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arigoldman (arigoldman)
Dec 06 2015 at 12:56
907 posts
Interesting month already.

FXWES
Dec 07 2015 at 07:59
675 posts
On Friday session the single currency recorded a slight decline against the dollar on Friday and lost 63 pips. The session started at a price of 1.0937. The data on unemployment in US for November was crucial. The price bounced back, but at the end of the session the pair ended in red at a price of 1.0874.

Devhuti
Dec 07 2015 at 08:03
94 posts
The EURUSD had a bullish momentum last week topped at 1.0980 but closed a little bit lower at 1.0876. The bias is neutral in nearest term but as you can see on my H1 chart below we have a bullish flag formation suggests a bullish scenario especially if price able to break break above the flag and 1.0925/50 resistance targeting 1.1050. My major technical outlook remains neutral but as long as stays above 1.0800 I prefer a bullish intraday scenario at this phase.

honeill (honeill)
Dec 07 2015 at 10:41
1141 posts
On Friday session the EURUSD initially rose but found enough resistance above the 50-day moving average to turn around and closed in the red near, in the middle of the daily range also closing within previous day range, suggesting that the pair turn into a consolidation mode and maybe topped out.

The 50-day moving average is pushing the currency down acting as a strong resistance.

The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1078 (resistance), the 50-day moving average at 1.0931 (resistance), 1.0900 (resistance) and 1.0819 (support).

"I trade to make money not to be right."
csc2009
Dec 07 2015 at 13:47
834 posts
Downside correction continues, the pair is slowly approaching 1.0800 level. However Eur/Usd can still swing both sides, on the upside Eur/Usd could re-test 1.0900 resistance level.

rob559
Dec 07 2015 at 15:50
1916 posts
normally the pair should be on its way to around 1.16 or .18, the reversal is already starded,i mean on the long run ,there will be several stations until there,just hit the .68 retracement,next target 1.1113 once it passed 1.09

sherifFares
Dec 07 2015 at 16:39
454 posts
csc2009 posted:
Downside correction continues, the pair is slowly approaching 1.0800 level. However Eur/Usd can still swing both sides, on the upside Eur/Usd could re-test 1.0900 resistance level.


I completely Agree with you after the spike the movement will be slow, I will wait for confirmation to break 1.0800 before opening a position.

victoriajensen
Dec 07 2015 at 17:13
1117 posts
The pair formed a doji candlestick on the four-hour time-frame above the support at 1.0800, so we might see another move to the upside towards 1.0900.

Abdul2012
Dec 07 2015 at 19:09
413 posts
victoriajensen posted:
 The pair formed a doji candlestick on the four-hour time-frame above the support at 1.0800, so we might see another move to the upside towards 1.0900.


Good to know that, I will keep an eye on it, thank you.

Spackelspade (Spackelspade)
Dec 07 2015 at 21:43
53 posts
I havent seen this befor USDSEK


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