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

OK - I bow to your superior knowledge and experienc3e on such matters. I did notice a similar thread on T2W with the same “Participants” :slight_smile:

why does the site let them on board ?

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You know, I forever wondered about that…Why do they let them? Who knows?

Ah, so you are on T2W (Trade to win) too? How is it different to BP forums, in your opinion?

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Yeah joined T2W 2003 :slight_smile: After “Tactical Trader” started to falter.

Pm me I’ll talk to you over there - different name !

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On yesterday session, the EURUSD went back and forward without any clear direction, in addition closed in the middle of the daily range, furthermore the currency pair managed to within Tuesday range, which suggests being clearly neutral, neither side is showing control.

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 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), the 10-day moving average at 1.1843 (support), a daily support at 1.1829 and other daily support at 1.1753.

my money would be on there are very few participants in these type of threads 1, 2, maybe at a stretch 3 posting it all.

in the main most, but not all, seem to have a blog. the reason, in my opinion, is they post across various forums in an attempt to promote these blogs.

what links it all together is that every man jack of them carry ads for the very same broker.

The EUR/USD made a move to the upside, interesting to see how this plays out.

On yesterday session, the EURUSD initially fell but found enough buying pressure near Wednesdays low to wipe out all of its losses and closed near the high of the day, in addition the currency pair managed to close above Wednesdays high, which suggests a strong bullish momentum.

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 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), the 10-day moving average at 1.1865 (support), a daily support at 1.1829 and other daily support at 1.1753.

I still see room for a northward move of this pair although there has been retracement southward recently. An ascending trendline on the D1 time frame is still holding. However, we may expect a turnaround southward at the 1.20060 area.

Trade safe and prosper.

It was a very shaky day for EUR/USD but the pair is back at higher levels with current market price 1.1930. I think the pair will test the resistance at 1.1961.

After having turbulent week, EUR/USD closed at 1.1891, slightly below the key level 1.19. Immediate support is seen ay 1.1880 with a break below it the pair will extend its donward correction towards 1.1830-1.1840 area. Looking to the upside, 1.1960 remains first bulls target.

Eur/Usd started the week with a bearish gap and trading within a narrow range, found support level at 1.1836 and follow by 1.1806, break below will generate strong bearish strength.

On the last Friday’s session, the EURUSD went back and forward without any clear direction but closed in the middle of the daily range, in addition the currency pair managed to close within Thursday’s range, which suggests being clearly neutral, neither side is showing control.
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 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), the 10-day moving average at 1.1865 (support), a daily support at 1.1829 and other daily support at 1.1753.

EUR/USD started the new week with weak tunes. The pair found support at the 50% Fibo of latest bearish September to November slope (1.1824) and bounced to currently trade at 1.1850.

On yesterday session, the EURUSD initially fell but found enough support to rub out all of its initial losses and closed near the high of the day, however the currency pair managed to close within Friday’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 trading above the 50 and the 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), the 10-day moving average at 1.1883 (resistance), a daily support at 1.1829 and other daily support at 1.1753.

EUR/USD touched 1.18 level today, but bounced to currently trade at 1.1824. Anyway the short-term sentiment remains bearish, according to indicators on the four hour time frame.

On yesterday session, the EURUSD fell with a wide range but managed to recover by the end of the session closing in the middle of the daily range, in addition the currency pair succeeded to close below Monday’s low, which suggests bearish momentum.

The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is trading above the 50 and the 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), the 10-day moving average at 1.1870 (resistance), a daily support at 1.1829 and other daily support at 1.1753.

EUR/USD reached two weeks low today and will continue to keep its bearish stance in the short term, confirmed by the indicators on the four hout time frame.

On yesterday session, the EURUSD fell with a narrow range but managed to recover by the end of the session again and closed in the middle of the daily range, furthermore the currency pair managed to close within Tuesday range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is trading above the 50 and the 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), the 10-day moving average at 1.1854 (resistance), a daily support at 1.1829 and other daily support at 1.1753.

The pair is consolidating sideways between 1.1775 and 1.1810. Considering the major fundamentals coming out tomorrow that consolidation probably won’t end before that.

With US Senate intending to extend the debt ceiling and avoid a government shutdown and US dollar might add some fuel, otherwise the pair is poised to extend its decline towards the support at 1.1715, having the expectations of NFP tomorrow.