The euro was down against the US Dollar on Monday. By the close of US trading EUR / USD was trading at 1.1138, shedding 0.56%. I believe that the support is now located at the level of 1.1101, Friday's low, and resistance is likely at the level of 1.1238 - the maximum of Wednesday.
The EUR/USD pair dragged below the psychological level at 1.1100, as US dollar is fueled now by the second US Presidential debate. Today the pair accelerated its decliane to reach 1.1068 – the lowest level for the past two months.
Yesterday the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.
The pair continues to trade below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1182 (resistance), a daily resistance at 1.1097, August swing low at 1.1046 (support) and July swing low at 1.0952 (support).
EUR/USD is trading sharply lower this week. Today the pair reached a low of 1.1015. This comes after a few days of depreciation and it looks like it will not stop here. Important news on Friday might create more volatility.
EUR/USD has almost reached the support at 1.1000 and whether it will break below it remains to be seen. That said, we should keep in mind that the FOMC meeting minutes will be released today, so we can expect major volatility.
EUR/USD is having another day of losses. The pair is now 1.1014 and it appears that there isn't anything to stop it from depreciating further. Important US news tomorrow. First support is the psychological level of 1.10.
The pair marked its worst session for the last three weeks and was trading at lowest levels since early August within 1.1141 and 1.1048. The price overcame the recent range and remains below the descending moving averages. The sentiment remains negative with immediate target yesterday's low.
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