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honeill (honeill)
Oct 13 2016 at 06:56
1141 posts
Yesterday the EURUSD fell again but this time with a narrow range and closed near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.

The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1159 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.

"I trade to make money not to be right."
FXWES
Oct 13 2016 at 07:33
675 posts
The single currency lost value for a third consecutive session on Wednesday. The pair continued depreciating and lost 47 pips to a closing price of 1.1005, which is a new two-month low. Next target of the bears is the key support located at 1.1000/1.0990.

victoriajensen
Oct 13 2016 at 11:59
1117 posts
csc2009 posted:
1.1000 level is critical, break below this psychological handle means further decline.


 It did break below that level but it bounced off 1.0980. We'll likely see it climb back to 1.1060 - 1.1070.

Forex Protect
ForexProtect
Oct 14 2016 at 06:24
183 posts
EUR/USD dips below 1.1000 psychological mark. Extending its downward trajectory for the fourth straight session, the EUR/USD pair has now dropped below 1.1000 psychological mark.Currently trading at nearly three-month low level of 1.0990, the pair came under renewed selling pressure as the greenback, as measured by the overall US Dollar Index, continues to gain traction after Wednesday's release of FOMC minutes reaffirmed market expectations of an eventual Fed rate hike move before the end of this year.With a relatively lighter economic docket, Thursday's downslide could be attributed to the prevalent bullish sentiment surrounding the greenback. Later during NA session, US weekly jobless claims data will be looked upon for short-term trading opportunities ahead of Friday's key release of monthly retail sales from the US.From technical perspective, weakness below 200-day SMA, and a subsequent break below 1.1125-20 horizontal support, had confirmed a break-down below a short-term descending triangular formation on daily chart and has eventually led to the pair's latest leg of downslide since the beginning of this week.From current levels, the downslide is likely to get extended towards 1.0970-60 horizontal support below which the pair might turn vulnerable to extend its depreciating move further towards Brexit swing lows support near 1.0910-1.0900 area. On the upside, recovery back above 1.1000 mark, leading a momentum above 1.1015 resistance, is likely to lift the pair beyond session high resistance near 1.1035 region towards its next resistance near 1.1050-55 region.

honeill (honeill)
Oct 14 2016 at 07:32
1141 posts
Yesterday the EURUSD initially fell but found enough support marginally above the 1.0970 to reverse and closed near the high of the day, however closed within the previous day range, which suggests being slightly on the bullish side of neutral.

The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1140 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.

"I trade to make money not to be right."
victoriajensen
Oct 14 2016 at 13:17
1117 posts
EUR/USD bounced off 1.1060 and it's currently testing 1.1000 again. Depending on the fundamentals today we can see a breakout and a move to the downside towards 1.0950.

arigoldman (arigoldman)
Oct 14 2016 at 15:45
907 posts
EUR/USD was lightly impacted by the positive US data earlier today and broke the psychological 1.10 level. Current market price: 1.0996. Main trend remains bearish.

FXWES
Oct 15 2016 at 20:11
675 posts
On Thursday the euro recovered from the losses during the last three sessions and emerged from the reached two-month low. The single currency added 50 pips to a closing price of 1.1055 after trading within 1.1057 and 1.0985. The pair is moving under the downward sloping moving averages, but RSI is no longer around extreme levels. Correction to 1.1105 should resume the downward direction.

idimitrov
Oct 16 2016 at 06:13
421 posts
The euro was down against the US Dollar on Friday. By the close of the Asian session, EUR/USD was trading at 1.1023, shedding 0.32%. I believe that the support is now located at the level of 1.0982, the low of Thursday, and resistance is at the level of 1.1202 - Monday's high.

arigoldman (arigoldman)
Oct 16 2016 at 14:16
907 posts
Bearish on the pair.

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