EUR/USD

Next levels to watch for:
Support: 1.0892; 1.0817;
Resistance: 1.1066; 1.1119; 1.1244;

EUR/USD is headed for the support at 1.1040 again. If it breaks below that level we can probably expect a further move to the downside towards 1.0900.

EUR/USD most likely will enter the sideways trading for awhile after yesterday's spike.

The EUR/USD tested the resistance at 1.1213 for the second day this week, It seems the pair won't cross over it this week.

My Broker ( no names ) decided not to give any prices when the news came out. Only after 5 minutes or so prices started to move again. Still made 4% though but it makes one think.
We will see what today brings..

Valicourt posted:
My Broker ( no names ) decided not to give any prices when the news came out. Only after 5 minutes or so prices started to move again. Still made 4% though but it makes one think.
We will see what today brings..

It is rather common for market markers.

This EURO bad boy been in a Pennant for quite awhile..Daily Chart..








This explains most of the crazy **** moves that been happeniing over the last several months, like that on Thursday.

Even though it was set off by the ECB action, these setups often have these erratic moves as they move from Support to Resistance.


I was actually getting ready to trade this bullish, expecting one of 3 possible Signals...










Daily signal formed was similar to the Candlestick Projected (CF) but muuuuch larger...definitely not tradeable..


Had it been, would have added to the 2 previous trades on this pair..















Sometimes these setups can lead to losses with these types of news etc., but sometimes when you catch them at the right time with the right setup..can take our pound of flesh from them


Duane
DRFXTRADING

On the last Friday’s session the EURUSD initially fell but found enough buying pressure at 1.1097 daily support to reverse and closed in the middle of the daily range, in addition closed within the previous day range, suggesting lack of momentum and market indecision.

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

The key levels to watch are: The year high at 1.1376 (resistance), a daily resistance at 1.1237, 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 1.1002 (support).

Eur/Usd found the immediate support level back to 1.1100 neighbourhood, the pair probably continue stay within the range between 1.105 to 1.1200 for now.

csc2009 posted:
Eur/Usd found the immediate support level back to 1.1100 neighbourhood, the pair probably continue stay within the range between 1.105 to 1.1200 for now.

It will likely break below the support at 1.1100, considering the hanging man candlestick on the daily time frame below the resistance at 1.1200.

The EUR/USD lost a bit from what was gained during the last two days of the previous week. Nevertheless, the pair is now trading in the uptrend channel and looks ready to test the first support at 1.1080. If this support holds, then the pair might attempt to test first resistance which appears to be the last high of 1.1220.

Let’s see how the FED affects the EURUSD, the pair may find some resistance on the 1.1300 level.

The pair continued its decline for a second day, as the euro has depreciated by about 50 pips to closing price of 1.1101. The extreme values were recorded respectively at 1.1175 and 1.1077. The index of relative strength retreated to neutral territory, but the graphics continues to develop over the moving averages as levels at 1.1070 appear to be additional support downwards.

Yesterday EURUSD fell with a narrow range and closed near the low of the day, however managed to close within the Friday day range, suggesting a weak bearish momentum.

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

The pair is retesting the 1.1097 daily support and if the price holds it could signal another leg up.

The key levels to watch are: The year high at 1.1376 (resistance), a daily resistance at 1.1237, daily support at 1.1097, the 10-day moving average at 1.1072 (support), the 200-day moving average at 1.1027 (support) and the 50-day moving average at 1.1026 (support).

The pair has been consolidating all day. I think the consolidation will continue until the FOMC statement on Wednesday, even if it breaks below 1.1100.

A breakdown below the 1.1000 level could take the EURUSD back to its bearish trend.

The pair traded in a narrow range during yesterday's session and remained without any significant changes at a level of 1.1105. The extreme values were recorder at 1.1124 and 1.1071. The index of relative strength remains in neutral territory but the chart continues to develop over moving averages. Keeping the the support at 1.1070 creates conditions for the renewal of the upward movement.

It will hold a bearish trend up till the US rate decission. Then it might turn bullish as we don't expect Fed to raise the rate futher yet.

Yesterday EURUSD went back and forward without any clear direction with a narrow range and closed in the middle of the daily range, however managed to close within the previous day range, suggesting lack momentum and indecision in the market.

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

Today we will have the FOMC Economic projections and Fed interest rate decision that should bring a lot of volatility to the market. However the market is not expecting any interest rate hike for this month.

The key levels to watch are: The year high at 1.1376 (resistance), a daily resistance at 1.1237, daily support at 1.1097, the 10-day moving average at 1.1079 (support), the 50-day moving average at 1.1030 (support) and the 200-day moving average at 1.1027 (support).