EUR/USD
Mitglied seit Apr 08, 2014
1141 Posts
Feb 16, 2017 at 07:35
On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure at 1.0526 to reverse and managed to close near the high of the day, creating a hammer pattern, in addition the currency pair closed within Tuesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 10, 50 and 200-day moving averages all 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 1.0659 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0605 (resistance) and a daily support at 1.0462.
The currency pair is trading below the 10, 50 and 200-day moving averages all 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 1.0659 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0605 (resistance) and a daily support at 1.0462.
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
Feb 16, 2017 at 13:30
EUR/USD bounced off from 1.0520 and is currently testing the resistance at 1.0660 which is the (MA)89 indicator on the four-hour time-frame. If it breaks out above that level it will likely continue moving to the upside towards 1.0700.
Mitglied seit Sep 12, 2015
1948 Posts
Feb 16, 2017 at 13:38
(bearbeitet Feb 16, 2017 at 13:41)
stian posted:Was it already priced in this morning? Most of the indexes are negative with a few exceptions.
Another day of good US data, enough to fuel a dollar boost?
"They mistook leverage with genius".
Mitglied seit Sep 12, 2015
1948 Posts
Feb 16, 2017 at 14:02
I'm Long EUR/GBP just after the data, Ill wait till the US open to see if there is more of a reaction in the $
"They mistook leverage with genius".
Mitglied seit Apr 08, 2014
1141 Posts
Feb 17, 2017 at 09:23
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, creating a bullish belt hold line pattern, in addition the currency pair managed to close above Wednesday’s range, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and 50 day moving averages that should provide a dynamic support but is still below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0648 (support), a daily support at 1.0622, the 50-day moving average at 1.0610 (support) and a daily support at 1.0462.
The currency pair is trading above the 10 and 50 day moving averages that should provide a dynamic support but is still below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0648 (support), a daily support at 1.0622, the 50-day moving average at 1.0610 (support) and a daily support at 1.0462.
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
Feb 17, 2017 at 14:36
EUR/USD bounced off from 1.0678 but it appears that the retracement was only temporary. The pair broke out above 1.0655 and it's still moving to the upside, likely to test the aforementioned high again.
Feb 18, 2017 at 11:34
The euro was down against the US Dollar on Friday. By the closing of US trading EUR/USD was trading at 1.0615, shedding 0.55%. I believe that the support is now located at the level of 1.0520, Wednesday's low and resistance is at the level of 1.0682 - maximum of Thursday.
Mitglied seit Oct 02, 2014
909 Posts
Feb 19, 2017 at 09:32
EUR/USD closed at 1.0611 amid mixed market reactions on the latest Janet Yellen speech. The next week would bring the FOMC minutes on Wednesday.
Positivity
Mitglied seit Oct 11, 2013
775 Posts
Feb 19, 2017 at 20:05
The EURUSD is still in a bearish trend, despite the pullback attempt during last week. To the upside, the 1.0827 level is still its most relevant resistance, to the downside, the 1.0519 level is its most important support.
Mitglied seit Feb 22, 2015
178 Posts
Feb 19, 2017 at 20:33
alexforex007 posted:
The EURUSD is still in a bearish trend, despite the pullback attempt during last week. To the upside, the 1.0827 level is still its most relevant resistance, to the downside, the 1.0519 level is its most important support.
Thanks for the tip, I'll wait for EURO to drop lower then I'll acquire more.
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Mitglied seit Sep 12, 2015
1948 Posts
Feb 19, 2017 at 23:04
If we get down to 06000 I think I will go long, did a quick long at the open, paid off, watching EUR/GBP now for a long.
"They mistook leverage with genius".
