EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
- Start date
sherif fares
Corporal
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EUR/USD is still in the range between 1.1380 and and 1.1325, Price need to close out of this trading range before opening a position.
victoriajensen
Private, 1st Class
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The pair will probably continue to consolidate until the ECB rate decision announcement later this week.
honeill
Sergeant
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Yesterday the EURUSD opened below the 10-daymoving average and tried to stay above it but quickly failed four a second time thus giving most of its gains back to the market with a narrow range but managed to close in the green near the open of the day.
The key levels to watch are 1.1460 (Resistance), the 10-day moving average at 1.1371 (resistance), the 50-day moving average at 1.1267 (support) and 1.1237 (support).
The key levels to watch are 1.1460 (Resistance), the 10-day moving average at 1.1371 (resistance), the 50-day moving average at 1.1267 (support) and 1.1237 (support).
Yesterday EUR/USD broke the negative series and recorded a successful first session of the last four. The euro rose by 20 pips to a closing price of 1.1344 after trading within the extreme values 1.1386 and 1.1323. Overall markets are waiting the meeting of the ECB, which is supposed to hint about further monetary stimulus including an increase in quantitative easing by year-end. Technical attitudes are neutral with immediate levels at 1.1315 and 1.1370.
sherif fares
Corporal
- Messages
- 451
The market barely moved today.the EUR/USD is trading around the opening price.
victoriajensen
Private, 1st Class
- Messages
- 1,117
Yes, it seems almost completely asleep, but that's like the calm before the storm. I expect a lot of volatility tomorrow.
