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EUR/USD
Membre depuis Apr 08, 2014
posts 1141
Jul 28, 2015 at 09:13
Membre depuis Apr 08, 2014
posts 1141
Yesterday the EURUSD rallied and close near the high of the day with a wide range, although failed to close above the 50-day moving average. Due to the wide range day observed yesterday, we may expect that the currency today makes a narrow range or even create an inside day. Key levels to watch today are: the 50-day moving average (resistance) at 1.1114, a daily resistance at 1.1097, Fibonacci levels the 38.2% (support) at 1.1058 and the 50% (support) at 1.0955.
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Membre depuis Jun 08, 2014
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Membre depuis May 18, 2015
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Jul 29, 2015 at 06:33
Membre depuis May 18, 2015
posts 118
sherifFares posted:
EUR/USD in the daily chart is supported by the MVA 20 and the high of yesterday candle act as a resistance.
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Jul 29, 2015 at 07:58
Membre depuis May 01, 2015
posts 675
The single currency registered a decrease against the US dollar yesterday, which wiped out part of the accumulated advantage on Monday. The euro depreciated by nearly 30 pips to a closing price of 1.1058. The daily limit values were recorded respectively at 1.1099 and 1.1021. Despite the retreat of the currency pair, attitudes in the short term remain positive. Keeping the support at 1.1020 will confirm the corrective character of the movement.
Membre depuis Apr 08, 2014
posts 1141
Jul 29, 2015 at 09:35
Membre depuis Apr 08, 2014
posts 1141
Yesterday the EURUSD pair moved back and forward with lack of direction closing in the red near the open of the day with a narrow range day, creating an inside day. This type of day is often used to signal indecision about the future direction of the currency as the market waits for the Fed's Monetary Policy Statement later today.
"I trade to make money not to be right."
Membre depuis Jul 18, 2015
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Membre depuis Jul 10, 2014
posts 1117
Jul 29, 2015 at 15:24
Membre depuis Jul 10, 2014
posts 1117
EUR/USD bounced off the resistance at 1.1100 that coincides with the (89)MA on the daily filter chart and is descending towards the support at 1.0980. That said, the FOMC rate decision later today will probably provoke quite a bit of volatility on the market so nothing is certain.
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Jul 30, 2015 at 09:32
Membre depuis May 01, 2015
posts 675
The break below 1.1020 led to a new depreciation, as the support at 1.0925 has the potential to provoke reversion to new bullish wave towards 1.1216. The expectation here is a counter-trend, for reversion and a break of the critical 1.1080.
Membre depuis Apr 08, 2014
posts 1141
Jul 30, 2015 at 09:44
Membre depuis Apr 08, 2014
posts 1141
Yesterday EURUSD fell and close near the low of the day on a wide range day as the Federal Reserve indicated that interest rates could rise in the coming months, possibly as early as September, if the labor market continues to strengthen. Key levels to watch today are: the daily resistance at 1.1097, the 50% Fibonacci level (support) at 1.0955 and the 61.8% Fibonacci level (support) at 1.0860.
"I trade to make money not to be right."
Membre depuis Jul 10, 2014
posts 1117
Jul 30, 2015 at 17:23
Membre depuis Jul 10, 2014
posts 1117
EUR/USD finally broke below the support at 1.0980 visible on the daily filter chart. The pair will likely continue descending towards the previous low at 1.0800.
Membre depuis Jun 08, 2014
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