EUR/USD Technical Analysis from a Newbie (need to be confirmed)

EUR / USD had a bullish momentum yesterday, topped at 1.1369. Trading signals remain up in the near future to test 1.1450 - 1.1525. Immediate support is 1.1288. A clear break below that area could lead price to neutral zone testing 1.1200 but basically I remain in the camp of the bulls and any downward pressure should now be considered as a good opportunity for long positions.

Well again we have tomorrow the NFP. let see how the price will react to that.

[QUOTE=“eddieb;698524”] Why not, I had over 100 pips drop on a short trade earlier. Its retraced a bit but falling again, currently 80 pips.[/QUOTE]

I had 2 trades stopped out on me because I couldn’t make my mind up what way I thought it would go today . I placed 2 short trades as my 20ema and 50ema where crossing over on the daily chart and my stoch was in the over bought area for a few days.

In the end I just quit for the day

Good to hear you got some pips today :slight_smile:

The EUR/USD fell today as a reaction of the traders and all eyes on tomorrow US data.

What does that mean? Aren’t all price moves a reaction to the traders?

[QUOTE=“eddieb;698527”] Price nudging 1.1260, are you in yet?[/QUOTE]

No I went out 1.1270, went consolidate, my kijun line is above the candles indicates ready for the bear

This pair has lost more than 150 pips today after being rejected from a fresh high of 1.1391. Currently Eur/Usd is consolidating around 1.1260 prior to NFP tomorrow, on the downside 1.1200 would be the psychological level.

The forecast for NFP is set too high compared with the last (224k against 126k), likely chance to fail to meet expectation.

Looks like a positive bearish next week ei Mr. J, it just reached 1.1224 that’s were the pivot point took the massive uptrend last 2 days, RSI weekly hasn’t cross over the line 50

Another 60 pip drop overnight, all locked in just in case nfp goes against me

EURUSD on yesterday session had a typical profit taking day ahead of the US non-farm payrolls and unemployment rate. The pair initially rose making new high but found enough selling pressure to reverse and close in the red near the low of the day. Key levels to watch today are the support at 1.1097 and the resistance at 1.1460.

One for the bold and only the brave. Waiting all day for this. Long @ 1.1215. Target 1.15. Those game like me, 15 pip stop although the price could very well retrace to bang on 1.12 @NFP release. Not so game use a 45 pip stop.

EUR/USD failed to continue its momentum up yesterday and hit 1.1197 earlier today. Prospects remain low for now, especially if price make a clear break below 1.1200. The nearest resistance is 1.1300. A clear break above that area could lead price to neutral zone testing 1.1370 area - 1.1400 or higher.

Closed at 1.12550
Opened long trade

20 pip slip but first trade closed at 1.1235. SL set just right on second trade, moved to BE. Bit of luck that’s it for the week. 1.15 next week???

EUR/ USD fell on Thursday after not reaching 1.1375.
There is also the possibility of a higher minimum and the short-term picture remains cautiously positive.
The RSI fell below the 50 line and points down and MACD fell below its signal line.
A break above 1.1045 marked the conclusion of a possible training “double bottom” something that could represent bullish implications wider.

Why are you telling us what happened yesterday?

I admit I was expecting EUR/USD to react more strongly to the US Non-farm payrolls. The pair is back below the 1.1230 level and will likely continue dropping until it reaches the support at 1.1190, but I doubt we can expect any big changes before next week.

EUR/USD did not react to the US data today and fell close to the opening level of this week effected by the weak Euro. Most likely that we will see more falling in the close future to the 1.1190 support level.

Not much of movement today as I hoped for. NFP came close to expected and price dropped around 80 pips not as how I am used to from a big day like today.