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EUR/USD
May 10, 2017 at 15:13
Mitglied seit May 01, 2015
675 Posts
The EUR/USD bounced slightly from the weekly low, but after Mario Draghi’s speach turned bearish again. The current market price is 1.0865 and interemediate support is seen at 1.0850. In case of breaking it, the pair could extend the downwards slope towards 1.0820.
Mitglied seit Apr 08, 2014
1141 Posts
May 11, 2017 at 07:48
Mitglied seit Apr 08, 2014
1141 Posts
On yesterday session, the EURUSD went back and forward without any clear direction although and closed in the red, in the middle of the daily range, plus managed to close within Tuesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a key level at 1.0970 (resistance), the 10-day moving average at 1.0926 (resistance), a daily resistance at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0769 (support).
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a key level at 1.0970 (resistance), the 10-day moving average at 1.0926 (resistance), a daily resistance at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0769 (support).
"I trade to make money not to be right."
Mitglied seit Feb 22, 2015
178 Posts
Mitglied seit Sep 12, 2015
1948 Posts
May 11, 2017 at 18:02
Mitglied seit Sep 12, 2015
1948 Posts
Cryptocurrency posted:
I'm predicting price of EUR/USD will drop to 1.06 area. What is everyone's prediction?
Doubtful it will go that low based on the Euro data some traders I know are calling 1.080
"They mistook leverage with genius".
Mitglied seit Apr 08, 2014
1141 Posts
May 12, 2017 at 08:14
Mitglied seit Apr 08, 2014
1141 Posts
On yesterday session, the EURUSD went back and forward without any clear direction again and closed in the red, in the middle of the daily range, plus managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a key level at 1.0970 (resistance), the 10-day moving average at 1.0922 (resistance), a daily resistance at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0774 (support).
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a key level at 1.0970 (resistance), the 10-day moving average at 1.0922 (resistance), a daily resistance at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0774 (support).
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
May 12, 2017 at 14:41
Mitglied seit Jul 10, 2014
1117 Posts
EUR/USD reached 1.0900 today after bouncing off from 1.0840 and it even broke out above that level. It is currently testing 1.0920. Next target is likely 1.0950 - 1.1000.
Mitglied seit Oct 02, 2014
909 Posts
Mitglied seit Feb 06, 2016
1 Posts
May 15, 2017 at 06:27
Mitglied seit Apr 09, 2016
421 Posts
The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.0932, gaining 0.64%. I believe that support is now at around 1.0838, Thursday's low, and resistance is likely to come in at 1.1024, Monday's high.
Mitglied seit Apr 08, 2014
1141 Posts
May 15, 2017 at 07:37
Mitglied seit Apr 08, 2014
1141 Posts
On the last Friday’s session the EURUSD rallied with a wide range but and closed near the high of the day, in addition the currency pair managed to close above Thursday’s high, which suggests a strong bullish momentum.
The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: Year high at 1.1021 (resistance), a key level at 1.0970 (resistance), the 10-day moving average at 1.0926 (support), a daily support at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0778 (support).
The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: Year high at 1.1021 (resistance), a key level at 1.0970 (resistance), the 10-day moving average at 1.0926 (support), a daily support at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0778 (support).
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
May 15, 2017 at 14:29
Mitglied seit Jul 10, 2014
1117 Posts
EUR/USD broke out above 1.0900 and it has almost reached 1.1000. Now the question is whether there will be a breakout above 1.1020.
May 15, 2017 at 18:11
Mitglied seit May 01, 2015
675 Posts
Today the EUR/USD pair was challenged by the key level at 1.1000, but couldn’t conquer it. However technical indicators on the 4-hour time frame are keeping bullish stance and in the short-term we may expect euro bulls to push higher.
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