Eur/usd

fxstrategist

Active member
Apr 10, 2014
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The EURUSD rallies again to the 55 day EMA, just above the 1.1400 level, which is acting as a resistance. In case of a bullish breakout, its next resistance could be the 1.1500 level. Above the 1.1500 level, its next resistance could be the 200 day EMA around the 1.1601 level. To the downside, the 1.1300 level could act as support.
 
Sep 3, 2018
92
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Today we might see a break of the symmetrical triangle boosted by the ECB interest rate decision or even by the following Mario Draghi press conference.
 

fxstrategist

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Apr 10, 2014
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No real surprise on the EURUSD after the ECB comments. Lots of intraday volatility, but no clear direction. The EURUSD is trapped between the 1.1300 level and the 1.1400 level where we can also find the 55 day EMA.
 
Sep 3, 2018
92
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Seems like EUR/USD broke 1.1300 level and is now running for the year-to-date low at 1.1214.
 

fxstrategist

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Apr 10, 2014
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The EURUSD tries to break below the 1.1300 level, but leaves behind a false breakdown. The pair may continue consolidated between the 1.1300 level and the 1.1400 level with the 55 day EMA also acting as resistance.
 
Likes: Wilson80
Sep 3, 2018
92
0
6
Now is testing the 1.1400 level and looks like is getting ready to pop to the upside toward 1.1500. Let's see what the Fed will bring to the table later today.
 

fxstrategist

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Apr 10, 2014
565
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The EURUSD is very undecided around the 1.1465 level with low volatilty, its most relevant resistance is still its 200 day EMA around the 1.1546 level and its support is at the 1.1400 level. From the current position, the pair may head in any direction.
 
Apr 10, 2014
565
15
28
The EURUSD completes four sessions in a row stuck around the 1.1363 level without a clear direction. The 1.1400 level along with the 55 day EMA could act as resistance and the 1.1300 level could act as support.