EUR/USD

A good day positive ECB conference today and the news that a deal is close for Greece had a huge impact today on the EUR/USD.

I think EUR/USD will continue climbing at least until it reaches 1.1440, which is the previous high, and should it break above that resistance the move to the upside will continue until the pair reaches target 1.1570, which is a significant level of resistance too.

USD performed disappointingly against main currencies after another dose of weak economic data and optimism about Greece. EUR climbed nearly 2% to 1.1149 against the USD over the past day, recording its best daily move since March.

victoriajensen posted:
I think EUR/USD will continue climbing at least until it reaches 1.1440, which is the previous high, and should it break above that resistance the move to the upside will continue until the pair reaches target 1.1570, which is a significant level of resistance too.

Once this pair break above the psychological level 1.1400, almost sure we will see 1.1500 level. Attention now turns to Friday’s Nonfarm payrolls report.

It is nice to see how fast the euro can recover.

EUR / USD had a sharp rise on Tuesday breaking three resistances at once.
The rise slowed down just a few pips of 1.1200.
The short-term momentum indicates see a slight correction to test 1.1065 before the next ascent.

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.

Within the last two days EUR gained 3.30% against the dollar. The rally of the EUR is limited by the resistance around 1.1290, which the price reached several times during yesterday and today. When crossing this level I think that we may expect testing the top from 15 May at 1.1471.

awrfx posted:
Hmm, after fast rally from 1.05 to 1.14 i think the price will make a 50% corection and after that will be up trend for a quite long term. 1.09 is the best move for long action.

nice guru 450 pips so far. i buy in at 1.0885. what do you think guru? is it will move highest again?

EUR/USD could not break above the resistance at 1.1380 and the pair moved to the downside again. I think it's very likely that consolidation will continue until the US Non-farm Payrolls tomorrow.

The EUR/USD rebound to 1.1379, then fell to the top of resistance level, and currently move near to 1.1284 but if the US data on friday come as expected ( negative ), we will see other test to the next resistance level at 1.1391.

Massive stop loss hunting before NFP.

EUR/USD tried to rise higher yesterday, topped at 1.1379 but then collapsed down and closed lower at 1.1237. The outlook is bearish in nearest term testing 1.1180 - 1.1150. Immediate resistance is seen at 1.1285. A clear break below that area could lead price to neutral trade area testing 1.1350 / 80. As seen on the hourly chart, price slipped below the bullish price channel, suggesting a possible bearish signals.

forget upside in eu..... eurousd left falling patterns downside.... first target is 1.1186... and key area after kissing 11186 will be 1.1135... any clear break of 1.1135 will be very negative.... and will lead to 1.0993... all in all eu if now below 1.132 and 1.128.. forget upside.. and look for new low in coming months... 1.0 is target this year

EUR / USD depreciated slightly on Wednesday after ECB President's speech, Mario Draghi.
There was a little loss of 'momentum' in the recovery, which was followed by a review of the progress and the prospects of rising inflation.

The EURUSD should remain above 1.1275 and thus increase the potential for higher valuations to resistance to 1.1330.
The RSI found support in line and 70 points up, while the MACD is above its zero line and signal area mean that both short-term indicators are in the territory of about purchase. This suggests an acceleration of 'bullish momentum,' but a small retreat is possible before the next ascent.

no.. eurousd left falling pattern at 1.1186 and that it kissed... so key area to watch as per pattern is 1.1135... if that gone that euro towards 1.0993...

Euro also left falling pattern at 1.0993... so now euro completed 1.1186 pattern by kissing.. and it will consolidate... only break of 1.128 an 1.132 will drive euro up... otherwise i see euro bam down to 1.0993.. and towards 1.08... lets see what brings nfp..

EURUSD initially rallied on yesterday session but found enough selling pressure near the 1.1391 resistance to give all its gains back and close in the red at the low of the day. It was a typically profit taking day ahead of the high impact fundamental data. Greece already took the IMF offer to delay its 300mln payment and later today we have the US non-farm payrolls.

EUR/USD is testing 1.1120 at the moment a break under the support will push the price further down. but in both ways It's weekend and the close of today will determine my position in Monday.