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EUR/USD
Jan 28, 2016 at 08:05
Euro recorded a third consecutive winning session against the dollar on Wednesday. The single currency justified the positive expectations and the couple made a test of resistance at 1.0917. The break of the key level has been delayed, but if bullish sentiment continue in the future, it will be overcome. Wednesday session started at a price of 1.0869 as trading was very volatile. Ultimately currencies reached a peak for the day at 1.0915 end session closed with 24 pips below.
Member Since Apr 08, 2014
1140 posts
Jan 28, 2016 at 08:38
On yesterday session the EURUSD rallied with a wide range and closed well in the green, near the high of the day, in addition closed above previous day high, suggesting a strong bullish momentum.
The pair closed above the 10 and the 50-day moving averages that now are acting as a dynamic support.
The key levels to watch are: The previous swing high at 1.0975 (resistance), the 50-day moving average at 1.0870 (support), 10-day moving average at 1.0864 (support) and a swing low at 1.0778 (Support).
The pair closed above the 10 and the 50-day moving averages that now are acting as a dynamic support.
The key levels to watch are: The previous swing high at 1.0975 (resistance), the 50-day moving average at 1.0870 (support), 10-day moving average at 1.0864 (support) and a swing low at 1.0778 (Support).
"I trade to make money not to be right."
Member Since Jun 08, 2014
454 posts
Jan 28, 2016 at 18:09
Finally EUR/USD is out of the range, only a close above resistance level 1.0900 will confirm the break. Next level 1.0970 then 1.1000
Member Since Jul 10, 2014
1114 posts
Jan 28, 2016 at 18:13
I agree, the pair will likely visit 1.1000 next, the question is whether it will finally be able to break above that level.
Jan 28, 2016 at 18:15
Intraday support is 1.0860, whose breach could lead price to neutral trading zone testing 1.0800 but important support remains at 1.0700. On the upside, a clear break above 1.0969 could trigger further bullish pressure testing 1.1060 and the trend line resistance. As long as price remains below the trendline, the bearish scenario remains valid.
Member Since Oct 11, 2013
769 posts
Jan 28, 2016 at 23:24
The EURUSD is directionless, but it has had some volatility during the day. The pair continues oscillating around the 1.0900 level.
Jan 29, 2016 at 08:34
The single currency recorded a strong increase against the dollar on Thursday. The euro registered a fourth consecutive winning session and as a result the resistance at 1.0917 was broken. If bullish sentiment continue, the pair may test the second key level at 1.1003. The session on Thursday opened at a price of 1.0891 and closed with 47 pips higher. Prevailing trend was bullish, as the peak of the day was reached at 1.0967.
Member Since Apr 08, 2014
1140 posts
Jan 29, 2016 at 09:06
On yesterday session the EURUSD rallied with a wide range and closed well in the green, near the high of the day, in addition closed above previous day high, suggesting a strong bullish momentum.
The pair continues to close above the 10 and the 50-day moving averages that are acting as a dynamic support.
The key levels to watch are: The 200-day moving average at 1.036 (resistance), the previous swing high at 1.0975 (resistance), the 50-day moving average at 1.0884 (support), 10-day moving average at 1.0872 (support) and a swing low at 1.0778 (Support).
The pair continues to close above the 10 and the 50-day moving averages that are acting as a dynamic support.
The key levels to watch are: The 200-day moving average at 1.036 (resistance), the previous swing high at 1.0975 (resistance), the 50-day moving average at 1.0884 (support), 10-day moving average at 1.0872 (support) and a swing low at 1.0778 (Support).
"I trade to make money not to be right."
Member Since Jul 10, 2014
1114 posts
Jan 29, 2016 at 14:56
Not only did EUR/USD fail to break above 1.1000 but it bounced off the resistance at 1.0967 after forming a shooting star candlestick on the 4-hour time-frame and moved to the downside again. It will probably reach the support at 1.0800 soon.
Member Since Jun 08, 2014
454 posts
Jan 29, 2016 at 18:27
you can see how strong is the market indecided with EUR/USD, once price broke above the sideways range you can see the next day how the price quickly returned 100 pips to stay inside the range of 1.0900 and 1.0800.
Member Since Jan 14, 2010
2279 posts
Jan 30, 2016 at 10:52
Now I sense eurusd is up to something. Next 2 weeks must be watched closely. The only side I am going to be is either short or flat.
Member Since Jun 29, 2015
23 posts
Jan 30, 2016 at 16:34
this move is going to be big when it breaks that's for sure.
Member Since Oct 02, 2014
905 posts
Jan 31, 2016 at 21:51
It's going lower, yay.
Positivity
Feb 01, 2016 at 07:34
On Friday session the single currency broke a four-day winning streak and erased most of weekly gains. The Euro lost 107 pips to a closing price of 1.0832. Trading passed within the final values 1.0947 and 1.0810. However, for the week EUR/USD managed to rise by nearly 40 pips. Technically the pair continues to move in a range, as break of levels at 1.0995 or 1.0790 will suggest prevailing attitudes.
Member Since Apr 08, 2014
1140 posts
Feb 01, 2016 at 09:45
On the last Friday’s session the EURUSD plunged with a wide range and closed well in the red, near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.
The pair closed below the 10 and the 50-day moving averages that now should act as a dynamic resistance.
The key levels to watch are: The previous swing high at 1.0975 (resistance), the 50-day moving average at 1.0882 (resistance), the 10-day moving average at 1.0864 (resistance) and the last swing low at 1.0779 (Support).
The pair closed below the 10 and the 50-day moving averages that now should act as a dynamic resistance.
The key levels to watch are: The previous swing high at 1.0975 (resistance), the 50-day moving average at 1.0882 (resistance), the 10-day moving average at 1.0864 (resistance) and the last swing low at 1.0779 (Support).
"I trade to make money not to be right."
Member Since Jul 10, 2014
1114 posts
Feb 01, 2016 at 14:32
The pair is testing the resistance at 1.0900 again. If it breaks above that level it will rise towards 1.1000.
