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What is the key resistance of EUR/USD?

Discussion in 'Forex Trading Room' started by ikonforex, Jan 17, 2011.

  1. ikonforex

    ikonforex New Member

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    In the morning session of Asia market on Monday, 18th January 18, 2011, EUR/USD had the consolidation nearby 1.3270. And the forex price on the previous night hit the lowest level on 1.3245; afterwards, even though the forex price once bounded back to 1.3330, it is difficult for it to hold steadily.

    The analyst pointed out that in technical, the dollar index declined to 78.80 and then rebounded, plus China released further tightened signal, resulting in this round of EUR/USD uptrend (1.2860 to 1.3453) being suffocated above 1.3400.

    However, the expectation to the EFSF expanding in euro zone in previous night was suffered, which enlarged the degree of EUR/USD call-back.

    The short-term resistance of EUR/USD was in 1.3300. If it failed to take back in Asia market or European market, the forex price trend will tend to drop.

    Forex news on forex market

    Edited By Sarah
     
  2. Jhon Kumar

    Jhon Kumar New Member

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    I believe that you just could do with some percent to pressure the massage house a bit, but instead of that, that is excellent blog. A fantastic read.
     
  3. autotrader1

    autotrader1 New Member

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    EUR/CHF DAILY as of Wednesday, 27 February, 2013
    A Daily black body has formed (because prices closed lower than they opened).
    For the past 10 Daily candlestick bars as of 26/02/13, there are 3 white candles versus 7 black candles with a net of 4 black candles.
    For the past 50 Daily candlestick bars as of 26/02/13, there are 22 white candles versus 24 black candles with a net of 2 black candles.
    A Daily long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).Three Daily black candles has formed during the last three Daily bars. Although these candles were not big enough to create three Daily black crows, the steady downward pattern is bearish.
    Euro Dollar / Swiss Franc broke below the downside support level of 1.23, 1 day ago. This is a bearish sign. This previous support level of 1.23 may now provide upside resistance. Prices having only declined 0.06% since the breakout, the validity of the breakout is questionable.
    Euro Dollar / Swiss Franc closed below the lower Bollinger Band by 10.1%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. Bollinger Bands are 97.38% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to Euro Dollar / Swiss Franc's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 33 days. The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.
    EURUSD might retracment intraday to 1.3104 before declining.
    Mid-term: Sell
    Intraday: Buy (Target: 13104; Stop loss: 1.2986)
     

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  4. autotrader1

    autotrader1 New Member

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    EUR/USD DAILY as of Tuesday, 26 March, 2013
    Currently the RSI does not show any Failure Swings but Prices has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.
    A SAR Buy signal yesterday. If you are short, this might be a good place to exit.
    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
    A Daily big black candle has formed. This is a bearish candle as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trend line, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
    For the past 10 Daily candlestick bars as of 25/03/2013, there are 5 white candles versus 5 black candles.
    For the past 50 Daily candlestick bars as of 25/03/2013, there are 23 white candles versus 27 black candles with a net of 4 black candles.
    A Daily engulfing bearish line has formed (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend. It signifies that the momentum may be shifting from the bulls to the bears.
    If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with Euro Dollar / US Dollar), it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.
     

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  5. Brett113

    Brett113 New Member

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    i cant really tell. but you can ask some forex expert about it. i suggest you try forex strategy.
     
  6. vic84

    vic84 New Member

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    at the moment 1.3808 seems to be the perfect zone for resistance, hope it stays around here.
     
  7. platinumtraderfx

    platinumtraderfx New Member

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    What about current resistant levels? Can somebody help me to identfify them or just give a tip:brows:?
     
  8. vic84

    vic84 New Member

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    The pair has a very strong bullish sign at these level . Although there is some resistance but still there are more chances of its positive trend.
     
  9. sininfinity

    sininfinity Active Member

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    1.078x zone on EURUSD seems to be holding. I am expecting it will make an effort to reach 1.083x zone before it comes down again.
     
  10. Blossom

    Blossom New Member

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    Any one can find resistance level of any pair, it is so easy. There are so many strategy over internet to find resistance and support of any pair.
     
  11. sininfinity

    sininfinity Active Member

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    Had a look at hourly chart and it looks like price is moving within a range between 1.119xx to 1.123xx zone. In longer time frame it has another range. So in my view if price breaks then it will be downside. And if that happens then we may see EU going down as low as 1.115xx zone.
     
  12. Blossom

    Blossom New Member

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    Let see, if this happen or not.... I am new to market so can not comment if it will be or not. Thanks for the post and with description, i will try your help to see EU charts.
     
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