You are playin it safe all the time, And i did the same waiting for the big moves tomorrow .
You are playin it safe all the time, And i did the same waiting for the big moves tomorrow .
fxstrategist
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Eurusd
The EURUSD drops close to the 1.0900 area, but it was expected to stay between that level and the 1.1000 until de FED's announcement.
The EURUSD drops close to the 1.0900 area, but it was expected to stay between that level and the 1.1000 until de FED's announcement.
Yesterday the EURUSD fell with a wide range, creating an outside day and close near the low of the day, in addition closed below the previous day low, all suggesting that the bears are stepping in.
The 10-day moving average continues to support the pair but now is turning flat ahead of the FED interest rate decision later today.
The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1084 (resistance), the 10-day moving average at 1.0937 (support), 1.0900 (support) and 1.0819 (support).
The 10-day moving average continues to support the pair but now is turning flat ahead of the FED interest rate decision later today.
The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1084 (resistance), the 10-day moving average at 1.0937 (support), 1.0900 (support) and 1.0819 (support).
The euro is losing ground against the dollar on Tuesday. As a result, the pair managed to break through the support at 1.0912. Although the single currency retreated against the dollar, short-term expectations remain in its favor. If they are justified resistance at 1.1070 could be tested. Tuesday session started at 1.0990, initially bulls prevailed and currencies peaked at 1.1059. Subsequently the direction was changed and ultimately came to a final price of 1.0928.
victoriajensen
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Indeed. Everyone are waiting for the FOMC interest rate statement and Yellen's press-conference. I don't think there's any point to try and trade EUR/USD before those events, but afterwards the market will go wild.
Sherif Fares
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EUR/USD is completely not moving all day long and waiting for the interest rate bomb to be dropped by the FED in 1 Hour.
You are right, the pair made a reversal from today's high 1.1010 and falling below 1.0900 level which is now become the important resistance handle, but Eur/Usd is still in the range.
The single currency recorded a volatile session against the dollar on Wednesday. Ultimately, the euro retreated, but the decrease was not significant. Meanwhile, the support at 1.0902 was pierced. If bearish sentiment continue in the future, the pair will test the level at 1.0838. Trading day on Wednesday started at a price of 1.0928, as the trend was relatively neutral to the beginning of long-awaited meeting of the US Federal Reserve. After that currencies fluctuate widely, the difference between the highest and lowest value for the day was 107 pips.
Yesterday the EURUSD initially rose but found enough selling pressure to turn around and and close near the low of the day, in addition closed below the previous day low, all suggesting that the bears remain in control.
The 10-day moving average reversed its roll from support to resistance, as the pair is now trading below it.
The key levels to watch are the 1.1097 (resistance), a 10-day moving average at 1.0933 (resistance), the 50-day moving average at 1.0835 (support), 1.0900 (support) and 1.0819 (support).
The 10-day moving average reversed its roll from support to resistance, as the pair is now trading below it.
The key levels to watch are the 1.1097 (resistance), a 10-day moving average at 1.0933 (resistance), the 50-day moving average at 1.0835 (support), 1.0900 (support) and 1.0819 (support).
victoriajensen
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If one thing became certain after the fundamentals last night that is EUR/USD will likely continue falling. It's currently testing the support at 1.0845, but I think it will continue moving to the downside at least until it reaches the next level of support at 1.0785.
Sherif Fares
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I agree, but it was surprising that the market didn't react to yesterday's interest rate announcement as expected.
The pair has already tested 1.0800 level, break below it would turn to next support zone 1.0785/80.
fxstrategist
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Eurusd
The EURUSD drops to the 1.0800 zone, but it doesnt seem like it wants to drop further.
The EURUSD drops to the 1.0800 zone, but it doesnt seem like it wants to drop further.
The euro recorded a second consequential reduction against the dollar on Thursday. Bearish sentiment was again leading and so the pair broke the support at 1.0838, after hitting bottom for the day at 1.0802. If expectations for the continuation of the downward trend is justified, currencies will test the level at 1.0795. The session on Thursday started at 1.0906, but in the first hours the single currency suffered losses. So the sessions closed at 1.0825.
Yesterday the EURUSD fell with a narrow range and close near the low of the day, in addition closed below the previous day low, all suggesting that the bears remain in control.
The 50-day moving average is acting as a dynamic support and held the price yesterday plus a close below it would signal a stronger bearish move.
The key levels to watch are: the 10-day moving average at 1.0928 (resistance), the 1.0900 (resistance), the 50-day moving average at 1.0824 (support), 1.0819 (support) and 1.0703 (support).
The 50-day moving average is acting as a dynamic support and held the price yesterday plus a close below it would signal a stronger bearish move.
The key levels to watch are: the 10-day moving average at 1.0928 (resistance), the 1.0900 (resistance), the 50-day moving average at 1.0824 (support), 1.0819 (support) and 1.0703 (support).
victoriajensen
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1.0800 proved to be too strong a support for it to break below this week, but I think next week we'll see a further move to the downside towards 1.0785, perhaps even 1.0700.
