EUR/USD

I guess no one want to risk before FOMC now.

FOMC statement awaiting on the EURUSD, but who knows if it will really make the pair take a decisive direction.

alexforex007 posted:
FOMC statement awaiting on the EURUSD, but who knows if it will really make the pair take a decisive direction.

I fully agree with you alex. Today we have the Fed Interest Rate Decision and Fed's Monetary Policy Statement and press conference may influence the volatility of the pair and set the tone for the rest of the month.

Unfortunately it was a big disappointment for the pair and it does not want to break above the 1.3600. Lets see how it behaves for the rest of the week.

the fed bank kept the interest rate with no change EURUSD found new high for the week resistance level at 1.3590 is strong and is keeping the price from making new high

I can see a EURUSD consolidating in a wide range it’s very possible that the summer range could be between the 1.35 level on the bottom, and the 1.37 level on the top. Good for short-term trades.

well, I hope you're right, as I mainly trade swings within ranges like that. However, sounds too predictable to be true...could becoming interesting.

honeill posted:
I can see a EURUSD consolidating in a wide range it’s very possible that the summer range could be between the 1.35 level on the bottom, and the 1.37 level on the top. Good for short-term trades.

For now there is even problem with pass 1.3640 . After test it goes down to 1.6000

i can see a double top on the 1 hour and 30 minutes frames i guess price is going to test 1.36 levels support

I was expecting bullish structure with target 1.3660, at the moment price is back to 1.360, I guess in the morning we might see price rising again.

The 200 Day EMA has been a very good resistance for this pair and the 1.3600 level may become support now that the price is above it.

Eurusd held above 1.36 level today, let's see if 1.36 acts as support now.

peeterwoolf posted:
Eurusd held above 1.36 level today, let's see if 1.36 acts as support now.

A warning to the Short skippers, EURUSD broke through the 1.36 level to the upside, dangerously close to levels that could spark a short squeeze in positions implemented post-ECB announcement.

i think 1.36 level will not be strong support now im more worried about 1.3585 support

Can not stand

Another close around the 1.3600, the EURUSD can go in any direction, volatility has come down to seven year lows. Amazing.

EURUSD tried to rise up from support early in the week, rising on the weakness of the US dollar. However, the euro has issues of its own (ECB) and the pair eventually dropped back to support. Sell the rallies but be aware US housing data that lies ahead.
Current range: 1.3585 to 1.3650.

Tight trading range here, it should stay in this range until next big news.

again 1.3550 proved to be strong support line price failed to break under it and pushed back to 1.36 levels but until now no trend is decided yet i hope soon we can see a better range on the price