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EUR/USD
Miembro desde Jul 10, 2014
posts 1117
Oct 18, 2016 at 14:05
Miembro desde Jul 10, 2014
posts 1117
The pair tested the resistance at 1.1020, formed a pair of doji candlesticks on the four-hour time-frame and bounced off that level. It's currently testing the support at 1.0980 but it will likely continue falling.
Miembro desde Apr 08, 2014
posts 1141
Oct 19, 2016 at 06:54
Miembro desde Apr 08, 2014
posts 1141
Yesterday the EURUSD tried to rallied but found enough selling pressure to quickly reverse and closed near the low of the day, however closed within the previous day range, which suggests being slightly on the bearish side of neutral.
The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1055 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.
The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1055 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.
"I trade to make money not to be right."
Oct 19, 2016 at 08:38
Miembro desde Feb 24, 2016
posts 277
EUR/USD is trading relatively unchanged since yesterday's calm levels around 1.10. The pair is now slightly below at 1.0995 and it seems to be consolidating ahead of market news and reports that will create volatility. Main trend remains bearish, expectations are in favor of the US dollar.
Miembro desde Jul 10, 2014
posts 1117
Oct 19, 2016 at 14:12
Miembro desde Jul 10, 2014
posts 1117
I agree, EUR/USD remains slightly bearish and is still testing the support at 1.0960 - 1.0950. I doubt there will be a breakout before the fundamentals tomorrow.
Miembro desde Apr 08, 2014
posts 1141
Oct 20, 2016 at 06:48
Miembro desde Apr 08, 2014
posts 1141
Yesterday the EURUSD went back and forward without any clear direction but closed in the red, in the middle of the daily range, furthermore closed within the previous day range, which suggests being clearly neutral, neither side is showing control.
The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1033 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.
The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1033 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.
"I trade to make money not to be right."
Oct 20, 2016 at 08:41
Miembro desde Nov 16, 2015
posts 708
The euro/dollar is still under pressure. Starting Wednesday near a strong psychological level of 1.1000, the pair attempted to break it in the morning. But at the end of trading in Europe, the euro quoted again downwards and at the beginning of the New York trading session reached the next support 1.0950.
Prior to the announcement of the Central Bank decision on interest rates currency pair is likely to remain between the levels of 1.0950 and 1.1000. Further dynamics of the tool depends on Draghi's statements. If the controller hints for renewal of QE program after March 2017, when the single European currency may come under a wave of selling. In this case, the price will rush down and reach 1.0900. Below Target of the sellers will be the levels 1.0850 and 1.0800.
In the case of growth, the euro/dollar will return to the level of 1.1000. Objectives of the buyers are 1.1060 and 1.1100.
Prior to the announcement of the Central Bank decision on interest rates currency pair is likely to remain between the levels of 1.0950 and 1.1000. Further dynamics of the tool depends on Draghi's statements. If the controller hints for renewal of QE program after March 2017, when the single European currency may come under a wave of selling. In this case, the price will rush down and reach 1.0900. Below Target of the sellers will be the levels 1.0850 and 1.0800.
In the case of growth, the euro/dollar will return to the level of 1.1000. Objectives of the buyers are 1.1060 and 1.1100.
Oct 20, 2016 at 12:05
Miembro desde Apr 09, 2016
posts 421
The euro was down against the US Dollar on Wednesday. By the closing of US trading EUR/USD was trading at 1.0974, shedding 0.05%. I believe that the support is now located at the level of 1.0955, the low of today's trading, and resistance is likely at the level of 1.1062 - Friday's high.
Miembro desde Jul 10, 2014
posts 1117
Oct 20, 2016 at 12:51
Miembro desde Jul 10, 2014
posts 1117
The ECB data is pushing EUR/USD to the upside. The pair is currently testing 1.1020, a breakout above that level will likely lead to a further move to the upside towards 1.1070, which coincides with (MA) on the four-hour time-frame.
Miembro desde Apr 08, 2014
posts 1141
Oct 21, 2016 at 06:47
Miembro desde Apr 08, 2014
posts 1141
Yesterday the EURUSD tried to rally but found enough resistance at the 10-day moving average to reverse and closed in the red, near the low of the day, furthermore closed below the previous day low, which suggests a strong bearish momentum.
The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: the 10-day moving average at 1.1007 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (resistance), a daily support at 1.0900 and another daily support at 1.0819.
The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: the 10-day moving average at 1.1007 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (resistance), a daily support at 1.0900 and another daily support at 1.0819.
"I trade to make money not to be right."
Miembro desde Mar 25, 2015
posts 74
Oct 23, 2016 at 11:36
Miembro desde Apr 09, 2016
posts 421
The euro was down against the US Dollar on Friday. By the close of US trading EUR/USD was trading at 1.0882, shedding 0.42%. I believe that the support is now located at the level of 1.0859, the low of Friday's trading, and resistance is likely at the level of 1.1041 - the maximum of Thursday.
Oct 24, 2016 at 07:20
Miembro desde May 01, 2015
posts 675
The euro marked a losing session against the dollar on Friday. The single currency declined for a second day and the pair tested the first support at 1.0849. If the bearish sentiment continues, the key level will be breached. Next support is located ta 1.0803, resistance is seen at 1.1040 and 1.1094.
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