EUR/USD
Aug 21, 2017 at 20:36
The EUR/USD pair moved higher today and marked a weekly high at 1.1827 backed up by the weak US dollar and the lack of important fundamental news. Bulls are aiming higher in the short term. Immediate resistance is seen at 1.1845 and in case of breaking it, next target is seen at 1.1880.
Membre depuis Apr 08, 2014
posts 1141
Aug 22, 2017 at 09:53
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition the currency pair managed to close above Friday’s high, which suggests a strong bullish momentum.
The currency pair closed above the 10-day moving average that should provide dynamic support and is trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1773 (support), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.
The currency pair closed above the 10-day moving average that should provide dynamic support and is trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1773 (support), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.
"I trade to make money not to be right."
Aug 22, 2017 at 15:32
On the first day of the week, the euro-dollar currency pair rose by 59 pips. The day was opened at 1.1755, and the first hours were strong for the bears. That's why at noon they recorded their bottom level at 1.1730. The response of the bulls led us to the peak of a near figure above the bottom, or 1.1827. At the end of the day one euro was exchanged for $ 1.1814.
Aug 22, 2017 at 18:47
The German ZEW servey today showed that the business sentiment has dropped beyond the expectations, which influenced the EUR/USD pair and it fell down to 1.1744. The short term outlook is neutral according to the technical readings on the four-hour time frame.
Membre depuis Oct 11, 2013
posts 775
Aug 22, 2017 at 23:08
The EURUSD is consolidating between the 1.1700 level and the 1.1800 level. There is no clear entry on this pair until it breaks above the 1.1900 level or below the 1.1600 level.
Aug 23, 2017 at 06:44
why? in new week, sellers need to push up eur-usd, then, sell into high for lower risk + building positions with their profit pips. or, big orders (macro funds or big guys orders) were in higher level, so, market makers have to lift market to get these big orders done.
What other reason?
What other reason?
Membre depuis Apr 08, 2014
posts 1141
Aug 23, 2017 at 08:07
On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, however the currency pair managed to close within Monday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair closed shy below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1769 (resistance), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.
The currency pair closed shy below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1769 (resistance), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.
"I trade to make money not to be right."
Aug 23, 2017 at 17:07
On Tuesday, the single currency lost 53 pips against the US dollar. The day was dominated by the bearish players, because once the day was opened at 1.1814, the bulls recorded a peak at only 9 pips higher. For bears, the best level they achieved during the session was 1.1744. At the end of the day one euro was selling for 1.1761 dollars.
Membre depuis Jul 10, 2014
posts 1117
Aug 23, 2017 at 18:00
EUR/USD has formed a shooting star candlestick and a pair of hanging man candlesticks on the weekly time-frame, all below the resistance at 1.1910. Although the consolidation continues for now those candlesticks are a telling signal there could be an impending move to the downside.
Membre depuis Oct 11, 2013
posts 775
Aug 24, 2017 at 01:09
Traders are really waiting to see what Draghi and Yellen have to say on Friday at the Jackson Hole meeting before taking any sides. That is why the EURUSD is still consoldiating around the 1.1800 level and the 1.1700 level. The pair goes back up to the 1.1800 zone, but it has not taken a clear direction.
Membre depuis Apr 08, 2014
posts 1141
Aug 24, 2017 at 08:29
On yesterday session, the EURUSD rose on the back of a narrow range but with a wide spread and managed to 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 closed above the 10-day moving average that should provide dynamic support however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1770 (support), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.
The currency pair closed above the 10-day moving average that should provide dynamic support however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1770 (support), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.
"I trade to make money not to be right."
Membre depuis Apr 04, 2017
posts 5
Aug 24, 2017 at 14:01
stevewalker posted:
this thread is about EUR/USD
please feel free to post your forecast/comments/thoughts about that pair.
walker
I think EUR/USD will be return the top at 1.1920.
Membre depuis Jul 10, 2014
posts 1117
Aug 24, 2017 at 18:26
The EUR/USD consolidation is getting tighter with each passing hour, tomorrow there will likely be a breakout and a significant movement depending on the fundamentals.
Membre depuis Oct 11, 2013
posts 775
Aug 24, 2017 at 18:38
The EURUSD tries to go back up above the 1.1800 level, but it is really consolidating. The consolidation may continue until the markets hears something relevant from Janet Yellen or Mario Draghi at the Jackson Hole symposium.
Membre depuis Apr 08, 2014
posts 1141
Aug 25, 2017 at 08:34
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition the currency pair closed within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair made a narrow spread candle with high volume which is an anomaly and not a good sign for bulls.
The currency pair traded above the 10-day moving average that should provide dynamic support however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1771 (support), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.
The currency pair made a narrow spread candle with high volume which is an anomaly and not a good sign for bulls.
The currency pair traded above the 10-day moving average that should provide dynamic support however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1771 (support), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.
"I trade to make money not to be right."
Membre depuis Oct 02, 2014
posts 909
Aug 25, 2017 at 14:34
Big move today, let's see if it keeps going next week.
Positivity
Membre depuis Jul 10, 2014
posts 1117
Aug 25, 2017 at 16:50
The fundamentals today pushed EUR/USD to the upside and the pair will likely test the previous high at 1.1910. A breakout above that level will probably lead to a further rally towards 1.2000.
