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EUR/USD
Miembro desde Jan 14, 2010
posts 2299
Feb 07, 2016 at 09:57
Miembro desde Jan 14, 2010
posts 2299
Momentum clearly is to upside now. at least it is not whale on the beach anymore. There is clear upside potential but not all resistance is broken and the pair is still in down trend. so. here what i am thinking.
daily:
https://www.mql5.com/en/charts/4594727/eurusd-d1-ava-financial-ltd
Long trade should be approached form 6-8 h TF.
still need to wait how price action on 6-8h chart will play out
area of interest is 1.0968 to 1.1070 roughly speaking
https://www.mql5.com/en/charts/4594727/eurusd-d1-ava-financial-ltd
and this should be had in mind. it is just consolidation on monthly and weekly. still can go to parity.
https://www.mql5.com/en/charts/4594741/eurusd-mn1-ava-financial-ltd
Current overall bias is long but patience is needed.
daily:
https://www.mql5.com/en/charts/4594727/eurusd-d1-ava-financial-ltd
Long trade should be approached form 6-8 h TF.
still need to wait how price action on 6-8h chart will play out
area of interest is 1.0968 to 1.1070 roughly speaking
https://www.mql5.com/en/charts/4594727/eurusd-d1-ava-financial-ltd
and this should be had in mind. it is just consolidation on monthly and weekly. still can go to parity.
https://www.mql5.com/en/charts/4594741/eurusd-mn1-ava-financial-ltd
Current overall bias is long but patience is needed.
Feb 08, 2016 at 07:43
Miembro desde May 01, 2015
posts 675
EUR/USD recorded a decline on Friday. The session started at 1.1206 and the euro lost 54 pips after the US NFP report proved weaker than expected. Daily extreme values were reached respectively at 1.1243 and 1.1109. If the downward trend continues, the euro will reach the support at 1.1100.
Miembro desde Apr 08, 2014
posts 1141
Feb 08, 2016 at 08:44
Miembro desde Apr 08, 2014
posts 1141
On the last Friday’s session the EURUSD tried to rally but found enough resistance at 1.1237 to reverse and closed in the red, near the low of the day, however managed to close within the previous day range, suggesting a weak bearish momentum.
The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0961 (support) and the 50-day moving average at 1.0909 (support).
The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0961 (support) and the 50-day moving average at 1.0909 (support).
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
Feb 08, 2016 at 15:45
(editado Feb 08, 2016 at 15:57)
Miembro desde Jul 10, 2014
posts 1117
The pair reached the support at 1.1086, formed a hammer candlestick on the one-hour time frame and started moving to the upside again. It's currently testing the resistance at 1.1140 and a breakout above that level would mean that it will likely continue climbing towards 1.1180 - 1.1200.
Miembro desde Jun 08, 2014
posts 454
Feb 09, 2016 at 08:44
Miembro desde May 01, 2015
posts 675
The single currency recorded an increase against the US dollar on Monday. After a volatile session, the euro added 51 pips at a closing price of 1.1192 points. The pair bounced from support at 1.1100 and headed up. If the upward trend continues, the pair will test the first resistance at 1.1286.
Miembro desde Apr 08, 2014
posts 1141
Feb 09, 2016 at 08:46
Miembro desde Apr 08, 2014
posts 1141
Yesterday the EURUSD initially fell but found enough support at 1.1097 to turn around and close near the high of the day, however closed within the previous day range, suggesting a weak bullish momentum.
The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 10-day moving average at 1.1045 (support), the 200-day moving average at 1.1026 (support), and the 50-day moving average at 1.0923 (support).
The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 10-day moving average at 1.1045 (support), the 200-day moving average at 1.1026 (support), and the 50-day moving average at 1.0923 (support).
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
Feb 09, 2016 at 17:34
Miembro desde Jul 10, 2014
posts 1117
The move to the upside continues, the pair will likely reach 1.1400 soon and I think it's possible it will reach 1.1500 too in the foreseeable future.
Miembro desde Jun 08, 2014
posts 454
Feb 09, 2016 at 23:56
Miembro desde Apr 09, 2014
posts 834
victoriajensen posted:
The move to the upside continues, the pair will likely reach 1.1400 soon and I think it's possible it will reach 1.1500 too in the foreseeable future.
I agree, the rally could extend further to the next handle at 1.1460, but in the short term upside movement seems has lost its strength and currently correcting around 1.1280/90.
Miembro desde Oct 11, 2013
posts 775
Feb 10, 2016 at 08:29
Miembro desde May 01, 2015
posts 675
The single currency recorded a second consecutive positive session on Tuesday. After a volatile trading day, the euro added 99 pips at a closing price of 1.1291. The graphics continue to develop over moving averages, while the index of relative strength remained on neutral territory. The outlook remain in favor of the bulls, but for further gains is needed a break of levels at 1.1363.
Feb 10, 2016 at 09:50
Miembro desde Nov 16, 2015
posts 708
The single currency reached a 3-month high against the US dollar, climbed to 1.1292 an increase of 0.92% for the day. The daily range was between 1.1162 and 1.1338, which is the highest level of the euro from October 21 onwards. For the past 12 sessions, this is the 10th in which the euro rises since the beginning of the year, the single currency has risen by about 4.5 percent against the dollar.
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