EUR/USD

Jun 17, 2012 at 11:03
183,383 Views
9,776 Replies
Member Since Jul 10, 2014   1117 posts
Dec 15, 2016 at 13:33
EUR/USD formed a new historical low today at 1.0394 after the FED interest rate hike yesterday, although it bounced off that level afterwards. The pair is still very bearish and it could soon break below 1.0400 as well. It's very possible for it to reach parity next year.
Street_Trader
forex_trader_383653
Member Since Dec 12, 2016   8 posts
Dec 15, 2016 at 14:48
Street_Trader posted:
Yes, it's in long term downtrend and it continues to fall.

Done!...😎
Member Since May 01, 2015   675 posts
Dec 16, 2016 at 08:06
Following the Fed’s decision the EUR/USD pair tumbled and marked the lowest level since 2003 during yesterday’s session. The pair bottomed at 1.0366 and failed to recover to 1.0500 level. Current market price is 1.0389. A weekly close below the 1.0400 are will set next bears target at 1.0200.
Member Since Feb 24, 2016   277 posts
Dec 16, 2016 at 09:49
EUR/USD reached a multi year low yesterday going to 1.0366. The pair broke the support level at 1.04 and stayed for a while before the bullish camp took the chance to buy the dip. EUR/USD is now trading at 1.0444.
Member Since Apr 08, 2014   1141 posts
Dec 16, 2016 at 10:01
Yesterday the EURUSD fell with a wide range again and closed near the low of the day, in addition managed to close below previous day low, which suggests a strong bearish momentum.

The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0616 (resistance), a daily resistance at 1.0462 and the new multiyear low at 1.0366 (support).
"I trade to make money not to be right."
Member Since Jul 10, 2014   1117 posts
Dec 16, 2016 at 13:26
EUR/USD retraced back to the support level at 1.0462, which has now become a resistance and bounced off of it. It's currently testing the support at 1.0440 and a breakout below that level will likely lead to a further drop towards 1.0400.
Member Since Nov 14, 2015   325 posts
Dec 16, 2016 at 18:42
Lacker just on the wire, saying they will likely need more than 3 hikes in the coming year. Sounds like parity in 2017.
Member Since Nov 16, 2015   708 posts
Dec 18, 2016 at 08:50
The euro extended its losses at the end of the week, despite a sharp rise in the manufacturing index of Germany. The single currency fell to a 14 year low against the US dollar. Recent data from the euro zone were mixed. EUR/USD closed the week at 1.0449, moving closer to parity.
Member Since Nov 16, 2015   708 posts
Dec 18, 2016 at 08:53
Key levels to watch for:
Support: 1.0400; 1.0345;
Resistance: 1.0540; 1.0639.
Member Since Apr 09, 2014   834 posts
Dec 19, 2016 at 03:24
The risk remains on the downside, immediate support level can be found at 1.0366, break below it further decline might be expected.
Member Since Feb 24, 2016   277 posts
Dec 19, 2016 at 05:36
EUR/USD is trading somehow lower in the early opening hours of the week. The pair is now 1.0459 up from 1.0366. Main trend remains bearish as the pair broke the support level at 1.04. The break suggest that a move down is likely which hints to a probable parity in 2017.
Member Since Apr 08, 2014   1141 posts
Dec 19, 2016 at 09:52
On the last Friday’s session the EURUSD rose with a narrow range and closed near the high of the day, although the currency pair closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0586 (resistance), a daily resistance at 1.0462 and the new multiyear low at 1.0366 (support).
"I trade to make money not to be right."
Member Since Jul 10, 2014   1117 posts
Dec 19, 2016 at 13:44
EUR/USD is still very bearish and it has almost reached the support at 1.0400 again. A breakout below that level will likely lead to a further move to the downside towards the previous low at 1.0366.
Member Since Jul 09, 2015   48 posts
Dec 19, 2016 at 14:57
Fed Yellen's speech today could move the market outside this current range. If it break the 1.0366 level, we may well see a strong movement towards parity between the euro and the dollar in the next weeks.
Member Since Feb 24, 2016   277 posts
Dec 20, 2016 at 04:48
EUR/USD is trading with little to no change in today's opening hours. The pair is now 1.0404, down from today's high of 1.0479. If we break below 1.04 again then bears might have the upper hand and we could see parity in the near future. First support is seen at last low at 1.0366.
Member Since May 01, 2015   675 posts
Dec 20, 2016 at 07:52
The EUR/USD pair started the new week with resuming the downward slide. Yesterday the pair closed at 1.0401. The positive data on the business climate in Germany, provided by Ifo, failed to support the single currency. Technically bears continue to dominate and 1.0365 is the immediate goal.
Member Since Jul 12, 2016   78 posts
Dec 20, 2016 at 07:57
The EURUSD attempted to push higher yesterday topped at 1.0479 but closed lower at 1.0402. The bias is neutral in nearest term probably with a little bearish bias testing 1.0350/00 area. Immediate resistance is seen around 1.0450 followed by 1.0500. As long as stay below 1.0500 I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

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Member Since Dec 20, 2016   2 posts
Dec 20, 2016 at 08:04
this pair is heading towards 1.0150 (next support level in week chart)
Member Since Apr 08, 2014   1141 posts
Dec 20, 2016 at 09:14
Yesterday, the EURUSD initially tried to rally but found enough resistance at 1.0462 to give back all its gains to the market and closed near the low of the day, although the currency pair closed within Friday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0523 (resistance), a daily resistance at 1.0462 and the new multiyear low at 1.0366 (support).
"I trade to make money not to be right."
Member Since Apr 17, 2015   64 posts
Dec 20, 2016 at 12:27
The pair is heading down fast and I expect it can well break the 1.0350 level reaching new all time lows. Fast short positions could be beneficial.
Knowledge is king!
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