![MQL5 - Language of trade strategies built-in the MetaTrader 5 client terminal](https://c.mql5.com/i/registerlandings/logo-2.png)
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
The EUR/USD broke above the 1.0800 level today and rose to 1.0875 but the 1.0879 resistance level still tough on the pair.
Good that I didn't rush into opening a short positions and waited for the break under the support line. I didn't notice the double bottom on the 4 hour chart.
Germany industrial production Nov mm SA -0.3% vs +0.5% exp Latest German data now released
Trade Balance Nov EUR +20.6bln vs +20.2bln exp vs +22.3bln prev revised downfrom +22.5bln
A mixed bag but the overall improvement in imports/exports is welcome while the upward revisions for industrial production is tempering headline data for Nov
EURUSD still languishing near session lows at 1.0855 with support/demand at 1.0850 holding so far
The euro registered a successful session against the dollar on Thursday. The single currency justified the positive expectations and continued its bullish movement, which began on Wednesday. If the bulls keep their intensity, resistance at 1.1003 will be overcome soon. The session started at a price of 1.0779, as bull prevailed. Peak of the day was reached at 1.0939 and session closed with only 10 pips below.
On yesterday session the EURUSD rallied with a wide range and closed in the green near the high of the day, in addition managed to close above previous day high, suggesting a strong bullish momentum.
The pair closed above the 10 and 50-day moving average that is acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1052 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0870 (support), the 1.0819 (support) and the 50-day moving average at 1.0807 (support).
Next challenge for the EUR/USD will be breaking 1.0914, price might bounce from that level if not and closed over I will wait for entry point over the resistance level.
The EUR/USD dropped today to 1.0813 daily resistance level and now moving near the opening point around 1.0900, Is it a sign to testing the 1.1000 this month too?
EUR/USD forecast for the week of January 11, 2016 The EUR/USD pair fell significantly during the course of the week, even dropping below the 1.3 level. However, the weekly candle ended up being a hammer, so it suggests that the market is going to try to rally. We see a significant amount of resistance at the 1.1050 level above though, so having said that it’s not until we get above there that we are comfortable buying from a longer-term perspective. Given enough time, we believe that the market could break out, but between now and then we anticipate that there will be bullish pressure, but perhaps it will be easier to take advantage of it on shorter-term charts.
source
Interesting move, quite surprising.
EUR/USD Forecast Jan. 11-15 EUR/USD had a turbulent start to 2016, driven by sentiment more than anything else. What’s next? The ECB’s meeting minutes is the big event awaiting us. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.
It was a risk on / risk off week, with the euro enjoying the risk off sentiment, or gloomy mood, to rise against most currencies. It’s safe haven role was seen almost all the time, alongside the crash in Chinese and other stocks, the slide in oil and the various geopolitical scares. The one exception to the rule was when Inflation in the euro-zone fell short of expectations, risking more ECB action that could weaken the euro. In the US, the NFP report was excellent, but with the rate hike already behind us and the gloomy mood having control, it did little to cheer the dollar against the safe haven euro.
Updates:
read more