EUR/USD
Membre depuis Apr 08, 2014
posts 1141
Mar 28, 2016 at 08:46
On the last Friday’s session the EURUSD fell but with a narrow range and closed near the low of the day, however closed within the previous day range, suggesting a weak bearish momentum.
The pair is trading below the 10-day moving average that is acting as a dynamic resistance, however is still above the 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The previous swing high at 1.1342 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1215 (resistance), a daily support at 1.1097, and the 50 day moving average at 1.1092.
The pair is trading below the 10-day moving average that is acting as a dynamic resistance, however is still above the 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The previous swing high at 1.1342 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1215 (resistance), a daily support at 1.1097, and the 50 day moving average at 1.1092.
"I trade to make money not to be right."
Mar 28, 2016 at 11:01
The dollar rose against major rivals on the last day of the week as market liquidity remained low, as most markets were closed for Easter. The euro weakened against the dollar, shielding the session at 1.1164, slightly lower than the previous day.
Mar 28, 2016 at 11:01
Morgan Stanley analysts point to two reasons for the rising of the euro. First, last year foreign investors have cut the rate of currency hedging in debt instruments in euros, reinforcing the upward pressure on the currency. Second, over the past few months accelerate the process of diversification of foreign exchange reserves in favor of the euro.
Membre depuis Jul 10, 2014
posts 1117
Mar 28, 2016 at 18:03
EUR/USD finally bounced off 1.1150, but it also formed a shooting star candlestick on the four-hour time-frame, so it might start falling again.
Membre depuis Mar 28, 2016
posts 93
Mar 29, 2016 at 06:10
The EURUSD had a bearish momentum last week. Price slipped above the trend line resistance but closed back below the trend line resistance created a false breakout bearish scenario as you can see on my H1 chart below. The bias remains bearish in nearest term testing 1.1100 – 1.1065 region. Immediate resistance is seen around 1.1220. A clear break above that area could lead price to neutral zone in nearest term retesting the trend line resistance and 1.1280 – 1.1300 region
Membre depuis Apr 08, 2014
posts 1141
Mar 29, 2016 at 08:09
Yesterday EURUSD rose with a wide range and closed near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.
However the pair did not had the strength to close above the 10-day moving average that is acting as a dynamic resistance, however is still above the 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The previous swing high at 1.1342 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1205 (resistance), the 50 day moving average at 1.1110 and daily support at 1.1097.
However the pair did not had the strength to close above the 10-day moving average that is acting as a dynamic resistance, however is still above the 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The previous swing high at 1.1342 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1205 (resistance), the 50 day moving average at 1.1110 and daily support at 1.1097.
"I trade to make money not to be right."
Mar 29, 2016 at 13:41
The EUR/USD is trading higher today due to support level reached yesterday. The pair made a high of 1.1225 and is currently trading at 1.1215. Please be aware that we have important statement from FED's Chairman Janet Yellen in less than a couple of hours.
Membre depuis Jul 10, 2014
posts 1117
Mar 29, 2016 at 15:06
EUR/USD is currently testing 1.1170 again, but it likely won't have a clear direction before Yellen's speech.
Mar 30, 2016 at 05:59
The euro recorded a second consecutive increase against the dollar on Tuesday. The growth of the single currency was significant and came suddenly before the end of the session. As a result, resistance at 1.1244 has been overcome. If the bullish trend continue in the future, the pair will test the key level at 1.1343.
Mar 30, 2016 at 06:22
victoriajensen posted:
EUR/USD is currently testing 1.1170 again, but it likely won't have a clear direction before Yellen's speech.
And Janet did not let you down Victoria; you were totally right.
Now we have to see if this strong push high will continue tomorrow or freeze until friday.
Membre depuis Apr 08, 2014
posts 1141
Mar 30, 2016 at 08:33
Yesterday EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.
The pair closed well above the 10-day moving average also is above the 50 and the 200-day moving averages that are acting as dynamic support.
The recent EURUSD rally is in speculation that the Fed will not raise rates in April but all can change on Friday as the US prepares to release the non-farm payrolls numbers.
The key levels to watch are: A daily resistance at 1.1456, the 2016 high at 1.1376 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1223 (support) and the 50 day moving average at 1.1122.
The pair closed well above the 10-day moving average also is above the 50 and the 200-day moving averages that are acting as dynamic support.
The recent EURUSD rally is in speculation that the Fed will not raise rates in April but all can change on Friday as the US prepares to release the non-farm payrolls numbers.
The key levels to watch are: A daily resistance at 1.1456, the 2016 high at 1.1376 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1223 (support) and the 50 day moving average at 1.1122.
"I trade to make money not to be right."
Mar 30, 2016 at 10:39
The EUR/USD is trading higher in today's session after it became clear that Janet Yellen is not going to raise rates next month. Traders and investors read her commentaries as bearish for the dollar and the pair surged to 1.1250 mid-event. Early this morning the EUR/USD made a high of 1.1330, first resistance and is now trading at 1.1312.
Membre depuis Oct 02, 2014
posts 909
Mar 30, 2016 at 12:48
1.1330 immediate resistance.
Positivity
forex_trader_249603
Membre depuis May 13, 2015
posts 83
Mar 30, 2016 at 14:27
Yesterday the FED chair Yellen appeared at a conference in New York where she held a speech. The market was expecting her to drop some of the bearish comments that she made in the FOMC statement two weeks ago, but she stuck to them.
Basically the second wave of USD is happening now
Basically the second wave of USD is happening now
Membre depuis Jul 10, 2014
posts 1117
Mar 30, 2016 at 15:42
EUR/USD bounced off the resistance at 1.1370, but I think it will reach at least 1.1400 eventually.
