EUR/USD

sherifFares posted:
EUR/USD a break over yesterday's highest price resistance levels will push the price towards the next resistance level 1.1370.

I think it will have to break above the resistance at 1.1280 first before reaching 1.1370.

The EURUSD continues rallying, but lets see if it breaks the 1.1300 level.

The euro began the second day of the week with a significant increase against the US dollar. Bulls prevailed and the single currency rebounded from support at 1.1180. The euro added 84 pips at a closing price of 1.1269 points. If the price continues to rise, the pair will reach the first resistance at 1.1290.

Yesterday the EURUSD rally and closed in the green near the high of the day with a narrow range, creating a 2nd inside day.

The currency closed back above the 10 and 50-day moving averages as it continues in a range bound move around the two moving averages since the end of September.

The key levels to watch are 1.1460 (Resistance), 1.1237 (support) and 1.1097 (support).

alexforex007 posted:
The EURUSD continues rallying, but lets see if it breaks the 1.1300 level.

It stopped right at 1.1280, formed a doji candlestick on the four-hour fillter chart and moved to the downside again. I suspect it will continue falling until it reaches 1.1140 if it manages to break below the support at 1.1230.

I see that the EUR/USD fell today heading to the 1.1230 support level but we will see if it will close below the 1.1280 level.

for two weeks now EUR/USD is swinging between the support level 1.1150 and resistance level 1.1300.

The pair is ranging, trading almost flat near 1.123 level, limited by bulls and bears, no clear direction yet.

The pair recorded a decrease on Wednesday session. The price went down from the start of trading day and the euro lost 34 pips. The graphics continued to develop over moving averages, while the relative strength index remained neutral. If the downward trend continues, the price will reach the support at 1.1180.

Yesterday the EURUSD fell with a narrow range and closed in the red at the middle of the daily range, creating a 3rd inside day.

The currency managed to close above the 10 and 50-day moving averages as it continues in a range bound move around the two moving averages since the end of September.

The key levels to watch are 1.1460 (Resistance), 1.1237 (support) and 1.1097 (support).

EUR/USD daily chart
when looking at the daily chart, we see the highest high of August at around 1.1713
in September we see the highest high at around 1.1460.
This September high point is considered the first attempt to take out the August high.
This month it is possible to see another attempt to take out the August high of 1.1713
This attempt is called the 'second time around', which makes the high from September (1.1460)
a major entry price point.

Add 1 pip to the highest point of September (1.1460 on our charts) and place a buy-stop order.

1st exit would be near 1.1780 (cavity-stop)
2nd exit would be near 1.1880 (2nd cavity-stop)
3rd exit would be below the GAP near 1.1970

Place your initial SL 4 pips below the low of the Sept. 23rd bar, which is 1.1104 on our charts.
Calculate the lot/size using the distance from entry-price to SL and the percentage risk you are willing to take.
In an earlier posting I have explained how this calculation is done.

The daily chart currently is in congestion with 14 bars, including today's bar.
We do not trade any bar before bar 17 in congestion.
The congestion is over when there is a bar that has open and close price outside the measuring bar (MB)
The high of the MB is 1.1329 and the low of the MB is 1.1180
It is the bar generated on Sept. 21st
As you can see, all following bars have either the open or the close price inside the high and low of the MB.
A congestion is bar count 11 through 21 (include the MB in the count).
After bar 21 it is considered a trading range.

If the attempt fails to take out the highest point from September, then a sell-stop order can be placed 1 pip below the low of Sept. 3rd, which is 1.1086 on our charts

EUR/USD bounced off the resistance at 1.1315 once again. I don't think we will see another attempt to break above that level before Fed releases the minutes from the FOMC meeting.

FOMC meeting minutes push EUR/USD to test 1.1300 next resistance level 1.1370.

The EUR/USD never test the 1.1370 resistance level in the last two weeks and i think this week too. We will see tomorrow how the pair will act.

The single currency registered an increase on Thursday. After a volatile session the euro added 39 pips at a closing price of 1.1275. Extreme values for the day were reached respectively at 1.1234 and 1.1325. if the neutral trend of the past two weeks continues, it is possible to test the first support at 1.118.

Yesterday the EURUSD rose with a wide range making a new short-term high but failed to sustain the momentum and closed at the middle of the daily range.

The currency managed to close above the symmetrical triangle on the daily time-frame plus suggesting that the range bound is over and a new trend is developing.

The key levels to watch are 1.1460 (Resistance), 1.1237 (support) and 1.1097 (support).

As long as the pair holds above 1.1250 level, the downside seems limited, on the upside 1.1300 become the key level to watch.

is that it will touch the resistance of 1.1460

If it breaks above 1.1400 it might continue climbing all the way towards the previous high at 1.1713.