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EUR/USD
Miembro desde Apr 08, 2014
posts 1141
Feb 04, 2015 at 10:55
Miembro desde Apr 08, 2014
posts 1141
EURUSD rose during yesterday session to a daily resistance zone at 1.1460. However, this is an area that begins a cluster of resistance up to the 1.1557 level. A break above the 1.1557 could trigger an upward move to 1.1752 the next daily resistance zone.
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
Feb 04, 2015 at 14:28
Miembro desde Jul 10, 2014
posts 1117
EUR/USD reached the resistance level at 1.1530 and formed a shooting star candlestick right under the resistance in the 4-hour filter chart. I think it will keep dropping until it reaches target 1.1370 and then the range from the past week will resume. That said, I am curious to see what effect the US Non-farm Payrolls will have on the pair on Friday.
forex_trader_202879
Miembro desde Aug 07, 2014
posts 406
Feb 04, 2015 at 14:51
Miembro desde Aug 07, 2014
posts 406
It would appear that EU will stay flat here before the news is released. Most people have entered back into a sell position which is clear a trap for all of those who lack the ability of reading price action. Your best position would be to BUY EU once the BID closes across the price of 1.14614 on the 5m chart. If you are still holding a sell after that price is engulfed then you will feel the wrath of the bull's price action.
Miembro desde Jun 08, 2014
posts 454
Miembro desde Nov 21, 2011
posts 1718
Feb 04, 2015 at 21:36
Miembro desde Nov 21, 2011
posts 1718
Miembro desde Apr 14, 2014
posts 230
Miembro desde Nov 12, 2010
posts 174
Feb 05, 2015 at 07:31
Miembro desde Jun 07, 2011
posts 372
EUR/USD raced higher on Tuesday, breaking above the near-term downtrend line.
Yesterday’s rally confirmed the upside corrective move we expected.
At the daily chart, we see that the price suggests a downtrend.
EUR/USD is printing lower peaks and lower troughs below both the 50- and the 200-day moving averages.
The 14-day RSI edged higher after exiting its oversold territory, and MACD moved above its trigger line.
R3 - 1.16008
R2 - 1.15424
R1 - 1.14317
Daily Std. Pivot - 1.13733
S1 - 1.12626
S2 - 1.12042
S3 - 1.10935
Yesterday’s rally confirmed the upside corrective move we expected.
At the daily chart, we see that the price suggests a downtrend.
EUR/USD is printing lower peaks and lower troughs below both the 50- and the 200-day moving averages.
The 14-day RSI edged higher after exiting its oversold territory, and MACD moved above its trigger line.
R3 - 1.16008
R2 - 1.15424
R1 - 1.14317
Daily Std. Pivot - 1.13733
S1 - 1.12626
S2 - 1.12042
S3 - 1.10935
Miembro desde Nov 12, 2010
posts 174
Miembro desde Apr 08, 2014
posts 1141
Feb 05, 2015 at 11:03
Miembro desde Apr 08, 2014
posts 1141
EURUSD fell during the course of yesterday session after reaching a daily resistance. The pair is still trading above the 10-day moving average and should stay in range bound trading until Friday waiting for the NFP data.
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
Feb 05, 2015 at 17:00
Miembro desde Jul 10, 2014
posts 1117
honeill posted:
EURUSD fell during the course of yesterday session after reaching a daily resistance. The pair is still trading above the 10-day moving average and should stay in range bound trading until Friday waiting for the NFP data.
I agree, the pair is still testing the resistance at 1.1470, but it is unlikely to break above it before the Non-Farm Payrolls tomorrow.
Feb 05, 2015 at 17:21
Miembro desde Apr 09, 2014
posts 834
victoriajensen posted:honeill posted:
EURUSD fell during the course of yesterday session after reaching a daily resistance. The pair is still trading above the 10-day moving average and should stay in range bound trading until Friday waiting for the NFP data.
I agree, the pair is still testing the resistance at 1.1470, but it is unlikely to break above it before the Non-Farm Payrolls tomorrow.
I guess you are right, I don't think we will have any breakout today.
Miembro desde Jun 08, 2014
posts 454
Miembro desde Apr 14, 2014
posts 230
Feb 06, 2015 at 09:25
Miembro desde Jun 07, 2011
posts 372
EUR / USD fell yesterday.
Remains active recovery scenario.
But the short-term momentum shows weak signals.
The RSI broke below its line up support and sank below its barrier 50.
The MACD rose and moved on its signal line.
R3 - 1.16163
R2 - 1.15502
R1 - 1.14472
Daily Std. Pivot - 1.13811
S1 - 1.12781
S2 - 1.12120
S3 - 1.11090
Remains active recovery scenario.
But the short-term momentum shows weak signals.
The RSI broke below its line up support and sank below its barrier 50.
The MACD rose and moved on its signal line.
R3 - 1.16163
R2 - 1.15502
R1 - 1.14472
Daily Std. Pivot - 1.13811
S1 - 1.12781
S2 - 1.12120
S3 - 1.11090
forex_trader_202879
Miembro desde Aug 07, 2014
posts 406
Feb 06, 2015 at 09:25
Miembro desde Aug 07, 2014
posts 406
victoriajensen posted:So much for your guess. Stop guessing and trade the price action. It never fails.honeill posted:
EURUSD fell during the course of yesterday session after reaching a daily resistance. The pair is still trading above the 10-day moving average and should stay in range bound trading until Friday waiting for the NFP data.
I agree, the pair is still testing the resistance at 1.1470, but it is unlikely to break above it before the Non-Farm Payrolls tomorrow.
forex_trader_202879
Miembro desde Aug 07, 2014
posts 406
Feb 06, 2015 at 09:26
Miembro desde Aug 07, 2014
posts 406
bestdarngood posted:
1.13 is providing support but I believe that we will break through it overnight and head to 1.12. Long term, parity is still in view. Within the month I expect 1.09-1.10 being hit
Well we see how good your guessing is. EU is now heading to 1.15 and NFP tomorrow should finish you bias bears off tomorrow.
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