EUR/USD

Hello,
EUR/USD - It seems the pressure over the EUR is not so strong. I expect test at 1.0540/45.

csc2009 posted:
The pair is accelerating its decline, broke below 1.0520 level, testing 1.050/049 zone, next target would be around 1.0450 level.

 I agree, it will likely reach 1.0450 - 1.0440. It might even continue moving to the downside towards the previous low at 1.0340.

Just did a buy off the bottom eur/usd , I have a position on eur/gbp also.

wow what a bullish move.

EUR/USD is trading below support in the preopening hours of the European session. The pair is now 1.0522 as it went below the support at 1.0540 yesterday. Euro bulls now have the task to bring the price up from current level which also happens to be a non-validated double bottom on the short-term. If they succeed, then price should be back in the uptrend channel sooner than later.

On the other hand, market participants are taking into consideration the upcoming FOMC minutes later today and that could have a drastic impact on the market, more specifically, the EUR/USD pair.

Until then, market could continue to gravitate towards current levels. Major support rests at 1.0440, while major resistance is located at 1.0720.

Do you think that Bullish move on EUR/USD was a fake breakout to the upside?

350 points isn't a fake breakout its usually much less

Yes, I think it was a real breakout. The Bears ran out of money to continue their short sell of EUR/USD. Price went up :)

Bull run faced resistance at 1.0550 levels. FOMC minutes could be a trigger for a move in either direction.

FOMC meeting later , I will close before, that might be pushing it higher too , Id say a possible sell off just before the meeting.

I went short at 5500 after closing my Long position from earlier nice profit, small risk on this short trade so no high blood pressure.

My Bollinger Trend PRO indicator is still glowing red. So, I've decided to place a sell order at 1.05403
I'll start buying again when both the Bollinger band is green and the moving average line starts glowing green.
Right now, it looks like it wants to change direction and move up, up, and up! I need confirmation before I can start to buy.

Interesting to see how it develops, indeed. I'm bullish.

EUR/USD bounced off the lows yesterday, following the release of FOMC minutes. In the early session today the pair marked a daily high at 1.0572. Minor resistance is seen at 1.0585 and a key one remains the psychological level at 1.0600. The intraday support is located at 1.0500 and lower at 1.0493 (yesterday’s low).

On yesterday session, the EURUSD initially fell with a narrow range but found enough buying pressure to trim all its losses and managed to close in the green, near the high of the day, in addition closed within Tuesday’s range, which suggests being slightly on the bullish side of neutral.
 
The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0626 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0600 (resistance) and a daily support at 1.0462.

The fundamentals yesterday pushed the pair to the upside and it bounced off from the support at 1.0500. If there is a breakout above 1.0570 the retracement could continue towards 1.0620, which is the (MA)89 indicator on the four-hour time-frame.

Important level 1.06200

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

The EUR/USD pair recovered from Tuesday’s lows but yet is unbale to conquer key levels. In the 4 hour chart tehcnical indicators show limited bullish pressure. The price is lightly above the bearish 20-day SMA, while RSI and momentum are aroud their mid-lines, but has lost upward strength.