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EUR/USD
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honeill

Member Since Apr 08, 2014  1048 posts Hugo O'Neill (honeill) Feb 28 2017 at 09:43
On yesterday session, the EURUSD initially tried to rally but found enough resistance at 1.0622 to give most of its gains to the market but still managed to close in the green, in the middle of the daily range, in addition closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0636 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0589 (resistance) and a daily support at 1.0462.

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

Member Since Feb 12, 2016  518 posts Baldo (BaldoN) Feb 28 2017 at 10:11
Hello,
EUR/USD - My expectation for today - long with target around 1.0610/15 (currently 1.0590)

besttools

Member Since Jun 21, 2016  898 posts bestools (besttools) Feb 28 2017 at 11:23

In terms of technicals, the pair finds the immediate resistance 1.0633 (5-day highs). A break beyond the last, doors will open for a test of 1.0638 (50-DMA) and from there to 1.0682 (Feb 16 high). On the flip side, the immediate support is placed at 1.0520 (Jan 6 low) below which 1.0500 (psychological levels) and 1.0478 (Jan 5 low) could be tested.

snapdragon1970

Member Since Sep 12, 2015  1843 posts kieran (snapdragon1970) Feb 28 2017 at 11:26
On the 4hr chart still looks like an up trend, nice trade on eur/jpy this morning.

"Mistakes are the portals of discovery",James Joyce.
victoriajensen

Member Since Jul 10, 2014  1041 posts victoriajensen Feb 28 2017 at 12:42
EUR/USD is caught in a tight consolidation between 1.0560 and 1.0620. I doubt there will be any changes before the fundamentals today.

nivkyy

Member Since Nov 13, 2016  10 posts nivkyy Feb 28 2017 at 13:12
Right now the trend is usually upward. Let's hopefully continue like this and close with a few pips higher.

snapdragon1970

Member Since Sep 12, 2015  1843 posts kieran (snapdragon1970) Feb 28 2017 at 13:41
nivkyy posted:
Right now the trend is usually upward. Let's hopefully continue like this and close with a few pips higher.

News or data can change that at anytime

"Mistakes are the portals of discovery",James Joyce.
stian

Member Since Nov 14, 2015  308 posts stian Feb 28 2017 at 13:43
It has been neutral in a somewhat 30 pip range. It is largely political moves, not data. Eyes on Trump.

Darkdevil2000

Member Since Feb 16, 2017  5 posts Darkdevil2000 Feb 28 2017 at 14:45
America have finished to run. It needs to destroy Euro and Europe, and will do it with every possible arms, political, financial and Usd war.

snapdragon1970

Member Since Sep 12, 2015  1843 posts kieran (snapdragon1970) Feb 28 2017 at 15:22
stian posted:
It has been neutral in a somewhat 30 pip range. It is largely political moves, not data. Eyes on Trump.

I think the Trump move already priced in.

"Mistakes are the portals of discovery",James Joyce.
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