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rosentray
Nov 28 2016 at 08:14
277 posts
Uncertainty in EUR/USD continues to affect the market as the pair is now slightly higher trading at 1.0658 with a high of 1.0685. Market participants expect extreme volatility to continue as we enter into the week.

honeill (honeill)
Nov 28 2016 at 09:55
1141 posts
On the last Friday’s session the EURUSD rose with a wide range and closed near the high of the day, also managed to close above Thursday’s high, which suggests a strong bullish momentum.

The pair still closed below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0618 (resistance) and the all-time low at 1.0462.

"I trade to make money not to be right."
BaldoN (BaldoN)
Nov 28 2016 at 10:55
522 posts
There will be a lot of playing around to finish the monthly candle on Wednesday but I see it as the correction side up on monthly basis going to around 1.07 first. There would be a lot of power or some impact needed to break the triple bottom in December. It’s the Feds meeting that could make it possible but not before that.

LLewis
Nov 28 2016 at 12:33
35 posts
I see the daily support at 1.0580 and resistance at 1.0664. The pair seems quite bearish now.

Once a trader, always a trader!
victoriajensen
Nov 28 2016 at 13:14
1117 posts
I agree, EUR/USD bounced off 1.0685 after forming a pair of shooting star candlesticks on the four-hour time-frame. It's currently testing the support at 1.0580 and if it breaks out below that level it will likely reach the next support at 1.0520 - 1.0510.

BaldoN (BaldoN)
Nov 28 2016 at 16:06
522 posts
Too much pressure already it looks quite bearish now. If The daily pivot didn’t hold as I don’t see much buying pressure it might further go down. Lets see what happens with the US Open.

snapdragon1970 (snapdragon1970)
Nov 28 2016 at 16:11
1944 posts
BaldoN posted:
Too much pressure already it looks quite bearish now. If The daily pivot didn’t hold as I don’t see much buying pressure it might further go down. Lets see what happens with the US Open.

You might get some bullish move as GBP/USD is bullish looking its just bounced off 24000,time will tell if it breaks new levels.

"They mistook leverage with genius".
FXWES
Nov 28 2016 at 21:07
675 posts
It’s an importnat week for the US dollar with the NFP data upcoming on Friday, along with the preliminary estimates on Q3 GDP and the ADP numbers on Wednesday. Meanwhile Europe offers a major event with risk behaviour on markets – the Italian referendum. The coincidence and the combnations of these fundaments implies strong influence on the pair.

RPatell (RPatell)
Nov 29 2016 at 07:46
64 posts
The pair is consolidating between 1.0657 and 1.0557 before the important US news today and the NFP tomorrow. Good point about the referendum. I am also interested to see the impact.

Knowledge is king!
FXWES
Nov 29 2016 at 08:15
675 posts
The single currency marked slight increase against the US dollar on Monday. The EUR/USD pair reached a daily high at 1.0685 and low at 1.0563. The pair remains at risk of further decline and the next target appears to be the levels at 1.0550.

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