EUR/USD

csc2009 posted:
The pair is showing limited movement ahead of the ECB, I guess we are expecting volatility on Thursday.

It's currently testing the support at 1.0950 and it will probably bounce off that level, but I doubt there will be much movement before the fundamentals tomorrow.

The hourly resistance at the 1.1044 stopped the EUR/USD rally and the pair falling to the opening price, Let us see if the pair will hold over the 1.1000 support level.

Another Doji on the EUR/USD, the trading range is very tight, price rebounds to the support level quickly.

The EUR/USD reached as high as 1.1036 in yesterdays session, but couldn't keep up with the gains and retraced back below 1.10 to currently trade at 1.0962.

Price is going to trade in current range until the news today come out and the press conference takes place as traders and investors are waiting for fresh news later today.

Yesterday EURUSD went back and forward without any clear direction although with a wide range and closed in the middle of the daily range, in addition managed to close within the previous day range, suggesting a lack of momentum and strong indecision among traders.

The pair closed above the 10-day moving average that is acting as dynamic support however did not managed to close above the 50 and the 200-day moving averages that are acting as dynamic resistance.

Today the markets are expecting an unchanged interest rate for the Euro zone and foremost the ECB president Mario Draghi speech looking for clues on a potential increase of QE due to the global economy slowdown.

The key levels to watch are: A daily resistance at 1.1236, other daily resistance at 1.1097, the 200-day moving average at 1.1021 (resistance), 50-day moving average at 1.1000 (resistance), the 10-day moving average at 1.0954 (support) and a daily support at 1.0900.

Fundamentals ....

Eur/Usd is showing very limited movement ahead of the ECB, let's see what Draghi will deliver.

Waw. Just 1200 pips lower. Ok, I'm new, and I would love for someone to explain why ICMarkets EURUSD M1 data and Pepperstone for the same pair/timeframe is so vastly different... Respectively on MT4 Win and one on MT4 iPhone. (sorry no screenshots, but maybe you can see it yourself?

Is this how brokers make their money? Add a bit of their own volatility when everyone is looking the other way, bit of order out of chaos?

It looks very suspicious, esp since both brokers seem heavily regulated and didn't come across as crooks?

Thanks for any honest responses

Well, what do you know
ICMarkets


Pepperstone

ICMarket have holes. Either they didn't have any quotes to give, or it was technical issues.

I made money (only about 2500$) on both grid system and scalping on Pepperstone. No issues.

I am using ICMarket I have no holes.

csc2009 posted:
Eur/Usd is showing very limited movement ahead of the ECB, let's see what Draghi will deliver.

 The fundamentals today definitely had quite an effect on the pair - it bounced off the support at 1.0820 and broke above 1.1000 again. Next target is at 1.1240.

The 1.2000 resistance level blocked the EUR/USD raising after the chain of the supportive news for the EUR against the US dollar, It was impressive gain in the last 4 hours.

ECB decision today spiked the EUR/USD to reach highest level in 1 month now resistance level 1.1210 is not going to be hard to break then next level is the highest price in 2016.

oFortuna posted:
Well, what do you know
ICMarkets


Pepperstone

Was there much difference in the price?

stian posted:
ICMarket have holes. Either they didn't have any quotes to give, or it was technical issues.

I made money (only about 2500$) on both grid system and scalping on Pepperstone. No issues.

Thanks. My experience as well, both on demo though. I talked to IC Markets and this was their response.

Client
1:10 am
I have +1,000 pips gaps... Don't have them with other brokers
Jessica
1:11 am
what is symbol ? and account type is this Sir
Client
1:12 am
this is EURUSD M1 demo account
Jessica
1:13 am
Gaps tend to occur at times in the demo accounts during high volatility and news releases, as the data for the demo account is obtained from the Live Server (gaps do not occur on the Live accounts). Therefore, at times when there are extremely quick markets movements the latency between live and demo servers does play a role, causing the gaps in the demo charts..

The euro registered a significant increase against the dollar on Thursday. The single currency has advanced considerably shortly after the meeting of the European Central Bank. So losses from beginning of the week were completely wiped out, and the two resistances at 1.1066 and 1.1119 were pierced. If the bullish trend continues, the pair will reach the key level at 1.1244.

Yesterday EURUSD initially fell 177 pips but found enough buying pressure at 1.0819 daily support to turn around and close near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.

The pair closed above the 10, 50 and the 200-day moving averages -day moving averages that are acting as dynamic support.

Due to the 183 pips extent move the market might retrace back to 1.1097 daily support before another leg up.

The key levels to watch are: The year high at 1.1376 (resistance), a daily resistance at 1.1236, daily support at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.1012 (resistance) and the 10-day moving average at 1.0999 (support).

The single currency hit low against the dollar after the ECB announcement. Subsequently, however, the euro recovered positions and shoot up after ECB President Mario Draghi said he does not expect a need for new interest rate reduction in the future, but interjected that 'this fact is subject to change.'