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EUR/USD
Membro Desde Oct 02, 2014
909 posts
Jul 24, 2016 at 22:30
Membro Desde Apr 09, 2016
421 posts
On Friday ECB published the results of the survey from professional forecasters.
Forecasts for 2016 GDP and CPI have not changed, so that the bank have no reason to sharply increase incentives in the near future. A decline of the EUR/USD could be caused only by the power of the dollar, expecting euro weakness in the current situation has no grounds.
Forecasts for 2016 GDP and CPI have not changed, so that the bank have no reason to sharply increase incentives in the near future. A decline of the EUR/USD could be caused only by the power of the dollar, expecting euro weakness in the current situation has no grounds.
Jul 25, 2016 at 05:43
Membro Desde May 01, 2015
675 posts
The single currency recorded a decreased against the US dollar on Friday. The session started at 1.1023 and the pair lost 50 pips at a closing price of 1.0973. The price broke through the first support at 1.0980. In the short term outlook remains negative, the graph continues to develop under the moving averages.
Jul 25, 2016 at 06:20
Membro Desde Feb 24, 2016
277 posts
The EUR/USD is trading at support at 1.0970. If this level is broken we might see an attempt of Bears to go to 1.0900. On the other hand, it 1.0970 is a successful support Bulls might attempt to break above first resistance at 1.1035.
Membro Desde Apr 08, 2014
1141 posts
Jul 25, 2016 at 07:40
Membro Desde Apr 08, 2014
1141 posts
On the last Friday’s session the EURUSD fell with a wide range and closed in the red, near the low of the day, in addition managed to close below Thursday’s low, suggesting a strong bearish momentum.
The pair continues to trade below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1166 (resistance), the 200-day moving average at 1.1122 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1045 (resistance) and daily support 1.0900.
The pair continues to trade below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1166 (resistance), the 200-day moving average at 1.1122 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1045 (resistance) and daily support 1.0900.
"I trade to make money not to be right."
Jul 25, 2016 at 10:33
Membro Desde Nov 16, 2015
708 posts
On Wednesday and Thursday EUR/USD tested the important level around 1.0980, trying to form a double bottom on the daily chart. A break below 1.0910 will confirm the end of the four-week period of consolidation and will pave the way for a test of support 1.0800- 1.0750 dollars.
On the other hand, if the pair goes back above key resistance 1.1050-80 dollar break through 1.1190, it will allow the pair to test 1.1420-30.
On the other hand, if the pair goes back above key resistance 1.1050-80 dollar break through 1.1190, it will allow the pair to test 1.1420-30.
Membro Desde Jul 10, 2014
1117 posts
Jul 25, 2016 at 11:00
Membro Desde Jul 10, 2014
1117 posts
EUR/USD bounced off 1.0950 again. Since range continues its next target is likely around 1.1060.
Jul 26, 2016 at 05:12
Membro Desde May 01, 2015
675 posts
The sungle currency marked a slight increase the US Dollar on Monday. The pair added 21 pips at a closing price of 1.0993. After a volatile session, the price broke the first resistance at 1.0980. Next target appears to be the resistance at 1.1100.
Membro Desde Apr 08, 2014
1141 posts
Jul 26, 2016 at 07:01
Membro Desde Apr 08, 2014
1141 posts
Yesterday the EURUSD initially fell but found enough support at 1.0970 to reverse and closed near the high of the day, although closed within Fridays range, which suggests being slightly on the bullish side of neutral.
The pair continues to trade below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1159 (resistance), the 200-day moving average at 1.1125 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1026 (resistance) and daily support 1.0900.
The pair continues to trade below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1159 (resistance), the 200-day moving average at 1.1125 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1026 (resistance) and daily support 1.0900.
"I trade to make money not to be right."
Jul 26, 2016 at 07:12
Membro Desde Feb 24, 2016
277 posts
EUR/USD looks a bit uplifted in today's early hours of the European session. The pair reached a high of 1.1020 and is currently trading at 1.1011. Main trend on the short-term is bullish. Scheduled for later today is the US Consumer Confidence that may create volatility in the pair.
Jul 27, 2016 at 05:17
Membro Desde May 01, 2015
675 posts
The single currency recorded a slight decline against the US dollar on Tuesday. The session started at 1.0994 and closed at 1.0985. The graphics continue to develop under the moving averages, while the relative strength index remained on neutral territory. If the downward trend continues we may expect a break of the support at 1.0980.
Membro Desde Apr 08, 2014
1141 posts
Jul 27, 2016 at 06:44
Membro Desde Apr 08, 2014
1141 posts
Yesterday the EURUSD tried to rally but found enough resistance at the 10-day moving average to reverse and closed near the low of the day, although closed within the previous day range, which suggests being slightly on the bearish side of neutral.
The pair continues to trade below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1156 (resistance), the 200-day moving average at 1.1126 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1013 (resistance) and daily support 1.0900.
The pair continues to trade below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1156 (resistance), the 200-day moving average at 1.1126 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1013 (resistance) and daily support 1.0900.
"I trade to make money not to be right."
Membro Desde Jul 10, 2014
1117 posts
Jul 27, 2016 at 10:12
Membro Desde Jul 10, 2014
1117 posts
I agree, the pair is consolidating in preparation for the fundamentals that will be released later today. I expect it will reach 1.1020 - 1.1030 for now, but once the news come out there should be major volatility.
Jul 28, 2016 at 05:38
Membro Desde May 01, 2015
675 posts
The single currency marked an increase against the US dollar on Wednesday. The session started at 1.0985 and closed 72 pips higher. The intraday high was reached at 1.0961 and the low at 1.1064. If the keep the direction, we mayn expect a test of first resistance at 1.1100.
Membro Desde Apr 08, 2014
1141 posts
Jul 28, 2016 at 06:47
Membro Desde Apr 08, 2014
1141 posts
Yesterday the EURUSD initially fell but found enough support at 1.0970 key level to reverse and closed near the high of the day, in addition managed to close above the previous day high, which suggests a strong bullish momentum.
The pair closed above the 10-day moving average that now should act as a dynamic support however it continues to trade below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1155 (resistance), the 200-day moving average at 1.1126 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1015 (support) and daily support 1.0900.
The pair closed above the 10-day moving average that now should act as a dynamic support however it continues to trade below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1155 (resistance), the 200-day moving average at 1.1126 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1015 (support) and daily support 1.0900.
"I trade to make money not to be right."
Membro Desde Dec 12, 2015
115 posts
Jul 28, 2016 at 07:28
Membro Desde Dec 12, 2015
115 posts
rosentray posted:
The EUR/USD is trading higher after the FED decided to leave the rates unchanged. The pair went from 1.0961 to a current market price of 1.1109. First resistance is seen at 1.1140, while first support is found at 1.1020.
Your conclusion is based on what?
Membro Desde Jul 10, 2014
1117 posts
Jul 28, 2016 at 10:37
Membro Desde Jul 10, 2014
1117 posts
EUR/USD bounced off the resistance at 1.1120, but if it breaks above it next target is likely 1.1160, which is (MA)89 on the daily time-frame.
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