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FXWES
Jan 31 2017 at 06:39
675 posts
The EUR/USD pair jumped this morning to 1.0713 and currenty is trading at 1.0700 level. First resistance is placed at 1.0740 and next at 1.0775. Strong support is seen at 1.6580 and in case if breaking it, the pair is poised to decline further towards 1.0600 area.

idimitrov
Jan 31 2017 at 08:06
421 posts
The dollar fell because of an immigration policy of Trump. The euro rose by 0.07 percent to $1.0699. The single European currency on Monday withdrew from a minimum of 11 days to $1.0620 on the background of data, reporting the inflation rate in Germany was up to a maximum of three and a half years, getting closer to targeted by the ECB's 2 percent.

Hugo ONeill (honeill)
Jan 31 2017 at 09:04
1141 posts
On yesterday session, the EURUSD initially fell with a wide range but found enough support at 1.0622 to turn back around and managed to close near the high of the day, however currency pair close within previous Friday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair is trading above the 50-day moving average should act as a dynamic support but succeed in closing below and remains trading below the 10 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0710 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0580 (support) and a daily support at 1.0462.

"I trade to make money not to be right."
deresel
Jan 31 2017 at 12:01
708 posts
The euro recorded an extremely volatile session against the dollar on Monday. Ultimately the trade finished in favor of the US currency, but the single currency managed to offset most of the losses incurred in the first half of the day. The start was given at a price of 1.0717 as bearish sentiment dominated from the start. So the support at 1.0639 was breached as the pair hit bottom at the 1.0619. Finish line was crossed 74 pips higher.

deresel
Jan 31 2017 at 12:04
708 posts
Key levels to watch for:
Support: 1.0639; 1.0586;
Resistance: 1.0776; 1.0817.

rosentray
Jan 31 2017 at 12:24
277 posts
EUR/USD is higher today after a bearish market reaction to the US dollar based on fundamentals. The pair is now 1.0759 with first resistance at 1.0775.

idimitrov
Jan 31 2017 at 12:53
421 posts
EUR/USD was indecisive yesterday. The pair attempted to push lower, and slid below the lower limit of the bullish price channel, but then rose again and went into the canal. Until we see a convincing break and daily close below the bullish channel, the phase of bulls remains valid. The outlook is neutral, possibly with light signals up to test 1.0800. Support for the day is 1.0690. A clear break below could lead to further bearish pressure testing 1.0650.

victoriajensen
Jan 31 2017 at 13:22
1117 posts
The fundamentals are pushing EUR/USD to the upside and the pair will soon test the last high at 1.0774. A breakout above that level will likely lead to a further move to the upside towards 1.0800 - 1.0810.

csc2009
Jan 31 2017 at 23:55
834 posts
victoriajensen posted:
 The fundamentals are pushing EUR/USD to the upside and the pair will soon test the last high at 1.0774. A breakout above that level will likely lead to a further move to the upside towards 1.0800 - 1.0810. [/quote

True, risks still remains towards upside, strong resistance levels are 1.0820 and 1.0840.


FXWES
Feb 01 2017 at 07:17
675 posts
The EUR/USD failed to hold above 1.08 and currenlty keeps a side-ways movement, slightly away from the mutli weeks high reached yesterday at 1.0815.

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