victoriajensen
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EUR/USD bounced off 1.1200 yet again and is moving to the downside towards 1.1150. A breakout below that support would lead to a further drop towards 1.1100.
Yesterday the EURUSD fell with a narrow range and closed near the low of the day, although managed to close within the previous day range, which suggests being slightly on the bearish side of neutral.
The pair continues to trade below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 10-day moving average at 1.1199 (resistance), a Fibonacci retracement at 1.1181 (resistance), a daily support at 1.1097 and a 23.6% Fibonacci retracement at 1.1078 (support).
The pair continues to trade below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 10-day moving average at 1.1199 (resistance), a Fibonacci retracement at 1.1181 (resistance), a daily support at 1.1097 and a 23.6% Fibonacci retracement at 1.1078 (support).
Trader Dale
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EUR/USD for 11.10.2016
Yesterday was a trend day for eur/usd which was quite unexpected because it was Monday and US holiday. Because of this I am more short biased today. I have one intraday short level for today. Pretty big institutional orders there.
eur/usd short 1.1153. SL 12 pip, PT 10 pip (or as some of my friends from my thread - use 2 halves of position and for 2nd halve do some trailing )
Happy trading guys and follow my thread if you like my ideas.
Yesterday was a trend day for eur/usd which was quite unexpected because it was Monday and US holiday. Because of this I am more short biased today. I have one intraday short level for today. Pretty big institutional orders there.
eur/usd short 1.1153. SL 12 pip, PT 10 pip (or as some of my friends from my thread - use 2 halves of position and for 2nd halve do some trailing )
Happy trading guys and follow my thread if you like my ideas.
EUR/USD started the week with losses, with the euro depreciating by almost 40 pips to its lowest closing value of two months at 1.1137. The price remains under downward moving averages, RSI supports the bears, hinting at a possible test of 1.1105. Resistanceis located at 1.1280 and 1.1355.
The euro was down against the US Dollar on Monday. By the close of US trading EUR / USD was trading at 1.1138, shedding 0.56%. I believe that the support is now located at the level of 1.1101, Friday's low, and resistance is likely at the level of 1.1238 - the maximum of Wednesday.
victoriajensen
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EUR/USD finally broke below the support at 1.1100. Its next target is likely 1.1000 or even 1.0950.
More likely the anticipation of a rate hike
The pair marked its worst session for the last three weeks and was trading at lowest levels since early August within 1.1141 and 1.1048. The price overcame the recent range and remains below the descending moving averages. The sentiment remains negative with immediate target yesterday's low.
Yesterday the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.
The pair continues to trade below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1182 (resistance), a daily resistance at 1.1097, August swing low at 1.1046 (support) and July swing low at 1.0952 (support).
The pair continues to trade below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1182 (resistance), a daily resistance at 1.1097, August swing low at 1.1046 (support) and July swing low at 1.0952 (support).
Trader Dale
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Hi guys, have look at my intraday trades for eur/usd. They are 1.1111 short and 1.1155 short. When making them I use market profile, orderflow and price action to determine the activity of big guys like banks etc...
PT 10 pips, SL 12 pips
This is how orderflow looks like on the first short level. Very strong institutional volume activity (on futures)
PT 10 pips, SL 12 pips
This is how orderflow looks like on the first short level. Very strong institutional volume activity (on futures)
victoriajensen
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EUR/USD has almost reached the support at 1.1000 and whether it will break below it remains to be seen. That said, we should keep in mind that the FOMC meeting minutes will be released today, so we can expect major volatility.
1.1000 level is critical, break below this psychological handle means further decline.
The single currency lost value for a third consecutive session on Wednesday. The pair continued depreciating and lost 47 pips to a closing price of 1.1005, which is a new two-month low. Next target of the bears is the key support located at 1.1000/1.0990.
