K.I.S.S analysis EUR/USD

[honeill]

Yesterday EURUSD plunged with a wide range, making a bearish engulfing pattern and closed near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.

The pair is trading above the 10, 50 and 200-day moving averages that are acting as dynamic supports.

The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1460, the 50-day moving average at 1.1300 (support), the 10-day moving average at 1.1276 and a daily support at 1.1237.

 

[victoriajensen]

The move to the downside continued today and EUR/USD reached 1.1270 as I thought it would. If it breaks below that level next target is likely 1.1200.

 

[csc2009]

The move to the downside continued today and EUR/USD reached 1.1270 as I thought it would. If it breaks below that level next target is likely 1.1200.

I agree, the pair extended further south, hit fresh one week low, next target would be at 1.1200 level.

 

[arigoldman]

Exciting new week ahead.

 

[idimitrov]

The euro was down against the US Dollar on Friday. EUR/USD is at 1.1250, shedding 0.58%. The support is now located at the level of 1.1246, the low of Friday's trading, and resistance is likely to make the level of 1.1416 - the maximum of Thursday.

 

[deresel]

The dollar ended the week with a sharp rise against other major currencies, despite the Federal Reserve this summer lowered expectations of growth rates. On Friday, the USD index, showing the US dollar against a basket of major currencies, rose 0.65%. The index finished the week higher by 0.56%. On Friday, the EUR/USD pair finished trading at 1.1251, jumped 0.57% on the day, but losses for the week amounted to 1.02%.

 

[idimitrov]

Giving a forecast for the EUR/USD pair for the next month, the majority of experts (80%) insist on lowering the pair at least to the level of 1.1100. As a result, after ECB President Mario Draghi's speach, the pair really started to move south and graduated from a week in the middle between the support levels 1.1283 and 1.1200, designated on the basis of graphical data analysis.

 

[deresel]

The sentiment on the dollar remained fragile as markets revised expectations for the timing of the next rate hike the central bank of the United States after on Friday data showed the smallest increase in the number of employees since September 2010.
In addition, on Monday, Federal Reserve Chairman Janet Yellen said the US central bank does not intend to raise interest rates, while keeping the uncertain economic outlook in the United States. Yellen also expects, that the US recovery will continue, but did not specify the possible timing of the next rate hike.

 

[csc2009]

The pair probably consolidate in ranges prior to the UK referendum. Only 10 days to go, get ready for significant levels of high volatility.

 

[FX WES]

The euro marked a decline against the US dollar for a second day in a row on Friday. EUR/USD lost 62 pips to a closing price of 1.1252. The pair broke the first resistance at 1.1286. Next bears target is the first support at 1.1100. On the upside, the resistance is located at 1.1286.

 

[deresel]

EUR/USD tried to make upward movement last week, topped at 1.1414 but failed to keep the momentum, fell down and closed lower at 1.1252. Trade signals are low for testing the lower line of the bullish channel localized in the region of 1.1130. Immediate resistance is at 1.1285. A clear break below that area should lead the price to neutral trading zone testing 1.1320.

 

[idimitrov]

Important news will keep under pressure the participants in the Forex market next week. Decisions on interest rates in the US and the UK are the main topics that will monitor market participants. Concerns about Brexit will also influence their actions.

 

[deresel]

Key levels to watch for today:
Support: 1.1100;
Resistance: 1.1286; 1.1450; 1.1630.

 

[fxstrategist]

Eurusd

The EURUSD tries to pullback to the upside, but the bearish trend is still in place, it may try to visit the 1.1200 level.

 

[idimitrov]

On Monday, the dollar is stable at one-week high against other major currencies, as investors remain cautious ahead of the monthly meeting for the monetary policy of the Federal Reserve System, which will be held this week. The EUR/USD gained 0.12% to 1.1264. USD Index, which tracks the US currency against a basket of six major rivals, is stable in the region of one-week high 94.59.

 

[TKariuki]

School research

Hi guys,

I am sorry for interrupting the thread.

I am a student at United States International University Africa, based in Nairobi Kenya. I am currently doing a paper on trading strategies adopted by online retail currency traders. My goal is to find out the various trading strategies adopted by online retail currency traders and what drives their use of these strategies.

A lot of research has been done on institutional currency traders but there has been little progress on independent retail currency traders who are increasingly becoming an essential part of the global currency market. I found it necessary to direct my study on trading strategies used by currency traders towards retail currency traders.

Please follow the link below to be part of the survey as an independent retail currency trader

http://goo.gl/forms/N2jiDB2kXWtHMNwR2


The study and the findings will be made available to all members of Trade to Win.

For further correspondence, the official university website is www.usiu.ac.ke. My student details are:

Terrence Kariuki Wanjau
Student no 643561
Course Details: Masters in Business Administration (Finance)
Email: [email protected]

I will be glad to provide further literature on the topic

Thank you very much for participating

 

[deresel]

EUR/USD: correction to 1.1285 is expected. Intraday outlook: low - 1.1232, high - 1.1285, closing - 1.1265.

 

[idimitrov]

The price is below the middle line of Bollinger bands borders, below 5 EMA and EMA 13. RSI turns up. Stochastics come out of the oversold zone. MACD is below zero and demonstrates attenuation loss. Indicators confirm each other. I would sell the pair to rise from 1.1280-1.1300 with the prospect of its fall to 1.1140.

 

[victoriajensen]

The EURUSD tries to pullback to the upside, but the bearish trend is still in place, it may try to visit the 1.1200 level.

Most likely it will first reach 1.1300. The tight range continues, unfortunately. Let's hope the referendum in the UK will end it eventually.

 

[rosentray]

EUR/USD marks a positive day today after gonig to 1.1234 and reaching a high of 1.1304. The pair is now trading at 1.1280 and as it appears, it is consolidating between the low of 1.11 and the high of 1.14.