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Hugo ONeill (honeill)
May 16 2018 at 08:40
1141 posts
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition closed below Mondays’ low, which suggests a strong bearish momentum.

The currency pair trading below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: a key level at 1.2165 (resistance), the 200-day moving average at 1.2048 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1900 (support), January low at 1.1915 (support), a daily support at 1.1829 and other daily support at 1.1753.

"I trade to make money not to be right."
deresel
May 16 2018 at 12:10
708 posts
The euro lost positions against the dollar on Tuesday. The single currency collapsed for a second consecutive session, resulting in the support at 1.1821 being broken. If the bullish sentiment continues, the pair will test the level at 1.1797. Trading started at 1.1926 and the euro fell with 89 pips to the final. The trend was negative for most of the time, as the bottom of the day was hit at 1.1819.

deresel
May 16 2018 at 12:12
708 posts
EUR/USD
Key levels to watch for:
Support: 1.1821; 1.1797;
Resistance: 1.1979; 1.2002;

Justice1024
May 16 2018 at 13:01
210 posts
The euro / dollar made a strong downward movement yesterday, reaching a bottom at 1.1820. From the perspective of the daily timeframe, this fact not only gives further confirmation of the scenario on the downward pin bar (since Monday), but also keeps the scenario of the bearish triangle in place. My downward pattern is reactivated now. Signals remain bearish for testing 1.1735. Intrader resistance is seen around 1.1875. A clear break above this level may send the price to a neutral trading area, but while it holds below 1.1920, any bullish pressure can be seen as a good sales opportunity.

HankyPanky
May 16 2018 at 13:33
8 posts
I am expecting a fall to at least the 1.1750 before there is any significant pause in the downward momentum. Fundamentals are indicating further downwards pressure on Euro

kieran (snapdragon1970)
May 16 2018 at 13:35
1945 posts
Sometimes a bounce at Stock market open, not always though, just something to be prepared for.

"They mistook leverage with genius".
Baldo (BaldoN)
May 16 2018 at 13:48
522 posts
EUR/USD - I am expecting dollar to keep rising and price test around 1.1710/20 in short term

kieran (snapdragon1970)
May 16 2018 at 13:59
1945 posts
We might get those levels after it tests higher first ,1.18 will be key support.

"They mistook leverage with genius".
Hugo ONeill (honeill)
May 17 2018 at 08:48
1141 posts
On yesterday session, the EURUSD initially fell but found enough buying pressure to erase some of its losses and closed in the middle of the daily range, in addition, managed to close below Tuesdays’ range, which suggests a bearish momentum.

The currency pair trading below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: a key level at 1.2165 (resistance), the 200-day moving average at 1.2047 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1882 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and other daily support at 1.1753.

"I trade to make money not to be right."
Hugo ONeill (honeill)
May 18 2018 at 08:16
1141 posts
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition, managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair trading below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: a key level at 1.2165 (resistance), the 200-day moving average at 1.2047 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1870 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and other daily support at 1.1753.

"I trade to make money not to be right."
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