EUR/USD

EUR/USD is relatively higher in today's session. The pair went above 1.06 for a brief moment and is now back below it. Current market price 1.0570.

I'm break even at 05875 short, I missed the first short off 06000, short on EUR/GBP also.

Closed my short just awhile ago at 84384 down from 84459 on eur/gbp, still holding eur/usd.

Michigan Consumer Sentiment Index might be todays important news. A miss (the details about why it misses will be important too), might weight heavily on the USD as the index have been failing since Trump. A move closer to 98 will be seen as positive.

EUR/USD had a relatively uneventful week with price consolidating around 1.05-1.06 levels. The pair is now 1.0578 in a calm and low volume environment.

EUR/USD has almost reached the resistance at 1.0620. If it breaks out above that level it will likely continue moving to the upside towards 1.0700.

The euro recorded minor increase against the dollar on Thursday. The session was very volatile, but ultimately the single currency was stronger. A break of key levels was not reached, but if the Bulls continue to prevail, the pair will test the resistance at 1.0679.

Key levels to watch for:
Support: 1.0480; 1.0452;
Resistance: 1.0679; 1.0828.

Some support around 5700-5650, it will probably retest it first before going higher, depends if we get some meaningful spike.

We got a push through, next support 5600, I will take a long from here for a quick scalp.

It looks like a fake break out after all. The central bank is keeping the price of their USD up.
The price of $EURUSD will most likely retest that resistance line. I don't think it will hold, the price will then continues to drop to retest that support line.

At the moment the Eur/Usd is up 0.06% at 1.0587 facing the initial hurdle at 1.0618 (high Feb.24) followed by 1.0658 (20-day sma) and finally 1.0682 (high Feb.16). On the flip side, a breach of 1.0492 (low Feb.22) would target 1.0452 (low Jan.11) en route to 1.0339 (2017 low Jan.3).

Cryptocurrency posted:
It looks like a fake break out after all. The central bank is keeping the price of their USD up.
The price of $EURUSD will most likely retest that resistance line. I don't think it will hold, the price will then continues to drop to retest that support line.

I will probably get knocked out, 1% is my max loss, I will take another position at 0500 if we get down that far.

Cryptocurrency posted:
EUR/USD price just broke out of resistance trend line. I'm expecting price to retest that line within the next few days.

Let's hope the trend is back to that line.

snapdragon1970 posted:
We got a push through, next support 5600, I will take a long from here for a quick scalp.

My friend you are quite active in this trade.
Success for this!

ruskif posted:

snapdragon1970 posted:
We got a push through, next support 5600, I will take a long from here for a quick scalp.

My friend you are quite active in this trade.
Success for this!

It is good to trade when there is volatility, success to you too.

The euro was down against the US Dollar on Friday. By the close of US trading EUR/USD was trading at 1.0562, shedding by 0.18%. I believe that the support is now located at the level of 1.0492, Wednesday's low and resistance is likely at the level of 1.0637 - Monday's high.

'banks had colluded in forex trading'
https://www.moneyweb.co.za/moneyweb-opinion/time-for-compcom-to-explain-effects-of-forex-scandal/

Well, let's just wait to see if the central banks will push the price of EURO up or down this week.

Cryptocurrency posted:
'banks had colluded in forex trading'
https://www.moneyweb.co.za/moneyweb-opinion/time-for-compcom-to-explain-effects-of-forex-scandal/

Well, let's just wait to see if the central banks will push the price of EURO up or down this week.

Political uncertainty continue to pressure the Euro, let's wait for the central banks this week.