EUR/USD

lets see what will happen today

alexforex007 posted:
We just have to wait how tomorrow's fundamentals come out.

yes that is right there is lot of new for us today and we are looking at good movement on eur/usd so lets wait and see the number that we come out

is EURUSD cat death bounce ?
Seem like down trend in long term .

I agree with you cause this week the US dollar was stronger.

EURUSD has found support at 1.3365 on the back of a bullish RSI divergence, coinciding nicely with a significant miss in US NFPs. This is the most significant bullish correction we have seen in the past couple of months, and the pair has broken out of its July bearish channel. While we are long-term bearish on the pair we see an increased likelihood of a correction here and will look to sneak in an aggressive long if we see a pullback. Below 1.3377 (today’s lows) the bullish correction has ended and we are looking down toward 1.33 once again.

It is time to sell ' death cat bonce ' EURUSD and buy GBPUSD at same time .
Good luck .

takechance posted:

takechance posted:
As it could not get support at 1.3425 the next levels on my chart are 1.3375 and 1.3350. I doubt 1.34 will hold.

As expected EUR could not get support at 1.34 and moved towards 1.3375 as per my chart forecasting.

Today is the last day of the week as well as the month so we may see some good retracements upwards as a result of short covering.

My watch levels would be 1.3425, 1.3460 and 1.3500.

All good. Exactly as expected the pair got support at 1.3375 area and bounced back to the first target level 1.3425. The next levels I would expect are 1.3450 and 1.3490 on Monday.

Good luck and happy weekend. :)

I agree, if the price advances above 1.3440 next level would be 1.3475 to 1.3500 price zone, let's see what happen next week.

The dollar traded unchanged or positive against most pairs the G10 during the European morning of Friday. Was positive against the GBP, the JPY, CAD, AUD and NOK, in that order, and negative against the SEK. The 'greenback' was unchanged against the EUR, CHF and JPY.

bewayopa posted:
The dollar traded unchanged or positive against most pairs the G10 during the European morning of Friday. Was positive against the GBP, the JPY, CAD, AUD and NOK, in that order, and negative against the SEK. The 'greenback' was unchanged against the EUR, CHF and JPY.

The SEK was the only currency that appreciated against the dollar during the European session this morning. PMI in this country rose to 55.2 points in July, being above the expectations of the market and 54.8 points above a fractional growth for 54.9 points. Better than expected, this indicator SEK helped recover some losses last Wednesday, resulting from the disclosure of GDP for the second quarter below expectations, giving investors a reason to believe in a strong currency and a more robust economy .

This week should give us a lot of movements. Lets see if the EURUSD keeps dropping on the upcoming fundamentals.

Hi,
I hope that too but this morning it is still over 1.35 .

good morning everyone i wish you all a successful week.

EURUSD moved higher during the course of last Friday, as the nonfarm payroll numbers were worse than expected. The trend has been very bearish lately, so the fact that we ended up bouncing during the day on Friday isn’t that big of a deal, it doesn’t change anything until we clear the 1.3550 region, something that probably isn’t going to happen soon.

the dollars is week this week and eur will lake the chance so for traders good to go long

Eur/usd had a flat day, price did not show any direction today. Support for the EURUSD is seen at 1.3370 and resistance is seen at 1.3442.

The EUR/USD pair initially sold off during last week.
But ended up bouncing and forming a nice-looking hammer.
This hammer looks like the weekly opportunity!

The Euro is just waiting for the European Central Bank to release its statement in order to decide if it will keep dropping or if it is going to correct the most recent downtrend.

* The 'normalization' still would not lead to massive sales.


* Fears of the FOMC meeting last week seem to have vanished.
* Asian regional indices are stable, while the European session seems to be the start of a week of normal operation.

*** The decision of the European Commission that the rescue Banco Espirito Santo (BES) of Portugal planned € 4.9 billion in complying with the standards of EU assistance also helped to calm nerves.

However **, after examining the situation over the weekend, investors have announced that with solid U.S. data, nonfarm payrolls by about 200,000 and an unemployment rate unchanged at 6.1%, prospective political career would not change Fed

* Neither positive nor negative Marginal market correction based on the recognition that the Fed is moving slowly towards normalization would be seen as a healthy retreat rather than an absence resulting from an impact.

* Despite this improved growth and signs of inflation, a real adjustment in terms of setting interest rates, is still far away.
* In relation to the fundamental or structural data, it has not changed anything.
* In the coming weeks, Yellen (and members of the dominant soft line) will become increasingly stressed that while asset purchases are coming to an end, the normalization will be gradual.
* With little U.S. data, with the exception of the report of non-manufacturing ISM index (which is expected to reach a maximum of 11 months), the upward momentum of the USD would pause, as the focus would go to across the Atlantic.