EUR/USD
Member Since Oct 11, 2013
775 posts
Nov 10, 2015 at 03:26
Consolidation for now on the EURUSD, the pair is still in a bearish trend, a visit to the 1.0700 level is possible, but the 1.0800 may act as resistance.
Member Since Apr 08, 2014
1141 posts
Nov 10, 2015 at 11:22
Yesterday the EURUSD initially rose but found enough selling pressure to give some of its gains back to the market and closed in the green in the middle of the daily range.
Yesterday the pair made an inside day due to its narrow range providing a clue that is entering in consolidation mode.
The key levels to watch are the 1.0900 (Resistance), the 10-day moving average at 1.0873 (resistance) 1.0819 (support), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).
Yesterday the pair made an inside day due to its narrow range providing a clue that is entering in consolidation mode.
The key levels to watch are the 1.0900 (Resistance), the 10-day moving average at 1.0873 (resistance) 1.0819 (support), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Nov 10, 2015 at 18:28
(edited Nov 10, 2015 at 18:37)
It's retracing now because there's a very strong support visible on the weekly time-frame, but once the retracement ends EUR/USD will likely fall towards 1.0600. With the bearish trend still valid, it will probably fall lower than that - towards 1.0520.
Member Since Jun 08, 2014
454 posts
Nov 10, 2015 at 18:31
I dont see still an opening for a position for EUR/USD, the pair is trading in tight range after friday's spike and yet no signal on the daily or 4 hour chart for entry point.
Member Since Sep 12, 2015
1948 posts
Nov 11, 2015 at 07:52
Some nice bullish behaviour ,might close the 10760 gap ,up 10% so far.
"They mistook leverage with genius".
Member Since Sep 12, 2015
1948 posts
Nov 11, 2015 at 07:53
Abdul2012 posted:
The EUR/USD recorded new low at 1.0675 after 7 months, the trend strongly down as i see no thing positive in the eurozone to pull the pair up again.
1.0680 was a major point guys,plus we sometimes get a switch around after the European close
"They mistook leverage with genius".
forex_trader_137597
Member Since Jul 04, 2013
88 posts
Nov 11, 2015 at 08:36
Draghi today could be a 'no-news' , but he could confirm a further than 1.0680 bearish trend or give us a surprise and make it bullish. Any way, he is always good news for volatility
Member Since Apr 08, 2014
1141 posts
Nov 11, 2015 at 09:38
Yesterday the EURUSD fell but found enough buying pressure to trim some of the losses and closed in the red in the middle of the daily range.
Yesterday the pair breach below a Fibonacci extension at 1.0703 but without any follow thru suggesting a continuation of the consolidation mode.
The key levels to watch are the 1.0900 (Resistance), the 10-day moving average at 1.0843 (resistance) 1.0819 (support), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).
Yesterday the pair breach below a Fibonacci extension at 1.0703 but without any follow thru suggesting a continuation of the consolidation mode.
The key levels to watch are the 1.0900 (Resistance), the 10-day moving average at 1.0843 (resistance) 1.0819 (support), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).
"I trade to make money not to be right."
Nov 11, 2015 at 09:42
The single currency resumed the downward direction on Tuesday and lost 27 pips against the dollar to a closing price of 1.0723. The pair recorded nearly seven-month bottom during the session at 1.0675, while the highest point was reached at 1.0763. The graphics continues to develop under downward moving averages and the relative strength index remains in favor of the bears. A break of yesterday's bottom will create a possibility for an extended downturn.
Member Since Jul 10, 2014
1117 posts
Nov 11, 2015 at 11:33
EUR/USD formed a shooting star and a hammer candlestick at the resistance at 1.0765 on the four-hour time frame and started moving to the downside. I think the pair will continue falling and will eventually test the support at 1.0670 again.
Member Since Sep 28, 2015
34 posts
Nov 11, 2015 at 14:22
victoriajensen posted:
EUR/USD formed a shooting star and a hammer candlestick at the resistance at 1.0765 on the four-hour time frame and started moving to the downside. I think the pair will continue falling and will eventually test the support at 1.0670 again.
Think it also going down further but will know after Yellen's speech tomorrow
Member Since Jun 08, 2014
454 posts
Nov 11, 2015 at 19:14
Until now the overall movement of the EUR/USD for the week is less than 10 pips from last weeks close price.
Member Since Oct 11, 2013
775 posts
Nov 12, 2015 at 01:24
Waiting on the EURUSD to take a clear direction, even though so far the trend is still bearish. Just being patient.
Nov 12, 2015 at 08:08
The single currency recorded a moderate growth against the dollar on Wednesday and was trading at a price of 1.0740 at the end of the session. The daily extremes were reached respectively at 1.0773 and 1.0705. Attitudes remain negative, but a break of levels at 1.0655 will confirm the dominance of the bears.
