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EUR/USD
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honeill

Member Since Apr 08, 2014  1048 posts Hugo O'Neill (honeill) Jan 05 2017 at 09:31
On yesterday session, the EURUSD rose with a narrow range and managed to close near the high of the day, however closed within previous day range, which suggests being slightly on the bullish side of neutral.

The currency pair closed above the 10-day moving average that should act as a dynamic support but continues to trade below the 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, a daily support at 1.0462, the 10-day moving average at 1.0458 (support) and a new multi-year low at 1.0340 (support).

"I trade to make money not to be right." |
victoriajensen

Member Since Jul 10, 2014  1041 posts victoriajensen Jan 05 2017 at 12:25
EUR/USD bounced off the resistance at 1.0570 after forming a hanging man candlestick on the one-hour time-frame and it's currently testing the support at 1.0480. A breakout below that level will likely lead to a further move to the downside towards 1.0450.

deresel

Member Since Nov 16, 2015  637 posts deresel Jan 05 2017 at 20:27
Key levels to watch for:
Support: 1.0337; 1.0282;
Resistance: 1.0537; 1.0652.

FXWES

Member Since May 01, 2015  675 posts FXWES Jan 06 2017 at 06:27
Fed’s minutes presented high uncertainty and set the US dollar under selling pressure. The EUR/USD pair hit highest level for the week at 1.0614. The trend remains bullish in the short-term with next target 1.0652.

stian

Member Since Nov 14, 2015  308 posts stian Jan 06 2017 at 08:55
Eyes on payroll data today.

honeill

Member Since Apr 08, 2014  1048 posts Hugo O'Neill (honeill) Jan 06 2017 at 09:20
On yesterday session, the EURUSD rose with a wide range and closed near the high of the day, in addition managed to close above previous day high, which suggests a strong bullish momentum.

The currency pair trades above the 10-day moving average that should act as a dynamic support but continues to trade below the 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0475 (support), a daily support at 1.0462 and the 2017 low at 1.0340 (support).

"I trade to make money not to be right." |
rosentray

Member Since Feb 24, 2016  277 posts rosentray Jan 06 2017 at 10:55
EUR/USD is trading relatively unchanged today as traders are waiting on the latest NFP and jobs report later today. The pair is now 1.0603. High volatility is expected in less than 3 hours.

victoriajensen

Member Since Jul 10, 2014  1041 posts victoriajensen Jan 06 2017 at 13:19
EUR/USD is stuck in a relatively tight range between 1.0570 and 1.0615, consolidating before the news. All eyes are on the NFP now.

FXWES

Member Since May 01, 2015  675 posts FXWES Jan 06 2017 at 20:02
The NFP data showed weaker than expected numbers and the EUR/USD pair immediately was seen uplifted. The pair marked high at 1.0622 but shortly afterwards retreated as focus was set on the increase on wages. The current market price is 1.0533.

arigoldman

Member Since Oct 02, 2014  833 posts Ari Goldman (arigoldman) Jan 07 2017 at 14:59
Bearish on the pair.

Positivity
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RBA Meeting's Minutes (45 min)
When are the RBA minutes and how might t...(6 min ago)
EURUSD 1.15276 GBPUSD 1.28205
USDJPY 109.845 USDCAD 1.30277

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