EUR/USD
Apr 05, 2017 at 09:18
The euro recorded a third consecutive neutral session against the dollar on Tuesday. So the couple stayed in range by the end of last week, about the level of support at 1.0620. Short-term indicators at the moment, however, are in favor of the single currency. Trading on Tuesday was opened at a price of 1.0667, while the rate of closure was 5 pips higher. The trend varies in a very narrow range, the difference between the highest and lowest value for the day was 41 pips.
Membre depuis Jul 10, 2014
posts 1117
Apr 05, 2017 at 13:58
(édité Apr 05, 2017 at 14:05)
EUR/USD continues consolidating above 1.0640 after forming a hammer candlestick on the daily time-frame at that level. Considering the fundamentals tomorrow and on Friday, and especially the US Change of Non-Farm Payrolls on Friday, consolidation will likely continue for now.
Apr 06, 2017 at 06:42
Lately the EUR/USD pair is caught in tight range but according to the technical readings on the four-hour time frame the risk remains towards downwards. The pair is experiencing difficulties to puch higher above the the 20-day SMA, which is tending to south currenlty. RSI has switched to bullish mode, but yet is below mid-lines, while stochastic is caught in the middle and is trending to lows. Whereas the pair is standing still we should consider the key support level at 1.0620, as in case of breaking it, bears would be poised to chase 1.0565.
Membre depuis Apr 08, 2014
posts 1141
Apr 06, 2017 at 07:26
On yesterday session, the EURUSD initially fell but found yet again enough support at 1.0642 to reverse and close near the high of the day, however the currency pair closed within Tuesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 50-day moving average that should provide a dynamic support, however is still trading below 10 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0825 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0728 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0657 (support) and a daily support at 1.0622.
The currency pair is trading above the 50-day moving average that should provide a dynamic support, however is still trading below 10 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0825 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0728 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0657 (support) and a daily support at 1.0622.
"I trade to make money not to be right."
Membre depuis Jul 10, 2014
posts 1117
Apr 06, 2017 at 13:17
Consolidation is getting tighter and tighter. While there's still a possibility that EUR/USD will start moving to the upside again, it's doubtful that there will be any major changes before the fundamentals tomorrow.
forex_trader_338100
Membre depuis Jun 21, 2016
posts 898
Apr 06, 2017 at 13:17
At the moment EUR/USD is losing 0.21% at 1.0642 and a breakdown of 1.0629 (low Apr.6) would target 1.0625 (100-day sma) and finally 1.0597 (low Mar.14). On the flip side, the immediate resistance is located at 1.0705 (high Mar.31) seconded by 1.0728 (20-day sma) and then 1.0772 (high Mar.30).
Membre depuis Apr 08, 2014
posts 1141
Apr 07, 2017 at 07:56
On yesterday session, the EURUSD initially tried to rise but found enough selling pressure around Wednesday open at 1.0679 to reverse and close near the low of the day, however the currency pair closed within Wednesdays range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading below the 10, the 50 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: The 200-day moving average at 1.0823 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0709 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0657 (resistance), a daily support at 1.0622 and a Fibonacci retracement at 1.0584 (support).
The currency pair is trading below the 10, the 50 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: The 200-day moving average at 1.0823 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0709 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0657 (resistance), a daily support at 1.0622 and a Fibonacci retracement at 1.0584 (support).
"I trade to make money not to be right."
forex_trader_338100
Membre depuis Jun 21, 2016
posts 898
Apr 07, 2017 at 09:06
At the moment EUR/USD is losing 0.09% at 1.0634 and a breach of 1.0627 (low Apr.6) would target 1.0625 (100-day sma) en route to 1.0597 (low Mar.14). On the flip side, the immediate hurdle aligns at 1.0673 (55-day sma) followed by 1.0705 (high Mar.31) and finally 1.0724 (20-day sma).
Membre depuis Jul 10, 2014
posts 1117
Apr 07, 2017 at 12:14
The pair is pushing to the downside and it has almost broken below 1.0630, but the fundamentals could change that very soon.
Membre depuis Oct 02, 2014
posts 909
Apr 07, 2017 at 15:58
EUR/USD was not able to move beyond the 1.07 level. The pair is now 1.0640 and seems prone to continue South.
Positivity
Membre depuis Feb 22, 2015
posts 178
Apr 07, 2017 at 21:56
arigoldman posted:
EUR/USD was not able to move beyond the 1.07 level. The pair is now 1.0640 and seems prone to continue South.
I agree, we might see price of EUR/USD drop to 1.03 level soon.
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Membre depuis Feb 22, 2015
posts 178
Apr 07, 2017 at 22:41
EUR/USD might continue to drop down to retest this low 1.034233
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Apr 08, 2017 at 12:51
The euro fell against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.0591, losing 0.50%. I believe that support is now at 1.0581, the low of Friday's trading, and the resistance is likely at 1.0690 - the maximum of the Wednesday's trading.
Apr 09, 2017 at 06:14
question: Why is EUR/USD despite of a bad nonfarm payrolls result going down?
I know there is a lot of fishing, but usually it is the first movement and the later movement (after 30 min) is the movement which normally prices the fundamental results.
Anything I have missed?
I know there is a lot of fishing, but usually it is the first movement and the later movement (after 30 min) is the movement which normally prices the fundamental results.
Anything I have missed?
Apr 09, 2017 at 07:02
The technical outlook for EUR/USD remains bearish. A breach of 1.0525 could lead the pair towards 1.0455 and 1.0390. Looking to the upside only break above the 100-DMA at 1.0630 might bring back bulls with aiming the psychological level at 1.0700.
forex_trader_338100
Membre depuis Jun 21, 2016
posts 898
Apr 09, 2017 at 18:18
With a breach of 1.0525 (Mar. 9 low), the pair could drop further towards 1.0455 (Jan. 11 low) and 1.0390 (Jan. 4 low). On the upside, a break above the 100-DMA at 1.0630 would aim for 1.0700 (psychological level) before 1.0735 (20-DMA).
