 2016 at 07:32
it could go either way after the consolidation phase,fingers crossed
robertonathalie@
Mitglied seit Apr 08, 2014
1141 Posts
Dec 01, 2016 at 09:18
Yesterday the EURUSD initially rose but found enough resistance at 1.0666 Fibonacci extension to reverse and closed near in the middle of the daily range, in addition the pair managed to close within yesterday range, which suggests being clearly neutral, neither side is showing control.
The currency pair closed shy below the 10-day moving average but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily support at 1.0622, the 10-day moving average at 1.060 (support) and the all-time low at 1.0462.
The currency pair closed shy below the 10-day moving average but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily support at 1.0622, the 10-day moving average at 1.060 (support) and the all-time low at 1.0462.
"I trade to make money not to be right."
Dec 01, 2016 at 11:54
EUR/USD continues its sideways trading after yesterday's initial dive post-news. The pair reached below 1.0590 and is now back above 1.06 currently at 1.0624. Volatility is expected to remain low as we approach the NFP and Jobs data scheduled for tomorrow morning US time.
Mitglied seit Jul 10, 2014
1117 Posts
Dec 01, 2016 at 14:41
Although EUR/USD formed a doji candlestick under the resistance at 1.0640 on the four-hour time-frame the pair remains very flat. I doubt there will be any changes before the fundamentals tomorrow.
Dec 01, 2016 at 19:18
The EUR/USD pair advaced slightly this week, still remains limited by the 1.0600 level. The macro data release on both sides the Atlantic couldn’t give enough strenght to set clear direction. The pair is currently consolidating and yet is capped by the 1.0700 level.
Mitglied seit Apr 08, 2014
1141 Posts
Dec 02, 2016 at 10:23
Yesterday the EURUSD rose with a narrow range and closed near the high of the day, although the pair managed to close within yesterday range, which suggests being on the bullish side of neutral.
The currency pair closed back above the 10-day moving average but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0607 (support) and the all-time low at 1.0462.
The currency pair closed back above the 10-day moving average but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0607 (support) and the all-time low at 1.0462.
"I trade to make money not to be right."
Dec 02, 2016 at 15:58
Despite the positive US news, the EUR/USD wasn't much affected. The pair remained in pre-data levels gravitating towards 1.0650. Now price is 1.0660 and it seems that it will stay that way until closing. Unemployment to 4.6% is positive with a nice move from 4.9. Here are the news:
USD Change in Non-farm Payrolls (NOV),
Actual: 178k
Expected: 180K
Previous: 142K
USD Change in Non-farm Payrolls (NOV),
Actual: 178k
Expected: 180K
Previous: 142K
Mitglied seit Oct 02, 2014
909 Posts
Dec 04, 2016 at 09:39
Bullish for the week.
Positivity
Dec 04, 2016 at 18:25
The EUR/USD pair was seen higher at 1.0680, below the weekly high pinned at 1.0689, but quickly retreated and closed the week around 60 pips higher. In the upcoming days the focus will be set on the Italian referendum that was held today and the ECB's meeting next Thursday.
