EUR/USD

The euro recorded a slight decline against the dollar on Friday. The decrease was low and so the pair remained at the level of the last two days. If the bearish moods prevail, support at 1.2231 will be pierced. The session started at a rate of 1.2329 and the single currency lost 35 pips to the final. The bottom of the day was hit at 1.2279.

Interesting levels to watch for:
Support: 1.2231; 1.2165;
Resistance: 1.2453; 1.2556;

Will be waiting for Draghi later,should get some volatility and hopefully some nice pips.

On yesterday session, the EURUSD initially rallied but found enough resistance at the 10-day moving average to trim half of its gains and closed in the middle of the daily range, in addition managed to close within Friday’s range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch: a daily resistance at 1.2572, daily resistance at 1.2432, the 10-day moving average at 1.2339 (resistance), a daily support at 1.2287, the 50-day moving average at 1.2268 (support), a daily support at 1.2200 and other daily support at 1.2115.

On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Mondays’ low, which suggests a strong bearish momentum.

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

The key levels to watch: a daily resistance at 1.2432, the 10-day moving average at 1.2339 (resistance), a daily resistance at 1.2287, the 50-day moving average at 1.2268 (resistance), a daily support at 1.2200 and other daily support at 1.2115.

The euro/dollar did not make a substantial move yesterday. The signals are neutral for now. The price moved in a range of 100 pips between 1.2260 - 1.2360. It is needed a convincing breakthrough of this range to see a clearer direction. A clear break above 1.2360 may trigger upward testing for 1.2400 - 1.2435. On the other hand, a clear break and a daily closing below 1.2260 will clear the way to 1.2175 and trendline support. The main bullish signals remain valid, but as long as the price remains below the key resistance of 1.2537, we are still in the downward consolidation phase.

On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition managed to close below Tuesdays’ low, which suggests a strong bearish momentum.

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

The key levels to watch: a daily resistance at 1.2432, the 10-day moving average at 1.2285 (resistance), a daily resistance at 1.2287, the 50-day moving average at 1.2272 (resistance), a daily resistance at 1.2200 and daily support at 1.2115.

Eur/Usd has extended its fall to immediate support zone around 1.21630/20, break through the area would accelerate towards next handle at 1.2100.

OKay Thanks

EUR/USD - Massive Double Top has been formed on daily chart. It seems the price falls below the neckline and that would direct sentiment for further selloffs in mid term period with formation target around 1.1830/50. :)

Touched Jan 17 bottom,first touch netted 25 pips,second bounce from a higher Low,some banks calling 1.2100.

On yesterday session, the EURUSD initially fell but found enough buying pressure at 1.2154 to trim all its losses and closed near the high of the day, in addition managed to close above Wednesday’s high, which suggests a strong bullish momentum.

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

The key levels to watch: a daily resistance at 1.2432, a daily resistance at 1.2287, the 50-day moving average at 1.2280 (resistance), the 10-day moving average at 1.2279 (resistance), a daily support at 1.2200 and daily support at 1.2115.

Scalping can make profit, bias S this week.

Seeing some green in the closing hours of the session.

arigoldman posted:
Seeing some green in the closing hours of the session.

Sellers closing positions end of week panic.

The EURUSD may continue this week with some volatility, but without a clear direction. The oscillation may continue around the 1.2300 level with the 1.2400 as its closest resistance and the 1.2200 level as its most relevant support.

Eur/Usd starts the week with a small gap up, the gap is not yet recovered.

On the last Friday’s session, the EURUSD rose with a narrow range and closed near the high of the day, however managed to close above Thursday’s high, which suggests a strong bullish momentum.

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

The key levels to watch: a daily resistance at 1.2432, a daily resistance at 1.2287, the 50-day moving average at 1.2291 (support), the 10-day moving average at 1.2289 (support), a daily support at 1.2200 and daily support at 1.2115.

On yesterday session, the EURUSD initially fell but found enough support near Fridays open to trim most of its losses and closed near the high of the day, in addition managed to close within Friday’s range, which suggests being slightly on the bullish side of neutral.

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

The key levels to watch: a daily resistance at 1.2432, a key level at 1.2367 (resistance), a daily support at 1.2287, the 50-day moving average at 1.2298 (support), the 10-day moving average at 1.2292 (support), a daily support at 1.2200 and daily support at 1.2115.