EUR/USD

The single currency registered a volatile session against the US dollar on Friday. The currency pair opened at 1.1769 and ended 25 pips higher. The chart continued to grow above the mooving averages, while the relative strength index remained neutral. In the short term, the outlook remains negative, and 1.1735 - the immediate target.

Key levels to watch for:
Support: 1.1735; 1.1670; 1.1590;
Resistance: 1.1875; 1.2000;

EUR/USD is down with 0.45% for the day with current market price 1.1715, following the increased US dollar’s demand and the headlines from Germany. The pair is en route to the 1.7000 handle.

After a few days of consolidation the shooting star candlestick at 1.1860 on the daily time-frame finally proved to be a valid signal for a move to the downside and the pair started falling. The closest target is likely around 1.1680, which is the (MA)89 indicator on daily time-frame.

I have nice shorts from there.

I'am out before FOMC with yellen.


But i think it will go under 1.117.

On yesterday session, the EURUSD initially rallied but found enough selling pressure to rub out all of its initial gains and closed near the low of the day, furthermore the currency pair managed to close below Friday’s low, which suggests a strong bearish momentum.

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: daily resistance 1.2041, a Key level at 1.1880 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1735 (support), the 50-day moving average at 1.1731 (support) and a key level at 1.1684 (support).

The EURUSD is at a poing from where it may go in any direction. The 55 day EMA has been acting as a good support, but a better support is at the 1.1700 level. A break below the 1.1700 level will take the pair to the bearish channel on the daily chart, with a good support at the 200 day EMA around the 1.1500 level. To the upside, above the 1.1800 level, its next resistance could be the 1.1900 level.

Looking at hourly timeframes the pair is in a steady downtrend over the last days. I see signs of correction at around 1.1711. Breaking the 1.1740 level can confirm it.

Main target on D10 TF - is 1,3000 .... - trust me !


________
I work on my system from 2007 ...

test on many instruments from 1970 ... (50)
buy before clean tick data for big money ..

so I think she is right ... always right ...


https://www.youtube.com/playlist?list=PLxbroZDzFXbiI0Oh_YoDs-cF3xv_-AOPq
_____

The single currency recorded a decline against the US dollar on Monday. The session started at 1.1784 and the price managed to break twice the support at 1.1735. Eventually the currency pair ended at 1.1732 and if the downward trend continues, the euro will move to support at 1.1670.

EUR/USD keeps ranging today but mostly around its lows. Euro bulls are still undermined by German political concerns although there no fresh news.

idimitrov posted:
The single currency recorded a decline against the US dollar on Monday. The session started at 1.1784 and the price managed to break twice the support at 1.1735. Eventually the currency pair ended at 1.1732 and if the downward trend continues, the euro will move to support at 1.1670.

no ..

only upp !

On yesterday session, the EURUSD went back and forward without any clear direction, and closed in the middle of the daily range, in addition the currency pair managed to close within Monday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance 1.2041, a Key level at 1.1880 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1743 (support), the 50-day moving average at 1.1729 (support) and a key level at 1.1684 (support).

EUR/USD moved higher today to currently trade at 1.1820 supported by FOMC minutes, confirming the rate hike in December. The short term outlook is bullish, according to indicator on the four hour time frame and next bulls target is seen at 1.1830.

On yesterday 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 Tuesday’s high, which suggests a strong bullish momentum.

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance 1.2041, a Key level at 1.1880 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1768 (support), a daily support at 1.1753 and a key level at 1.1684 (support).

The single currency recorded a significant increase against the US dollar on Wednesday. The session started at 1.1737 and the price jumped from the first support at 1.1735. Eventually the currency pair ended at 1.1821 and if the price continued to rise, the pair would head to the first resistance at 1.1875.

EUR/USD looks ready to go at the short term resistance at 1.1870/

arigoldman posted:
EUR/USD looks ready to go at the short term resistance at 1.1870/

It is testing 1.1860 - 1.1870 indeed. A breakout above that level could lead to a further move to the upside towards the next resistance which is around 1.2035.

Bullish potential keeps growing for the EUR/USD pair. Should the pair cross the 1.1860 level (mid November’s high), then the interest will lead to 1.1890.