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FXWES
Feb 08 2016 at 07:43
675 posts
EUR/USD recorded a decline on Friday. The session started at 1.1206 and the euro lost 54 pips after the US NFP report proved weaker than expected. Daily extreme values were reached respectively at 1.1243 and 1.1109. If the downward trend continues, the euro will reach the support at 1.1100.

honeill (honeill)
Feb 08 2016 at 08:44
1141 posts
On the last Friday’s session the EURUSD tried to rally but found enough resistance at 1.1237 to reverse and closed in the red, near the low of the day, however managed to close within the previous day range, suggesting a weak bearish momentum.

The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.

The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0961 (support) and the 50-day moving average at 1.0909 (support).

"I trade to make money not to be right."
victoriajensen
Feb 08 2016 at 15:45
1117 posts
The pair reached the support at 1.1086, formed a hammer candlestick on the one-hour time frame and started moving to the upside again. It's currently testing the resistance at 1.1140 and a breakout above that level would mean that it will likely continue climbing towards 1.1180 - 1.1200.

HalleyFX
Feb 08 2016 at 16:49
83 posts
I don't know..

Let's see how the current Greek situation will be played

deresel
Feb 08 2016 at 18:00
708 posts
The pair started rising. The main fundamental factors remain to support the US dollar. The rise last week showed that the time for correction has come.

sherifFares
Feb 08 2016 at 18:25
454 posts
EUR/USD is stuck between support and resistance 1.100 - 1.1200 for the past 3 days.

Abdul2012
Feb 08 2016 at 19:24
413 posts
Yes Sherif and we stuck with it too, Hope the EUR/USD continue to climb to 1.1400 level this week.

csc2009
Feb 08 2016 at 23:41
834 posts
On the upside, the pair lack of strength to go above 1.1200 handle, and with limitation on the downside too Eur/Usd is still directionless.

FXWES
Feb 09 2016 at 08:44
675 posts
The single currency recorded an increase against the US dollar on Monday. After a volatile session, the euro added 51 pips at a closing price of 1.1192 points. The pair bounced from support at 1.1100 and headed up. If the upward trend continues, the pair will test the first resistance at 1.1286.

honeill (honeill)
Feb 09 2016 at 08:46
1141 posts
Yesterday the EURUSD initially fell but found enough support at 1.1097 to turn around and close near the high of the day, however closed within the previous day range, suggesting a weak bullish momentum.

The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.

The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 10-day moving average at 1.1045 (support), the 200-day moving average at 1.1026 (support), and the 50-day moving average at 1.0923 (support).

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