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


My buy is still in order and you can see the stop loss for the buy happens to be todays daily s2 :slight_smile: You can see from past charts that my fibs have remained the same and todays pivots touches right up with my stop loss for the buy.

On yesterday session, again the EURUSD initially tried to rally but found enough resistance at 1.0622 to give all of its gains back to the market and closed in the red, near the low of the day, in addition closed within Monday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0637 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0580 (resistance) and a daily support at 1.0462.

Gold
Resistance 3: $ 1 286 (76,4% FIBO $ 1337- $ 1122)
Resistance 2: $ 1263 (February 27 high)
Resistance 1: $ 1255/58 (61,8% FIBO $1337- $1122, February 28 high)
Current price: $ 1244.00 (-0.35%)
Support 1: $ 1229/31 (50,0% FIBO $1337- $1122, February 22 low)
Support 2: $ 1226 (February 21 low)
Support 3: $ 1216 (February 15 low

Yesterday the EUR/USD was trading elevated before Trump’s speech and marked high at 1.0630. But seems that Mr President surprised markets and boosted the US Dollar and stocks higher. Currently the pair is trading at 1.0530 and technical indicators confirm the bearish tone.

EUR/USD is very bearish after yesterday’s fundamentals. It’s testing the support at 1.0520 and if it breaks out below that level it will likely continue falling towards 1.0400 at least, especially if it breaks out below the previous low at 1.0493 too.

Daily chart.




Recall the chart I posted about the hourly… Well it held up and EU bounced right off of the same price I had on my fibs weeks ago. :slight_smile: When fibs and daily pivots match it is a wonderful thing. EU is still a massive BULL ladies and gents.

The majority of the British referendum electorate certainly thought so, last June (though they had a slightly different understanding of “bull”, admittedly). :o

On yesterday session, the EURUSD initially fell but found enough buying pressure at 1.0527 to trim some of its losses but closed in the red, in the middle of the daily range, in addition closed below Tuesday’s low, which suggests a bearish momentum.

The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0638 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0574 (resistance) a daily support at 1.0527 and other daily support at 1.0462.

The short-term outlook for EUR/USD is remains bearish. The pair broke below 1.0520 support line and next leg to downside will come with testing the key level at 1.0500.

is this thing testing a multiyear support ?
set on Jan 1st 2003 breakout
Monthly chart


Bulls appear to have lost strength and the EUR/USD pair tested the multi-week low at 1.0495. Slight recovery is seen this morning and the current market price is 1.0523. Immediate resistance is located at 1.0530 and in case of breaking it, further recovery would be possible towards 1.0550 area.

On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition the currency pair managed to close below Thursday low, which suggests a strong bearish momentum.

The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0637 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0562 (resistance) a daily support at 1.0527 and other daily support at 1.0462.

EUR/USD finally bounced off from 1.0493 today after forming several doji candlesticks on the four-hour time-frame above that support as well as a double bottom. The pair is still moving to the upside and it will likely reach at least 1.0600.

The dollar changed unsignificantly near a seven-week high against other major currencies. Traders are taking profits after the recent rise of the dollar. The dollar has a growing against the probability of a US interest rate hike this month.
EUR/USD rose by 0.15% to 1.0550, moving away from the previous session week low at 1.0492.

On Friday, the dollar fell against other major currencies. Traders continued to take profits after a recent rise in price of the dollar to a maximum of seven weeks. However, the depreciation of the dollar is limited because of the increasing likelihood of higher interest rates in the US this month. EUR/USD rose by 0.48% and closed the week at 1.0621.

Key levels to watch for:

Support: 1.0470; 1.0380; 1.0550;
Resistance: 1.0660; 1.0800;

The Euro got a breath a fresh air on Friday, but i think the US domination will continue in the short-term.

Trump did not mention anything about his new tax policy, that create uncertainty in the future might hurt Dollar further, next resistance zone around 1.062/063, upward trend might continue if it break above.

Ok so if it breaks above 1.0620 then it “might” continue move up. Now the question is if it breaks 1.0620 on what tf? 1m or yearly?