EUR/USD

Investors locked profits after data showing that U.S. nonfarm payrolls rose last month, albeit less then expected, added to expectations for a September rate hike by the Federal Reserve.

Will Wait for NFP data to come out... thanks mate

csc2009 posted:
NFP today, caution with trading.

What do you think any view about the data and EUR/USD trend.. Any guess??

Be careful this week. A change in trend is to be expected soon.

EUR/USD closed last week under the resistance level 1.1000 until an obvious rebound or a break I will not enter on the price.

No gap tonight.

Just more consolidation on the EURUSD around the 1.0970 level. The 1.0900 may act again as support or the 1.1000 as resistance.

The single currency recorded a growth of third day against the dollar on Friday, but failed to make progress for the week. The euro rose by 35 pips to a closing price of 1.0958. The daily final readings were reached respectively at 1.0977 and 1.0855. The price went above the average values, while the index of relative strength develops in positive territory, alluding to the preponderance of bulls in the short term. Key levels for determinining the long-term attitudes remain 1.1130 and 1.0810.

on the Long term the EUR/USD still bearish due to the weakness of the Euro, but now the price is trading around a key point 1.1000 a break above it might be a chance for a position with target 1.1090

The EUR/USD rose up to1.1042 close to 100 pip and fell by the end of Monday over the 1.1000, what makes me feel that we will see more violate this week.

The EUR/USD range continues for now. The pair broke above the resistance at 1.0970 and will probably reach 1.1080 next.

Eur/Usd broke several resistance levels today, long term bearish trend has been heavily tested. 1.1100 could be the psychological level on the upside.

The single currency continued the winning performance from last week and yesterday rose nearly 60 pips against the dollar to a closing price of 1.1018. Movement scored a peak at 1.1040, while the lowest point was reached at 1.0925. EUR / USD failed to confirm the break of 1.1020, but the price remains above the average values and the indicator of the relative strength hints dominance of the bulls.

Reached target 1.1090 now I wait for the upswing to be exhausted so I can go short.

Not only did EUR/USD bounce off the resistance at 1.1090 but it also formed a great shooting star candlestick on the 4-hour filter chart right under the resistance, so I think we can expect another move to the downside.

I am not sure that the EUR/USD will rise above the 1.1090 in the closed future.

With the Greek crisis and Grexit risk having diminished, we could see an improvement in expectations towards the end of Q3.

This may offset the recent soft data and will most likely keep alive the scenario that the Eurozone recovery could start to gather momentum again. EUR could strengthen a bit at these releases.

After 5 consecutive day Eur/Usd has found support level above 1.100 level, on the upside break above 1.1100 could lead to further gains.