EUR/USD

arigoldman posted:
Exciting week ahead!

May I ask what's so exciting about this particular week...(besides 21 April 2016)

On the last Friday’s session the EURUSD went back and forward without any clear direction but managed to close in the green however in the middle of the daily range, in addition closed within the previous day range, suggesting lack momentum and indecision among investors.

The pair is trading below the 10-day moving average that is acting as a dynamic resistance but is above the 50 and the 200-day moving averages that are acting as dynamic supports.

The key levels to watch are: A daily resistance at 1.1459, the 10-day moving average at 1.1355 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 50-day moving average at 1.1174 (support) and a previous swing low at 1.1144 (support).

BNP Paribas advised purchases of EUR / USD. Analysts do not expect strong growth, but predict that recovery to levels around $ 1.16 is quite possible scenario. The bank reported that opening long positions in EUR / USD at $ 1.1290 with a stop at $ 1.1140 and objective of $ 1.16.

Euro / dollar was down momentum last week, forming a bottom of 1.1233. Short-term expectations are low to test 1.1200 - 1.1150. Immediate resistance is at 1.1335. A clear break and daily close above that area could lead price to neutral zone as direction would become unclear, possibly re-testing 1.1500. The main technical outlook is neutral.

Key levels to watch for:
Support: 1.1232; 1.1143;
Resistance: 1.1407; 1.1439.

The US dollar fell against its main currency rivals on Friday after poor US data awake anxiety about the state of the economy. The currency pair EUR / USD climbed to 1.1282.

If there is a closing of the resistance at 1.1439, this will give greater priority to rise. If the price crosses briefly and not close above the resistance level, it will give strength to the argument that it is more likely to withstand the resistance test.

The EUR/USD is trading higher today after technicals influenced the market participants. The pair reached 1.1274 in today's session and is now trading slightly above 1.13. Currently, price is resting on support level and bulls may try to push prices above 1.14.

rosentray posted:
The EUR/USD is trading higher today after technicals influenced the market participants. The pair reached 1.1274 in today's session and is now trading slightly above 1.13. Currently, price is resting on support level and bulls may try to push prices above 1.14.

I agree, EUR/USD broke above 1.13 today. Taking that into consideration together with the spinning top candlestick above the support at 1.1230 on the daily time-frame that formed last week I think the pair will continue climbing towards the next resistance level at 1.1400, perhaps even 1.1440.

EUR/USD felt no thrills after Doha meeting and stayed calm around 1.13.

daily looks like long but lower timeframes show just messy consolidation..I am staying out..

Today EUR/USD is testing a stronger resistance area located at 1.1330- 1.1340. A rebound over these levels might call back the bulls targeting 1.14. The support for today is seen at 1.13.

EUR/USD made a high of 1.1344 today due to major support at 1.1260. Bears were not able to push price below support and bulls successfully brought the pair back into the ascending trading channel. Major bull target 1.1530.

Yesterday EURUSD initially fell but found enough buying pressure to turn around and closed in the green, near the high of the day, however closed within Fridays day range, suggesting a weak bullish momentum.

The pair is trading below the 10-day moving average that is acting as a dynamic resistance but is above the 50 and the 200-day moving averages that are acting as dynamic supports.

The key levels to watch are: A daily resistance at 1.1459, the 10-day moving average at 1.1334 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 50-day moving average at 1.1186 (support) and a previous swing low at 1.1144 (support).

The euro recorded minor increase against the dollar on Monday. The single currency started the new week tentatively as the session was volatile. Bullish sentiment prevailed almost throughout, but after it was peaking for the day at 1.1331, euro losses accumulated lead. Thus, the finish line was crossed at a rate of 1.1310, only 9 pips above the opening price. Short-term expectations are in favor of the euro and thus the resistance at 1.1407 remains threatened.

Key levels to watch for:

Support:1.1232; 1.1143;
Resistance: 1.1407; 1.1439.

EUR/USD continued climbing today and it's likely it will soon reach 1.1400 - 1.1440. Mario Draghi will speak again tomorrow, perhaps that will finally cause the end of the consolidation, but I am not holding my breath at this point.

victoriajensen posted:
 EUR/USD continued climbing today and it's likely it will soon reach 1.1400 - 1.1440. Mario Draghi will speak again tomorrow, perhaps that will finally cause the end of the consolidation, but I am not holding my breath at this point.

Perhaps you know more than me. But I'm pretty sure it's on the 21 April: https://www.ecb.europa.eu/home/html/index.en.html

The disappointing US data yesterday pushed the euro to intraday highs slightly below 1.14. But despite the positive trend, the pair couldn’t break the resistance at 1.1407.