honeill's Posts - Page 44

EUR/USD in Experienced Traders Jun 04, 2015 at 07:56

On yesterday session the EURUSD initially fell but found enough support at 1.1097 to turn around and close near the high of the day, above a daily resistance. These 2 last sharp upward days are suggesting that traders are expecting bad US data on Friday. The next resistances are 1.1391 and 1.1460 to the downside we have the support zone, from 1.1236 down to 1.1097.

EUR/USD in Experienced Traders Jun 03, 2015 at 08:17

On yesterday session the EURUSD rallied over 200 pips through a series of fundamental and technical catalysts and closed near the high of the day with a wide range day. The currency is now trading in a resistance zone, from 1.1097 up to 1.1236, so today we may expect a narrow range day consolidating the previous day move.

EUR/USD in Experienced Traders Jun 02, 2015 at 08:01

EURUSD fell on yesterday session after reaching the 10 and 50 day moving averages but closed in the middle of the daily range suggesting that the downward move is not strong enough to continue. So we may expect some consolidation until Friday where is expected the release of the US non-farm payrolls and the unemployment rate data.

EUR/USD in Experienced Traders Jun 01, 2015 at 08:43

On Friday session the EURUSD rallied to the 10 and 50-day moving and closed in the green near the high of the day, on a narrow range day but below the 10 and 50 day moving averages. So today, a break above the 10 and the 50 day moving averages could trigger a rally to a Fibonacci retracement (38.2) at 1.10584 or a break below the Fibonacci retracement (50) at 1.0955 could push the currency downward to another Fibonacci retracement (61.8) at 1.0852.

EUR/USD in Experienced Traders May 29, 2015 at 08:12

EURUSD had a high volatile session yesterday but manage to close in the green near the high of the day. The currency has to the upside strong resistance at the 10 and 50-day moving averages although the stochastic is showing an oversold market and is displaying a slight bullish momentum.

EUR/USD in Experienced Traders May 28, 2015 at 08:02

The EURUSD initially fell on yesterday session but found enough buying pressure just below the Fibonacci retracement (61.8) at 1.0853 to turn around and close in the green near the open of the day. Also the Scholastic is an oversold market so we may expect a pause in the downward trend and a retest of the 50-day moving average at 1.0986.

EUR/USD in Experienced Traders May 27, 2015 at 09:39

EURUSD fell on yesterday session after breaking below the 50-day moving average and went straight to a Fibonacci retracement (61.8) at 1.0853 and closed near the low of the day. The currency changed phase from recovery to bearish and we might see some consolidation at these levels, although a break below the 1.0853 could trigger another push downward, this time to a daily support at 1.0622.

EUR/USD in Experienced Traders May 26, 2015 at 08:25

Yesterday session the EURUSD did not move much due to worldwide bank holiday but still manage to make a doji pattern on the 50-day moving average. A break below 1.0972 the 50-day moving average may trigger a dive to a Fibonacci retracement (61.8) at 1.0853.

EUR/USD in Experienced Traders May 25, 2015 at 08:52

On Friday session the EURUSD tried to rally but found yet again enough selling pressure near the 1.1186 Fibonacci level to give all its gains back and closed in the red near the low of the day, creating an outside day pattern. This pattern is considered neutral so indecision may create choppy action in the market.

EUR/USD in Experienced Traders May 22, 2015 at 07:51

EURUSD tried to rally but found enough selling pressure near the 1.1186 Fibonacci level to give all its gains back and closed in the green near the open of the day, creating an inverted hammer pattern. This pattern is considered bullish so we may expect another push upward today.

EUR/USD in Experienced Traders May 21, 2015 at 08:12

EURUSD fell on yesterday session for the third day in a row but this time with a narrow range and closed near the middle of the daily range. The currency made its low at 1.1058 a Fibonacci retracement of 38.2 this suggests that is going to a consolidation mode within a daily support zone from 1.1237 down to 1.1097.

EUR/USD in Experienced Traders May 20, 2015 at 08:02

On yesterday session the EURUSD fell fast and hard after ECB statement saying that due to seasonal factors QE will be front loaded to May and June, hypothetically deposit rates could even be more negative. The currency closed near the low of the day with a wide spread day, the next support levels to watch are 1.1097 daily support, 1.1058 Fibonacci level (38.2) and 1.0972 the 50 day moving average.

EUR/USD in Experienced Traders May 19, 2015 at 08:13

EURUSD fell on yesterday session with a wide spread day and closed near the low of the day, shy above the 10-day moving average. The high momentum witnessed yesterday is suggesting that the 10-day moving average may not support the price and a break below will throw the currency to the daily support at 1.1097.

EUR/USD in Experienced Traders May 18, 2015 at 08:46

EURUSD initially fell on Fridays trading session but found enough buying pressure at Thursdays low to turn around and closed in the green near the high of the day. We are at a major daily resistance 1.1460 and we may enter in a choppy consolidation or even a pullback to the 10-day moving average at 1.1305 before another push upward. Only a clean break above 1.1556 daily resistance will signal that the currency is ready its upward trend.

EUR/USD in Experienced Traders May 15, 2015 at 09:28

EURUSD rose on yesterday session breaking above previous swing high and close in the middle of the daily range on a narrow range day. The narrow range day is a sign of weakness in the upward momentum as the currency approaches a daily resistance at 1.1460. Today we have a light economic agenda so is a great day for retail profit taking, meaning that today should be a bearish day also with a narrow range day.

EUR/USD in Experienced Traders May 14, 2015 at 08:28

Since the start of May the EURUSD rose more than 1.3% and is in a recovery phase since late April, trading above the 10-day moving average. Yesterday the currency rose after bouncing off the 10-day moving average with above average volume and close near the high of the day. Stochastic is showing bullish momentum and is above the 50 mid line.

EUR/USD in Experienced Traders May 13, 2015 at 08:51

On yesterday session EURUSD rose and close in the green in near the high of the day, above the 10-day moving average. The currency is still in a recovery phase and stochastic is showing a slight bearish to neutral momentum but still above the 50 mid line.Expecting an upward move to year high at 1.1459 on a break above previous day high at 1.1278 (scenario 1) or a break below the daily support at 1.1097 could drive the pair down to a key level at 1.0900 (scenario 2).

EUR/USD in Experienced Traders May 12, 2015 at 07:52

EURUSD fell on yesterday session for the 3rd day in a row. The currency fell and closed in the red near the low of the day, on a 2nd narrow range day, showing that the downward move is losing momentum as the Greek government remains hopeful that the talks will lead to vital aid being released, which will enable the country to avoid default.

EUR/USD in Experienced Traders May 11, 2015 at 08:37

EURUSD fell on Friday session after a better than expected US non-farm payrolls and unemployment rate. The currency initially rose but found enough selling pressure to give all its gains and close in the red near the low of the day, on a narrow range day. We may see a pullback toward the daily support at 1.1097 before another move upward.

EUR/USD in Experienced Traders May 08, 2015 at 08:37

EURUSD on yesterday session had a typical profit taking day ahead of the US non-farm payrolls and unemployment rate. The pair initially rose making new high but found enough selling pressure to reverse and close in the red near the low of the day. Key levels to watch today are the support at 1.1097 and the resistance at 1.1460.

EURUSD	1.13037	GBPUSD	1.32767	AUDUSD	0.64436
USDJPY	144.966	USDCAD	1.38103	USDCHF	0.8268

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