EUR/USD

good scalping day

rosentray posted:
EUR/USD is trading close to unchanged in today's session. No news and market movers creat a calm environment where consolidation is present. Until we get fresh news, price would probably gravitate towards 1.1140.

Consolidation=Order stacking ;)

US holiday, low volume day, the pair seems remain in the last Friday range and upside limited below 1.116 zone.

The 200 day EMA on the EURUSD is still around the 1.1200 level, making that zone a good resistance.

The single currency marked a modest rise against the US dollar on Monday. The pair opened at 1.1129 and closed just 24 pips higher. The intradau high was reached at 1.1159. On the upward the first resistance is located at 1.1286. Key support remains 1.1100.

Opened a short.

If it comes my way I'll book @ 1140. Else will exit if H4 closes above 1170.

Yesterday EURUSD initially fell but found enough support at 1.097 to turn around, closing near the high of the day, in addition managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.

The pair managed to close above the 10-day moving average and continues to trade above the 200-day moving average that is acting as a dynamic support but continues trading below the 50-day moving average is acting as dynamic resistance.

The key levels to watch are: A daily resistance at 1.1237, the 50-day moving average at 1.1235 (resistance), the 10-day moving average at 1.1105 (support), a daily support at 1.1097, the 200-day moving average at 1.1092 (support) and Fridays low at 1.0912 (support).

EUR/USD reached 1.1180 as I thought it would but it also bounced off of it immediately and now the pair is back in the zone between 1.1130 - 1.1150, forming a tight range, as it has done since Friday.

The EUR/USD reached its highest point in today's session going to 1.1186. After the peak the pair was immediately depreciated and is now trading at 1.1156. Current market price appears to be in the middle of today's low and high and if it continues like this we might expect further depreciation.

The single currency marked a sharp drop against the dollar on Tuesday. The pair opened at 1.1152 and the euro lost 77 pips. After a volatile session, the price managed to break through the first support at 1.1100. If the movement to the downward continue, we can expect a breakthrough of the support at 1.0980.

Yesterday EURUSD tried to rally but found enough selling pressure to reverse, closing near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.

The pair managed to close below the 10 and the 200-day moving averages and now is trading below all 3 moving averages the 10, 50 and 200 that should act as dynamic resistances.

The key levels to watch are: The 50-day moving average at 1.1235 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1096 (resistance), the 200-day moving average at 1.1092 (resistance) and Fridays low at 1.0912 (support).

EUR/USD dropped to 1.1035, but today it also formed a spinning top candlestick above the support at that level on the four-hour time-frame, so I think we can likely expect a new move to the upside.

The EUR/USD is trading lower in today's session and made a low of 1.1036. The pair reacted with a sharp drop after it touched a prior pivot point at 1.1186 and was quickly depreciated. The EUR/USD is now slightly recovered and is trading at 1.1074.

Eur/Usd remains just above 1.1100 level after the FOMC minutes, let's see if 1.1100 holds, next target would be around 1.1160/70 zone.

EUR/USD recorded a modest increase Wednesday. After a volatile session, the euro added 25 pips to a closing price of 1.1099. The intraday high was marked at 1.1111 and the daily low at 1.1031. Currently bulls are targeting the resistance located at 1.1100.

Yesterday EURUSD initially fell but found enough buying pressure to reverse, closing near the high of the day, in addition managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.

The pair is trading below all 3 moving averages the 10, 50 and 200 that should act as dynamic resistances.

The key levels to watch are: The 50-day moving average at 1.1228 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1095 (resistance), the 200-day moving average at 1.1093 (resistance) and Fridays low at 1.0912 (support).

EUR/USD moved to the upside yesterday but currently it's caught in a tight range, testing the resistance at 1.1100. I doubt that will end before the NFP tomorrow.

EUR/USD is trading relatively lower today. The price is now 1.1091 and this is the second day where the pair goes below 1.1060 and then climbs back above 1.1100. Current level is right at the 200SMA.