K.I.S.S Trading EUR/USD

This is a discussion on K.I.S.S Trading EUR/USD within the Forex forums, part of the Markets category; The single currency marked a modest decline against the US dollar on Tuesday. The euro lost only 19 pips to ...

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Old Jan 11, 2017, 8:45am   #2593
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The single currency marked a modest decline against the US dollar on Tuesday. The euro lost only 19 pips to close at 1.0553. The price continue to move over the moving averages, while RSI remain at neutral territory. If the bearish trend continues, we may expect testing the first support at 1.0550.
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Old Jan 11, 2017, 9:51am   #2594
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honeill started this thread On yesterday session, the EURUSD initially rose but found again enough resistance at 1.0622 to reverse and closed near the low of the day, however closed within Mondays range, which suggests being slightly on the bearish side of neutral.

The currency pair continues to trade above the 10-day moving average should act as a dynamic support and managed to close below the 50-day moving average that should act now as a dynamic resistance but remains trading below the 200-day moving average that also should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0572 (resistance), the 10-day moving average at 1.0517 (support) and a daily support at 1.0462.
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Old Jan 11, 2017, 2:25pm   #2595
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EUR/USD is trading lower today going to 1.05. The pair is now trading at 1.0511 as uncertainty continues to be high due to the coming Inauguration of Donald Trump as POTUS.
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Old Jan 11, 2017, 2:33pm   #2596
 
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EUR/USD is testing the support at 1.0500. A breakout below that level will likely lead to a further move to the downside towards 1.0470 - 1.0450.
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Old Jan 12, 2017, 8:30am   #2597
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EUR/USD is now trading above 1.0630 with a high of 1.0639. The first speech of Donald Trump since July impacted the US dollar as it depreciated against all competitors. First support zone is seen at 1.0630 while first resistance is seen at 1.0660.
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Old Jan 12, 2017, 10:11am   #2598
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honeill started this thread On yesterday session, the EURUSD initially plunged but found enough buying pressure at 1.0462 to trim all its losses and managed to close near the high of the day, however closed within Tuesdays range, which suggests being slightly on the bullish side of neutral.

The currency pair continues to trade above the 10-day moving average should act as a dynamic support and managed to close back above the 50-day moving average that should act now as a dynamic support but remains trading below the 200-day moving average that also should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0566 (support), the 10-day moving average at 1.0526 (support) and a daily support at 1.0462.
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Old Jan 12, 2017, 1:40pm   #2599
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The US Presidential Elect Donald Trump’s press conference set the US dollar under pressure and trigggered sell-off. The EUR/USD pair is pushing higher and is aiming 1.07 level with technical indicators supporting the bullish tone.
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Old Jan 12, 2017, 2:24pm   #2600
 
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I agree, the nearest target for this pair is at 1.0700, but it will likely continue rising higher than that toward 1.0750 - 1.0760.
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