Euro has started to fall now and I can see this going all the way down. At least to the support at 1.1530 but if there is a break of that then we could get a really big move down to 1.13. I will be selling pull backs
EUR/USD had a bearish momentum last week, making the bottom at 1.1569. The downward rally was triggered by the bearish pin bar at the daily EMA 200, formed on September 24, but stopped at the trendline. The outlook is descending to test 1.1530 in a near perspective. A clear breakthrough and daily closure below this zone could open the doors to 1.1430 before the target in the 1.1300 area this week. The first resistance is 1.1650, whose breakthrough may interrupt the bear phase. But the longer the couple stays below 1.1725, I prefer the bearish scenario.
Oct 02 2018 at 10:01
On yesterday session, the EURUSD tried to rise with a narrow range but found enough selling pressure near 1.1625 to erase all of its gains and closed near the low of the day, however, closed within Friday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1667 (resistance), the 50-day moving average at 1.1592 (resistance), a daily support at 1.1555 and other daily support at 1.1459.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1667 (resistance), the 50-day moving average at 1.1592 (resistance), a daily support at 1.1555 and other daily support at 1.1459.
"I trade to make money not to be right." |
Oct 02 2018 at 12:24
The Euro dipped a lot today. I'd be looking to go long at 1.14-1.1390.
Positivity
Oct 02 2018 at 12:46
No upwards movement so far today and not even pausing at resistance levels. I can see a break below 1.15 later today. If there is any kind of short term reversal upwards then a I will be going short
Oct 02 2018 at 14:35
Making some progress to the upside,Long off 15200,stop at 15100
"They mistook leverage with genius".
Oct 02 2018 at 14:57
Euro/usd found support at 1.1500.
Oct 02 2018 at 15:06
15700 next stop for support area to carry higher or shorts will pile in again to take us lower.
"They mistook leverage with genius".
Oct 02 2018 at 15:11
Hawkish talk from Villeroy ,the question is how long will it last is anyone's guess.
"They mistook leverage with genius".
Oct 03 2018 at 10:01
On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure near 1.1505 to trim some of its losses and closed in the middle of the daily range, in addition, managed to close below Mondays’ low, which suggests a bearish momentum.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1653 (resistance), the 50-day moving average at 1.1593 (resistance), a daily support at 1.1555 and other daily support at 1.1459.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1653 (resistance), the 50-day moving average at 1.1593 (resistance), a daily support at 1.1555 and other daily support at 1.1459.
"I trade to make money not to be right." |
