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victoriajensen
Jan 11 2016 at 14:07
1117 posts
EUR/USD reached 1.0968 and failed to break above that resistance. More importantly, the pair has formed a hanging man candlestick on the weekly time-frame right under the resistance at 1.1000. I think we might see a bigger move to the downside, perhaps towards 1.0600 - 1.0550.

kieran (snapdragon1970)
Jan 11 2016 at 14:59
1944 posts
Hey if I see a move down like that I will be buying like crazy,I doubt it very much though.

"They mistook leverage with genius".
sherifFares
Jan 11 2016 at 17:28
454 posts
EUR/USD is still under the resistance levels. price is forming double top on the 4 hours chart, my entry point for short will be under 1.0800.

Abdul2012
Jan 11 2016 at 20:37
413 posts
sherifFares posted:
EUR/USD is still under the resistance levels. price is forming double top on the 4 hours chart, my entry point for short will be under 1.0800.

Great job, and good luck with it.

alexforex007
Jan 12 2016 at 03:10
774 posts
EURUSD with no clear trend. Just waiting for it to take a definite direction away from the 1.0900 level in any direction.

FXWES
Jan 12 2016 at 07:27
675 posts
EUR/USD registered a decrease in the beginning of the new week. The euro depreciated by 60 pips against the dollar to a closing price of 1.0858. The session was held within the extremes at 1.0968 and 1.0848. In the short term prospects seem neutral, as immediate targets appear levels at 1.0995 and 1.0805.

Hugo O'Neill (honeill)
Jan 12 2016 at 09:08
1141 posts
On yesterday session the EURUSD tried to rally but found enough selling pressure to turn south and closed in the red near the low of the day, in addition managed to close below previous day low, suggesting a strong bearish momentum.

The pair closed below the 10 but above the 50-day moving average that continue acting as a dynamic support.

The key levels to watch are: 200-day moving average at 1.1049 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0861 (support), the 1.0819 (support) and the 50-day moving average at 1.0816 (support).

"I trade to make money not to be right." |
csc2009
Jan 12 2016 at 14:13
834 posts
The pair is still bouncing within the range between 1.0900 to 1.0800, on the downside 1.0800 is acting as the psychological level.

Ari Goldman (arigoldman)
Jan 12 2016 at 14:21
907 posts
Good move to the downside.

kieran (snapdragon1970)
Jan 12 2016 at 14:26
1944 posts
On the longer time frames its looking bearish,I see 710 as support level,for now we are stuck around 860 need to break this level for bullish move.

"They mistook leverage with genius".
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