EUR/USD
Member Since Jul 10, 2014
1117 posts
Jul 15, 2015 at 18:19
EUR/USD finally broke below 1.1000. Should it break below 1.9000 too we might see a further move to the downside to the support at 1.6000 visible on the weekly filter chart.
Member Since Jun 08, 2014
454 posts
Jul 15, 2015 at 21:01
Another drop on the EU due to the Greek/EU crisis.
Jul 16, 2015 at 08:47
EUR lost positions against USD on Wednesday. Analysts' expectations were justified and the couple made a test of the support at 1.0915. Its breakthrough was delayed, but short-term indicators are still in favor of USD. EUR/USD will likely focus on the second key level at 1.0817. Wednesday’s trading was opened at a price of 1.1007 and by the end of the session the euro lost 59 pips. Bottom of the day was struck at 1.0930.
Member Since Apr 08, 2014
1141 posts
Jul 16, 2015 at 09:25
Yesterday the EURUSD fell breaching the 50% Fibonacci level (support) at 1.0955 and closed below it, near the low of the day. This previous day movement suggests that the currency is going to move lower and try to test the 61.8% Fibonacci level (support) at 1.0860.
"I trade to make money not to be right."
forex_trader_229154
Member Since Jan 29, 2015
87 posts
Jul 16, 2015 at 14:23
EURUSD will test 1.06 soon. I shorted it at 1.10.
Member Since Jul 10, 2014
1117 posts
Jul 16, 2015 at 14:36
EUR/USD broke below 1.0900 and reached 1.0860 but then returned to its previous levels above 1.0900. Still, I think that the move to the downside will continue.
Member Since Jun 08, 2014
454 posts
Jul 16, 2015 at 20:43
I dont think the EUR/USD will stop dropping for this week due to the instability in the Euro/Greece crisis.
Jul 17, 2015 at 00:42
victoriajensen posted:
EUR/USD broke below 1.0900 and reached 1.0860 but then returned to its previous levels above 1.0900. Still, I think that the move to the downside will continue.
I agree, the pair will probably test next support level 1.0860.
Jul 17, 2015 at 08:33
EUR recorded a second consecutive loss against USD on Thursday. The bearish trend dominated during the whole session as a result of this support at 1.0915 was pierced in the early hours. Short-term indicators remain in favor of USD and it is expected downward direction of the pair to continue until the key levels at 1.0817 and then the price can be corrected. The trading on Thursday launched at 1.0949, and EUR lost 76 pips. Bottom of the day was noted at 1.0855.
Member Since Apr 08, 2014
1141 posts
Jul 17, 2015 at 08:53
Yesterday the EURUSD fell testing the 61.8% Fibonacci level (support) at 1.0860 as expected and closed near the low of the day. The currency is in a critical support and today we may see some consolidation or even a minor pullback. But a break below 61.8% Fibonacci level (support) at 1.0860 would force the price down to a daily support at 1.0622.
"I trade to make money not to be right."
Member Since Oct 02, 2014
909 posts
Jul 17, 2015 at 14:08
Interesting moves today.
Positivity
Jul 18, 2015 at 07:57
If we were to be in a 'more normal' market the EUR/USD would be falling simply due to the fundamental picture.
Ironically it has received a ton of support during the Greek crisis thus far to make sure that it doesn't appear to the masses that the Euro as a force is all but finished.
What the past couple of weeks have shown if that Germany will try anything to keep the Euro-zone together. Greece may still be in there for now but it became clear that Greece had it future dictated to it and had no choice but to accept the greater of two evils and stay in Europe at a cost of decades of pain to its citizens.
This was not the friendly to quote a phrase much used - 'we are all in this together' situation - this was dictatorship - pure and simple. Memories of another German dictator in the past and a lust for collecting countries come to mind and we all know the result of that.
I guess now that Europe is intact the pair may be allowed to float freely and that will see the fundamentals taking over and the pair heading down toward the 1.04 level. After that is will depend on the speed or indeed presence of any monetary tightening that takes place in the US and Euro. But Europe are way behind the ball on that one - with a QE process not completed or priced into the market as of yet.
So a medium term strong short and sell on any peeks - good luck to all
Sean
Ironically it has received a ton of support during the Greek crisis thus far to make sure that it doesn't appear to the masses that the Euro as a force is all but finished.
What the past couple of weeks have shown if that Germany will try anything to keep the Euro-zone together. Greece may still be in there for now but it became clear that Greece had it future dictated to it and had no choice but to accept the greater of two evils and stay in Europe at a cost of decades of pain to its citizens.
This was not the friendly to quote a phrase much used - 'we are all in this together' situation - this was dictatorship - pure and simple. Memories of another German dictator in the past and a lust for collecting countries come to mind and we all know the result of that.
I guess now that Europe is intact the pair may be allowed to float freely and that will see the fundamentals taking over and the pair heading down toward the 1.04 level. After that is will depend on the speed or indeed presence of any monetary tightening that takes place in the US and Euro. But Europe are way behind the ball on that one - with a QE process not completed or priced into the market as of yet.
So a medium term strong short and sell on any peeks - good luck to all
Sean
market nobility
Member Since Jul 10, 2014
1117 posts
Jul 18, 2015 at 17:16
csc2009 posted:
Decline continues, looking at strong support now. If breaks below 1.0800 level will open the gate to further losses, maybe 1.0500 or even 1.0400 level.
I agree, the pair is headed for 1.0550 - 1.0500. Should it manage to break below that level we might even see it attempt to reach parity again.
