EUR/USD

Wulfie posted:
question: Why is EUR/USD despite of a bad nonfarm payrolls result going down?

The result was much worse then the expected result. How can this already be priced in ?

could somebody please answer my question?

On the last Friday’s session the EURUSD fell with a wide range and closed near the low of the day, in addition the currency pair managed to close below Thursday’s low, which suggests a strong bearish momentum.

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

The key levels to watch are: the 50-day moving average at 1.0655 (resistance), the 10-day moving average at 1.0681 (resistance), a daily resistance at 1.0622, a Fibonacci retracement at 1.0584 (support) and other Fibonacci retracement at 1.0527 (support).

EUR/USD dropped significantly after the fundamentals on Friday, breaking out below 1.0630. It's currently testing the support at 1.0570 and a breakout below that level too could lead to a further drop towards 1.0500.

At the moment the EUR/USD is losing 0.13% at 1.0577 and a breach of 1.0570 (low Apr.10) would target 1.0523 (low Mar.9) en route to 1.0493 (low Mar.2). On the flip side, the immediate hurdle aligns at 1.0624 (100-day sma) followed by 1.0669 (55-day sma) and finally 1.0690 (high Apr.5).

EUR/USD has turned to bearish mode and the uptrend for now seems to be limited. The pair has surpassed the important 50-day moving average last week and the bears are now aiming the 61.8% Fibonacci level at 1.0555. The bearish case might be compromised only above the resistance at the 38.2% Fibonacci level at 1.0685.

EUR/USD failed to stay above the 1.06 handle and has entered in consolidation phase. Same level remains strong resistance while first support is seen at 1.0568 and lower at 1.0535.

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, however the currency pair closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch are: the 50-day moving average at 1.0652 (resistance), the 10-day moving average at 1.0641 (resistance), a daily resistance at 1.0622, a Fibonacci retracement at 1.0584 (support) and other Fibonacci retracement at 1.0527 (support).

Hey guys,

I have a EUR/USD pending order at 1.064 TP you think the market will change in my favor?

After forming a double bottom at 1.0570 visible on the one-hour time-frame EUR/USD bounced off from that level and started moving to the upside again. The pair has already broken above 1.0600 again and its next target is likely 1.0660.

EUR/USD is flirting with 1.06 level and is offering no indications for strong direction change. Amid the uncertainty around French elections , the single currency may not push higher.

On yesterday session, the EURUSD again went back and forward without any clear direction but closed in the green, in the middle of the daily range, however the currency pair closed within Monday’s range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch are: the 50-day moving average at 1.0652 (resistance), the 10-day moving average at 1.0634 (resistance), a daily resistance at 1.0622, a Fibonacci retracement at 1.0584 (support) and other Fibonacci retracement at 1.0527 (support).

Hi guys, when you think the pair will increase to 1.06411 ?

On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Tuesday’s high, which suggests a strong bullish momentum.

The currency pair closed above the 10 and the 50-day moving averages that should provide dynamic support and is trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a Fibonacci level at 1.07132 (resistance), the 50-day moving average at 1.0653 (support), the 10-day moving average at 1.0635 (support), a daily support at 1.0622, and a Fibonacci retracement at 1.0584 (support).

EUR/USD posted fresh high at 1.0676 this morning, but retreated later to currently trade at 1.0640. This area is vunerable for the pair, as provides chance for further slide towards the 100-day SMA at 1.0625, below which retest of 1.0600 mark is expected.

Technical resistances for the pair are aligned at 1.0687/90 (Apr 6 & 5 high), 1.0733 (R2/ Fib R3) and finally 1.0796 (200-DMA). On the flip side, the spot finds next support at 1.0656/50 (50-DMA/ psychological levels), a break below that level could open the door to 1.0630/24 (100 & 5-DMA) and 1.0600 (key support).

EUR/USD reached 1.0608 before bouncing off from that support, but that may not be the end of the move to the downside. If it breaks out under the aforementioned support it could reach 1.0570 again.

It looks like some people are expecting the price of EUR/USD to go to 1.09

EUR/USD is now trading relatively high at 1.0622. The pair might need a boost from fundamentals in order for it to gain some more momentum and continue its way North.

On yesterday session, the EURUSD fell with a narrow range and close near the low of the day, however the currency pair closed within Wednesdays range, which suggests being slightly on the bearish side of neutral.

The currency pair closed below above the 10 and the 50-day moving averages that should provide dynamic resistance and is also trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a Fibonacci level at 1.07132 (resistance), the 50-day moving average at 1.0654 (resistance), the 10-day moving average at 1.0631 (resistance), a daily support at 1.0622, and a Fibonacci retracement at 1.0584 (support).