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takechance (takechance)
Apr 21 2015 at 21:19
271 Posts
takechance posted:
The pair is just now breaking below an important wave support at 1.0713. High chance of reaching 1.0520 again.


At the end of the day somehow managed to close at 1.0735, above that crucial support and formed a doji candle which indicates market is again undecided and waiting for a clear signal coming out of the Friday meeting.

csc2009
Apr 21 2015 at 22:47
834 Posts
EUR/USD is back to square one after more than 100 pips down today, unable to determine a clear direction. Upside immediate resistances can be found at 1.0780 today's high.

alexforex007
Apr 21 2015 at 22:49
774 Posts
lets see if the EURUSD goes back down, it is still weak, even after today's small rally. It couldn't break above the 1.0800 level, but the 1.0700 could act as support again.

peeterwoolf
Apr 22 2015 at 02:08
230 Posts
csc2009 posted:
EUR/USD is back to square one after more than 100 pips down today, unable to determine a clear direction. Upside immediate resistances can be found at 1.0780 today's high.


Still bearish, 1 hour chart shows that the 20 SMA offers support around 1.0715.

honeill (honeill)
Apr 22 2015 at 08:09
1141 Posts
EURUSD initially fell but found enough support at 1.0680 Fibonacci level to turn around and close at the open creating a Doji pattern. We may expect choppy trading ahead of the Eurogroup meeting on April 24th. The pair is being squeezed between the 10 and 50-day moving average.

"I trade to make money not to be right."
Abdul2012
Apr 22 2015 at 18:18
413 Posts
The consolidation getting tight for the EUR/USD for the second day in a row and no signs for good point to trade.

victoriajensen
Apr 22 2015 at 18:22
1117 Posts
honeill posted:
EURUSD initially fell but found enough support at 1.0680 Fibonacci level to turn around and close at the open creating a Doji pattern. We may expect choppy trading ahead of the Eurogroup meeting on April 24th. The pair is being squeezed between the 10 and 50-day moving average.


I agree. I thought the doji candlestick on the EUR/USD daily chart was a signal that the pair would move to the upside but that was not the case. Consolidation continues for the moment and I doubt it will end before the Eurogroup meeting.

sherifFares
Apr 22 2015 at 18:25
454 Posts
The second Doji candle on the daily chart for the second day. the market is still undecided.

takechance (takechance)
Apr 23 2015 at 00:02
271 Posts
takechance posted:
takechance posted:
The pair is just now breaking below an important wave support at 1.0713. High chance of reaching 1.0520 again.


At the end of the day somehow managed to close at 1.0735, above that crucial support and formed a doji candle which indicates market is again undecided and waiting for a clear signal coming out of the Friday meeting.


Once again came back closer to that important 1.0713 support. Breaking this should find way to 1.0520. Lets see.

honeill (honeill)
Apr 23 2015 at 08:01
1141 Posts
Yesterday the EURUSD initially rose after a bounce on the 10-day moving average but found enough selling pressure at 1.08 psychological level to turn around and close in the red near the low of the day. We continue to see choppy trading while we wait for the Eurogroup meeting tomorrow, the 24th of April. The pair is still being squeezed between the 10 and 50-day moving average.

"I trade to make money not to be right."
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