EUR/USD

alexforex007 posted:
The EURUSD is not going to show any movement until we get the statement from the FED and the NFP report out of the US.

I fully agree with you.

thank you for all

Attention to a breakout of the current range in the EURUSD between the 1.3800 level and the 1.3900.

Yes definitely a break of those levels will set the direction of EURUSD for the next weeks or even months to come.

The market is just waiting to see what Mr. Draghi will do in the upcoming ECB meeting about economic policies.

Finally it broke the 1.39 level and is not waiting for the ECB meeting. I already can see the next level 1.40.

Yes, 1.39 level is reached before the ECB meeting, I don't think it will be long for 1.40 level to be reached.

You are right, 1.40 level won't be long.

EURUSD is ranging between 1.3910 and 1.3930 (20 pips) ahead of Yellen Testimony. Today could be make-or-break for the 1.40 level.

With the interest rate announcement on Thursday, I think the market is not going to breakout quite just yet.

Yes, but in the mean time the EURUSD may bounce to the upside from the 1.3900 level or consolidate above that zones.

peeterwoolf posted:
With the interest rate announcement on Thursday, I think the market is not going to breakout quite just yet.

I agree with you. Today will be like the “D-day” ECB rate decision and also Mario Draghi speech.

alexforex007 posted:
Yes, but in the mean time the EURUSD may bounce to the upside from the 1.3900 level or consolidate above that zones.

I agree, the price is going up as we speak, look like the market is pull back slightly from yesterday's falling just before the ECP interest rate announcement.

It's not for long, wait is almost over!😄

Strong drop on the EURUSD, but we must realize that today's drop does not change the trend, which remains bullish on the pair.

Remember 1.3820? 1.3820 is long term prior resistance and current support. It's like a magnet, cause institutions wants to test it if large buy orders is still there. Or rather - if there are sellers just below 1.3820. Of course, volatility factor might extend this number to 1.3808. Below 1.3808 long term stops would trigger, momentum short term players would pick up the ride.
Did post charts before. It is pitty, they ve been removed by FXBook. No idea why.

INOUGibraltar posted:
Remember 1.3820? 1.3820 is long term prior resistance and current support. It's like a magnet, cause institutions wants to test it if large buy orders is still there. Or rather - if there are sellers just below 1.3820. Of course, volatility factor might extend this number to 1.3808. Below 1.3808 long term stops would trigger, momentum short term players would pick up the ride.
Did post charts before. It is pitty, they ve been removed by FXBook. No idea why.

I agree with the analysis, because Draghi’s dropped yesterday an unexpected bombshell that the governing council is comfortable with acting next time, speculating on an easing policy in June.

That was one big bombshell Draghi's drop to stop the euro breaking through the 1.40 level.

I'm just glad that I took the profit before the 'drop'.😉