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victoriajensen
Oct 18 2016 at 14:05
1117 posts
The pair tested the resistance at 1.1020, formed a pair of doji candlesticks on the four-hour time-frame and bounced off that level. It's currently testing the support at 1.0980 but it will likely continue falling.

FXWES
Oct 18 2016 at 14:57
675 posts
EUR/USD was seen today back above 1.1000 level as the US dollar cheered up on the excellent CPI numbers. The pair climbed to 1.1015, but lost strength to push higher.

honeill (honeill)
Oct 19 2016 at 06:54
1141 posts
Yesterday the EURUSD tried to rallied but found enough selling pressure to quickly reverse and closed near the low of the day, however closed within the previous day range, which suggests being slightly on the bearish 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 1.1055 (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."
rosentray
Oct 19 2016 at 08:38
277 posts
EUR/USD is trading relatively unchanged since yesterday's calm levels around 1.10. The pair is now slightly below at 1.0995 and it seems to be consolidating ahead of market news and reports that will create volatility. Main trend remains bearish, expectations are in favor of the US dollar.

victoriajensen
Oct 19 2016 at 14:12
1117 posts
I agree, EUR/USD remains slightly bearish and is still testing the support at 1.0960 - 1.0950. I doubt there will be a breakout before the fundamentals tomorrow.

FXWES
Oct 20 2016 at 06:25
675 posts
Today the EUR/USD pair hit new fresh daily low at 1.0960, then bounced and currenlty is staying within its daily range. This level is acting now as immediate support.

honeill (honeill)
Oct 20 2016 at 06:48
1141 posts
Yesterday the EURUSD went back and forward without any clear direction but closed in the red, in the middle of the daily range, furthermore closed within the previous day range, which suggests being clearly neutral, neither side is showing control.

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 1.1033 (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 20 2016 at 06:54
675 posts
EUR/USD remained close to unchanged during yesterday’s session and closed just 7 pips lower at 1.0972. The pair is moving under the moving averages while RSI in neutral area. Next target is 1.0980 level.

deresel
Oct 20 2016 at 08:41
708 posts
The euro/dollar is still under pressure. Starting Wednesday near a strong psychological level of 1.1000, the pair attempted to break it in the morning. But at the end of trading in Europe, the euro quoted again downwards and at the beginning of the New York trading session reached the next support 1.0950.
Prior to the announcement of the Central Bank decision on interest rates currency pair is likely to remain between the levels of 1.0950 and 1.1000. Further dynamics of the tool depends on Draghi's statements. If the controller hints for renewal of QE program after March 2017, when the single European currency may come under a wave of selling. In this case, the price will rush down and reach 1.0900. Below Target of the sellers will be the levels 1.0850 and 1.0800.
In the case of growth, the euro/dollar will return to the level of 1.1000. Objectives of the buyers are 1.1060 and 1.1100.

idimitrov
Oct 20 2016 at 12:05
421 posts
The euro was down against the US Dollar on Wednesday. By the closing of US trading EUR/USD was trading at 1.0974, shedding 0.05%. I believe that the support is now located at the level of 1.0955, the low of today's trading, and resistance is likely at the level of 1.1062 - Friday's high.

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