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Oct 23 2015 at 07:52
675 posts
The single currency recorded its worst performance against the dollar since January, losing over two figures during yesterday's session to a closing price of 1.1107. The pair traded at levels of one-month low at 1.1100, while the highest point was reached at 1.1350. The ECB left its monetary policy unchanged yesterday, but Draghi’s intention to continue with incentives later in the year dragged the euro. The price went below average values, while the index of relative strength hints oversold market. Confirmed break of 1.1080 will enable further decline.

honeill (honeill)
Oct 23 2015 at 08:19
1141 posts
Yesterday the EURUSD plunged 233 pips after the ECB Monetary policy statement and press conference. The pair made with a wide range day and closes in the red near the low of the day a few pips away of the 200-day moving average.

After yesterday strong downward move, today we may expect a small pullback.

The key levels to watch are 1.1237 (Resistance), the 200-day moving average at 1.1075 (support) and 1.0900 (support).

"I trade to make money not to be right." |
Oct 23 2015 at 16:27
834 posts
According to Goldman Sachs, the Euro could finish the year at 1.0500 if the ECB makes good on its promise of more QE on December.

Oct 23 2015 at 16:36
834 posts
Eur/Usd continued its declines towards to the key support level 1.1000, further below 1.1000 would extend the pair bearish momentum.

Oct 23 2015 at 17:16
1117 posts
The pair will most likely reach 1.0900 and perhaps even break below that level, but the end of the correction and the continuation of the bearish trend will be confirmed after it breaks below 1.0460.

Oct 23 2015 at 17:46
454 posts
EUR/USD is testing 2 months low support level 1.100 next level will be 1.0800

Oct 23 2015 at 18:26
413 posts
Another bad day for the Euro against the US dollar, 1.1000 tested but stay hard on the pair. Breaking below it will confirm more decline.

Oct 23 2015 at 22:37
92 posts
Wow! What a turnaround on the eur/usd. The question is, is the usd currency that much ahead of the euro in value?. At the moment it seems like that. Next week can be to be a totally different story when it comes to the eur/usd. As traders we have to be prepared that it can change very quickly. Protecting our self with good trading ethics and basics rmm strategies is a good choice at the moment. I read some very good info on this site about protection the trading account, can be googled with RMM Robot and valuable information will be available.

" Lock in the profit and minimize the draw down "
ALjazzar (ALjazzar)
Oct 25 2015 at 07:27
2 posts
Eurousd for sleeping Now :)

arigoldman (arigoldman)
Oct 25 2015 at 07:49
907 posts
It hit support zone.

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