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FXWES
Aug 15 2017 at 20:06
675 posts
The EUR/USD pair is currently trading at 1.1736 backed up with the better than expected US retail sales data. The pair might continue falling in case bulls couldn’t revert back above the 1.1760 handle.

honeill (honeill)
Aug 16 2017 at 08:27
1141 posts
On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure to trim some of its losses and closed in the middle of the daily range, in addition the currency pair managed to close below Monday’s low, which suggests a strong bearish momentum.

The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1770 (resistance), a daily support at 1.1556 and other daily support at 1.1460.

"I trade to make money not to be right."
idimitrov
Aug 16 2017 at 15:02
421 posts
The single currency recorded a decline against the US dollar on Tuesday. The currency pair opened at 1.1778 and the price jumped from support at 1.1700. After all, the euro ended at 1.1733 and the successful overrun on the bottom floor would increase the likelihood of the downward movement to 1.1520.

victoriajensen
Aug 16 2017 at 16:28
1117 posts
EUR/USD continues consolidating around 1.1700 and that consolidation likely won't end before the major fundamentals a little later today.

snapdragon1970 (snapdragon1970)
Aug 16 2017 at 16:38
1944 posts
I think it needs to go down and hit 1.16 before it finds real support ,that's going back to 1/5/16 though.

"They mistook leverage with genius".
FXWES
Aug 16 2017 at 19:22
675 posts
EUR/USD fell to a fresh 3-week low at 1.1681 despite the dissappointing US data. However ahead of FOMC minutes the pair bounced and currently is trading at 1.1765. The pair must fight 1.1820 area in order to get sure upward strength.

FXWES
Aug 17 2017 at 08:22
675 posts
EUR/USD crossed to above the important barrier at 1.1770 this morning and a clear break of it would generate stronger bullish signal for retest of 1.1910. On the other hand, failing to approach 1.1800 keeps the downside vulnerable for visiting the 1.1680/90 area.


Professional4X
Aug 17 2017 at 08:25
1189 posts
FXWES posted:
EUR/USD crossed to above the important barrier at 1.1770 this morning and a clear break of it would generate stronger bullish signal for retest of 1.1910. On the other hand, failing to approach 1.1800 keeps the downside vulnerable for visiting the 1.1680/90 area.


I have similar analysis results for EURUSD. I'm still holding Long with a projected exit point of 1.18200

If it looks too good to be true, it's probably a scam! Let the buyer beware.
honeill (honeill)
Aug 17 2017 at 09:56
1141 posts
On yesterday session, the EURUSD initially fell but found yet again enough buying pressure to erase all of its losses and managed to close near the high of the day, however the currency pair closed within Tuesday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1728 (resistance), a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.

"I trade to make money not to be right."
dianajs
Aug 17 2017 at 11:54
823 posts
At the support on the H4 time frame at 109.65 there is a bullish bar, which is a signal for a rally, which has already begun and I think it will reach at least 110.50.

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