EUR/USD

takechance posted:

takechance posted:
The pair is just now breaking below an important wave support at 1.0713. High chance of reaching 1.0520 again.

At the end of the day somehow managed to close at 1.0735, above that crucial support and formed a doji candle which indicates market is again undecided and waiting for a clear signal coming out of the Friday meeting.

Once again came back closer to that important 1.0713 support. Breaking this should find way to 1.0520. Lets see.

Yesterday the EURUSD initially rose after a bounce on the 10-day moving average but found enough selling pressure at 1.08 psychological level to turn around and close in the red near the low of the day. We continue to see choppy trading while we wait for the Eurogroup meeting tomorrow, the 24th of April. The pair is still being squeezed between the 10 and 50-day moving average.

Eur/Usd is still ranging between 1.0700 and 1.0800, it seems the news did not make much changes.

peeterwoolf posted:
Eur/Usd is still ranging between 1.0700 and 1.0800, it seems the news did not make much changes.

True. I am hoping the Eurogroup meeting tomorrow might provoke some volatility or we'd have to wait until next week before we see any changes.

EUR / USD traded higher on Wednesday, but 'hit' the resistance in the 1.0800 and fell.
Short-term oscillators support a frame something negative.
The RSI fell below the 50 line, while the MACD got a negative sign.
In the bigger picture, the EUR / USD is still trading below the moving averages 50 and 200 days.

bewayopa posted:
EUR / USD traded higher on Wednesday, but 'hit' the resistance in the 1.0800 and fell.
Short-term oscillators support a frame something negative.
The RSI fell below the 50 line, while the MACD got a negative sign.
In the bigger picture, the EUR / USD is still trading below the moving averages 50 and 200 days.

Nice technicals but they could mean absolutely nothing when it comes to tomorrow's euro group meeting

Price got a little push to break the resistance but I still need to see a close over the resistance on the daily chart.

ِِA slight progress today EUR / USD and tomorrow for our German Ifo business climate index with a positive outlook. May be we will see more up.

lets see how the EURUSD keeps reacting to tomorrow's news, it could decide if it takes a more definite direction then.

Yesterday the EURUSD initially fell but found support again at 1.0680 to turn around and close in the green near the high of the day, shy of the 50-day moving average. Today we may see a phase change in the pair from bearish to recovery as traders position them self’s ahead of today’s Eurogroup meeting. A break above the 50-day moving average can trigger a run up to the 1.1034 resistance level.

The whole thing is a mess - some poor counterpart PMIs, Greece saying they are close to reaching a deal with creditors, ECB Draghi saying he 'Hopes' that they sort it but then analysts putting odds of a forced Greek exit at above 50/50....
Personally i'm avoiding the Euro until its a little more stable - i prefer to 'invest' .
I think the Euro will be a bumpy ride for a while - good for the short term traders and scalpers, but I wouldn't want to be watching any long term trades ! lol.

I also thing the GBP will get bumpy too - remember when the GBP used to react in line with the EUR to news a couple of years ago - with the upcoming elections and referendums being on the cards, this Greece situation could influence the UK too - just be careful guys - and think VERY seriously if youre trading the Euro and risking anything significant - ie anything above 1%

EUR / USD rose on Thursday after finding support at the 1.0660 area.
The rise stopped slightly below 1.0860 barrier near the moving average of 200 periods.
This price level is very close to a decrease of 61.8% fall 6-13-April.
In the short-term oscillators, there is a negative divergence with the price.

On the EURUSD the best thing now is to wait for it to take a clear direction. The pair is very undecided, unless you are trading short-term.

It looks like the Eurogroup meeting today finally provoked some much needed volatility on the market because EUR/USD finally broke above the resistance at 1.0800. I think it's very possible to see it reach 1.1000 next week.

EUR/USD continued to move upward today after the Eurogroup meeting and taking advantage of the weak dollar this week, Are we going to see $1.1000 next week?

EUR/USD is trading in the range of 1.08 between the support level 1.0820 and resistance 1.0900.

sherifFares posted:
EUR/USD is trading in the range of 1.08 between the support level 1.0820 and resistance 1.0900.

A break above 1.0900 level should lead to another retest of 1.100 zone.

Greece problem continues, with yet further set backs and negations that are not going anywhere soon, I don't know about you, frankly I am quite tired of the same tune.

Check out the article: If Greece falls, no one wants their prints on the murder weapon[https://www.reuters.com/article/2015/04/26/us-eurozone-greece-blame-analysis-idUSKBN0NH05320150426].