Eur/usd

[forex66]

@fxstrategist - I just read your post, I agree with you

 

[hatemypips]

The EURUSD rallies to the 1.1500 level which acts as resistance, but it could try to continue higher. The 200 day EMA at the 1.1527 level could act as resistance.

I see support at 1.13, January NFP looks really great especially Payrolls, though other numbers are mediocre (wages&unemployment)

 

[fxstrategist]

The EURUSD may continue lower below the 1.1266 level towards the 1.1200 level. Above the 1.1300 level, its next resistance could be the 1.1400 level.

 

[fxstrategist]

The EURUSD consolidates around the 1.1338 level where it forms a doji on the daily chart, being this an indecision pattern. Therefore, the price of the EURUSD may head in any direction from the current levels.

 

[fxstrategist]

The EURUSD rallies strongly to break above the 55 day EMA and reaches the 1.1400 level where it may find some resistance. However, if the pair breaks above the 1.1400 level, then it may reach the 200 day EMA around the 1.1500 level.

 

[fxstrategist]

Incredible drop on the EURUSD after the ECBs announcement. The pair drops below the 1.1200 level and it could drop to the 1.1100 zone, but since it is over-extended to the downside, it may try to correct to the upside.

 

[fxstrategist]

After last week's drop on the EURUSD, the pullback continues, but it may losing some steam. The pair may try to go back down, but the 1.1200 zone could act again as support.

 

[fxstrategist]

Very good start of a week for the EURUSD, which manages to break above the 1.1300 level. If the bullish momentum continues, the pair may find a resistance around the 55 day EMA at the 1.1344 level. The 1.1400 zone may also act as resistance.

 

[hatemypips]

After last week's drop on the EURUSD, the pullback continues, but it may losing some steam. The pair may try to go back down, but the 1.1200 zone could act again as support.

Hope it will break this support because I opened short position, basically betting on weak Euro fundamentals like slowdown in manufacturing and consumer optimism.

 

[fxstrategist]

The 1.1200 level acted once again as a support on the EURUSD, the bullish bounce takes the pair to the 1.1300 level where it consolidates and from where it may head in any direction.

 

[hatemypips]

Incredible drop on the EURUSD after the ECBs announcement. The pair drops below the 1.1200 level and it could drop to the 1.1100 zone, but since it is over-extended to the downside, it may try to correct to the upside.

I see that recent data from US and China improved while EU growth still lags behind. That's why Euro can eventually give up with money flowing into the US expecting higher yield there.