EUR/USD
Mitglied seit Apr 14, 2014
230 Posts
Jun 17, 2014 at 19:34
I guess no one want to risk before FOMC now.
Mitglied seit Oct 11, 2013
775 Posts
Jun 18, 2014 at 00:32
FOMC statement awaiting on the EURUSD, but who knows if it will really make the pair take a decisive direction.
Mitglied seit Apr 08, 2014
1141 Posts
Jun 18, 2014 at 08:53
alexforex007 posted:
FOMC statement awaiting on the EURUSD, but who knows if it will really make the pair take a decisive direction.
I fully agree with you alex. Today we have the Fed Interest Rate Decision and Fed's Monetary Policy Statement and press conference may influence the volatility of the pair and set the tone for the rest of the month.
"I trade to make money not to be right."
Mitglied seit Oct 11, 2013
775 Posts
Jun 19, 2014 at 02:05
Unfortunately it was a big disappointment for the pair and it does not want to break above the 1.3600. Lets see how it behaves for the rest of the week.
Mitglied seit Jun 08, 2014
454 Posts
Jun 19, 2014 at 06:30
the fed bank kept the interest rate with no change EURUSD found new high for the week resistance level at 1.3590 is strong and is keeping the price from making new high
Mitglied seit Apr 08, 2014
1141 Posts
Jun 19, 2014 at 09:32
I can see a EURUSD consolidating in a wide range it’s very possible that the summer range could be between the 1.35 level on the bottom, and the 1.37 level on the top. Good for short-term trades.
"I trade to make money not to be right."
Mitglied seit Jun 03, 2010
696 Posts
Jun 19, 2014 at 18:08
honeill posted:
I can see a EURUSD consolidating in a wide range it’s very possible that the summer range could be between the 1.35 level on the bottom, and the 1.37 level on the top. Good for short-term trades.
For now there is even problem with pass 1.3640 . After test it goes down to 1.6000
PAMM MANAGER // Professional Fund Manager
Mitglied seit Jun 08, 2014
454 Posts
Jun 19, 2014 at 20:46
i can see a double top on the 1 hour and 30 minutes frames i guess price is going to test 1.36 levels support
Mitglied seit Oct 11, 2013
775 Posts
Jun 19, 2014 at 22:34
The 200 Day EMA has been a very good resistance for this pair and the 1.3600 level may become support now that the price is above it.
Mitglied seit Apr 14, 2014
230 Posts
Jun 19, 2014 at 23:45
Eurusd held above 1.36 level today, let's see if 1.36 acts as support now.
Mitglied seit Apr 08, 2014
1141 Posts
Jun 20, 2014 at 09:14
peeterwoolf posted:A warning to the Short skippers, EURUSD broke through the 1.36 level to the upside, dangerously close to levels that could spark a short squeeze in positions implemented post-ECB announcement.
Eurusd held above 1.36 level today, let's see if 1.36 acts as support now.
"I trade to make money not to be right."
Mitglied seit Jun 08, 2014
454 Posts
Jun 20, 2014 at 12:42
i think 1.36 level will not be strong support now im more worried about 1.3585 support
Mitglied seit Oct 11, 2013
775 Posts
Jun 21, 2014 at 01:21
Another close around the 1.3600, the EURUSD can go in any direction, volatility has come down to seven year lows. Amazing.
Mitglied seit Apr 08, 2014
1141 Posts
Jun 23, 2014 at 13:22
EURUSD tried to rise up from support early in the week, rising on the weakness of the US dollar. However, the euro has issues of its own (ECB) and the pair eventually dropped back to support. Sell the rallies but be aware US housing data that lies ahead.
Current range: 1.3585 to 1.3650.
Current range: 1.3585 to 1.3650.
"I trade to make money not to be right."
Mitglied seit Jun 08, 2014
454 Posts
Jun 24, 2014 at 06:46
again 1.3550 proved to be strong support line price failed to break under it and pushed back to 1.36 levels but until now no trend is decided yet i hope soon we can see a better range on the price
Mitglied seit Apr 08, 2014
1141 Posts
Jun 24, 2014 at 09:50
The EURUSD went back and forth on Monday, essentially settling nothing as we continue to hang about the 1.3600 level but made an inside day. A break above yesterday’s high could send the pair strait up to 1.3650.
"I trade to make money not to be right."
