EUR/USD
Membre depuis Oct 02, 2014
posts 909
Oct 03, 2016 at 11:49
EUR/USD is trading in consolidation today as the pair seems to gravitate towards the 1.1230 level. Light volumes usually indicate that a move is either over or just accumulating new force to keep pushing in the same direction. First bull target 1.1280.
Positivity
Membre depuis Apr 08, 2014
posts 1141
Oct 04, 2016 at 06:28
Yesterday the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.
The pair closed below the 10 and 50-day moving average that should act as dynamic resistances and is still above the 200-day that is acting as dynamic support.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (support), a Fibonacci retracement at 1.1181 (support) and a daily support at 1.1097.
The pair closed below the 10 and 50-day moving average that should act as dynamic resistances and is still above the 200-day that is acting as dynamic support.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (support), a Fibonacci retracement at 1.1181 (support) and a daily support at 1.1097.
"I trade to make money not to be right."
Membre depuis Oct 02, 2014
posts 909
Oct 04, 2016 at 08:06
EUR/USD is trading lower today after yesterday's loss. The pair continues its move down making a low of 1.1190. It appears that bears are regaining control over the pair. First bear target can be expected at 1.1152. First resistance can be expected at 1.1242.
Positivity
Membre depuis Jul 10, 2014
posts 1117
Oct 04, 2016 at 12:49
EUR/USD reached the support at 1.1150 and bounced off of it, but it is very likely to continue dropping, especially considering the doji candlestick that has formed on the weekly time-frame.
Membre depuis Apr 08, 2014
posts 1141
Oct 05, 2016 at 06:31
Yesterday the EURUSD initially fell but found enough buying pressure to reverse but closed in the middle of the daily range, in addition managed to close below the previous day low, which suggests a bearish momentum.
The pair closed below the 10 and 50-day moving average that should act as dynamic resistances and is still above the 200-day that is acting as dynamic support.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (support), a Fibonacci retracement at 1.1181 (support) and a daily support at 1.1097.
The pair closed below the 10 and 50-day moving average that should act as dynamic resistances and is still above the 200-day that is acting as dynamic support.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (support), a Fibonacci retracement at 1.1181 (support) and a daily support at 1.1097.
"I trade to make money not to be right."
Oct 05, 2016 at 06:54
The story of the day is that ECB is close to consensus on ending its bond-buying program before it ends next year in March. Then EUR/USD pair was sloping between 1.11365 and 1.1238 until again find its well know place around 1.1200 mark.
Membre depuis Oct 02, 2014
posts 909
Oct 05, 2016 at 07:56
Calm day so far for the EUR/USD. The pair has been trading in a range of 1.1220-1.1200 as there isn't anything strong enough to motivate either of the camps. We have been gliding on the resistance level for a several days now and this might be an indicator that a move down is probable.
Positivity
Membre depuis Jul 10, 2014
posts 1117
Oct 05, 2016 at 12:17
I agree, EUR/USD bounced off 1.1140 and consolidation continues. I doubt it will end before the US Non-Farm Payrolls on Friday.
Oct 06, 2016 at 06:30
The euro posted neutral trading gainst the US dollar on Wednesday. The opening price almost coincided with that of the closing, respectively, 1.1202 and 1.1203. The trend fluctuated in a narrow range. Consodidation continues. Suport is located at 1.1122 and resistance is seen at 1.1284.
Membre depuis Apr 08, 2014
posts 1141
Oct 06, 2016 at 06:48
Yesterday the EURUSD went back and forward without any clear direction but closed in the middle of the daily range, in addition managed to close within the previous day range, which suggests being clearly neutral, neither side is showing control.
The pair is trading below the 10 and 50-day moving average that are acting as dynamic resistances but is still above the 200-day that is acting as dynamic support.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (support), a Fibonacci retracement at 1.1181 (support) and a daily support at 1.1097.
The pair is trading below the 10 and 50-day moving average that are acting as dynamic resistances but is still above the 200-day that is acting as dynamic support.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (support), a Fibonacci retracement at 1.1181 (support) and a daily support at 1.1097.
"I trade to make money not to be right."
Membre depuis Oct 02, 2014
posts 909
Oct 06, 2016 at 08:33
EUR/USD is trading lower in today's session as market participants are already anticipating the latest NFP and jobs data scheduled for tomorrow 8:30AM Eastern. Current market price 1.1188.
Positivity
Membre depuis Jul 10, 2014
posts 1117
Oct 06, 2016 at 11:49
EUR/USD is back to testing the support at 1.1180, and a breakout below that level would probably lead to a drop towards 1.1150, but it's unlikely there'll be any major changes before the fundamentals tomorrow.
Membre depuis Oct 02, 2014
posts 909
Oct 07, 2016 at 06:04
EUR/USD is trading lower today after it was gravitating towards 1.12 yesterday. The pair is now around 1.11, currently 1.1122, which is not surprising considering yesterday's positive US data and today's anticipated NFP and jobs data.
Positivity
Membre depuis Apr 08, 2014
posts 1141
Oct 07, 2016 at 07:02
Yesterday the EURUSD fell sharply with a wide range and closed near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.
The pair is trading below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (resistance), a Fibonacci retracement at 1.1181 (resistance), a daily support at 1.1097 and a 23.6% Fibonacci retracement at 1.1078.
The pair is trading below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (resistance), a Fibonacci retracement at 1.1181 (resistance), a daily support at 1.1097 and a 23.6% Fibonacci retracement at 1.1078.
"I trade to make money not to be right."
