EUR/USD
Membro Desde Jul 10, 2014
1117 posts
Feb 13, 2017 at 13:56
The pair is still testing the support at 1.0600, but I don't expect a breakout before the fundamentals later this week.
Feb 13, 2017 at 17:22
(editado Feb 13, 2017 at 17:25)
Broke 1.06 slightly, but the dollar index is still struggeling to keep on gains above 101 sa the dollar struggle with gains in CAD, GBP and JPY. But is now being fairly supported at 100.60. 101.50 next if dollar overcome EURUSD 1.06?
Membro Desde Feb 22, 2015
178 posts
Feb 13, 2017 at 18:31
It looks like central banks must not want the EURO to rise.
USD consumer confidence is down and yet the price of EUR/USD continue to fall.
USD consumer confidence is down and yet the price of EUR/USD continue to fall.
Anexos:
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Feb 13, 2017 at 18:33
Cryptocurrency posted:
It looks like central banks must not want the EURO to rise.
USD consumer confidence is down and yet the price of EUR/USD continue to fall.
Le Pen lead is way more scary then that democrats are less confident consumers.
Membro Desde Feb 22, 2015
178 posts
Feb 13, 2017 at 18:35
csc2009 posted:rosentray posted:
EUR/USD's next week should be interesting!
There are no important data scheduled next week in Europe and US, focus stay on political headlines, another word: ''Trump''.
Trump is not a word. Anyhow, there is important news coming soon for EURO.
The EURO german GDP.
Anexos:
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Membro Desde Apr 08, 2014
1141 posts
Feb 14, 2017 at 09:25
On yesterday session, the EURUSD initially rose but found enough selling pressure at Friday’s open to reverse and close near the low of the day, in addition the currency pair managed to close below Friday’s low, which suggests a strong bearish momentum.
The currency pair closed shy below the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0697 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0599 (support) and a daily support at 1.0462.
The currency pair closed shy below the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0697 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0599 (support) and a daily support at 1.0462.
"I trade to make money not to be right."
Feb 14, 2017 at 13:00
(editado Feb 14, 2017 at 13:01)
Eyes on Yellen, will she opening the door to increase chances of a march hike, or kill it. That will etermine the direction the dollar will take. Also important if she still believes in 3 hikes this year, and the status of the economy.
Membro Desde Sep 12, 2015
1948 posts
Feb 14, 2017 at 13:10
If you look at the data that should give you a clue, Yellen only reacts to the latest data.
"They mistook leverage with genius".
Feb 14, 2017 at 13:22
snapdragon1970 posted:Sure, but the question is rather what is good for the Fed. Which can be very different from what consensus and market expectations.
If you look at the data that should give you a clue, Yellen only reacts to the latest data.
Membro Desde Sep 12, 2015
1948 posts
Feb 14, 2017 at 14:11
The Fed hasn't got a clue what its doing, boom and bust cycles , all its got is the latest data, make a nice report and look good.
"They mistook leverage with genius".
Membro Desde Apr 08, 2014
1141 posts
Feb 15, 2017 at 08:03
On yesterday session, the EURUSD initially rose but found enough selling pressure at 1.0622 daily resistance to reverse and close near the low of the day, in addition the currency pair managed to close below Monday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0678 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0602 (resistance) and a daily support at 1.0462.
The currency pair is trading below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0678 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0602 (resistance) and a daily support at 1.0462.
"I trade to make money not to be right."
Membro Desde Feb 22, 2015
178 posts
Feb 15, 2017 at 14:28
(editado Feb 15, 2017 at 14:29)
It looks like the EURO is undervalued.
I've decided to buy more EUROs
I'm going to value the EURO at 1.09 to 1.10
I've decided to buy more EUROs
I'm going to value the EURO at 1.09 to 1.10
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Membro Desde Jul 10, 2014
1117 posts
Feb 15, 2017 at 14:52
EUR/USD found some support at 1.0520 but the move to the downside will likely continue. A breakout below that level will probably lead to a further drop towards 1.0440.
Membro Desde Feb 22, 2015
178 posts
Feb 15, 2017 at 15:39
victoriajensen posted:
EUR/USD found some support at 1.0520 but the move to the downside will likely continue. A breakout below that level will probably lead to a further drop towards 1.0440.
I'm sure other banks will find this a great opportunity to acquire more EUROs for cheap.
I trade Forex using my Bollinger Trend PRO mt4 indicator.
