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deresel
Nov 10 2016 at 07:08
708 posts
On Wednesday, the dollar strengthend growth relative to other currencies as the US currency recovered from losses incurred on the background of the shocking news of the victory of Donald Trump in the presidential elections in the United States. The EUR/USD is now trading at 1.0939, down by 0.83%, falling from a two-month high at 1.1300.

honeill (honeill)
Nov 10 2016 at 07:49
1141 posts
Yesterday the EURUSD tried to rally but found enough resistance at 50% Fibonacci retracement to reverse and closed near the low of the day, in addition the pair managed to close below previous day low, which suggests a strong bearish momentum.

The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.

The key levels to watch are: Daily resistance at 1.1097, the 50-day moving average at 1.1090 (resistance), the 10-day moving average at 1.1041 (resistance), a daily support at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).

"I trade to make money not to be right."
victoriajensen
Nov 10 2016 at 10:31
1117 posts
EUR/USD continued moving to the downside and today it broke below 1.0900. The pair will likely continue dropping and its next target is probably at 1.0850, which is the previous low.

snapdragon1970 (snapdragon1970)
Nov 10 2016 at 12:19
1944 posts
Its moving in a 500 point range waiting to break out ,looks like to the downside.

"They mistook leverage with genius".
RichardBills (RichardBills)
Nov 10 2016 at 15:50
74 posts
EURUSD broke the 1.098 support level and is heading further down. I expect this to change and the price to bounce back up to 1.1050 by the end of the week.

rosentray
Nov 10 2016 at 18:22
277 posts
EUR/USD kept depreciating today after yesterday's Election took the price below 1.10. The pair is now trading at 1.0894 as the USD is getting stronger by the day.

FXWES
Nov 11 2016 at 06:13
675 posts
The single currency recorded a modest decline against the US dollar on Thursday. The pair lost 19 pips to closing price of 1.0890. In the short-term the outlook remains bearsih, as the pair extends its decline below the moving averages. Technical indicator are showing oversold conditions. Support is seen at 1.0815 and resistance is placed at 1.0980 next at 1.1160.

honeill (honeill)
Nov 11 2016 at 08:14
1141 posts
Yesterday the EURUSD went back and forward without any clear direction although in the end managed to close in the red, near the low of the day, in addition the pair closed below previous day low, which suggests a strong bearish momentum.

The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.

The key levels to watch are: The 50-day moving average at 1.1084 (resistance), the 10-day moving average at 1.1032 (resistance), a daily resistance at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).

"I trade to make money not to be right."
idimitrov
Nov 11 2016 at 09:30
421 posts
The euro rose against the dollar on Friday. By the end of the Asian session, EUR/USD was trading at 1.0911, gaining 0.14%. I believe that the support is now located at the level of 1.0862, the low of Thursday, and resistance is likely at the level of 1.1300 - the maximum of Wednesday.

victoriajensen
Nov 11 2016 at 12:02
1117 posts
EUR/USD is still testing the support at 1.0870. Even if it breaks below that level I doubt it will fall below 1.0850 before the market closes today.

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