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victoriajensen
Jun 05 2017 at 14:34
1117 posts
EUR/USD bounced off from 1.1284 after forming a doji candlestick and a shooting star candlestick at that level on the four-hour time-frame. Currently the pair is testing the support at 1.1235, a breakout below that level will probably lead to a further move to the downside towards 1.1160, which is the (MA)89 indicator on the four-hour time-frame again.

FXWES
Jun 05 2017 at 20:18
675 posts
The EUR/USD pair is holding neutral to bullish stance. A break above the important 1.13 level will confirm a new leg to above.

Hugo ONeill (honeill)
Jun 06 2017 at 08:44
1141 posts
On yesterday session, the EURUSD fell with a narrow range and found some buying pressure near 1.1237 a daily support to trim some of its losses and in the middle of the daily range, plus the currency pair closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a Fibonacci extension at 1.1291, a daily support at 1.1237, the 10-day moving average at 1.1217 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).

"I trade to make money not to be right."
victoriajensen
Jun 06 2017 at 13:04
1117 posts
EUR/USD is consolidating above the support at 1.1235 - 1.1240 which coincides with the (MA)89 indicator on the one-hour time-frame and it may continue doing so until the fundamentals on Thursday.

FXWES
Jun 06 2017 at 18:28
675 posts
Ahead of the important macro events this week ,the EUR/USD pair seems to range bounded.
The risk to the downside remains limited until the pair holds above the 1.12 handle. But to confirm a strong bullish run is needed a break through the 1.13 mark.

ClearPicture
Jun 07 2017 at 06:26
13 posts
Looks like it will be a waiting game until then

Capital Hedging (Forex_Villa)
Jun 07 2017 at 06:27
29 posts
EUR/USD will continue to edge higher

Don't panic over drawdown, instead manage it !!
Capital Hedging (Forex_Villa)
Jun 07 2017 at 06:27
29 posts
@victoriajensen

EUR/USD will continue to edge higher

Don't panic over drawdown, instead manage it !!
Hugo ONeill (honeill)
Jun 07 2017 at 08:36
1141 posts
On yesterday session, the EURUSD rose with a narrow range and closed near the high of the day, plus the currency pair closed within Monday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a Fibonacci extension at 1.1291, a daily support at 1.1237, the 10-day moving average at 1.1224 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).

"I trade to make money not to be right."
Aleixo1
Jun 07 2017 at 11:49
12 posts
There is support around 1.1291 as well so I am buying at that level

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