Jun 02 2016 at 16:08
The fundamentals today caused a whipsaw again but afterwards the pair continued moving to the downside. It's currently testing 1.1150 again and it will likely break below it. If it does, next target is 1.1100.
No break out yesterday, the pair back to its range between 1.1100 to 1.1220. I guess any break out we need to wait for today's NFP report.
Jun 03 2016 at 06:56
Yesterday EURUSD initially rose but found enough selling pressure after Draghi speech to turn south, giving all it gains back to the market and closed near the low of the day, however managed to close within the previous day range, which suggests being slightly on the bearish side of neutral.
The pair is trading below the 50-day moving average that are acting as dynamic resistance although it is trading above the 10 and 200-day moving average both are acting as a dynamic support.
The key levels to watch are: The 50-day moving average at 13.04 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1153 (support), a daily support at 1.1097 and the 200-day moving average at 1.1068 (Support).
The pair is trading below the 50-day moving average that are acting as dynamic resistance although it is trading above the 10 and 200-day moving average both are acting as a dynamic support.
The key levels to watch are: The 50-day moving average at 13.04 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1153 (support), a daily support at 1.1097 and the 200-day moving average at 1.1068 (Support).
"I trade to make money not to be right."
Woah, this is one of the biggest gap I have ever seen for the NFP. Expected to below expectation but not by such a large margin.
Strive to archive more.
Jun 03 2016 at 13:06
The US change in Non-farm Payrolls today certainly had a great effect on EUR/USD, making the pair jump with over 170 pips. The move to the upside will likely continue at least until the end of the day and next target is probably at least 1.1350.
Weak statistics on employment for April (Nonfarm Payrolls) encourages traders to postpone the expectations of another Fed rate increase. The Labor Department said that in May, the US non-farm sector, was created only 38K. New jobs were much less than the expected 164K. This is the worst value since September 2010. In result, EUR/USD rose with nearly 200 pips.
The euro rose against the dollar on Friday. EUR/USD closed the week at 1.1366, gaining 1.91%. The support is now located at the level of 1.1096, Monday's low, and resistance is likely to make the level of 1.1374 - a maximum of Friday's trading session.
CIBC: It is expected EUR/USD to fall to 1.09 in September.
Jun 05 2016 at 15:49
What a move last week.
Positivity
arigoldman posted:
What a move last week.
Indeed, it will be interesting to see the opening on Monday.
Jun 05 2016 at 22:37
Upp to 1.13714 then down
The USD was very oversold at about -2% to every major pair except GBP on Friday, and we expect Yellen to do some damage control today. I see it run it about 1.1325 before Yellen might spark movement on Monday.
On Friday the euro marked its strongest session against the dollar for nearly six months, after the data from the US labor market disappointed markets. The euro rose more than 200 pips to a closing price of 1.1355 and thereby reported first positive week for the last five. Dispelling expectations of raising interest rates by the Fed in June continues to support the single currency. Technically the bulls are favored and immediate support is located at 1.1330.
Jun 06 2016 at 05:50
The EURUSD undecided right between the 1.1300 and the 1.1400. It may consolidate there until Yellen speaks.
Jun 06 2016 at 07:08
In the previous weekly forecast, the currency pair came across as rather bearish. It was as such for a few weeks now but we did note that the current nature of the markets is highly sentimental. Hence a change in cdevelopments might derail all expectations. A main influence on such would be the US interest rate hike.
Looking at the EUR/USD weekly chart above we note that there was a sudden bullish climb. It went through a number of resistances.
The immediate resistance now will be 1.14. This is a significant region and a breakage may open up 1.16. As usual the upper bollinger band may also serve as an immediate resistance too.
Looking at the EUR/USD weekly chart above we note that there was a sudden bullish climb. It went through a number of resistances.
The immediate resistance now will be 1.14. This is a significant region and a breakage may open up 1.16. As usual the upper bollinger band may also serve as an immediate resistance too.
附件:
Jun 06 2016 at 07:33
On the last Friday’s session the non-farm payrolls made the EURUSD rally with a wide range and closed near the high of the day, in addition managed to close above the previous Thursdays high, suggesting a strong bullish momentum.
The pair is trading above the 200-day moving average and closed above the 10 and 50-day moving averages; all should now act as dynamic supports.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1460, the 50-day moving average at 1.1303 (support) and a daily support at 1.1237.
The pair is trading above the 200-day moving average and closed above the 10 and 50-day moving averages; all should now act as dynamic supports.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1460, the 50-day moving average at 1.1303 (support) and a daily support at 1.1237.
"I trade to make money not to be right."
Jun 06 2016 at 13:56
NICE NFP LAST WEEK
Jun 06 2016 at 13:57
Spackelspade posted:
Upp to 1.13714 then down
i agree with you bro..
Jun 06 2016 at 16:03
EUR/USD is consolidating after the big move to the upside last Friday. The pair is testing the resistance at 1.1370 and it may be forming a double top there, but it's too early to tell.
