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alexforex007
Nov 09 2015 at 03:12
774 posts
Big drop on the EURUSD and more drops may continue during the upcoming week, but some pullbacks may show up on the way down.

honeill (honeill)
Nov 09 2015 at 09:10
1141 posts
On Friday session the EURUSD plunged with a wide range and closed well in the red near the low of the day.

The pair breached below a daily support signaling that the bears are in control and the price may continue the downward trend although we may see a pullback before another push downward.

The key levels to watch are the 1.0900 (Resistance), the 10-day moving average at 1.0898 (resistance) 1.0819 (support), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

"I trade to make money not to be right."
FXWES
Nov 09 2015 at 09:23
675 posts
Euro registered fifth negative against the dollar on Friday and thus the price reached six-month low. The single currency depreciated by 140 pips to 1.0743 after the good data on the labor market in the US dollar supported and strengthened speculation about raising interest rates in December. EUR/ USD found support at 1.0708, but the outlook remains negative. Possible correction of the downward trend in the short term may resume bears interest.

Tomas Rodriguez Doherty
tommy2308
Nov 09 2015 at 13:45
88 posts
Possible rate cut by ECB in December, that can drop the pair even lower this same week

csc2009
Nov 09 2015 at 15:25
834 posts
The likelihood of the Fed will raise interest rates in December is the main source of downside pressure on Eur/Usd. Break below 1.0706, would wide open the door to the next psychological level at 1.06.

victoriajensen
Nov 09 2015 at 18:11
1117 posts
For now we're seeing some retracement for EUR/USD which is normal after the incredible drop last week. The pair has currently found some resistance at 1.0780 but if it breaks above that level it will probably reach 1.0820.

Abdul2012
Nov 09 2015 at 18:53
413 posts
Lazy Monday for the EUR/USD today, I think that i will wait the US retail Sales this Friday.

sherifFares
Nov 09 2015 at 21:36
454 posts
Not much of movement on the EUR/USD today, after last week's drop it was expected.

alexforex007
Nov 10 2015 at 03:26
774 posts
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.

honeill (honeill)
Nov 10 2015 at 11:22
1141 posts
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).

"I trade to make money not to be right."
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