Topic: Rosen's Daily

The EUR/USD is trading below support in today's hours of the European session. Price reached 1.0879 as today's low so far and is now currently trading at 1.0890. With the US economy gaining strength, the momentum of the positive news on Friday is still being felt.

Technically speaking, we can expect 1.0840 to act as a first support due to prior pivot point being met. If this level is wiped, second support level is seen at 1.08 as a psychological support.

Major resistance that bulls have to take out is the level of 1.1050 which is the 200SMA and the lower trend line on the long-term ascending channel.

Re: Rosen's Daily

The EUR/USD is trading lower in today's trading session due to technical and fundamentals combined. Technically speaking, price is trading below the 200SMA for a fifth consecutive day. Also, price is now outside the long-term bullish channel, which makes it vulnerable to bear attack.

First level of support 1.08, first level of resistance 1.0970.

Re: Rosen's Daily

The EUR/USD is trading in the long-term downward channel, which makes it vulnerable to bear attacks. First level of support 1.08, first level of resistance 1.0960. Only a break and a close above the 200SMA would invalidate the depreciation of the Euro.

Re: Rosen's Daily

The bear rally in the EUR/USD seems to have dried up as we can see less volume in the last few days. This could mean a change in trend. If price manages to climb above 1.1050 and close above we have a strong confirmation that a bull trend is forming.

Re: Rosen's Daily

The EUR/USD is trading higher due to the latest NFP's. The pair reached 1.1043 and hit right at the 200SMA. Price retraced and is now trading around the 1.10 level. Key resistance remains the 200SMA at 1.1050 while first support is 1.0975.

Re: Rosen's Daily

I have a reason to believe that the EUR/USD is ready for take off. The price has been trading slightly above long-term downward channel and is currently creating a new upward channel. Should we get another attempt to break the 200SMA, we might see the EUR/USD climbing above 1.11.

Re: Rosen's Daily

EUR/USD reached 1.1057, 15 pips above the 200SMA but due to heavy bearish pressure, it retraced back below the Moving Average and is currenctly trading around the 1.10-1.1015 level.

The pair reached resistance twice in the last three days, indicating that the Euro might attempt a bull run. Pay attention to news this week and watch 1.1045.

Re: Rosen's Daily

EUR/USD is trading lower today, due to major resistance in the face of the 200SMA. Main direction remains bullish, but you should have in mind that tomorrow news are scheduled for tomorrow:

- European Central Bank Rate Decision 12:45GMT
- ECB Deposit Facility Rate 12:45GMT
- ECB Marginal Lending Facility 12:45GMT
- ECB Press Conference 13:30GMT

Re: Rosen's Daily

The EUR/USD reached as high as 1.1036 in yesterdays session, but couldn't keep up with the gains and retraced back below 1.10 to currently trade at 1.0962.

Price is going to trade in current range until the news today come out and the press conference takes place as traders and investors are waiting for fresh news later today.

Re: Rosen's Daily

The EUR/USD is trading higher since yesterday's press conference. The pair reacted sharply bearish in the initial moments and reached 1.0820. However, the Euro decided it's time to break the resistance and pierced through the 200SMA at 1.1045 reaching as high as 1.1218.

Currently a modest decline is taking place and the EUR/USD is trading at 1.1120. Strong support at 1.1080. Major target for bulls 1.1400.

Re: Rosen's Daily

The EUR/USD lost a bit from what was gained during the last two days of the previous week. Nevertheless, the pair is now trading in the uptrend channel and looks ready to test the first support at 1.1080. If this support holds, then the pair might attempt to test first resistance which appears to be the last high of 1.1220.

Re: Rosen's Daily

Gold is trading higher in today's session with a close on Friday of $1.250.Currently price is $1,255 and main trend remain bearish in the short-term with first level of support at $1,242.

Re: Rosen's Daily

GBP/USD reached 1.4435, high for the last week, and is currently trading at around 1.4360. Main trend remains bullish with first bull target at 1.4440. First support level is seen at 1.4300.

Re: Rosen's Daily

The USD/CAD is trading at major support zone. Currently price is 1.3251. Low is 1.3167 just pips above the major trendline. If this level holds, bulls may attempt to test the zone around 1.33.

Re: Rosen's Daily

The EUR/USD is trading lower today due to technicals and fundamentals combined. Main trend remains bullish, but a correction is currently taking place and driving price down below 1.11. First support 1.1060. First resistance 1.1135.

Re: Rosen's Daily

Gold is currently consolidating around the $1,230 level. Below $1220 we might witness an attempt for $1,200. Above $1,238 we are headed towards first resistance at $1,255.

Re: Rosen's Daily

GBP/USD lost a lot and is currently consolidating. I hope it findс support and bounce off from here.

Re: Rosen's Daily

Silver is close to visiting the $15 level. This would be a good time to enter the market and hold it for the long-term. First resistance is 15.35, first support is 15.00.

Re: Rosen's Daily

The EUR/USD rose to a new highs amid dovish tone by the FED. The pair is currently trading at 1.1330 with a high of 1.1342. First strong resistance is seen at 1.1410, while first strong support is seen at 1.1150.

Re: Rosen's Daily

The USD/CAD is trading at 1.30 thus marking a stable support zone. Below that we might witness a drop to 1.29. If bulls manage to keep prices up, then first target is 1.3070 and getting back into the trading channel.

Re: Rosen's Daily

Gold made a head and shoulders pattern on the H1 chart. Currently price is $1,1245 and Gold bears are ready to take it down to $,1225 and below. First resistance $1,255 has to be taken out in order for the precious metal to return to the short-term bullish channel.

Re: Rosen's Daily

The EUR/USD reached 1.1188 due to the blasts at Brussels airport and metro. The euro is still feeling the impact of the event as Europe is trying to stand strong and continue normal everyday life. My prayers and support is with the people of Belgium.

Re: Rosen's Daily

The EUR/USD is trading lower today going as low as 1.1180. Main trend remains bearish, a consolidation around this level might be expected due to lack of fresh news to stir the market.

Re: Rosen's Daily

The EUR/USD is trading at support around the level of 1.1160. This is best seen on the daily chart. Price will either try to bounce off this level or break it and reach 1.1100. This week no major news are expected so we could see calm markets today and tomorrow.

Re: Rosen's Daily

The EUR/USD is trading in consolidation due to lack of fresh news. With holiday time today, the low volatility is driving away market participants to something more beneficial. Bulls need to push prices above 1.1180 as bears will try to bring them down to 1.1080.