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arigoldman (arigoldman)
Mar 01 2016 at 16:14
907 posts
Good downward move today.

sherifFares
Mar 01 2016 at 17:52
454 posts
EUR/USD drop is halted around 1.0850, In my opinion the area between 1.0850 until 1.0820 is a rebound area the pair might trade sideways around this area for sometimes before taking a decision.

victoriajensen
Mar 01 2016 at 18:03
1117 posts
The pair may have bounced off from 1.0830, but I think the move to the downside isn't over and sooner or later it will reach 1.0800 again at the very least.

Abdul2012
Mar 01 2016 at 18:13
413 posts
The EUR/USD will test the 1.0800 level sooner not later specially if the US Nonfarm Payrolls came as expected. The EUR/USD will break through the 1.0800.

FXWES
Mar 01 2016 at 19:33
675 posts
EUR/USD prolongs its decline upon ISM factories boost.

alexforex007
Mar 02 2016 at 03:03
774 posts
The trend is still to the downside on the EURUSD, the NFP numbers may decide if the EURUSD continues dropping or if it retraces.

FXWES
Mar 02 2016 at 08:08
675 posts
The single currency recorded humble decline for a third consecutive session on Tuesday. The pair lost only 6 pips at a closing price of 1.0866. The graphics continue to develop under moving averages, while the index of relative strength remained on neutral territory. If the downward trend continues, we may expect a breakthrough of the support at 1.0810.

rosentray
Mar 02 2016 at 09:50
277 posts
The EUR/USD is trading in the long-term downward channel, which makes it vulnerable to bear attacks. First level of support 1.08, first level of resistance 1.0960. Only a break and a close above the 200SMA would invalidate the depreciation of the Euro.

honeill (honeill)
Mar 02 2016 at 11:43
1141 posts
Yesterday the EURUSD initially fell but found enough buying pressure to turn around and closed near the high of the day, however closed within the previous day range, suggesting a weak bullish momentum.

The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.

The key levels to watch are: A daily resistance at 1.1097, the 200-day moving average at 1.1020 (resistance), 50-day moving average at 1.0984 (resistance), the 10-day moving average at 1.0965 (resistance), a daily resistance at 1.0900 and a daily support at 1.0819.

"I trade to make money not to be right." |
DRFXTRADING (DRFXTRADING)
Mar 02 2016 at 16:25
169 posts
My latest trade took advantage of the downtrend on this Currency.







This was the overall setup and projection on Daily Chart...







This was the Entry Setup on 4 H Chart...







After few days, target was hit...













Having reach Support of Pennant on Daily Chart, EURO will either rally once again to Resistance or breakout Bearish.


Duane
DRFXSWINGTRADING



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