EUR/USD

EUR / USD fell yesterday to level 1.2700 coinciding with the MM50 periods.
At this level reacted and recovered to the levels of 1.2800.
The short term trend is positive and if the pair breaks the barrier of 1.2900 could lead to the 1.3000 major psychological level.

There is a hanging man candlestick in the EUR/USD daily filter, which is usually a signal for reversal. In combination with the resistance at 1.2840 - 1.2850, which is exactly where the hanging man candlestick is, I think EUR/USD will start descending again. That said, if it doesn't and breaks above the resistance at 1.2840, it will likely head for 1.2900.

I don't think price will move much away from the psychological resistance 1.2800 today, have a great weekend everyone

EUR/USD - daily chart.
The high from 10/15/14 (1.2886) is a legitimate buy-stop entry to trade to near 1.3000
Once prices break, there could be a resistance @ between 1.2925 & 1.2950 as it is the low of the next Reverse Hook
Early entry is the high from yesterday (1.2844)
the early entry is more profit, but also a higher risk to enter.
The goal is for prices to meet up with the MA-14, which has not been touched in (so far) 15 weeks.

At this point there is no congestion anymore on the daily chart.
There is a congestion on the 4 hr. chart with currently 12 bars.
Best bar to trade is bar 21 or higher - but trend overrides congestion.
Earliest bar to trade is bar 17
if an earlier bar breaks, set the SL very tight.
Worst case, the trade has to be attempted again if stopped out.

The EURUSD initially tried to rally during the course of the day on Friday, but fell back below the 1.28 level. Is expected a strong resistance from 1.2994 limiting the upside and bringing a fall resumption. Below 1.2624 minor support will turn bias back to the downside.

EUR/USD moved lower on Friday when reached near the MM200 resistance.
It stopped above 1.2700 (S1) line and MM50.
Significant levels of support: 1.2700 (S1) - 1.2600 (S2) - 1.2500 (S3);
Significant levels of resistance: 1.2900 (R1) - 1.3000 (R2) - 1.3100 (R3).

Credit Agricole holds long EUR/USD from 1.2660 with a target at 1.31 and a stop of 1.2350.

After that hanged man candlestick on the daily filter chart right under the resistance I expected EUR/USD would start dropping again, and it did, but not nearly as much as I suspected it would. Now there is a doji in the daily filter chart, perhaps signifying another reversal. That said, I think range contintues and I don't believe we will be able to tell whether EUR/USD will really start climbing again before it breaks above the resistance at 1.2840.

price is at a strong resistance level 1.2790 it will decide where the price will go a break above 1.2790 will push the price higher a break under will pull the price back to 1.2700.

EURUSD initially fell during the course of the yesterday Asian session, but rose back up to the 1.28 level on the European and US session. The pair is managing to stay above the 10-day moving average and we might see a rally to the 50 day moving average at 1.2857.

I posted a buy signal on Oct. 17 with an explanation as to how to trade it:
I mentioned that there was a congestion on the 4 hr. chart with (then) 12 bars...

The congestion now is on bar Nr. 22 on the 4 hr. chart.
the highs from bars 21 on are the safest ones to trade.

The highs of the last 4 bars on the daily chart are all legitimate buy-stop entries, where yesterday's high is the highest risk, but also the highest profit.
If prices trade through the high from Oct. 15, try to stay in the trade to just below 1.30, or to a price level where current prices meet the MA 14.

The dollar has been virtually unchanged against most of its currency crosses.
The striking absence of internationally events naturally makes this situation takes place.

BUY NOW @ 1.2750 WITH STOP LOSS OF 20 PIP. TARGET WILL BE 50 -80 PIP.NOW BULL ARE IN CHARGE.

EUR/USD has been testing the resistance level at 1.2840 for days now but it seems it cannot break above it. Still, there is no proper signal yet for a reversal and the situation remains unclear.

well we have a decided range 1.2725 - 1.2840 price keep bouncing up and down so buy if the price start to rebound again from the support

The ECB considers buying Corporate Bonds cause EURUSD has dropped 50 pips, other than that I think EUR/USD will most likely range.

csc2009 posted:
The ECB considers buying Corporate Bonds cause EURUSD has dropped 50 pips, other than that I think EUR/USD will most likely range.

I agree, EUR/USD continues to be range-bound between 1.285 - 1.260.

We don´t need daily updates on what happened. We need someone to step up and begin to talk about entries and exit in real time.

The correction on the EURUSD has lost momentum and a continuation to the downside could be possible.