EUR/USD continues consolidating sideways between 1.1920 - 1.1980. Consolidation likely won’t end before the fundamentals affecting the USD start coming out tomorrow.
The short term ourlook for EUR/USD turned to negative, but however the downside movement is limited by 1.1920. The pair bounced from the daily low at 1.1925 and the current market price is 1.1963 and in case of holding above 1.1950, doors will opened for testing 1.1975.
So 15 pips later, looking at a short @.1975-6 ish, to the mean and possibly overrunning the mean. 15 min time-frame. Just an idea, not trading or investment advice.
Always Putting In A Protective Stop VIPER
New interim top. 1968, possible new bottom, short term, MEAN.
The Ever Behaviorist VIPER
On yesterday session, the EURUSD initially fell but found enough support near the 10-day moving average to trim all its losses and closed near the high of the day, although the currency pair closed within Monday’s range, which suggests being slightly on the bullish side of neutral.
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 at 1.2115, other daily resistance at 1.2041, a daily resistance at 1.1976, the 10-day moving average at 1.1958 (support), a daily support at 1.1910, other daily support at 1.1829 and a daily support at 1.1753.
Bom Dia honeill.
So with next week being the official start of our hunt’in season this is how we see it. I appears that this pair is headed higher. It has not broken and based under any support. We have been seeing overruns punching through resistance, and established levels, and this might be a function of the lower volume and lack momentum of Aug. and Sept. Now what does this mean, any shorts are counter trend and new traders should stay away from these. You are looking at maybe 10-15 pips per counter trade so not that significant of a haul. So if you are short term, look for long opportunities only, get in, grab 20 - 40 pips and run out, the next day rinse and repeat. EURO looks strong, keep an eye on the fed dots, this will help keep you out of trouble.
The Ever Lovin ELIS VIPER
This info is for educational purposes only, it is not intended as trading or investment advice. See you financial professional before investing.
OK, just to reinforce Viper’s message here is a nice little pic of daily over the last quarter.
Aside from the beautifully coloured purple line there are 3 significant punches up. Those last two in particular .
Oft times I hear guys say that ‘price was rejected’ and so it’s sell time - maybe only short term but the buyers are a buying more at a better price, yummy, yummy as they guzzle - they were not ‘rejecting’ the higher price.
Hmmm… I can hear the sound of some guzzling … price 1950
EUR/USD is very bearish for now. The pair is testing the support at 1.1880 and if it breaks out below that level it will probably continue falling towards 1.1820 - 1.1800.
EUR/USD fell sharply today amid tax reform plans talks having marked daily low at 1.1885, the lowest level for the last week. If the pair continue to fall next support at 1.1865 will come into play.
On yesterday session, the EURUSD fell with a wide range and close near the low of the day, in addition the currency pair managed to close below Tuesday’s low, which suggests a strong bearish momentum.
The currency pair closed below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2115, other daily resistance at 1.2041, a daily resistance at 1.1976, the 10-day moving average at 1.1950 (resistance), a daily resistance at 1.1910, a daily support at 1.1829 and a daily support at 1.1753.
EUR/USD ragains 1.19 after the US inflation report. But it’s not enough for recovering the bullish trend in the short-term.
On yesterday session, the EURUSD initially fell but found enough buying pressure near the 1.1829 support to trim all of its losses and managed to close near the high of the day, however the currency pair closed within Wednesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2115, other daily resistance at 1.2041, a daily resistance at 1.1976, the 10-day moving average at 1.1957 (resistance), a daily resistance at 1.1910, a daily support at 1.1829 and a daily support at 1.1753.
EUR/USD gained momentum during last two sessions, but yesterday couldn’t reach 1.20 mark and closed at 1.1945, more than 50 pips lower for the week. But in fact this is only a technical correction as the five month uptrend remains intact.
The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1940, adding 0.18%. I believe that support is now at 1.1387, Thursday’s low, and resistance is likely at 1.2041, Monday’s high.
The pair upside seems limited to 1.20 level, Eur/Usd is consolidating below it, no clear directional strength showing at the moment.
EUR/USD started the new week with range trade around 1.1940 ahead of this’s week FOMC rate decision, which will set more clear direction for the pair.
On the last Friday’s session the EURUSD initially rallied but found enough resistance at 1.1976 to trim some of its gains and closed in the middle of the daily range, however the currency pair closed above Thursday’s high, which suggests a bullish momentum.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2115, other daily resistance at 1.2041, a daily resistance at 1.1976, the 10-day moving average at 1.1961 (resistance), a daily resistance at 1.1910, a daily support at 1.1829 and a daily support at 1.1753.
The week is packed with fundamentals, let’s see how it unfolds. I’m bearish on US.
The US dollar took some advantage against the signle currentcy and the pair is now developing few pips above the 20-day SMA.
That was last Monday evening, no mention then from BOE of rate rises, it was Thursday before the ‘hint’ of raising rates.
When asked on Thursday about any possible rate hikes he said: “Now, we’ll take that decision based on the data. But yes that possibility has definitely increased.”
By thinking right side it’s possible to sense likely CB talk, CB’ers , unlike the algos, are big into thinking, they like to feed the market is small doses, then row back a little, then repeat some more.
Today the BOE are rowing back so Eur/Gbp heading back up, probably pull Eur/Usd with it.