EUR/USD

csc2009 posted:
After disappointing US retail sales data, Eur/Usd pushed higher towards 1.100 level.

I did, but I doubt it will be able to break above it before the market closes today. The question is whether or not range will finally end next week.

In short this week EUR/USD was trading in a tight range and sideways. EUR/USD couldnt break The weak opening price.

Sorry to interrupt, but you guys must be masochistic. eurusd is like a beached whale. It is basically flat. I wonder, do you want to make money or solve puzzles ? 😀 If you are into puzzles it is much cheaper to get rubick cube 😉

Wave analysis and forecast for 15.01 – 22.01: The pair is likely to grow.

Estimated pivot point is at the level of 1.0707.

Our opinion: Buy the pair from correction above the level of 1.0707 with the target of 1.1250 – 1.16.

Alternative scenario: Breakout and consolidation of the price below the level of 1.0707 will allow the pair to continue to decline to 1.06 – 1.05.

Analysis: Presumably, the formation of the local correction as the second wave ii of 3 has completed. Locally, it seems that the one-two wave (i) of iii is being formed, as well as the correction to it as the wave (ii) as a irregular. If this assumption is correct, the pair can continue to rise up to 1.1250 – 1.16. Critical level for this scenario is 1.0707.

Excuse my ignorance ... but when it comes to buying the pair above correction of 1070, means waiting a fix to this approximate value, and buy it on top of that?

As I see from the economic data, the US economy still struggles with some problems. Seems to me, that the parity is hard to reach.

Garcimm posted:
Excuse my ignorance ... but when it comes to buying the pair above correction of 1070, means waiting a fix to this approximate value, and buy it on top of that?

What i would do - wait, if I'm not sure, that I can't take the loss. Yes, it's risky situation. It's up to you.

The EURUSD continues oscillating around the 1.0900, the pair is channel trading.

On Friday session the single currency added value against the dollar, the price remained in wee known ranges. The pair added 54 pips and closed at 1.0917. The price moved above the moving average, while the index of relative strength remained on neutral territory. A break of the first support at 1.0854 will contribute to further decline.

On the last Friday’s session the EURUSD initially rose but found enough selling pressure to give back some of its gains but still closed in the green, in the middle of the daily range, in addition managed to close within the previous day range, suggesting that a consolidation is settling in.

The pair continues to close above the 10 and the 50-day moving average that are acting as a dynamic support.

The key levels to watch are: 200-day moving average at 1.1047 (resistance), previous swing high at 1.0984 (resistance), 10-day moving average at 1.0894 (support), the 50-day moving average at 1.0830 (support) and the last swing low at 1.0805 (Support).

Eur/Usd is still ranging near 1.0900 level, the pair is in directionless mood. On the upside the pair could test the psychological level at 1.100 level again.

Range continues for yet another day and EUR/USD is testing the support at 1.0890 after it bounced off 1.0990. If it breaks below the support it will probably fall towards 1.0800 again.

Even with the opening gap EUR/USD couldn't escape the sideways trading

The EUR/USD move in a narrow rang today almost under the 1.0900 level, hope we see good move for the pair.

The single currency recorded decrease against the US dollar on Monday. The session started at 1.0917 and ended 27 pips lower. The graphics continue to develop over moving averages, while the index of relative strength remained on neutral territory. The outlook remains negative and the levels at 1.0854 appear to be the main goal.

On yesterday session the EURUSD went back and forward without any clear direction although closed in the red, in the middle of the daily range, in addition managed to close within the previous day range, suggesting that the pair should continue with the consolidation.

The pair continues to close shy below the 10-day moving average but is still above the 50-day moving average.

The key levels to watch are: 200-day moving average at 1.1047 (resistance), previous swing high at 1.0984 (resistance), 10-day moving average at 1.0892 (support), the 50-day moving average at 1.0838 (support) and the last swing low at 1.0805 (Support).

It seems Eur/Usd is testing 1.0900 level again, break higher could send the pair straight to 1.100 zone.

Range is getting tighter and tighter, but the more I look at the weekly time-frame and the hanged man and doji candlesticks formed there under the resistance at 1.1000, the more convinced I become that when range ends there will be a significant move to the downside.

EUR/USD did not make significant movement yesterday. The bias remains neutral in nearest term, probably with slight bearish signals for testing the 1.0800 support. Immediate resistance is at 1.0969.