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EUR/USD

Membre depuis Apr 08, 2014
posts 1140
Feb 16, 2017 at 07:35
Membre depuis Apr 08, 2014
posts 1140
On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure at 1.0526 to reverse and managed to close near the high of the day, creating a hammer pattern, in addition the currency pair closed within Tuesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0659 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0605 (resistance) and a daily support at 1.0462.
The currency pair is trading below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0659 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0605 (resistance) and a daily support at 1.0462.
"I trade to make money not to be right."
Membre depuis Jul 10, 2014
posts 1114
Feb 16, 2017 at 13:30
Membre depuis Jul 10, 2014
posts 1114
EUR/USD bounced off from 1.0520 and is currently testing the resistance at 1.0660 which is the (MA)89 indicator on the four-hour time-frame. If it breaks out above that level it will likely continue moving to the upside towards 1.0700.
Membre depuis Sep 12, 2015
posts 1933
Feb 16, 2017 at 13:38
(édité Feb 16, 2017 at 13:41)
Membre depuis Sep 12, 2015
posts 1933
stian posted:
Another day of good US data, enough to fuel a dollar boost?
Was it already priced in this morning? Most of the indexes are negative with a few exceptions.
"They mistook leverage with genius".
Membre depuis Sep 12, 2015
posts 1933
Feb 16, 2017 at 14:02
Membre depuis Sep 12, 2015
posts 1933
I'm Long EUR/GBP just after the data, Ill wait till the US open to see if there is more of a reaction in the $
"They mistook leverage with genius".
Membre depuis Apr 08, 2014
posts 1140
Feb 17, 2017 at 09:23
Membre depuis Apr 08, 2014
posts 1140
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, creating a bullish belt hold line pattern, in addition the currency pair managed to close above Wednesday’s range, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and 50 day moving averages that should provide a dynamic support but is still below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0648 (support), a daily support at 1.0622, the 50-day moving average at 1.0610 (support) and a daily support at 1.0462.
The currency pair is trading above the 10 and 50 day moving averages that should provide a dynamic support but is still below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0648 (support), a daily support at 1.0622, the 50-day moving average at 1.0610 (support) and a daily support at 1.0462.
"I trade to make money not to be right."
Membre depuis Jul 10, 2014
posts 1114
Feb 17, 2017 at 14:36
Membre depuis Jul 10, 2014
posts 1114
EUR/USD bounced off from 1.0678 but it appears that the retracement was only temporary. The pair broke out above 1.0655 and it's still moving to the upside, likely to test the aforementioned high again.
Feb 18, 2017 at 11:34
Membre depuis Apr 09, 2016
posts 419
The euro was down against the US Dollar on Friday. By the closing of US trading EUR/USD was trading at 1.0615, shedding 0.55%. I believe that the support is now located at the level of 1.0520, Wednesday's low and resistance is at the level of 1.0682 - maximum of Thursday.
Membre depuis Oct 02, 2014
posts 905
Membre depuis Oct 11, 2013
posts 769
Membre depuis Feb 22, 2015
posts 174
Feb 19, 2017 at 20:33
Membre depuis Feb 22, 2015
posts 174
alexforex007 posted:
The EURUSD is still in a bearish trend, despite the pullback attempt during last week. To the upside, the 1.0827 level is still its most relevant resistance, to the downside, the 1.0519 level is its most important support.
Thanks for the tip, I'll wait for EURO to drop lower then I'll acquire more.
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Membre depuis Sep 12, 2015
posts 1933
Feb 19, 2017 at 23:04
Membre depuis Sep 12, 2015
posts 1933
If we get down to 06000 I think I will go long, did a quick long at the open, paid off, watching EUR/GBP now for a long.
"They mistook leverage with genius".

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