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; Yesterday the EURUSD rose and closed near the high of the day just below the 10-day moving average on a ...

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Old Jul 9, 2015, 9:02am   #33
Joined Apr 2014
honeill started this thread Yesterday the EURUSD rose and closed near the high of the day just below the 10-day moving average on a narrow range day. The currency is in a clear consolidation mode between a daily resistance at 1.1097 and a 1.0955 Fibonacci level the 50% (support). This consolidation should continue until Friday as Greece prepares for a new and decisive summit scheduled for Sunday the 12 of July.
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Old Jul 9, 2015, 11:01am   #34
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Still consolidating...
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Old Jul 9, 2015, 12:43pm   #35
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EUR registered a growth against the USD yesterday, which was able to recover the lost positions during the previous day. The euro rose by nearly 65 pips to a closing price of 1.1075. The session took place in the final values 1.1091 and 1.0973. Yesterday's peak is a major challenge in an upward direction. Before its successful overcome the bears remain in the leading position.
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Old Jul 9, 2015, 4:11pm   #36
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Eur/Usd remains trading in a tight range between 1.1070 and 1.1020, unaffected by US or Greek news. Break of the range would show us a clear direction.
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Old Jul 9, 2015, 5:18pm   #37
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^
The pair moved out your range but I still don't see any clear direction, but looks like it's bearish.
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Old Jul 9, 2015, 7:03pm   #38
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EUR/USD surprisingly climbed more than 100 pips and again rebounds back to 1.1000 support/resistance level of 1.1000 is holding the price.
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Old Jul 9, 2015, 8:23pm   #39
 
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EUR/USD is consolidating but I think it will likely try to break below 1.1000 again.
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Old Jul 9, 2015, 9:15pm   #40
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EUR/USD is so weak this week and the Eurozone is in a state of alert to the fate of Greece.
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