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deresel
Feb 22 2016 at 18:24
708 posts
The euro broke a five-day losing streak against the US dollar and rose on Friday despite good data on US inflation.
The currency pair EUR/USD ended the week at 1.1129, raising on Friday with 0.22 percent, and since the beginning of the year the euro has risen nearly 2.5 percent against the green money. Data from the day showed that consumer confidence in the Eurozone declined for the past month.

FXWES
Feb 22 2016 at 19:00
675 posts
EUR/USD dropped to $1.10 amid no fundaments news today. The greenback gained more than 100 pips.

Abdul2012
Feb 22 2016 at 20:02
413 posts
That was impressive drop for the EUR/USD today and the support level at 1.1005 is under pressure of the strong US dollar, Breaking below will drive the the pair to the 1.0990 level.

csc2009
Feb 23 2016 at 00:03
834 posts
Further downside pressure may extend for the short term, but 1.1000 support level is still holding for now.

alexforex007
Feb 23 2016 at 02:59
774 posts
The EURUSD may continue lower, but a pullback to the 1.1100 level could make that area become resistance.

trade2good
Feb 23 2016 at 07:27
26 posts
A pullback towards 1.1100 is very likely! It may touch 1.1122 on short covering

FXWES
Feb 23 2016 at 08:19
675 posts
The euro resumed its downward movement against the dollar on Monday. The single currency depreciated by 83 pips to a closing price of 1.1027. The daily limit values were reached respectively at 1.1123 and 1.1003. Technical outlook in the short term remains negative, but for further decline is needed breakthrough levels at 1.0960.

Hugo ONeill (honeill)
Feb 23 2016 at 09:16
1141 posts
Yesterday the EURUSD plunged with a wide range and closed near the low of the day, in addition managed to close below the previous day low, suggesting strong bearish momentum.

The pair is trading below the 10-day moving average acting as dynamic resistance however is still trading above the 50 and the 200-day moving averages that are acting as dynamic support.

The key levels to watch are: The previous swing high at 1.1376, a daily resistance at 1.1237, the 10-day moving average at 1.1132 (resistance), a daily resistance at 1.1097, the 200-day moving average at 1.1025 (support) and 50-day moving average at 1.0982 (support).

"I trade to make money not to be right."
csc2009
Feb 23 2016 at 13:25
834 posts
Eur/Usd seems in the recovery mood, Brexit fears are still driving the market, the pair might face more correction on the downside.

victoriajensen
Feb 23 2016 at 16:08
1117 posts
The pair is still testing the support at 1.1000 indeed. I do think it will break below that level soon though, and continue towards 1.0900, perhaps even 1.0800.

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