EUR/USD
May 25, 2017 at 10:24
Euro / dollar had a moderate upward movement yesterday, making a peak at 1.1220 and hit 1.1244 earlier this morning. The views remain up for testing on 1.1265. A clear break above this level may lead to future bulls testing for 1.1300 - 1.1350. The closest support is 1.1210, whose breakthrough can take the price to a neutral trading area with testing 1.1175. But as a whole, I stay in the Bulls camp and every downward pressure can be seen as a good opportunity to buy.
Miembro desde Jul 10, 2014
posts 1117
May 25, 2017 at 13:47
The fundamentals finally pushed EUR/USD to break out above the sideways consolidation it had begun above the support at 1.1175, but the move to the upside was rather short-lived because it formed a spinning top candlestick on the four-hour time-frame at 1.1250 and started falling. Next target is likely at the support at 1.1175 again.
Miembro desde Apr 08, 2014
posts 1141
May 26, 2017 at 07:32
On yesterday session, the EURUSD initially tried to rise but found enough resistance at 1.1237 to erase all its gains and closed near the low of the day, however managed to close within Wednesday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1180 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1180 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
"I trade to make money not to be right."
Miembro desde Oct 02, 2014
posts 909
May 27, 2017 at 15:24
I think a correction will follow this week with potential target around 1.10.
Positivity
May 29, 2017 at 04:41
The week begins with a holiday in USA, but later in the day the focus will be on Draghi’s speech. During the past week the EUR/USD was trading almost flat and in consolodation between 1.1150 and 1.1260. Friday are due the NFP numbers and may wxpect new direction for the pair.
May 29, 2017 at 06:11
The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1,1181, losing 0.26%. I believe that support is now at around 1.1160, Monday's low, and resistance is likely at 1.1268, Tuesday's high.
Miembro desde Apr 08, 2014
posts 1141
May 29, 2017 at 08:40
On the last Friday’s session the EURUSD initially rose with but found enough resistance at 1.1237 to trim all its gains and closed near the low of the day, in addition the currency pair managed to close below Thursday’s high, which suggests a strong bearish momentum.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1177 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1177 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
May 29, 2017 at 12:39
EUR/USD formed a double bottom at 1.1160 before moving to the upside again. Next target is likely at 1.1200.
Miembro desde Apr 08, 2014
posts 1141
May 30, 2017 at 08:59
On yesterday session, the EURUSD tried to rise but found enough selling pressure at the 10-day moving average to erase all its gains and closed near the low of the day, in addition the currency pair managed to close below Friday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1187 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1187 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
May 30, 2017 at 16:17
EUR/USD has almost reached 1.1200. Considering how bullish it is the move to the upside will likely continue towards 1.1230 - 1.1250 again.
May 31, 2017 at 05:36
EUR/USD was very close to the important 1.12 handle during the Asia session, but drifted lower and now entered in bearish consolidation. Today are due releases of German retails sales and Euroarea flash CPI, which can give fresh power to euro bulls.
May 31, 2017 at 05:56
The euro / dollar was tentative yesterday but traded lower earlier today, sliding under the EMA 200. Signals are descending to test the support at 1.1080, which remains a good area to place purchases with tight stops. The closest resistance is seen at 1.1160. A clear breakthrough and daily closure over it will cause further upward pressure on testing at 1.1200 - 1.1265. I still prefer a bullish scenario in this phase, but a clear break and daily closure below 1.1080 will open the doors to 1.0950 and will also activate my wait to see a new model.
Miembro desde Apr 08, 2014
posts 1141
May 31, 2017 at 10:15
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, however the currency pair closed within Monday’s range, which suggests being clearly neutral neither side is showing control.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1193 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1193 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
"I trade to make money not to be right."
May 31, 2017 at 11:26
The single currency recorded an increase against the US dollar on Tuesday. The euro opened at 1.1161 and the pair rebounded from support at 1.1130. Eventually, the currency pair ended at 1.1185 and if the upward trend continues, we can expect a break in the first resistance at 1.1280.
