EUR/USD at the 1.3800 level.

[Willyw]

Euro Dollar / US Dollar-EURUSD As of 10/04/17

*** Intra-Daily Trading Strategy:BUY Euro Dollar / US Dollar

Buy Target: 1.0612

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!


A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 2 white candles versus 8 black candles with a net of 6 black candles.

The previous 50 candlestick bars, there are 18 white candles versus 31 black candles with a net of 13 black candles.

A falling window has formed where the bottom of the previous shadow is above the top of the current shadow. This usually implies a continuation of a bearish trend.The two candles preceding the falling window were black, which makes this pattern even more bearish.MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 6 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased0.53%, and has been fluctuating from a high of 1.070 to a low of 1.057.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition.No Stochastic Buy or Sell signals generated today. The last signal was a Sell 8 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 95 day(s) ago.


The RSI has just reached its lowest value in the last 14 day(s). This is BEARISHsignal.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL103 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell8 day(s) ago.

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for Euro Dollar / US Dollar is Very Bearish

Euro Dollar / US Dollar closed above the lower Bollinger Band by 8.7%. Bollinger Bands are 9.29% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Fxwes]

EUR/USD failed to stay above the 1.06 handle and has entered in consolidation phase. Same level remains strong resistance while first support is seen at 1.0568 and lower at 1.0535.

 

[honeill]

On yesterday session, the EURUSD went back and forward without any clear direction but closed in the green, in the middle of the daily range, however the currency pair closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading below the 10, the 50 and 200-day moving averages that should provide dynamic resistance.

The key levels to watch are: the 50-day moving average at 1.0652 (resistance), the 10-day moving average at 1.0641 (resistance), a daily resistance at 1.0622, a Fibonacci retracement at 1.0584 (support) and other Fibonacci retracement at 1.0527 (support).

 

[victoriajensen]

After forming a double bottom at 1.0570 visible on the one-hour time-frame EUR/USD bounced off from that level and started moving to the upside again. The pair has already broken above 1.0600 again and its next target is likely 1.0660.

 

[Fxwes]

EUR/USD is flirting with 1.06 level and is offering no indications for strong direction change. Amid the uncertainty around French elections , the single currency may not push higher.

 

[honeill]

On yesterday session, the EURUSD again went back and forward without any clear direction but closed in the green, in the middle of the daily range, however the currency pair closed within Monday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading below the 10, the 50 and 200-day moving averages that should provide dynamic resistance.

The key levels to watch are: the 50-day moving average at 1.0652 (resistance), the 10-day moving average at 1.0634 (resistance), a daily resistance at 1.0622, a Fibonacci retracement at 1.0584 (support) and other Fibonacci retracement at 1.0527 (support).

 

[honeill]

On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Tuesday’s high, which suggests a strong bullish momentum.

The currency pair closed above the 10 and the 50-day moving averages that should provide dynamic support and is trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a Fibonacci level at 1.07132 (resistance), the 50-day moving average at 1.0653 (support), the 10-day moving average at 1.0635 (support), a daily support at 1.0622, and a Fibonacci retracement at 1.0584 (support).

 

[Fxwes]

EUR/USD posted fresh high at 1.0676 this morning, but retreated later to currently trade at 1.0640. This area is vunerable for the pair, as provides chance for further slide towards the 100-day SMA at 1.0625, below which retest of 1.0600 mark is expected.

 

[victoriajensen]

EUR/USD reached 1.0608 before bouncing off from that support, but that may not be the end of the move to the downside. If it breaks out under the aforementioned support it could reach 1.0570 again.

 

[honeill]

On yesterday session, the EURUSD fell with a narrow range and close near the low of the day, however the currency pair closed within Wednesdays range, which suggests being slightly on the bearish side of neutral.

The currency pair closed below above the 10 and the 50-day moving averages that should provide dynamic resistance and is also trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a Fibonacci level at 1.07132 (resistance), the 50-day moving average at 1.0654 (resistance), the 10-day moving average at 1.0631 (resistance), a daily support at 1.0622, and a Fibonacci retracement at 1.0584 (support).