EUR/USD
Mitglied seit Apr 08, 2014
1141 Posts
Feb 09, 2017 at 10:10
On yesterday session, the EURUSD went back and forward without any clear direction although manages to close in the green, near the high of the day, in addition the currency pair closed within Wednesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0742 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0595 (support) and a daily support at 1.0462.
The currency pair is trading above the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0742 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0595 (support) and a daily support at 1.0462.
"I trade to make money not to be right."
Feb 09, 2017 at 11:07
After two weaker days in the presentation of the euro, today it rose against the dollar. At the beginning of the session nothing suggested that the bulls will be able to close the session in green. The rate by opening of the session was 1.0683, and at 7:00 had pierced the support level of 1.0660. This led to a daily low at 1.0640. Then the Bulls brought the price to a high of 1.0713. After a little hesitant movements, the day was closed with rise of the euro to 1.0697.
Mitglied seit Jul 10, 2014
1117 Posts
Feb 09, 2017 at 16:26
EUR/USD did retrace to 1.0712 before moving to the downside once again. Currently the pair is quite undecided, but if the move to the downside continues the first target will likely be at 1.0600.
Mitglied seit Oct 11, 2013
775 Posts
Feb 09, 2017 at 22:46
The EURUSD drops again, but it still needs to gain enough bearish momentum to reach the 1.0600 level. There could be a change in trend below the 1.0600 level.
Feb 10, 2017 at 07:35
EUR/USD is sitting over 1.0650 support. The weekly movement (not such significant so far) is in favor of the dollar and some weekly short positions closing may help for the EUR. This is just guessing, not based on any analysis.
If not clear, better to stay aside :)
If not clear, better to stay aside :)
Mitglied seit Jul 10, 2014
1117 Posts
Feb 10, 2017 at 15:02
EUR/USD has almost reached 1.0600. While it is possible for it to bounce off from that level, a breakout below it would probably lead to a further drop towards 1.0540 - 1.0530.
Mitglied seit Sep 12, 2015
1948 Posts
Feb 13, 2017 at 00:04
Who knows what he will tweet this week, I think the plan is to make the dollar cheaper and lower Tax for business, re word immigration plan.
"They mistook leverage with genius".
Mitglied seit Apr 08, 2014
1141 Posts
Feb 13, 2017 at 09:27
On the last Friday’s session the EURUSD initially fell but found enough buying pressure around the 50-day moving average to trim some of its losses and closed in the middle of the daily range, although the currency pair managed to close below Thursday’s range, which suggests a bearish momentum.
The currency pair is trading above the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0730 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0598 (support) and a daily support at 1.0462.
The currency pair is trading above the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0730 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0598 (support) and a daily support at 1.0462.
"I trade to make money not to be right."
