To use chat, please login.
Back to contacts
Abdul2012
Feb 23 2016 at 20:03
413 posts
Abdul2012 posted:
That was impressive drop for the EUR/USD today and the support level at 1.1005 is under pressure of the strong US dollar, Breaking below will drive the the pair to the 1.0990 level.


The resistance at 1.0990 tested today as i was expecting yesterday but the EUR/USD couldn't break below so it is good opportunity to go short.

sherifFares
Feb 23 2016 at 21:25
454 posts
EUR/USd attempted to test the support level and failed to break under, still waiting for a rebound sign or a break of the support.

alexforex007
Feb 24 2016 at 00:08
774 posts
Good drop on the EURUSD, the pair remains weak, but it may also be time for a correction, lets see how it keeps going.

stian
Feb 24 2016 at 07:21
325 posts
FXWES
Feb 24 2016 at 09:01
675 posts
The single currency lost ground against the dollar for a second day after trading in a relatively narrow range. The daily limit values were reached respectively at 1.1052 and 1.0989, as the euro depreciated by 9 pips to a closing price of 1.1018. Thus, the pair marked a decline of 2.8% over the last eight sessions. Technical outlook remains negative, downward crossing of the moving averages will contribute to the bearish sentiment. Main target downwards remain 1.0960.

honeill (honeill)
Feb 24 2016 at 09:11
1141 posts
Yesterday the EURUSD went back and forward with a narrow range and closed in the middle of the daily range, however managed to close within the previous day range, suggesting lack of momentum.

The pair is trading below the 10 and the 200-day moving averages that are acting as dynamic resistances however is still trading above the 50-day moving average that are acting as dynamic support.

The key levels to watch are: The previous swing high at 1.1376, a daily resistance at 1.1237, the 10-day moving average at 1.1106 (resistance), a daily resistance at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0982 (support) and a daily support at 1.0900.

"I trade to make money not to be right."
rosentray
Feb 24 2016 at 13:30
277 posts
The EUR/USD might attempt to reach 1.09 this week. Important news later today!

sherifFares
Feb 24 2016 at 17:40
454 posts
A second day the EUR/USD is trading around open price which proves that the support level remains and the market is uncertain, EUR/USD failed to break under the support levels and rebounded to sustain over 1.1000, most probably we will see a rebound from this levels second option if price succeeded to stay under support line will be a good opportunity for going short.

Abdul2012
Feb 24 2016 at 19:10
413 posts
sherifFares posted:
A second day the EUR/USD is trading around open price which proves that the support level remains and the market is uncertain, EUR/USD failed to break under the support levels and rebounded to sustain over 1.1000, most probably we will see a rebound from this levels second option if price succeeded to stay under support line will be a good opportunity for going short.

I agree with you on that, Let us see what will be the next move for the EUR/USD till the end of this week.

victoriajensen
Feb 24 2016 at 19:51
1117 posts
That break below 1.1000 proved to be false unfortunately and we'll probably have to wait for the fundamentals later this week to push the pair below that level if they do at all.

Please login to comment .