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victoriajensen
Nov 10 2014 at 16:21
1117 posts
Despite the significant pullback we saw after the drop last week, I think that the bears are in control again and the downward trend will continue with likely target 1.2200.

Abdul2012
Nov 10 2014 at 19:51
413 posts
I agree with you and will keep an eye on it. thank you.

sherifFares
Nov 10 2014 at 21:19
454 posts
I don't think the price will move much this week. today was a boring day with no significant entry points.

bewayopa
Nov 10 2014 at 21:38
372 posts
EUR / USD took off last Friday over the level of 1.2400.
This morning started in view of the resistance of 1.2535.
The outlook remains negative.
The level of momentum and RSI showed strength as the daily MACD remains below its zero line and signal.
There is a positive divergence between both oscillators and price action, which favors a correction.
R3 - 1.25722
R2 - 1.25406
R1 - 1.24816
Daily Pivot - 1.24500
S1 - 1.23910
S2 - 1.23594
S3 - 1.23004

peeterwoolf
Nov 10 2014 at 23:25
230 posts
sherifFares posted:
I don't think the price will move much this week. today was a boring day with no significant entry points.


I agree, fundamentally today is quiet, but the market still looking favorable for the bears.

csc2009
Nov 11 2014 at 00:07
834 posts
sherifFares posted:
I don't think the price will move much this week. today was a boring day with no significant entry points.


Let's see, today we have a light economic calendar day again.

takechance (takechance)
Nov 11 2014 at 03:54
271 posts
takechance posted:
In a downtrend the Eur is now approaching a crucial fibo level of 1.2490. Could be a good shorting opportunity with stop at 1.2580.


The short trade from 1.2490 nicely making some profits.......target can be at 1.2360 which we should see in a day or two.

honeill (honeill)
Nov 11 2014 at 07:39
1141 posts
Lower lows and lower highs are keeping the downtrend alive for the EURUSD, though larger swings on the hourly charts indicate momentum is slowing above 1.2360. We remain bearish on the pair though traditionally strong US stock performance has led to Euro gains, and with the stocks rallying this could put some pressure on USD bulls.

"I trade to make money not to be right."
Abdul2012
Nov 11 2014 at 10:03
413 posts
Very successful analysis, thank you.

victoriajensen
Nov 11 2014 at 11:29
1117 posts
The market seems relatively quiet today and EUR/USD is slowly crawling on its way down, although I think that for the moment that is just part of the correction. Once it breaks below the support at 1.2360 it will likely continue falling at least until it reaches 1.2200.

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