EUR/USD

I see no chance for a useful trade in EUR/USD for the 2nd day this week, any one can tel me when we will see good move? Hope the US homes sale will move things if it came as expected.

It seems like only very good or very bad news can make the EURUSD leave the consolidation area around the 1.0900 level. Lets see how it reacts to the upcoming fundamentals.

My student caught 60 points today out of 80 on eur/usd,her training is paying off.

The euro recorded a modest increase against the US Dollar on Tuesday. The session started at 1.0890 ended just 16 pips higher. Daily extreme values were reached respectively at 1.0859 and 1.0938. If the euro continues to move upward, we can expect an attempt to test the first resistance at 1.0975.

On yesterday session the EURUSD went back and forward without any clear direction but closed in the green, in the middle of the daily range, in addition managed to close within the previous day range, suggesting that the pair should continue with the consolidation.

The pair closed above the 10 and the 50-day moving averages that are acting as a dynamic support.

The key levels to watch are: 200-day moving average at 1.1047 (resistance), previous swing high at 1.0984 (resistance), 10-day moving average at 1.0898 (support), the 50-day moving average at 1.0844 (support) and the last swing low at 1.0805 (Support).

EUR/USD is testing 1.0900 again, but I don't see it falling past 1.0860 before the ECB press-conference tomorrow.

For more than a week there is no chance on the EUR/USD, The trading range is tight and the pair is trading sideways.

The EUR/USD tested 1.0984 resistance level today but unsuccessfully could not pass over it and fell under the 1.0900 level and the pair keep on moving in the same range.

EUR/USD rose on Tuesday, staying near month peak against the backdrop of ever more likely that the Federal Reserve may slow the second rise in interest rates after the International Monetary Fund lowered its global economic growth forecasts for the year.

The pair is bouncing around 1.0900 level and is still directionless, let's see what will happen with the ECB press-conference tomorrow.

sherifFares posted:
For more than a week there is no chance on the EUR/USD, The trading range is tight and the pair is trading sideways.

I guess you can still try to trade within the range (buy low, sell high) if you want to stick with EURUSD. But not something I do myself.
As I found there are so many other pairs trending so well. :)

On Wednesday session the single currency recorded a modest decline against the US dollar. After a volatile session the euro lost 18 pips. The pair failed to break the range in which was traded recently. A significant challenge for the pair downwards appear at levels 1.0854 and a possible breakthrough will enable the continuous decrease.

On yesterday session the EURUSD initially tried to rise but found enough resistance at the previous swing high at 1.0984 to reverse and close in the red, near the low of the day, in addition managed to close within the previous day range, suggesting that the pair should continue with the consolidation.

The pair closed above the 10 and the 50-day moving averages that are acting as a dynamic support.

The key levels to watch are: 200-day moving average at 1.1046 (resistance), previous swing high at 1.0984 (resistance), 10-day moving average at 1.0891 (support), the 50-day moving average at 1.0848 (support) and the last swing low at 1.0805 (Support).

Barclays forex strategists revealed that they prefer to sell EUR/USD in it's attempts to growth, which will probably be limited by resistance in the $ 1.1060.

No change in the numbers,we will see what Mario has to say,I expect more downside risk than upside.

I was expecting 1.03 by the end of the month. Man.

Nice impacts during the ECB press conference!
(still can't believe that 'Kieran' missed it :) ! )

😲

EUR/USD fell to 1.0780 and bounced off that support again. We can likely expect a new move to the upside towards 1.0900.

The dollar remained almost unchanged against the other major currencies on Wednesday, even after disappointing US economic data and concerns over declining oil prices continued to support the yen and Swiss franc. EUR/USD ended slightly lower at 1.0889.