To use chat, please login.
Back to contacts
rosentray
Nov 09 2016 at 08:23
277 posts
EUR/USD is trading unchanged at the moment at 1.1112. The price skyrocketed to a high of 1.13 when the initial results predicted a Trump victory. Now that he is President-elect markets have digested the news and price is back to normal. A classic buy the rumor, sell the fact scenario.

Hugo ONeill (honeill)
Nov 09 2016 at 08:50
1141 posts
Yesterday the EURUSD fell with a narrow range and closed near the low of the day, in addition the pair managed to close below previous day low, which suggests a strong bearish momentum.

The pair closed below the 10, 50 and the 200-day moving average that should act as dynamic resistances.

The key levels to watch are: the 200-day moving average at 1.1195 (resistance), a Fibonacci retracement at 1.1181 (resistance), the 50-day moving average at 1.1097 (resistance), a daily support at 1.1097 and the 10-day moving average at 1.1047 (support).

"I trade to make money not to be right."
victoriajensen
Nov 09 2016 at 09:17
1117 posts
The election results caused a massive whipsaw on the EUR/USD pair. I expected the sharp move to the upside, but not so much the quick retracement. Either way, the pair is back under 1.1100 for now.

love2trade
Nov 09 2016 at 11:01
29 posts
rap17 posted:
when is the euro mean to start going back up plz???


After Trump loses after his term :)

To always be happy :)
Raj (RPatell)
Nov 09 2016 at 11:08
64 posts
Trump is winning the US elections and the dollar seems to be getting weaker. Definite bearish movement. It's heading down but I expect to become stable at around 1.098.

Knowledge is king!
Raj (RPatell)
Nov 09 2016 at 11:08
64 posts
It seems FX and stock markets are in shock of the results. No one could be certain where the price will go in all related pairs...

Knowledge is king!
Richard Bills (RichardBills)
Nov 09 2016 at 13:05
74 posts
love2trade posted:
rap17 posted:
when is the euro mean to start going back up plz???


After Trump loses after his term :)


That's quite a long time! 😉

Richard Bills (RichardBills)
Nov 09 2016 at 13:08
74 posts
EURUSD is going up and down today and this may continue until the end of the week. I expect it to move in the range between 1.1200 and 1.0900. I would wait for a week to identify a strong trend.

kieran (snapdragon1970)
Nov 09 2016 at 14:24
1945 posts
Eur/Usd could retrace to 8500 or deeper, the market opens in 6 mins .

"They mistook leverage with genius".
FXWES
Nov 10 2016 at 06:06
675 posts
The euro marked negative session against the US dollar on Wednesday. After a volatile session the pair lost 116 pips and closed at 1.0908. The pair broke the first resistance at 1.1160 and bounced back from the second resistance at 1.1286. Later the direction reversed and the euro broke both supports located at 1.1160 and 1.0980. If the downward trend continues, next target is seen at 1.0815.

Please login to comment .