forex technical analysis: eurusd defines 100 pip range
TRANSCRIPT
7/21/2019 Forex Technical Analysis: EURUSD Defines 100 Pip Range
http://slidepdf.com/reader/full/forex-technical-analysis-eurusd-defines-100-pip-range 1/6
Author: Greg Michalowski (/About#team) | Category: ! Technical Analysis (//technical-analysis.forexlive.com)
Forex technical analysis: EURUSD defines 100 pip range5hrs ago " Tue 17 Mar 2015 16:59:01 GMT
Market takes liberty at the bottom and top todayMarket takes liberty at the bottom and top today
The EURUSD low today extended below a support level at the 1.0560 level by 10 pips (low
came in at 1.0550). The 1.0560 level represents the swing low from April 2003. The price
has used the level as a floor and ceiling over the last few days of trading.
(//az705044.vo.msecnd.net/20150317/2015-03-17_12-48-05.png)
On the topside, the 1.0634 – 44 has a number of highs also over the last few days of
trading. The high today extended to a high of 1.0650 - just above that extreme.
So traders took a little liberty at the top and at the bottom in trading today. In the process,
a range of 100 pips has been established and the price currently trades near the center of
that range (at 1.0600).
Outside that range, is the 1.0500 level below and on the topside, the 200 hour MA (green
line in the chart above) at the 1.0708 currently (and moving lower). By tomorrow's FOMC,
that MA will be lower by about 25 pips given the current decay from the slope of the line
(around 1.0685 area). The price has not moved traded above the 200 hour MA since
February 26th.
Barring a surprise move between now and the FOMC, the 100 pips inside levels, and the
7/21/2019 Forex Technical Analysis: EURUSD Defines 100 Pip Range
http://slidepdf.com/reader/full/forex-technical-analysis-eurusd-defines-100-pip-range 2/6
1.0500 level below, and 1.0685 level above (200 hour MA), will be the targets on a
decision.
If the Fed strikes "patience", that should have the pair looking toward a break of the 1.0500
level. If they keep "patience" in, they I will be looking for a break of the 200 hour MA to lead
to further corrective momentum.
My lean is that the Fed strikes patience from the language and chooses to ignore the
negative from the weather. That should keep the dollar supported. Risk is elevated.
# Don't miss...UK Budget Preview (2) - Of budgets and balance.The gospel according to Lilac (//news.forexlive.com/!/uk-budget-preview-2---of-budgets-and-balancethe-gospel-according-to-lilac-20150317)
UK Budget Preview - Our guest economist highlights a key area that George would rather we overlooked(//news.forexlive.com/!/uk-budget-preview---our-guest-economist-highlights-the-key-areas-20150316)
Guest Trader - Be patient with EURUSD over the FOMC (//education.forexlive.com/!/guest-trader---be-patient-with-eurusd-over-the-fomc-20150317)
$ Trading Session Wraps (//www.forexlive.com/SessionWraps)
% Forex Orders ... More& (//orders.forexlive.com)
EURJPY orders 17 March (//orders.forexlive.com/!/eurjpy-orders-17-march-20150317)
AUDUSD orders 17 March (//orders.forexlive.com/!/audusd-orders-17-march-20150317)
EURGBP - Pausing for breath or a step too far already ? (//orders.forexlive.com/!/eurgbp---pausing-for-
LON GMT " 21:54:21 BJ HK+8 " 5:54:21
NY EST-4 " 17:54:21 TYO +9 " 6:54:21
7/21/2019 Forex Technical Analysis: EURUSD Defines 100 Pip Range
http://slidepdf.com/reader/full/forex-technical-analysis-eurusd-defines-100-pip-range 3/6
rea -or-a-s ep- oo- ar-a rea y-
Cable on a blink-and-you-miss-it mission (//orders.forexlive.com/!/cable-on-a-blink-and-you-miss-it-mission-20150317)
More from the orderboards 17 March (//orders.forexlive.com/!/more-from-the-orderboards-17-march-20150317)
' Central Banks ... More& (//news.forexlive.com/CentralBanks/)
More from Kuroda: BOJ remains committed to achieving price target in earliest time possible
(//news.forexlive.com/!/kuroda-20150317)Kuroda says there is still a high chance of meeting inflation target period around FY2015(//news.forexlive.com/!/kuroda-00-20150317)
A heads up for Draghi speaking at 18.45 gmt (//news.forexlive.com/!/a-heads-up-for-draghi-speaking-at-1845-gmt-20150316)
Kuroda sees no problem with liquidity in JGB market (//news.forexlive.com/!/kuroda-sees-no-problem-with-liquidity-in-jgb-market-20150317)
ECB's Praet: Eurozone is in a cyclical not structural recovery (//news.forexlive.com/!/ecbs-praet-eurozone-is-in-a-cyclical-not-structural-recovery-20150317)
! Technical Analysis ... More& (//technical-analysis.forexlive.com)
Forex technical anal sis: EURGBP breaks hi her but stalls at to side resistance //technical-
7/21/2019 Forex Technical Analysis: EURUSD Defines 100 Pip Range
http://slidepdf.com/reader/full/forex-technical-analysis-eurusd-defines-100-pip-range 4/6
analysis.forexlive.com/!/forex-technical-analysis-eurgbp-breaks-higher-but-stalls-at-topside-resistance-20150317)
The strongest and weakest currencies for March 17, 2015 (//technical-analysis.forexlive.com/!/the-strongest-and-weakest-currencies-for-march-17-2015-20150317)
Forex technical analysis: AUDUSD ignoring technicals (sort of) (//technical-analysis.forexlive.com/!/forex-technical-analysis-audusd-ignoring-technicals-sort-of-20150317)
Forex technical analysis: EURUSD defines 100 pip range (//technical-analysis.forexlive.com/!/forex-technical-analysis-eurusd-defines-100-pip-range-20150317)
WTI oil peering into the hole as it falls below 43.50 (//technical-analysis.forexlive.com/!/wti-crude-oil-technical-analysis-20150317)
bout Us
l the biggest trading floors in the world have screens locked on ForexLive™. We provide real-time forex news
nd analysis at the highest level while making it accessible for less-experienced traders.
7/21/2019 Forex Technical Analysis: EURUSD Defines 100 Pip Range
http://slidepdf.com/reader/full/forex-technical-analysis-eurusd-defines-100-pip-range 5/6
GH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss
posure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some
all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and
ek advice from an independent financial or tax advisor if you have any questions.
DVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational
rvice to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects
e advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual
alysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no
arantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors,
oggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or
& Take the Tour Take the Tour (/About)(/About)
(http://facebook.com/forexlive)(http://facebook.com/forexlive)
(https://plus.google.com/+Forexlive/)(https://plus.google.com/+Forexlive/)
(http://twitter.com/forexlive)(http://twitter.com/forexlive)
(https://www.linkedin.com/company/forexlive-(https://www.linkedin.com/company/forexlive-
com)com)
(https://www.youtube.com/user/ForexLiveAnalysis)(https://www.youtube.com/user/ForexLiveAnalysis)
(//www.forexlive.com/feed)(//www.forexlive.com/feed)
ay Connected
onnect with forexlive via:
ooking for an RSS feed?
()
(*
(+
(,
(-
(.emier forex trading news site
ounded in 2008, ForexLive.com is the premier forex trading news site offering interesting commentary,
pinion and analysis for true FX trading professionals. Get the latest breaking foreign exchange trade news
nd current updates from active traders daily. ForexLive.com blog posts feature leading edge technical
nalysis charting tips, forex analysis, and currency pair trading tutorials. Find out how to take advantage of
wings in global foreign exchange markets and see our real-time forex news analysis and reactions to central
ank news, economic indicators and world events.
5 - Live Analytics Inc
7/21/2019 Forex Technical Analysis: EURUSD Defines 100 Pip Range
http://slidepdf.com/reader/full/forex-technical-analysis-eurusd-defines-100-pip-range 6/6
her information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™
pressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such
ormation. As with all such advisory services, past results are never a guarantee of future results.