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kieran (snapdragon1970)
Nov 07 2017 at 15:16
1945 posts
Possibly it will test 16 because a lot of shorts are sitting up there, then might go back to 15600, dollar domination I expect.

"They mistook leverage with genius".
FXWES
Nov 07 2017 at 19:35
675 posts
EUR/USD today posted lowest level since mid July. Despite the pair bounced from the dialy low at 1.1553, yet remains below the 1.16 handle.

kieran (snapdragon1970)
Nov 07 2017 at 19:44
1945 posts
Eur/Dollar is moving up 16-16100 will be one to watch out for.

"They mistook leverage with genius".
Hugo ONeill (honeill)
Nov 08 2017 at 09:12
1141 posts
On yesterday session, the EURUSD fell with a wide range although found enough support at 1.1558 to trim half of its losses but closed in the red, in the middle of the daily range, in addition the currency pair managed to close within Monday’s range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1616 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.

"I trade to make money not to be right."
deresel
Nov 08 2017 at 09:25
708 posts
The single currency recorded a decline against the US dollar on Tuesday. The session started at 1.1608 and ended 23 pips lower. The price managed to break the first support at 1.1590 and the euro reached a daily bottom at 1.1553. Short-term outlook remains negative, as the chart continues to grow below the moving average.

deresel
Nov 08 2017 at 09:27
708 posts
Key levels to watch for:
Support: 1.1485; 1.1280;
Resistance: 1.1590; 1.1670; 1.1735;

idimitrov
Nov 08 2017 at 11:29
421 posts
deresel posted:
Key levels to watch for:
Support: 1.1485; 1.1280;
Resistance: 1.1590; 1.1670; 1.1735;


Interesting forecast! :)

idimitrov
Nov 08 2017 at 11:32
421 posts
The Euro/Dollar attempted a downgrade yesterday, sliding under the support of 1.1580 but still unable to remain convincing below this level and hit 1.1606 earlier this morning. Expectations are neutral for now. In general, I stay in the bear camp as part of the downside reversal scenario of the head and shoulder figure on the daily chart. But a clear break below 1.1580 is needed for the sequel to the downside for testing at 1.1500 - 1.1450. Intraday resistance we have at 1.1650/70. A clear breakthrough over this area may cause future upward pressure on the 1.1725 test, but the longer the price stays below 1.1900, I stay down and every bullish pressure should be seen as a good sales opportunity.

Ari Goldman (arigoldman)
Nov 08 2017 at 13:20
907 posts
Difficult times for the Euro. It may rebound from here i think.

kieran (snapdragon1970)
Nov 08 2017 at 13:26
1945 posts
Chart suggests to wait for a lower price,if it gets back to 15600 I would think of Long again.

"They mistook leverage with genius".
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