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idimitrov
May 07 2016 at 09:56
posts 421
Euro/dollar attempted to push higher yesterday, topped at 1.1616 but tumbled down then and closed lower at 1.1499. The bias is bearish for test of 1.1400. Immediate resistance is at 1.1550, whose breach could lead price to neutral zone with re-testing 1.1616
HalleyFX
May 07 2016 at 09:57
posts 83
aeronthomas posted:
lengkai posted:
Despite the bad NFP result, the pair is still pulling down. Strong sentimental?
I wondered the same... I suppose wages grew 0.3% but that was expected and unemployment was also as expected so can't see how this was a good result, very unlikely June rate rise will happen, although the 4 fed officials did talk up chance of that this week, still 'live' meeting etc.

NFP missed, the USD went higher
The US non-farm payrolls were expected at around 200k but they missed and posted 160k. The participation rate fell by 0.2% which held the unemployment rate steady at 5.0%, otherwise it would have ticked up two points. I agree that very unlikely a rate rise will happen in June.
idimitrov
May 07 2016 at 09:58
posts 421
Euro/dollar attempted to push higher yesterday, topped at 1.1616 but tumbled down then and closed lower at 1.1499. The bias is bearish for test of 1.1400. Immediate resistance is at 1.1550, whose breach could lead price to neutral zone with re-testing 1.1616
Ari Goldman (arigoldman)
May 07 2016 at 19:17
posts 909
Short on the short-term.
Hugo ONeill (honeill)
May 09 2016 at 08:18
posts 1141
On the last Friday’s session the EURUSD initially rallied but found enough selling pressure at 1.1460 to turn around and close near the low of the day, however managed to close within the previous day range, being slightly on the bearish side of neutral.

The pair closed for the second consecutive time below the 10-day moving average that is acting as a dynamic resistance although is still trading above the 50 and the 200-day moving averages that act as a dynamic support.

The key levels to watch are: Year high at 1.1616, a daily resistance at 1.1556, other daily resistance at 1.1459, the previous swing high at 1.1398 (support) and the 50-day moving average at 1.1306 (support).
"I trade to make money not to be right."
FXWES
May 09 2016 at 09:10
posts 675
EUR/USD started the new week hovering around 1.14 as there are not enough incentives to push the pair into clear direction. Immediate resistance is seen at 1.14450 and 1.1470 levels. The support is located at 1.14 and if we witness a break, the pair might drop to 1.1340.
George (GeorgeDow)
May 09 2016 at 12:20
posts 68
FXWES posted:
EUR/USD started the new week hovering around 1.14 as there are not enough incentives to push the pair into clear direction. Immediate resistance is seen at 1.14450 and 1.1470 levels. The support is located at 1.14 and if we witness a break, the pair might drop to 1.1340.

I think your opinion is close to the truth. I see a possible fall even slightly below.
rosentray
May 09 2016 at 14:52
posts 277
EUR/USD is trading relatively unchanged in today's session gravitating around 1.14. Low volumes are partially due to no major events today as well as the lite impact caused by the latest NFP's and Unemployment rate.
victoriajensen
May 09 2016 at 15:15
posts 1117
Consolidation continued today and the pair is still testing 1.1400. If it breaks below it next target will be around 1.1350. On the other hand, if it bounces off the support it will likely start climbing towards 1.1500 or even 1.1600 again.
csc2009
May 09 2016 at 23:04
posts 834
Quiet day, lack of strength on both sides keep the pair in a tight range between 1.1415 to 1.1370.
deresel
May 10 2016 at 08:26
posts 708
The single currency fell slightly against the US dollar on Monday, trading volumes remained low throughout the day as investors looked for direction after disappointing employment data last week.
The pair moved between 1.1375 levels and 1.1419, before settling at 1.1382 for the day.
The economic calendar also failed to give clear direction to the currency since remained deprived of news that could influence the traders.
Hugo ONeill (honeill)
May 10 2016 at 08:33
posts 1141
Yesterday EURUSD tried to rise but found enough resistance to reverse and close near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.

The pair is trading below the 10-day moving average that is acting as a dynamic resistance although is still trading above the 50 and the 200-day moving averages that act as a dynamic support.

The key levels to watch are: Daily resistance at 1.1556, other daily resistance at 1.1459, the 10-day moving average at 1.1435 (resistance), the 50-day moving average at 1.1315 (support) and a daily support at 1.1237.
"I trade to make money not to be right."
deresel
May 10 2016 at 08:33
posts 708
The decline in oil prices by more than 4 percent and weak data on the trade balance in China led to the growth of the US currency.
European currencies were less volatile and reported minimal losses against the dollar.
FXWES
May 10 2016 at 09:21
posts 675
EUR/USD did not make significant movement yesterday and again failed to conquer 1.14. The bias remains bearish in nearest term with a possible test of 1.1275 - 1.1200. First resistance is around 1.1430. A clear breakout beyond it, might take price to neutral trading zone for testing 1.1475 - 1.1500.
rosentray
May 10 2016 at 11:57
posts 277
EUR/USD is trading relatively unchanged since yesterday's session. The pair is gravitating around 1.1375-1.1385. The low volumes come from weak positions from both sides caused by no major events to shake up the markets.
victoriajensen
May 10 2016 at 15:27
posts 1117
EUR/USD reached 1.1350 as I thought it would but for now the range between 1.1350 and 1.1400 continues. The pair is testing 1.1400 again, a possible breakout above that level will likely lead to a further move to the upside towards 1.1450 - 1.1500.
alexforex007
May 10 2016 at 16:18
posts 775
The EURUSD may try to go back up, but if it visits the 1.1500 level, that level may act as resistance. to the downside, the 1.1300 may act as support.
FXWES
May 11 2016 at 06:01
posts 675
The euro marked a slight drop against the US dollar on Tuesday session. The short-term indicators remain in favor of the US currency. In this case the pair might test the support at 1.1309.
rosentray
May 11 2016 at 08:08
posts 277
EUR/USD appears to be caught in a range between 1.14 and 1.1360. Currently, the pair is trading at 1.1387. No major news are expected today so we might see a continuation of sideways trading.
Hugo ONeill (honeill)
May 11 2016 at 08:21
posts 1141
Yesterday EURUSD initially rose but found enough selling pressure to give back all its gains and closed in the red, near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.

The pair is trading below the 10-day moving average that is acting as a dynamic resistance although is still trading above the 50 and the 200-day moving averages that act as a dynamic support.

The key levels to watch are: Daily resistance at 1.1556, other daily resistance at 1.1459, the 10-day moving average at 1.1437 (resistance), the 50-day moving average at 1.1319 (support) and a daily support at 1.1237.
"I trade to make money not to be right."
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