Bewayopa's Trading Ideas

[bewayopa]

ECB President Mario Draghi, will be at a Conference in Frankfurt.
He is expected to point out that the Bank is ready to act more if needed, following his comments that the ECB had reached its "lower bound" with respect to interest rates.

 

[bewayopa]

The dollar traded mixed against the major currency pairs.
Was higher than the NOK, AUD, NZD, CAD and SEK and lower than the JPY and GBP and virtually unchanged against the EUR and CHF.

 

[bewayopa]

EUR / USD fell yesterday to level 1.2700 coinciding with the MM50 periods.
At this level reacted and recovered to the levels of 1.2800.
The short term trend is positive and if the pair breaks the barrier of 1.2900 could lead to the 1.3000 major psychological level.

 

[bewayopa]

EUR/USD moved lower on Friday when reached near the MM200 resistance.
It stopped above 1.2700 (S1) line and MM50.
Significant levels of support: 1.2700 (S1) - 1.2600 (S2) - 1.2500 (S3);
Significant levels of resistance: 1.2900 (R1) - 1.3000 (R2) - 1.3100 (R3).

 

[bewayopa]

The dollar has been virtually unchanged against most of its currency crosses.
The striking absence of internationally events naturally makes this situation takes place.

 

[bewayopa]

The dollar has been on the rise against against almost all of its peers, except the JPY, AUD and NZD against which has been stable.

 

[bewayopa]

EUR / USD moved up denoting what brought the PMI data for October.
The numbers were above the neutral level for the 16th consecutive time.
The preliminary composite PMI of the euro zone - covering the sectors of industry and services.
Unexpected was the rise of the German PMI industry.

 

[abdul2012]

Hi,
Useful information for the EURUSD man .
thank you.

 

[bewayopa]

The EUR / USD has not been as active as it had used in the past weeks.
Known today were the sales of new housing in the United States in September with values ​​0,467M to stay above the previous value of 0,466M but below 0,470M representing the market consensus.

 

[bewayopa]

Some volatility was expected the next day to be known stress tests among European banks.
The dollar traded mixed against its peers but has been stronger than the EUR.
R3 - 1.27581
R2 - 1.27266
R1 - 1.26971
Pivot - 1.26656
S1 - 1.26361
S2 - 1.26046
S3 - 1.25751