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; On yesterday session, the EURUSD initially rose but found yet again enough selling pressure near the 10-day moving average to ...

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Old Oct 6, 2017, 7:34am   #3441
Joined Apr 2014
honeill started this thread On yesterday session, the EURUSD initially rose but found yet again enough selling pressure near the 10-day moving average to reverse and closed near the low of the day, in addition the currency pair managed to close below Wednesday’s low, which suggests a strong bearish momentum.

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

The key levels to watch are: the 50-day moving average at 1.1859 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1757 (resistance), a daily resistance at 1.1753, a key level at 1.1684 (support) and other key level at 1.1593 (support).
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Old Oct 6, 2017, 4:33pm   #3442
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On Thursday, the euro lost 48 pips against the dollar. The day was opened at 1.1758 and during the first hours of the day it gradually climbed to a peak at 1.1778. After that, there was a sharp drop in qoutes, with a support at 1.1735. Bears recorded a bottom at 1.1698, and the last price for the day was 1.1710.
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Old Oct 9, 2017, 1:53am   #3443
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Eur/Usd bounce back up on North Korea missile test, short term the pair is showing no clear direction, resistance can be found at 1.1780.
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Old Oct 9, 2017, 9:29am   #3444
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honeill started this thread On the last Friday’s session the EURUSD initially fell but found enough support at 1.1684 to trim all of its losses and managed to close near the high of the day, however the currency pair closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.

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

The key levels to watch are: the 50-day moving average at 1.1857 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1754 (resistance), a daily resistance at 1.1753, a key level at 1.1684 (support) and other key level at 1.1593 (support).
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Old Oct 9, 2017, 4:11pm   #3445
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The EUR//USD pair is hovering around 23.6% Fibo of its latest March to September bullish run. The good marco data from EU was not enough to trigger any sharp moves and adding the lack of news from US, the pair will remain range bounded.
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Old Oct 9, 2017, 6:38pm   #3446
 
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The pair is forming a consolidation above the support at 1.1660. Considering the hammer candlestick on the daily time-frame above the support it may start moving to the upside again.
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Old Oct 10, 2017, 10:55am   #3447
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honeill started this thread On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition the currency pair managed to close above Friday’s high, which suggests a bullish momentum.

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

The key levels to watch are: the 50-day moving average at 1.1856 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1754 (resistance), a daily resistance at 1.1753, a key level at 1.1684 (support) and other key level at 1.1593 (support).
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Old Oct 10, 2017, 6:21pm   #3448
 
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EUR/USD did start rising and it is currently testing the resistance at 1.1800. A breakout above that level will probably lead to another move to the upside towards 1.1900 - 1.1920.
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