EUR/USD

Jun 17, 2012 at 11:03
183,395 Views
9,776 Replies
Member Since Jul 10, 2014   1117 posts
Dec 20, 2016 at 12:41
EUR/USD just broke below the previous low at 1.0366. It will likely continue falling towards 1.0300 and it appears that parity has become the long-term target.
Member Since Mar 25, 2015   74 posts
Dec 20, 2016 at 15:35
The bearish movement over the last 10 hours towards 1.3000 is still modest testing the waters for more significant plunge. Very close to oversold level, the pair actually may rebound from this strong support area (1.0340 - 1.0370) and start going up again. I see first strong resistance at 1.0398.
Member Since Feb 24, 2016   277 posts
Dec 21, 2016 at 05:58
EUR/USD is now trading slightly above 1.0405, better than yesterday's levels below the psychological 1.04 level. The pair seems more confident to try and make move to the upside before the weekend. However, bears have the upper hand and if they manage to bring it back below 1.04 for the day this might act as a catalyst for future depreciation in the near-term.
Member Since May 01, 2015   675 posts
Dec 21, 2016 at 06:39
During yesterday’s trading the euro lost value against the dollar for a second day. The single currency depreciated by 15 pips to a closing price of 1.0386, marking a new near 14-year low at 1.0351. The sentiment remains bearish. Support is now located at 1.0365 and lower at 1.0320. Resistance is seen at 1.0520 and 1.0665.
Member Since Dec 20, 2016   11 posts
Dec 21, 2016 at 08:00
all the way bearish find a support at 1.04565 after that its go down toward 1.028
Sucsses is the good reward of time surf
Member Since Apr 08, 2014   1141 posts
Dec 21, 2016 at 09:07
Yesterday, the EURUSD initially tried fell but found enough support at 1.0366 to trim most of its losses and closed in the middle of the daily range, although the currency pair managed to close below previous day low, which suggests being a 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 1.0500 (resistance), a daily resistance at 1.0462 and the new multi-year low at 1.0352(support).
"I trade to make money not to be right."
Member Since Dec 20, 2016   11 posts
Dec 21, 2016 at 09:57
The EUR/USD pair initially tried to rally during the session on Monday, but as you can see the 1.05 level offered quite a bit of resistance. The resistance of course is a selling opportunity, and with this I think we will continue to see the market grind its way to the downside. I believe that we will reach towards the parity level over the longer term, with the European Central Bank extending quantitative easing being a major reason. The US dollar continues to be one of the strongest currencies in the world, and because of this I don’t see any reason for the Euro to suddenly pick up a lot of strength. With this, I remain very negative but I realize it may be a series of short-term selling opportunities that present themselves.

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Sucsses is the good reward of time surf
Member Since Dec 20, 2016   11 posts
Dec 21, 2016 at 09:57
The Euro fell during the day on Tuesday, reaching fresh, new lows. In fact, we were at a 14 year low at one point, but bounced enough to form a hammer. That hammer should be a short-term buying opportunity, but quite frankly I am more interested in shorting this market near the 1.05 level where we should see a significant amount of bearish pressure. An exhaustive candle would be a nice selling opportunity as I believe we will eventually reach towards the parity level. Ultimately, this is a market that I think will continue to see bearish pressure not only now, but early in 2017. Over the next couple of weeks, it will probably be somewhat calm, but I still think that we will have a downward slant overall.

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Sucsses is the good reward of time surf
Member Since Jul 10, 2014   1117 posts
Dec 21, 2016 at 13:11
EUR/USD bounced off 1.0350 and moved to the upside again. It's currently testing the resistance at 1.0420 and a breakout above that resistance will probably lead to a further move to the upside towards 1.0460 - 1.0470. There likely won't be any major changes around the holidays.
Member Since Nov 14, 2015   325 posts
Dec 21, 2016 at 14:10
Somewhat of a rally because of the bailout approval. But remember EU rules require depositors to lose money, so it could have a political backlash.
Member Since Feb 24, 2016   277 posts
Dec 22, 2016 at 07:11
EUR/USD is trading barely unchanged from yesterday's levels still gravitating towards the 1.04 level. Price is now a bit higher at 1.0445 and it seems that a correction is at hand as we approach years end. Important news are scheduled for later today that may alter current pace and direction.
Member Since May 01, 2015   675 posts
Dec 22, 2016 at 08:06
The single currency broke the two-day downward slope on Wednesday amid the relatively positive data on consumer confidence in the eurozone. The euro gained 38 pips to a closing price of 1.0423. The EUR/USD remains below the moving averages, but RSI recovered and 1.0365 remained of great importance acting as key support, which now gives more confidence to the bulls.
Member Since Apr 08, 2014   1141 posts
Dec 22, 2016 at 09:45
Yesterday, the EURUSD rose with a wide range but closed in the middle of the daily range, although the currency pair managed to close above the previous day high, which suggests a bullish 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 1.0487 (resistance), a daily resistance at 1.0462 and the new multi-year low at 1.0352(support).
"I trade to make money not to be right."
Member Since Nov 14, 2015   325 posts
Dec 22, 2016 at 10:32
Boost from Wiedmann. And CPI expectation for years end. But some key bullet points remain:
- ECB stands ready to use all the instruments available within its mandate
- QE can be changed in size and duration if needed
Member Since Jul 10, 2014   1117 posts
Dec 22, 2016 at 15:11
EUR/USD broke above the resistance at 1.0470. Next target is likely the next visible resistance at 1.0530, which coincides with the (MA)89 indicator on the four-hour time-frame.
Member Since Nov 14, 2015   325 posts
Dec 22, 2016 at 16:09
Retreated from from just under 1.05 to 1.0450. Broader USD strenthening. Now, back to 1.04, or a retest of 1.05?
Member Since Apr 09, 2016   421 posts
Dec 22, 2016 at 22:37
The euro rose against the dollar on Thursday. By the end of the US trading EUR/USD was trading at 1.0436, gaining 0.09%. I believe that the support is now located at the level of 1.0350, Tuesday's low, and resistance is likely at the level of 1.0499 - the maximum of today's trading.
Member Since May 01, 2015   675 posts
Dec 23, 2016 at 06:37
The single currency was trading slightly elevated against the US dollar during yesterday’s session and recovered some losses from earlier in the week. Although the increase was limited at 1.0498, the euro managed to add 13 pips to 1.0435. The 50-day MA acted as resistance and RSI failed to move in positive territory. Long-term attitudes remain negative targeting the support at 1.0365.
Member Since Apr 08, 2014   1141 posts
Dec 23, 2016 at 09:34
Yesterday, the EURUSD tried to rally but found enough resistance at the 10 day moving average to reverse and closed near the low of the day, in addition the currency pair managed to close within the previous day 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 1.0476 (resistance), a daily resistance at 1.0462 and the new multi-year low at 1.0352(support).
"I trade to make money not to be right."
Member Since Feb 24, 2016   277 posts
Dec 23, 2016 at 09:39
Nothing out of the ordinary in today's session as traders and investors are having a few days in a calmer market environment before Christmas. EUR/USD is now trading at 1.0459, slightly up from yesterday's levels.
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