Re: EUR/USD

462
Deez wrote: Thu May 16, 2019 11:09 pm Got my eye on the next four hours...
Nice one bro. Looking for shorts?
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Deez
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DislikeEURUSD resumes the downside near 1.1150

465
She's falling and falling :(

EUR/USD resumes the downside near 1.1150 ahead of ECB, data


  • EUR/USD moves lower and returns to the mid-1.1100s.
  • The greenback appears bid early in Europe.
  • ECB’s De Guindos is due to speak later in the session.

The sentiment around the European currency remains subdued in the second half of the month, with EUR/USD now reversing Monday’s uptick and refocusing on the 1.1150 region.

EUR/USD looks to trade, ECB

Spot is navigating the lower end of the recent range following last week’s sharp sell off, while some decent contention appears to have emerged near 1.1150 for the time being.

In the meantime, the US-China trade dispute continues to drive the mood around the global markets despite the lack of fresh headlines as of late. In this regard, news around Chinese blue chip Huawei has grabbed all the attention in past hours.

In addition, spot remains vigilant on the renewed geopolitical effervescence around US and Iran, which should keep the demand for safer assets well and sound.

Later in the session, ECB’s VP L.De Guindos will speak at ‘The International Financial Services Forum 2019’ in London in an otherwise empty docket in Euroland,

Across the pond, April’s Existing Home Sales and speeches by FOMC’s Evans and Rosengren should keep the focus on the buck.

What to look for around EUR

Recent data releases in Euroland and Germany have poured cold water over the idea that some healing process could be under way in the region, re-shifting the focus to the ongoing slowdown and its probable duration and extension. In the meantime, the current ‘neutral/dovish’ stance from the ECB is expected to persist for the remainder of the year and probable through H1 2020. The broad-based risk-appetite trends and USD-dynamics should dictate the sentiment surrounding the European currency for the time being, all in combination with the now stalled US-China negotiations and potential US tariffs on EU products. On the political front, Italy has re-emerged as a source of uncertainty and volatility, while investors’ focus has now shifted to the EU parliamentary elections next week.

EUR/USD levels to watch

At the moment, the pair is losing 0.12% at 1.1152 and faces the next support at 1.1135 (low May 3) seconded by 1.1109 (2019 low Apr.26) and finally 1.0839 (monthly low May 2017). On the other hand, a break above 1.1239 (55-day SMA) would target 1.1264 (high May 1) en route to 1.1302 (100-day SMA).

Sources: https://forex-station.com (Chart) & https://www.fxstreet.com/news/eur-usd-r ... 1905210620 (Article)
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EURUSD Technical Analysis: Extra pullbacks remain on the cards

466
EUR/USD Technical Analysis: Extra pullbacks remain on the cards

  • EUR/USD is gradually grinding lower, putting the 1.1150 region under further pressure today.
  • The bearish view on the pair is expected to persist while below the multi-month resistance line at 1.1281 and the Fibo retracement of the 2019 drop at 1.1284.
  • Occasional bouts of buying interest are seen facing interim resistance in the 1.1180/85 band, where converge weekly highs and the 10-day/21-day SMAs.

Trend: Extremely Bearish

EUR/USD daily chart


Source: https://www.fxstreet.com/news/eur-usd-t ... 1905230658
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EURUSD moves toward the 200 hour MA

467
EURUSD moves toward the 200 hour MA and other resistance targets

The squeeze continues in the EURUSD. Tests high from yesterday

The EURUSD has moved toward the high from yestreday at 1.11797, AND the falling 200 hour MA not far from that level at 1.11816. The 50% of the move down from the May 13 high comes in at 1.11847. Safe to say, the pair is running into a cluster of resistance that extends from 1.11797 to 1.1187 (high from Tuesday's trading).


Do sellers lean on the first look? They are trying to catch a falling knife (or rising knife in a vacuum without gravity). Why not? Especially for those who have run the pair higher today. However, if the area is broken there could be more momentum. In addition, there is support below (100 hour MA and trend lines) that should be support now....

Source: https://www.forexlive.com/technical-ana ... a-20190523
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EURUSD clings to gain, stays sidelined below 1.1200

468
EUR/USD clings to gain, stays sidelined below 1.1200


  • EUR/USD loses momentum just above the 1.1200 mark.
  • The greenback remains vulnerable near 97.70.
  • Spot rebounds from 2019 lows near 1.1100.

The single currency manages well to keep daily gains so far on Friday, taking EUR/USD fresh peaks just beyond 1.1200 the figure, where it lost some momentum.

EUR/USD looks to data, trade
While trade jitters continue to dictate the global sentiment for the time being, markets remain on a sideline theme as investors keep digesting yesterday’s miserable prints from the US docket and the significant drop in US yields.

In the meantime, there seems to be some feeling of respite in the risk-associated complex, which is helping spot to stick to the positive territory so far this week, partially reversing last week’s pullback.

Later in the NA session, April’s Durable Goods Orders will be the sole release ahead of the weekly report on US drilling activity by Baker Hughes.

What to look for around EUR

Recent data releases in Euroland and Germany have poured cold water over the idea that some healing process could be underway in the region, re-shifting the focus to the ongoing slowdown and its probable duration and extension. This view has been reinforced in recent ECB minutes, where the Council appeared unconvinced about a pick up in the economic activity in the medium term horizon. That said, the current ‘neutral/dovish’ stance from the ECB is expected to persist for the remainder of the year and probable through H1 2020. The broad-based risk-appetite trends and USD-dynamics should dictate the sentiment surrounding the European currency for the time being, all in combination with the now stalled US-China negotiations and potential US tariffs on EU products. On the political front, Italy has re-emerged as a source of uncertainty and volatility, while investors’ focus has now shifted to the results of the EU parliamentary elections (Sunday).

EUR/USD levels to watch
At the moment, the pair is gaining 0.04% at 1.1186 and a breakout of 1.1205 (high May 24) would target 1.1217 (23.6% Fibo of the 2019 drop) en route to 1.1236 (55-day SMA). On the flip side, immediate support lines up at 1.1107 (2019 low May 23) seconded by 1.0905 (high Mar.27 2017) and finally 1.0839 (monthly low May 2017).

Sources: https://forex-station.com (Chart) & https://www.fxstreet.com/news/eur-usd-c ... 1905241118 (Article)
Are you looking for a Forex broker? FBS cuts spreads by up to 58%. Click here to begin your trading journey, today.
No commissions are earned by Forex-station.


Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
Use Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions
An easy trick for drawing Support & Resistance

EURUSD unable to gather traction above 1.1200

469
EUR/USD unable to gather traction above 1.1200


  • EUR/USD alternates gains with losses around the 1.1200 handle.
  • The greenback appears sidelined in the 97.50/60 band.
  • ECB’s B.Coeure due to speak later in the day.

The sentiment around the shared currency stays mixed early in the European session, with EUR/USD orbiting without clear direction around the 1.1200 handle.

EUR/USD steady near 1.1200 post EU elections

The selling pressure around the single currency looks alleviated at the beginning of the week, helped by the results from the EU parliamentary elections, where the populist/Eurosceptic option lost some traction. However, it is worth noting Marine Le Pen’s RN victory vs. President Emmanuel Macron’s REM.

On another direction, US-China trade dispute remains the key catalyst for the price action around the global markets, all despite the lack of further/significant news in past days.

There are no scheduled publications in the euro docket today, although ECB’s B.Coeure will speak at a BIS event in Basel.

What to look for around EUR

Recent data releases in Euroland and Germany have poured cold water over the idea that some healing process could be underway in the region, re-shifting the focus to the ongoing slowdown and its probable duration and extension. This view has been reinforced in recent ECB minutes, where the Council appeared unconvinced about a pick up in the economic activity in the medium term horizon. That said, the current ‘neutral/dovish’ stance from the ECB is expected to persist for the remainder of the year and probable through H1 2020. The broad-based risk-appetite trends and USD-dynamics should dictate the sentiment surrounding the European currency for the time being, all in combination with the now stalled US-China negotiations and potential US tariffs on EU products. On the political front, Italian politics has re-emerged as a source of uncertainty and volatility with the main focus of attention on its fiscal struggle vs. Brussels.

EUR/USD levels to watch

At the moment, the pair is gaining 0.02% at 1.1205 and a breakout of 1.1215 (high May 27) would target 1.1235 (55-day SMA) en route to 1.1264 (monthly high May 1). On the flip side, immediate support lines up at 1.1191 (21-day SMA) seconded by 1.1107 (2019 low May 23) and finally 1.0905 (high Mar.27 2017).

Sources: https://forex-station.com (Chart) & https://www.fxstreet.com/news/eur-usd-u ... 1905270649 (Article)
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