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EUR/USD
Nov 09, 2016 at 08:23
Miembro desde Feb 24, 2016
posts 277
EUR/USD is trading unchanged at the moment at 1.1112. The price skyrocketed to a high of 1.13 when the initial results predicted a Trump victory. Now that he is President-elect markets have digested the news and price is back to normal. A classic buy the rumor, sell the fact scenario.
Miembro desde Apr 08, 2014
posts 1141
Nov 09, 2016 at 08:50
Miembro desde Apr 08, 2014
posts 1141
Yesterday the EURUSD fell with a narrow range and closed near the low of the day, in addition the pair managed to close below previous day low, which suggests a strong bearish momentum.
The pair closed below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: the 200-day moving average at 1.1195 (resistance), a Fibonacci retracement at 1.1181 (resistance), the 50-day moving average at 1.1097 (resistance), a daily support at 1.1097 and the 10-day moving average at 1.1047 (support).
The pair closed below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: the 200-day moving average at 1.1195 (resistance), a Fibonacci retracement at 1.1181 (resistance), the 50-day moving average at 1.1097 (resistance), a daily support at 1.1097 and the 10-day moving average at 1.1047 (support).
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
Nov 09, 2016 at 09:17
Miembro desde Jul 10, 2014
posts 1117
The election results caused a massive whipsaw on the EUR/USD pair. I expected the sharp move to the upside, but not so much the quick retracement. Either way, the pair is back under 1.1100 for now.
Miembro desde Mar 12, 2016
posts 29
Miembro desde Mar 25, 2015
posts 74
Miembro desde Mar 25, 2015
posts 74
Miembro desde Sep 12, 2015
posts 1948
Nov 09, 2016 at 14:24
Miembro desde Sep 12, 2015
posts 1948
Eur/Usd could retrace to 8500 or deeper, the market opens in 6 mins .
"They mistook leverage with genius".
Nov 10, 2016 at 06:06
Miembro desde May 01, 2015
posts 675
The euro marked negative session against the US dollar on Wednesday. After a volatile session the pair lost 116 pips and closed at 1.0908. The pair broke the first resistance at 1.1160 and bounced back from the second resistance at 1.1286. Later the direction reversed and the euro broke both supports located at 1.1160 and 1.0980. If the downward trend continues, next target is seen at 1.0815.
Nov 10, 2016 at 07:08
Miembro desde Nov 16, 2015
posts 708
On Wednesday, the dollar strengthend growth relative to other currencies as the US currency recovered from losses incurred on the background of the shocking news of the victory of Donald Trump in the presidential elections in the United States. The EUR/USD is now trading at 1.0939, down by 0.83%, falling from a two-month high at 1.1300.
Miembro desde Apr 08, 2014
posts 1141
Nov 10, 2016 at 07:49
Miembro desde Apr 08, 2014
posts 1141
Yesterday the EURUSD tried to rally but found enough resistance at 50% Fibonacci retracement to reverse and closed near the low of the day, in addition the pair managed to close below previous day low, which suggests a strong bearish momentum.
The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: Daily resistance at 1.1097, the 50-day moving average at 1.1090 (resistance), the 10-day moving average at 1.1041 (resistance), a daily support at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).
The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: Daily resistance at 1.1097, the 50-day moving average at 1.1090 (resistance), the 10-day moving average at 1.1041 (resistance), a daily support at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
Nov 10, 2016 at 10:31
Miembro desde Jul 10, 2014
posts 1117
EUR/USD continued moving to the downside and today it broke below 1.0900. The pair will likely continue dropping and its next target is probably at 1.0850, which is the previous low.
Miembro desde Sep 12, 2015
posts 1948
Nov 10, 2016 at 12:19
Miembro desde Sep 12, 2015
posts 1948
Its moving in a 500 point range waiting to break out ,looks like to the downside.
"They mistook leverage with genius".
Miembro desde Mar 25, 2015
posts 74
Nov 11, 2016 at 06:13
Miembro desde May 01, 2015
posts 675
The single currency recorded a modest decline against the US dollar on Thursday. The pair lost 19 pips to closing price of 1.0890. In the short-term the outlook remains bearsih, as the pair extends its decline below the moving averages. Technical indicator are showing oversold conditions. Support is seen at 1.0815 and resistance is placed at 1.0980 next at 1.1160.
Miembro desde Apr 08, 2014
posts 1141
Nov 11, 2016 at 08:14
Miembro desde Apr 08, 2014
posts 1141
Yesterday the EURUSD went back and forward without any clear direction although in the end managed to close in the red, near the low of the day, in addition the pair closed below previous day low, which suggests a strong bearish momentum.
The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1084 (resistance), the 10-day moving average at 1.1032 (resistance), a daily resistance at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).
The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1084 (resistance), the 10-day moving average at 1.1032 (resistance), a daily resistance at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).
"I trade to make money not to be right."
Nov 11, 2016 at 09:30
Miembro desde Apr 09, 2016
posts 421
The euro rose against the dollar on Friday. By the end of the Asian session, EUR/USD was trading at 1.0911, gaining 0.14%. I believe that the support is now located at the level of 1.0862, the low of Thursday, and resistance is likely at the level of 1.1300 - the maximum of Wednesday.
Miembro desde Jul 10, 2014
posts 1117
Nov 11, 2016 at 12:02
Miembro desde Jul 10, 2014
posts 1117
EUR/USD is still testing the support at 1.0870. Even if it breaks below that level I doubt it will fall below 1.0850 before the market closes today.
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