EUR/USD
Mitglied seit Dec 10, 2017
210 Posts
Feb 01, 2018 at 13:25
On Thursday, the dollar slightly rose in price against other major currencies, receiving support as a result of a positive statement by the Fed, made on Wednesday after the results of its meeting. The euro fell: EUR/USD dropped 0.10% to 1.2400.
Mitglied seit Apr 08, 2014
1141 Posts
Feb 02, 2018 at 10:22
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Wednesday’s high, which suggests a strong bullish momentum. However, it is at all times high so caution to the upside is advised.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily support at 1.2432, the 10-day moving average at 1.2410 (support), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily support at 1.2432, the 10-day moving average at 1.2410 (support), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
"I trade to make money not to be right."
Mitglied seit Jan 02, 2018
32 Posts
Feb 02, 2018 at 12:13
Eurusd to break 1.25 level and sideways for this quarter atleast.
Make consistent profit
Mitglied seit Oct 02, 2014
909 Posts
Feb 02, 2018 at 16:34
I'm bearish on the pair for the mid term. Possible target 1.20.
Positivity
Mitglied seit Apr 08, 2014
1141 Posts
Feb 05, 2018 at 10:05
On the last Friday’s session, the EURUSD initially fell with a narrow range but found enough support near the 10-day moving average to trim half of its losses and closed in the middle of the daily range, in addition the currency pair managed to close within Thursday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily support at 1.2432, the 10-day moving average at 1.2427 (support), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily support at 1.2432, the 10-day moving average at 1.2427 (support), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
"I trade to make money not to be right."
Mitglied seit Apr 08, 2014
1141 Posts
Feb 06, 2018 at 09:41
On yesterday session, the EURUSD initially rose with a narrow range but found enough selling pressure to trim all of its gains and closed near the low of the day, in addition managed to close below Friday’s low, which suggests a strong bearish momentum.
The currency pair closed below the 10-day moving average that should provide dynamic resistance however is trading above the 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2421 (resistance), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
The currency pair closed below the 10-day moving average that should provide dynamic resistance however is trading above the 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2421 (resistance), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
"I trade to make money not to be right."
Mitglied seit Jan 12, 2018
2 Posts
Feb 07, 2018 at 06:38
The EUR/USD is trading flat shortly before the U.S. opening. The Forex pair is also trading inside Friday’s range which suggests investor indecision and impending volatility. Traders may be digesting Friday’s U.S. Non-Farm Payrolls report which drove up U.S. interest rates, making the dollar a more attractive investment
Based on the early price action, the direction of the EUR/USD today is likely to be determined by trader reaction to the pivot at 1.2435.A sustained move over 1.2435 will indicate the presence of buyers. This could drive the EUR/USD into a pair of Gann angles at 1.2494 and 1.2502.Overtaking 1.2502 could trigger a rally into 1.2537 then 1.2597.A sustained move under 1.2435 will signal the presence of sellers. This could drive the EUR/USD into a pair of uptrending Gann angles at 1.2200
Based on the early price action, the direction of the EUR/USD today is likely to be determined by trader reaction to the pivot at 1.2435.A sustained move over 1.2435 will indicate the presence of buyers. This could drive the EUR/USD into a pair of Gann angles at 1.2494 and 1.2502.Overtaking 1.2502 could trigger a rally into 1.2537 then 1.2597.A sustained move under 1.2435 will signal the presence of sellers. This could drive the EUR/USD into a pair of uptrending Gann angles at 1.2200
Mitglied seit Apr 08, 2014
1141 Posts
Feb 07, 2018 at 08:02
On yesterday session, the EURUSD went back and forward without any clear direction, and closed in the middle of the daily range, in addition managed to close within Mondays’ 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 trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2415 (resistance), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2415 (resistance), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
"I trade to make money not to be right."
Feb 07, 2018 at 09:24
The single currency recorded a volatile session against the dollar on Tuesday. Finally, the opening price was close to the closing price of 1.2366 and 1.2375, respectively. At first the bullish moods prevailed, but after reaching peak at 1.2433 the direction changed. So the difference between the highest and the lowest value for the day was 120 pips. Meanwhile, support at 1.2332 was broken.
Mitglied seit Sep 12, 2015
1948 Posts
Feb 07, 2018 at 12:38
I will wait for round trip to complete itself back to 23200 area,Longs might start getting interested at this level,breakout through that support would make sense.
"They mistook leverage with genius".
forex_trader_202857
Mitglied seit Aug 07, 2014
129 Posts
Feb 07, 2018 at 15:31
still bearish , even a 100pips correction will not change my opinion , till 1.2514
Feb 07, 2018 at 15:33
There has only been 2 bearish months out of the last 10 months which caused a 2000 pips appreciation.
Now we can see that the price is pretty stuck with a falling trendline and probably a false breakout of 200EMA.
Given the optimistic NFP data last Friday and things seemed to be moving towards another 3 rate hikes (or more) this year, dollar is weak enough for a good recovery while the Euro has recovered enough to tank some losses.
There was a rising trend channel based on H4 chart, but has already been broken below and since then, price has dropped a good 130 pips.
I believe that price has its potential to fall all the way back to sentimental price 1.20.
Now we can see that the price is pretty stuck with a falling trendline and probably a false breakout of 200EMA.
Given the optimistic NFP data last Friday and things seemed to be moving towards another 3 rate hikes (or more) this year, dollar is weak enough for a good recovery while the Euro has recovered enough to tank some losses.
There was a rising trend channel based on H4 chart, but has already been broken below and since then, price has dropped a good 130 pips.
I believe that price has its potential to fall all the way back to sentimental price 1.20.
One wave at a time
Mitglied seit Apr 08, 2014
1141 Posts
Feb 08, 2018 at 09:50
On the last Friday’s session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Tuesdays’ low, which suggests a strong bearish momentum.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2383 (resistance), a daily resistance at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2383 (resistance), a daily resistance at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
"I trade to make money not to be right."
Mitglied seit Dec 10, 2017
210 Posts
Feb 08, 2018 at 15:07
Euro/dollar had a significant momentum down yesterday, breaking down the range. Expectations are bearish to test support 1.2175. Short-term resistance is 1.2300/30. A clear break below this level may take the price to a neutral trading region and the direction will become obscure. Major technical outlook remains upward, but a clear break and daily closure below 1.2175 may lead to a deeper downward correction to test the trendline support. On the upside, a break above 1.2537 is needed to resume the main bullish trend.
Mitglied seit Apr 08, 2014
1141 Posts
Feb 09, 2018 at 09:55
On yesterday session, the EURUSD went back and forward without any clear direction, and closed near in the middle of the daily range, in addition 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 trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2372 (resistance), a daily resistance at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2372 (resistance), a daily resistance at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
"I trade to make money not to be right."
Mitglied seit Oct 02, 2014
909 Posts
Feb 09, 2018 at 10:49
Interesting to see what the next week brings. I'm bullish on USD.
Positivity
Mitglied seit Dec 10, 2017
210 Posts
Feb 11, 2018 at 06:59
On Friday, the US dollar moved to growth against other major currencies after the US Congress voted for an agreement on the parameters of the federal budget for the next two years, ending a short suspension of the government.
The euro remained stable: the pair EUR/USD slightly fluctuated at position 1.2242.
The euro remained stable: the pair EUR/USD slightly fluctuated at position 1.2242.
Mitglied seit Apr 08, 2014
1141 Posts
Feb 12, 2018 at 09:39
On the last Friday’s session, the EURUSD went back and forward without any clear direction, and closed near in the middle of the daily range, in addition managed to close within Thursday’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 trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2342 (resistance), a daily resistance at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2342 (resistance), a daily resistance at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
"I trade to make money not to be right."
