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EUR/USD
Mitglied seit Jul 10, 2014
1117 Posts
Nov 20, 2015 at 18:45
Mitglied seit Jul 10, 2014
1117 Posts
I doubt the pair will succeed in breaking below the last low at 1.0616 before the market closes today but next week it probably will and we will see a further move to the downside towards 1.0520.
Mitglied seit Oct 11, 2013
775 Posts
Nov 23, 2015 at 08:07
Mitglied seit May 01, 2015
675 Posts
The euro recorded a decline against the dollar on Friday. The single currency completely lost the lead from the previous session and thus the pair moved to the support at 1.0613. Considering that short-term indicators are still in favor of the dollar, the probability to break the key level remains high. The session on Friday started at 1.0732 as from the beginning the bearish trend was leading . Bottom of the day was hit at 1.0640, and the session ended with only 4 pips higher.
Mitglied seit Apr 08, 2014
1141 Posts
Nov 23, 2015 at 08:31
Mitglied seit Apr 08, 2014
1141 Posts
On Friday session the EURUSD plunged with a narrow range and closed in the red near the low of the day.
The pair failed for the 2nd time to close above the 10-day moving average and continues to consolidate in a tight range from 1.0620 up to 1.0755. A close outside these ranges would suggest the beginning of a new trend.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0695 (resistance), 1.0622 (Support), and 1.0462 (support).
The pair failed for the 2nd time to close above the 10-day moving average and continues to consolidate in a tight range from 1.0620 up to 1.0755. A close outside these ranges would suggest the beginning of a new trend.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0695 (resistance), 1.0622 (Support), and 1.0462 (support).
"I trade to make money not to be right."
Mitglied seit Jun 08, 2014
454 Posts
Mitglied seit Jul 10, 2014
1117 Posts
Nov 23, 2015 at 18:52
Mitglied seit Jul 10, 2014
1117 Posts
The break below 1.0600 so far isn't confirmed, but I have little doubt that the pair will soon reach 1.0519 and will probably fall much lower than that.
Mitglied seit Oct 11, 2013
775 Posts
Mitglied seit Sep 12, 2015
1948 Posts
Nov 24, 2015 at 07:18
Mitglied seit Sep 12, 2015
1948 Posts
Further downside on the longer time frames 4 hour and one hour.
"They mistook leverage with genius".
Mitglied seit Sep 12, 2015
1948 Posts
Nov 24, 2015 at 07:29
Mitglied seit Sep 12, 2015
1948 Posts
We got a nice spike down today,through the 10600 level,bought in @ 10599,nice up trend to 10630
"They mistook leverage with genius".
Mitglied seit Apr 08, 2014
1141 Posts
Nov 24, 2015 at 10:10
Mitglied seit Apr 08, 2014
1141 Posts
Yesterday the EURUSD initially fell but found enough support at 1.0622 to turn around although closed in the red but near the high of the day, suggesting a pullback for today.
The 10-day moving average continues to push the currency down acting as a strong resistance.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0679 (resistance), 1.0622 (Support), and 1.0462 (support).
The 10-day moving average continues to push the currency down acting as a strong resistance.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0679 (resistance), 1.0622 (Support), and 1.0462 (support).
"I trade to make money not to be right."
Nov 24, 2015 at 10:29
Mitglied seit May 01, 2015
675 Posts
The single currency recorded a dynamic session against the dollar on Monday. The pair remained at the lower levels reached last week, but thanks to volatile trading all the time, support at 1.0613 was broken. Currencies, however finished above the key level and short-term expectations are in favor of the euro. Monday session started at a price of 1.0638 finished 3 pips below. The difference between the lowest and highest value for the day was 63 pips.
Mitglied seit Jun 08, 2014
454 Posts
Nov 24, 2015 at 15:18
Mitglied seit Apr 09, 2014
834 Posts
sherifFares posted:
Yesterday on daily chart market made a doji, today EUR/USD is trading around the opening price most probably a second Doji is going to be formed. the market is waiting for the FED meeting before any big movement.
I agree, the pair is back to range between 1.0620-1.0690 before the next big change.
Mitglied seit Jul 10, 2014
1117 Posts
Nov 24, 2015 at 18:23
Mitglied seit Jul 10, 2014
1117 Posts
A doji like this might be a signal for a bigger move to the upside, with target around the resistance at 1.0790 - 1.0800. That doesn't necessarily mean that the bearish trend is over, of course.
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