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EUR/USD
Biedrs kopš
2299 ieraksti
Feb 07, 2016 at 09:57
Biedrs kopš
2299 ieraksti
Momentum clearly is to upside now. at least it is not whale on the beach anymore. There is clear upside potential but not all resistance is broken and the pair is still in down trend. so. here what i am thinking.
daily:
https://www.mql5.com/en/charts/4594727/eurusd-d1-ava-financial-ltd
Long trade should be approached form 6-8 h TF.
still need to wait how price action on 6-8h chart will play out
area of interest is 1.0968 to 1.1070 roughly speaking
https://www.mql5.com/en/charts/4594727/eurusd-d1-ava-financial-ltd
and this should be had in mind. it is just consolidation on monthly and weekly. still can go to parity.
https://www.mql5.com/en/charts/4594741/eurusd-mn1-ava-financial-ltd
Current overall bias is long but patience is needed.
daily:
https://www.mql5.com/en/charts/4594727/eurusd-d1-ava-financial-ltd
Long trade should be approached form 6-8 h TF.
still need to wait how price action on 6-8h chart will play out
area of interest is 1.0968 to 1.1070 roughly speaking
https://www.mql5.com/en/charts/4594727/eurusd-d1-ava-financial-ltd
and this should be had in mind. it is just consolidation on monthly and weekly. still can go to parity.
https://www.mql5.com/en/charts/4594741/eurusd-mn1-ava-financial-ltd
Current overall bias is long but patience is needed.
Biedrs kopš
834 ieraksti
Feb 07, 2016 at 22:55
Biedrs kopš
834 ieraksti
On the upside, the pair seems have lost it's strength and downside movement seems limited above 1.1100 level.
Biedrs kopš
675 ieraksti
Feb 08, 2016 at 07:43
Biedrs kopš
675 ieraksti
EUR/USD recorded a decline on Friday. The session started at 1.1206 and the euro lost 54 pips after the US NFP report proved weaker than expected. Daily extreme values were reached respectively at 1.1243 and 1.1109. If the downward trend continues, the euro will reach the support at 1.1100.
Biedrs kopš
1141 ieraksti
Feb 08, 2016 at 08:44
Biedrs kopš
1141 ieraksti
On the last Friday’s session the EURUSD tried to rally but found enough resistance at 1.1237 to reverse and closed in the red, near the low of the day, however managed to close within the previous day range, suggesting a weak bearish momentum.
The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0961 (support) and the 50-day moving average at 1.0909 (support).
The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0961 (support) and the 50-day moving average at 1.0909 (support).
"I trade to make money not to be right."
Biedrs kopš
1117 ieraksti
Feb 08, 2016 at 15:45
(labots Feb 08, 2016 at 15:57)
Biedrs kopš
1117 ieraksti
The pair reached the support at 1.1086, formed a hammer candlestick on the one-hour time frame and started moving to the upside again. It's currently testing the resistance at 1.1140 and a breakout above that level would mean that it will likely continue climbing towards 1.1180 - 1.1200.
forex_trader_249603
Biedrs kopš
83 ieraksti
Feb 08, 2016 at 16:49
Biedrs kopš
83 ieraksti
I don't know..
Let's see how the current Greek situation will be played
Let's see how the current Greek situation will be played
Biedrs kopš
708 ieraksti
Feb 08, 2016 at 18:00
Biedrs kopš
708 ieraksti
The pair started rising. The main fundamental factors remain to support the US dollar. The rise last week showed that the time for correction has come.
Biedrs kopš
454 ieraksti
Feb 08, 2016 at 18:25
Biedrs kopš
454 ieraksti
EUR/USD is stuck between support and resistance 1.100 - 1.1200 for the past 3 days.
Biedrs kopš
413 ieraksti
Feb 08, 2016 at 19:24
Biedrs kopš
413 ieraksti
Yes Sherif and we stuck with it too, Hope the EUR/USD continue to climb to 1.1400 level this week.
Biedrs kopš
834 ieraksti
Feb 08, 2016 at 23:41
Biedrs kopš
834 ieraksti
On the upside, the pair lack of strength to go above 1.1200 handle, and with limitation on the downside too Eur/Usd is still directionless.
Biedrs kopš
675 ieraksti
Feb 09, 2016 at 08:44
Biedrs kopš
675 ieraksti
The single currency recorded an increase against the US dollar on Monday. After a volatile session, the euro added 51 pips at a closing price of 1.1192 points. The pair bounced from support at 1.1100 and headed up. If the upward trend continues, the pair will test the first resistance at 1.1286.
Biedrs kopš
1141 ieraksti
Feb 09, 2016 at 08:46
Biedrs kopš
1141 ieraksti
Yesterday the EURUSD initially fell but found enough support at 1.1097 to turn around and close near the high of the day, however closed within the previous day range, suggesting a weak bullish momentum.
The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 10-day moving average at 1.1045 (support), the 200-day moving average at 1.1026 (support), and the 50-day moving average at 1.0923 (support).
The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 10-day moving average at 1.1045 (support), the 200-day moving average at 1.1026 (support), and the 50-day moving average at 1.0923 (support).
"I trade to make money not to be right."
Biedrs kopš
708 ieraksti
Feb 09, 2016 at 09:34
Biedrs kopš
708 ieraksti
In my opinion the next interesting levels to watch for are: Support - 1.1100; 1.0975; 1.0854; Resistance - 1.1286.
Biedrs kopš
1117 ieraksti
Feb 09, 2016 at 17:34
Biedrs kopš
1117 ieraksti
The move to the upside continues, the pair will likely reach 1.1400 soon and I think it's possible it will reach 1.1500 too in the foreseeable future.
Biedrs kopš
454 ieraksti
Feb 09, 2016 at 18:49
Biedrs kopš
454 ieraksti
EUR/USD continue climbing again. I dont see any obsticle infront of the pair to stop the price progress till 1.1350
Biedrs kopš
413 ieraksti
Feb 09, 2016 at 19:05
Biedrs kopš
413 ieraksti
The EUR/USD in it is way to the resistance level at the 1.1400 if it is broke above the 1.1340 today.
Biedrs kopš
834 ieraksti
Feb 09, 2016 at 23:56
Biedrs kopš
834 ieraksti
victoriajensen posted:
The move to the upside continues, the pair will likely reach 1.1400 soon and I think it's possible it will reach 1.1500 too in the foreseeable future.
I agree, the rally could extend further to the next handle at 1.1460, but in the short term upside movement seems has lost its strength and currently correcting around 1.1280/90.
Biedrs kopš
775 ieraksti
Feb 10, 2016 at 03:55
Biedrs kopš
775 ieraksti
The bullish trend is still in place for the EURUSD, the 1.1400 level could be its next stop if it continues going higher.
Biedrs kopš
675 ieraksti
Feb 10, 2016 at 08:29
Biedrs kopš
675 ieraksti
The single currency recorded a second consecutive positive session on Tuesday. After a volatile trading day, the euro added 99 pips at a closing price of 1.1291. The graphics continue to develop over moving averages, while the index of relative strength remained on neutral territory. The outlook remain in favor of the bulls, but for further gains is needed a break of levels at 1.1363.
Biedrs kopš
708 ieraksti
Feb 10, 2016 at 09:50
Biedrs kopš
708 ieraksti
The single currency reached a 3-month high against the US dollar, climbed to 1.1292 an increase of 0.92% for the day. The daily range was between 1.1162 and 1.1338, which is the highest level of the euro from October 21 onwards. For the past 12 sessions, this is the 10th in which the euro rises since the beginning of the year, the single currency has risen by about 4.5 percent against the dollar.
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