EUR/USD

prachait posted:

honeill posted:
It’s been a fundamentally eventful start to the year for the global economy’s central banks – the SNB removing its peg, the ECB announcing a 1.1 trillion euro stimulus package, and now Yellen privately hinting to US lawmakers that a rise in interest rates might not come as soon as the markets expect. The technicals, as usual, reflect this recent uncertainty in the form of a triangle consolidation pattern (pennant) over the course of the week.

I remain technically bearish on the pair under its 10-day moving average (it has been under this level since mid-December) at 1.1350, though we really need a break above 1.1450 (above the 61.8% retracement level) to confirm the medium-term downtrend has ended.

😀 Good One |

How about the people saying that EURUSD will have the downward trend to 1.115 ?

Thanks, Prachait

blownaccount posted:
Never hold positions over the weekend. bad policy!

honeill posted:
EURUSD is consolidating in a tight range; it looks like the market is taking a pause to bread as the pair waits for the Friday’s nonfarm payrolls.

alexforex007 posted:
Good range for the EURUSD between the 1.1276 area as support and the 1.1363 zone as resistance.