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csc2009
May 17 2016 at 22:31
834 posts
The pair is back to its cave again after a little push up, just holding above the support level at 1.13, prepare for FOMC minutes tomorrow.

FXWES
May 18 2016 at 06:16
675 posts
EUR/USD didn’t move significantly on Tuesday and continued trading at familiar levels for the second consecutive day. The euro depreciated softly to 1.1311 and reached extremes at 1.1348 and 1.1301. Fed minutes failed to support the US dollar. Bears remain in the leading position, which will be reinforced by break of 1.1280.

honeill (honeill)
May 18 2016 at 08:40
1141 posts
Yesterday EURUSD initially rose but found enough selling pressure again at the 50-day moving average to give back all of its gains and closed in the red, near the low of the day, but managed to close within the previous day range, suggesting being slightly on the bearish side of neutral.

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

The key levels to watch are: Daily resistance at 1.1459, the 10-day moving average at 1.1358(resistance), the 50-day moving average at 1.1333 (resistance), a daily support at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.

"I trade to make money not to be right."
victoriajensen
May 18 2016 at 16:24
1117 posts
EUR/USD broke below 1.1280 but right now everyone are waiting for the FOMC meeting minutes announcement. The news will likely push the pair to 1.1200 again.

csc2009
May 18 2016 at 23:07
834 posts
Next psychological support level can be found at 1.1200 after the pair broke below 1.1250 zone, bearish trend is likely to continue when the pair break below 1.1200 handle.

FXWES
May 19 2016 at 07:16
675 posts
On Wednesday session the euro recorded its worst performance against the dollar since mid-April after Fed minutes hinted for a rate hike next month. The single currency plummeted and closed at levels of daily low at 1.1215. Negative mood is still actual, but the relative strength index hints overselling. Eventual correction could bring bears back.

honeill (honeill)
May 19 2016 at 08:09
1141 posts
Yesterday EURUSD fell sharply with a wide range after the FOMC minutes and closed near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.

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

The key levels to watch are: The 50-day moving average at 1.1333 (resistance), the 10-day moving average at 1.1339 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.

"I trade to make money not to be right."
rosentray
May 19 2016 at 11:57
277 posts
EUR/USD is trading lower today after the release of the FOMC Minutes. Traders and investors boosted the US dollar, continuing the short-term bearish trend. Current market price 1.1200.

victoriajensen
May 19 2016 at 15:27
1117 posts
After the fundamentals yesterday EUR/USD broke below 1.1200 today although it's currently retracing. That said, the move to the downside will likely continue.

deresel
May 19 2016 at 16:50
708 posts
On Thursday, the dollar is stable to seven-week highs against other major currencies, as the US currency had a significant support to the renewed expectations of an increase of the base rate in the US in June. The EUR/USD is almost unchanged at 1.1217, the low of March.

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