EUR/USD

If EUR/USD price keeps on pushing up, the next target to look for is: 1.09811

Short Term strong resistance is found at : 1.09803
Long Term strong resistance is found at : 1.14307

H1: 99% overbought
H4: 92% overbought
Daily: 27% overbought

EUR/USD moved higher afer the US macro data released on Friday. The pair marked 3-week high, but yet remains capped by the major resistance at 1.0700.

Get ready for margin call. If you trade this type of news, you deserve to lose everything!

The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1,0678, gaining 0.96%. I believe that support is now at around 1.0523, Thursday's low, and resistance is likely at 1.0699, the high of Friday's trading.

Break above the key resistance zone 1.0700/10 would confirm further upward trend extension.

Not much is happening till the 15th, where we have the US retail, inflation, the bank stresstest, economic projections and the rate hike. Along with the Dutch election.

EUR/USD is trading to the upside in today's session after the pair started rallying in the end of last week. Price is now 1.0708 and market participants are expecting Mario Draghi's speech in Frankfurt later today.

GJscalper posted:
 Get ready for margin call. If you trade this type of news, you deserve to lose everything!

I wouldn't trade the release itself but i'd trade the aftermath or take a position during the Asian session before the release. You could use or use limit orders to enter at technical levels / extremes after the release too if you keep an eye on the levels major speculators keep an eye on. If there's a strategy there is a way.

On the last Friday’s session the EURUSD rallied with a wide range and closed near the high of the day, in addition the currency pair managed to close above Thursday’s high, which suggests a strong bullish momentum.

The currency pair closed above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0646 (support), a daily support at 1.0622, the 10-day moving average at 1.0580 (support) a daily support at 1.0527 and other daily support at 1.0462.

EUR/USD broke out above 1.0680, eventually reaching 1.0713 before bouncing off from it and it will likely retrace back to 1.0650 - 1.0640.

Yesterday the EUR/USD pair marked intraday high at 1.0713, but closed lower around 1.0650. Short term indicators remain bearish, but ahead of FOMC outcome I doubt to see the pair below 1.0600.

EUR/USD is now trading at 1.0638 in anticipation of tomorrow's US CPI and Retails Sales. The continuation of consolidation is expected to continue until the news release.

The market has recently eroded the 4 month downtrend, the break looks quite directional and at this point will simply go with it. Intraday dips are indicated to hold circa 1.0650/20 and the previous downtrend should now act as support 1.0600. Immediately overhead lies the more important resistance circa 1.0820/29 and the market is expected to struggle here. We stay overall negative below 1.0830. Only above 1.0830 would introduce scope to 1.0875 December high and the 200 day ma at 1.0908.

On yesterday session, the EURUSD initially tried to rally but found enough selling pressure at 1.0713 to give all of its gains back to the market and closed in the red, near the low of the day, however closed within Friday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0647 (support), a daily support at 1.0622, the 10-day moving average at 1.0600 (support) a daily support at 1.0527 and other daily support at 1.0462.

Eur/Usd is losing 0.13% at 1.0640 and a break below 1.0619 (55-day sma) would target 1.0611 (short-term support line) en route to 1.0591 (20-day sma). On the upside, the next hurdle aligns at 1.0715 (high Mar.13) ahead of 1.0829 (2017 high Feb.2) and finally 1.0873 (high Dec.8 2016).

EUR/USD reached the support at 1.0630. More importantly, it has formed a shooting star candlestick on the daily time-frame below the resistance at 1.0713 which is a signal that the move to the downside should continue. That said, the fundamentals this week could change that.

I'm expecting the price to retest this support line.

Remember, Dutch election risk-off along with lots of US data tomorrow. A fall towards 1.05 is not unlikely. Nor is a retake of 1.07 if data disappoints or PVV make a horrible result.