EUR/USD
Mitglied seit Apr 08, 2014
1141 Posts
Jun 15, 2017 at 08:07
On yesterday session, the EURUSD tried to rally with a wide range but found enough resistance around 1.1291 a Fibonacci extension to trim most of its gains and closed near the low of the day, however the currency pair managed to close within Tuesday’s range, which suggests being slightly on the bearish side of neutral.
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 Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1230 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (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 Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1230 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
"I trade to make money not to be right."
Jun 15, 2017 at 10:00
Продолжаю отрабатывать торговую идею на продажу пары EURUSD - тейк-профит 1.0950, сейчас по данной позици есть небольшая плавающая просадка + каждый день на позицию начисляется положительный своп. /// I continue to work out the trading idea for the sale of the EURUSD pair - take profit 1.0950, now for this position there is a small floating drawdown + every day a positive swap is credited to the position.
Continuous monitoring of the rate of return does not contribute to maintaining your mental health or the well-being of your portfolio. Excerpt from Biggs Barton's book, “A Hedger Out of the Fog.”
Mitglied seit Jul 10, 2014
1117 Posts
Jun 15, 2017 at 14:48
EUR/USD finally broke out below 1.1200 today. The pair is still very bearish and a breakout below 1.1150 could lead to a further move to the downside towards 1.1060, which is the (MA)89 on the weekly time-frame.
Jun 16, 2017 at 06:52
The EURUSD had a bearish momentum yesterday bottomed at 1.1132. The bias is bearish in nearest term. The false breakout above 1.1285 gave us a valid bearish signal targeting 1.1080 which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1200. A clear break back above that area could lead price to neutral zone in nearest term but key resistance remains around 1.1285 which needs to be clearly broken to the upside to continue the bullish scenario testing 1.1350 – 1.1425 region. On the downside, a clear break and daily/weekly close below 1.1080 would nullify the bullish bias.
Top Forex Robot
Mitglied seit Apr 08, 2014
1141 Posts
Jun 16, 2017 at 09:11
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Wednesday’s range, which suggests a strong bearish momentum.
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 Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1217 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (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 Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1217 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
"I trade to make money not to be right."
Jun 16, 2017 at 11:51
I continue to work out the trading idea for the sale of the EURUSD pair - take profit 1.0950, now for this position there is a small floating drawdown + every day a positive swap is credited to the position.
Continuous monitoring of the rate of return does not contribute to maintaining your mental health or the well-being of your portfolio. Excerpt from Biggs Barton's book, “A Hedger Out of the Fog.”
Jun 16, 2017 at 16:14
The single currency recorded a decline against the US dollar on Thursday. The session started at 1.1217 and ended at 1.1144. The currency pair rebounded from the 1.1130 support and if the euro continued to lose its position against the US dollar there is a strong likelihood of a breakthrough in first support.
Jun 16, 2017 at 16:54
Euro / dollar fell yesterday, making the bottom at 1.1131. Expectations are downward in the near future. The false break above 1.1285 gave us a valid bearish signal with targets in the support region 1.1080, which remains a good place to buy with a narrow loss of loss. Immediate resistance is at 1.1200. A clear breakthrough over it could take the price to a neutral zone, but key resistance remains at 1.1285, which should be clearly pushed up for the sequel to the bullish scenario for testing at 1.1350 - 1.1425. Downwards, a clear break and a daily / weekly closing below 1.1080 would have to disrupt upward signals.
Mitglied seit Oct 11, 2013
775 Posts
Jun 16, 2017 at 23:35
Nice come back on the EURUSD, but the 1.1200 zone may act as resistance and we may still see a trend change on the pair. The 1.1100 level may act as a support, followed by the 1.1000 level or the 1.0900 level where we can see the 200 day EMA. To the upside, the most relevant resistance is still at the 1.1300 zone.
Jun 18, 2017 at 14:13
The EUR/USD pair closed the week hovering around the 1.12 mark, having the US dollar marginally higher against the single currency, backed up with the Fed’s hawikish stance. The pair failed to break the critical levels and rallies were not continued on either side. Staying within tight range seems to be game for the next week.
Jun 18, 2017 at 16:44
The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.1197, gaining 0.46%.
I believe that support is now at around 1.1130, Thursday's low, and resistance is likely at 1.1296, the maximum of Wednesday.
I believe that support is now at around 1.1130, Thursday's low, and resistance is likely at 1.1296, the maximum of Wednesday.
Mitglied seit Apr 08, 2014
1141 Posts
Jun 19, 2017 at 08:55
On the last Friday’s session the EURUSD rose with a narrow range and managed to close near the high of the day, however the currency pair closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.
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 Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1204 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (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 Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1204 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
Jun 19, 2017 at 14:20
EUR/USD is moving to the downside again after it bounced off from 1.1140 on Friday. The pair will likely test the aforementioned support level once again.
