EUR/USD

ECB in 45mins lets see what Super Mario can do for the euro, don't expect much!

Looks like an Algo spike on euro ,I closed out just mins before 6pm even though I would have picked up some extra pips on the bounce, better to play it safe.

With the way it's rallying it could reach 1.1500 eventually. I guess it depends on the situation in the States.

1.12950 I would see as a first major ceiling on the weekly chart, for sure the Trump mania doesn't invoke a lot of confidence at the moment.

snapdragon1970 posted:
1.12950 I would see as a first major ceiling on the weekly chart, for sure the Trump mania doesn't invoke a lot of confidence at the moment.

You were absolutely correct. With the constant political drama in the States who knows how it will behave next week.

Political uncertainty will probably keep dollar continuing under pressure, we have German data next week, strong number will result further gains in Euro.

Spotting a breakout!

The pair has been turned away from 1.12 level, consolidating on the downside and found immediate support around 1.1160/61 zone.

EUR/USD VULNERABLE AFTER ECB DRAGIH'S SPEECH

The EUR/USD pair failed several attempts to regain 1.12 handle and traded almost unchanged throughout the Asian session, as markets await ECB Draghi’s speech for next direction.

The major has entered a phase of downside consolidation, after having dipped to 1.1170 levels in the overnight trades, in response to a broad bid in the US dollar.

Reference: https://forexdaytips.blogspot.com/2017/05/eurusd-vulnerable-after-ecb-dragihs.html

Currently, EUR/USD is trading at 1.1176, down -0.06%, having posted a daily high at 1.1192 and low at 1.1177.

Euro seems has lost its upside momentum against dollar, I'm expecting the pair continues its consolidation movement until this Friday Nonfarm Payrolls decide a new direction.

While Dollar is still in its weakness, Eur/Usd seems have more room on the upside, we are looking at ECB's monetary policy meeting on Thursday. Key resistance level can be located at 1.1300 level.

The EUR/USD pair extended its corrective slide in Asia, after having peaked at seven-month tops of 1.1285 on the back of poor NFP data-led massive USD sell-off across the board.

EUR/USD - Seems it is 'dollar' day :).
Most likely we may see test at 1.1210/15 shortly.

Looking at the 4hr chart I would like to see it come back down and re test 1.1200 before I would take a trade.

EUR/USD - on smaller charts looks may going up for testing 1.1270/75

1.1276 its getting some support has to break 1.1282 again then we hit the last spike high, notice that it moved past that ceiling by just a few points ,usually a clear sign of reversal, which we got.

UER/USD will test 1.13 in the coming weeks

EURUSD TP 1.1325 by June 24th, 2017

Large vanilla options at 1.1200 expire at 2pm GMT, noted earlier that this would be an important area.