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    Page 282 of 282 ... 277 280 281 282
    Results 2,811 to 2,819 of 2819

    Thread: EUR/USD (part 80)

    1. #2811 Collapse Post
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      EUR/USD steps back from one-week top, still above 200-bar SMA.
      Monthly falling trend line becomes the key immediate upside barrier.
      Ascending trend line from April 24 adds to the support.
      EUR/USD retreats from 1.0996 to currently around 1.0972, down on 0.09% a day, during Wednesday’s Asian session. The pair’s recent pullback takes clues from nearly overbought RSI conditions, coupled with the proximity to important resistance.

      That said, the pair can revisit 1.0900 support while 200-bar SMA near 1.0870 could restrict further downside.

      If sellers refrain to respect 1.0870 rest-point, a month-old rising support line, at 1.0800 now, could grab the market attention.

      On the upside, a sustained break above the falling trend line from May 01, currently near 1.0005, could set the tone for a fresh run-up that challenges a monthly top near 1.1020.

      ---------- Post added at 07:25 PM ---------- Previous post was at 07:23 PM ----------

      FX Strategists at UOB Group noted the outlook on EUR/USD remains tilted to the positive side for the time being.

      Key Quote
      24-hour view: “The sudden strong surge in EUR that sent it soaring to an overnight high of 1.0995 came as a surprise. While upward momentum remains strong, overbought conditions suggest the rapid advance is likely to take a breather for now. In other words, EUR is expected to consolidate and trade between 1.0940 and 1.1000.”

      Next 1-3 weeks: “EUR continues to trade in a choppy manner as it surged and recouped most of last week’s decline (1.0980, +0.54%). The advance is quickly approaching the top our expected 1.0800/1.1000 range (overnight high of 1.0995) and upward momentum has ticked up. While the bias is tilted to the upside, EUR has to close above 1.1020 before a more sustained advance can be expected. In the meanwhile, the outlook for EUR is deemed as mildly positive as long as it does move below 1.0900 within these few days.”


    2. #2812 Collapse Post
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      Good day to all traders and speculators who are here in the forum!

      Let’s talk about the euro/dollar currency pair:

      The euro declined below the resistance level of 1.1000 yesterday, which is not surprising since the majority of the traders attempted to break through this level. Therefore, creating a swing is necessary to be able to knock out those who are not stable in their decisions.

      However, at the same time, we should also keep an eye to the development of the upward movement. The price of this currency pair slowly went back above the level of 1.1000 and is currently trading higher. Yesterday, it was mentioned that entering the market on pullbacks is needed, so the one who followed this recommendation did great.

      Now, the price in the Asian trading session is gradually increasing and consolidating at the top of the level of 1.1000. We expect the bulls’ barrier at the level of 1.1050, from which they could slightly slow down the price, but the overall upward trend should remain the same. From the point of view of technical analysis, everything continues to look great in the upward direction, the moving averages (MA) are under the current price, which indicates the upside. Therefore, generally, the plan is certain. We trade upwards, focus our attention at the level of 1.1050 and the goal can be maintained up to the level of resistance located at 1.1140.

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    3. #2813 Collapse Post
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      For a further upwards movement, the quotes need to breakout and consolidate above the resistance level 1.1025, and continue moving at least to the next resistance level at 1.1095. Thus, wait for the quotes to reach the resistance level 1.1140 before opening buy positions, in order to gain profit.

      Meanwhile, if quotes go below the current resistance level of 1.1025, the pair will go further down to the level of 1.0950, a breakout of which will push the quotes lower at the support level of 1.0888, from which sell positions should be opened to earn profit at least to the resistance level at 1.1095.

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    4. #2814 Collapse Post
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      Welcome to the forum dear traders and speculators!

      Let’s discuss the current situation of the EUR/USD currency pair:

      It’s already Thursday, which means that the end of the week is already near. Time flies unnoticeably. For the economic calendar, GDP data will be published which is considered to be the most interesting data. It is believed that this will be able to give the par movement, and the rest of time we hope for technical zigzag movements.

      Now, let’s move on to the details. On the M15 chart, trading took place under the level of 1.1037. In the meantime, only the lower charts started to show signals of a possible start of decline, so when consolidating over this level, thoughts of a pullback will be moved to the side. Meanwhile, on the M30 chart, support is located around 1.0979. We are coming to a certain range, where a break through of one of the boundaries will indicate the resumption of the trend.

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      The buy signal is also saved on the hourly chart, but it is not reasonable to buy here now. The key zone is located in the area of 1.0950 and consolidating below which will already give the basis for a decline in quotes. For now, only a pullback to the indicated levels is likely, and then how big the bears will be.

      Today’s testing of the level of 161.8 on the Fibo grid plays in favor of sellers. On May 21, a similar movement was already observed, when the euro/dollar pair made a small update of the high and then declined. According to the Fibo, this option can be considered, but in addition to this, more signals are necessary from the indicator. To sum everything up, the following course of action of the price is assumed: a decline in quotes to the level of 1.0950 is expected, where the fate of the movement will be determined. In case of consolidation, it means that the downside has confirmed and we will continue to decline. But for now, we should wait for a rebound within the day to 1.0990 and then another attempt to decline.

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    5. #2815 Collapse Post
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      Today we will see will the price make a pullback to 1.09860 level which now is acting as a support level. Price could make a pullback before trying to break above 1.10373 level.
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    6. #2816 Collapse Post
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      The eur / usd currency pair continues its growth attempt and resistance test of 1.1028 today. Today, I expect the pair to decline with a goal below the support of 1.0991, but on the way there will be a weekly support level of 1.1006 from which the growth started this morning. If we break through, the chances of further declines increase. The cancellation of the decline will be a strong growth above the resistance of 1.1028, in this case, it is likely that we will continue to actively fly up. If we consider a decrease, as mentioned above, the first target will be the weekly level 1.01006, the next day will perform the 1.0991 level, if you start to fall below, today throughout the day expect movement to the target below the support S1 1.0954. If we break through this level, we fly further down. If the growth continues, the first goal is 1.1028, and then I think we will crawl above the resistance of 1.1111 weekly level.
      Attached Images  


    7. #2817 Collapse Post
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      Hello and good day!

      The pair continuously trades at triangle trend lines, and it has, at present, exited in an upward direction and was able to reach above the level of 1.1008. From this level, continuous growth is expected with a test at the target at the resistance level of 1.1060 - 1.1066. Upon reaching this level, a downward pullback is possible for purchases at attracting prices. Consolidation of this level will indicate a possible growth to 1.1124. This level is also the target growth of intraday trading. I wish everyone success in trading and good profits ahead!

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    8. #2818 Collapse Post
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      Yesterday, the pair broke through the resistance level of 1.09545. After the breakout, the pair headed for resistance at the level of 1.10438.

      However, the euro/dollar pair did not touch the resistance level, but made a rebound and then returned to the support level of 1.09545 again. The price failed to break through this support and the pair gained ground again. This indicates that the pair is likely to move upwards further.

      The pair managed to reach the resistance level, and now it is likely to start testing this level. If the pair is able to break through it, the price will most likely achieve resistance at 1.10998 today.

      If the price had broken through the support level of 1.09545 yesterday, this would mean that the pair had resumed its upward movement.

      However, in my opinion, the pair has already left its trading range on the daily and now the price is expected to move upwards.

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      On the daily chart, the resistance level of 1.09694 has been broken. Therefore, we can conclude that the pair has completed its sideways trend and started to move in an upward direction.

      For the first time since the price rebounded from the opposite side of the range, the pair bumped into the support level of 1.08940 and then went up again. This happened after the report on monetary policy had been released. Apparently, it turned out to be favourable to the pair's growth.

      The trading day opened above the resistance level of 1.09694, which points to the pair's continued upward movement.

      However, I do not think that the pair will go far, because it has left stop loss orders below its sideways daily range at the support level of 1.07490. Thus, I expect the pair to return to the area below this sideways range, remove traders' stop orders, and then resume its upward trend. As for a downward movement, the pair may go down from resistance at around 1.10998.

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    9. #2819 Collapse Post
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      Quote Originally Posted by EarnestMike     
      Yesterday, the pair broke through the resistance level of 1.09545. After the breakout, the pair headed for resistance at the level of 1.10438.

      However, the euro/dollar pair did not touch the resistance level, but made a rebound and then returned to the support level of 1.09545 again. The price failed to break through this support and the pair gained ground again. This indicates that the pair is likely to move upwards further.

      The pair managed to reach the resistance level, and now it is likely to start testing this level. If the pair is able to break through it, the price will most likely achieve resistance at 1.10998 today.

      If the price had broken through the support level of 1.09545 yesterday, this would mean that the pair had resumed its upward movement.

      However, in my opinion, the pair has already left its trading range on the daily and now the price is expected to move upwards.

      Attachment 201344

      On the daily chart, the resistance level of 1.09694 has been broken. Therefore, we can conclude that the pair has completed its sideways trend and started to move in an upward direction.

      For the first time since the price rebounded from the opposite side of the range, the pair bumped into the support level of 1.08940 and then went up again. This happened after the report on monetary policy had been released. Apparently, it turned out to be favourable to the pair's growth.

      The trading day opened above the resistance level of 1.09694, which points to the pair's continued upward movement.

      However, I do not think that the pair will go far, because it has left stop loss orders below its sideways daily range at the support level of 1.07490. Thus, I expect the pair to return to the area below this sideways range, remove traders' stop orders, and then resume its upward trend. As for a downward movement, the pair may go down from resistance at around 1.10998.

      Attachment 201346
      Thanks for your analysis eurusd, this week is will complete monthly time frame. If tomorrow candle for weekly closed bullish, maybe we can see eurusd at 1.2xx if resistance 1.14xx broken


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