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Jul 15 2016 at 22:21
325 posts
EUR falling to below 1.1030 before recovering some, because of the coup in Turkey from 1.1070.

kingsanjose (kingsanjose)
Jul 16 2016 at 11:12
8 posts
After the news, I saw volatility level doubled for EURUSD and GBPUSD..
Special mention to GBDUSD.

The big question is... will the people respect the fundamental factors or take it as an opportunity to continue going long for both pairs.
For day traders who are shorting for the past days, if they close their short positions today + short term 15 minute chart momentum, there are chances the price will stablelize on the .1121 range

Just my opinion though. :)

Jul 17 2016 at 08:39
421 posts
On the next week there will be a meeting of the ECB. The banking crisis that Europe has faced, needs more attention from politicians rather than the monetary authorities. However, the last week, this problem did not thrilled the markets. Keep an eye on the levels of 1.1000 and 1.1200+ - the breakdown of one of them will give quotes movement, which the single currency didn't experienced since March (except for reaction to Brexit).

Jul 17 2016 at 09:41
708 posts
The euro was down against the US Dollar on Friday. At the close of trading session EUR/USD is traded at 1.1029, shedding by 0.83%. I believe that the support is now located at the level of 1.1014, Monday's low, and resistance is likely to be the level of 1.1166 - the maximum of Thursday.

arigoldman (arigoldman)
Jul 17 2016 at 10:23
907 posts
Bearish on the Euro.

Jul 18 2016 at 05:09
675 posts
The single currency marked a decrease on Friday and erased most of its weekly gains. The euro depreciated by 49 pips to a closing price of 1.1068. The pair continues to move in the range defined by the levels at 1.1185 and 1.1020, as negative attitudes prevail.

honeill (honeill)
Jul 18 2016 at 06:52
1141 posts
On the last Friday’s session the EURUSD initially rose but found enough selling pressure to give back to the market all its gains and closed in the red, near the low of the day and managed to close below Thursday’s range, suggesting a strong bearish momentum.

The pair managed to close below the 10 and 200-day moving averages that should now act as dynamic resistances and continues to trade below the 50-day moving average that is acting as dynamic resistance.

The key levels to watch are: The 50-day moving average at 1.1186 (resistance), the 200-day moving average at 1.1109 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1069 (resistance) and daily support 1.0900.

"I trade to make money not to be right."
kingsanjose (kingsanjose)
Jul 18 2016 at 06:59
8 posts
arigoldman posted:
Bearish on the Euro.

 I agree as of now. The volume is still low and the momentun on short term is still low as well.

Jul 18 2016 at 16:36
277 posts
The EUR/USD is trading flat in today's session due to lack of fresh news and events. Technically, the pair is consolidating around the 1.1050 level. Today's high is 1.1084 and the price is now 1.1076.

Jul 19 2016 at 00:06
834 posts
Slow Monday, the pair is still stuck within the range between 1.1000 and 1.1150 with increasing bearish potential, only break below 1.1000 level would confirm further downward movement.

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