EUR/USD

EUR/USD marked today a fresh new yearly high at 1.1489, but is going to close below 1.14. The downward development seems to be limited as the price is still holding above the 20-day SMA and indicators had corrected from their overbought conditions.

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 Tuesday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, the 10-day moving average at 1.1398 (support), a Fibonacci retracement at 1.1302 (support) and a daily support at 1.1237.

Which way going now? waiting to pounce on the pair

TheInterest posted:
Which way going now? waiting to pounce on the pair

Depends on ECB speeches, Rimsevics said the QE could continue for years, WSJ reported reported on potensial signal on QE unwinding on the 7. sept meeting.

It seems clear that the ECB is fairly divided in the question. Which may favor the downside. Yellens testemony will set the direction for today.

Ok, Just waiting

On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, the 10-day moving average at 1.1395 (support), a Fibonacci retracement at 1.1302 (support) and a daily support at 1.1237.

The EUR/USD pair is under pressure for second day. Today the pair marked daily low at 1.1370 and it seems that is not going to close far above it. Technical indicators are showing mixed signs. First support is seen at 1.1340 and is broken, steeper decline is expected.

On Thursday, the euro lost another 13 pips to the dollar. The day's start was at 1.1410, and the rate was rising steadily and was over the resistance at 1.1440, recording a peak at 1.1455. There was a strong movement for the bears and the currency pair traded for 1.1370. At the end of the day one euro was exchanged for 1.1397 dollars.

The euro / dollar did not make a substantial move yesterday. The signals are neutral for the time being, probably with light bears signals. But as a whole, I stay in the Bulls camp and every downward pressure can be seen as a good opportunity for long positions. We have an interesting fact, as you can see on the four-hour chart, where the H4 EMA 200 provides valid and strong support during the upward rally. And now it also provides us with a good place to buy localized in the 1.1285 area. The first resistance is at 1.1455, whose breakthrough can cause further rallying up for testing at 1.1500 - 1.1530 or higher. Downwards, a clear breakthrough and a daily closure below 1.1285 will disrupt the ascending views.

Key levels to watch for:
Support: 1.1360; 1.1256;
Resistance: 1.1440; 1.1533.

Expecting bullish continuation after some consolidation next week

TheInterest posted:
Expecting bullish continuation after some consolidation next week

Would be nice,$$$

The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.1469, gaining 0.62%. I believe that support is now at 1.1369, Thursday's low, and resistance, probably, will be at level of 1.1491 - the maximum of Wednesday.

EUR/USD marked a 14-month high on Friday, reaching 1.1473 and closed the week at 1.1469. The pair will face next week resistances at 1.1490 and 1.1525, while supports are located at 1.14 and 1.1355.

Correction movement before upward trend continues, strong resistance at 1.1490/1.1500. Focus turn to ECB monetary policy decision on Thursday.

Today the EUR/USD is hovering around 1.1470, but couldn’t find enought strength to conquer the important 1.1490 mark. However indicators are keeping their bullish momentum, so we may witness another test of this level during next hours.

EUR/USD finally broke out above 1.1490. The move to the upside continues and the pair will likely reach 1.1600.

A long way back to the 1.16 level things looking good for the Eur/USD.

Hear on the grapevine fxcm not paying out some retired school teacher who liked to dabble.