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EUR/USD
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honeill

Member Since Apr 08, 2014  1048 posts Hugo O'Neill (honeill) Nov 18 2016 at 07:32
Yesterday the EURUSD tried to rally but found enough resistance to turn around and closed near the low of the day, in addition the pair managed to close below the previous day low, which suggests a strong bearish momentum.

The pair is trading well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.

The key levels to watch are: the 10-day moving average at 1.0834 (resistance), a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance) and a daily support at 1.0622 and the all-time low at 1.0462.

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

Member Since May 01, 2015  675 posts FXWES Nov 18 2016 at 07:55
The EUR/USD continues to slide downwards as Yellen’s comments and the positive macro data from USA supported the dollar’s strength. The pair remains under the sloping to downwards moving averages with RSI at negative territory. The intraday resistances are placed at 1.0660, 1.0820 and higher at 1.0945. Support is seen at 1.0580, 1.0520 and 1.0460.

rosentray

Member Since Feb 24, 2016  277 posts rosentray Nov 18 2016 at 14:02
EUR/USD at 11-month low today. The pair reached as low as 1.0581 and is now trading around 1.06 which acts as strong support.

arigoldman

Member Since Oct 02, 2014  832 posts Ari Goldman (arigoldman) Nov 20 2016 at 06:51
Expecting more to the downside.

Positivity
Jonny440

Member Since Feb 01, 2016  6 posts Jon Briggs (Jonny440) Nov 20 2016 at 08:40
Anyone betting the farm on EUR/USD slide into deep? Input welcomed. Cheers!

jonbriggs39@
csc2009

Member Since Apr 09, 2014  834 posts csc2009 Nov 20 2016 at 22:48
arigoldman posted:
Expecting more to the downside.


I agree, no sign of seeing bottom yet, immediate support can be found around 1.0560 level break below lead further downward extension.

csc2009

Member Since Apr 09, 2014  834 posts csc2009 Nov 20 2016 at 22:50
The pair seems drop too fast, I would expect a slight recovery in Eur/Usd next week beford testing parity.

johnnapiranha

Member Since Jun 28, 2015  10 posts johnnapiranha Nov 21 2016 at 07:26
Jonny440 posted:
Anyone betting the farm on EUR/USD slide into deep? Input welcomed. Cheers!


EUR/USD slides much deeper, I may lose the farm. I'd suggest we throw another Farm-Aid if it'd bring a modest rally. my only hope is that the $ goes into a turkey induced coma soon.

Cut it while it's hot.
rosentray

Member Since Feb 24, 2016  277 posts rosentray Nov 21 2016 at 07:56
EUR/USD is now more stabilized trading at 1.0630 as market participants are calmer. Uncertainty is still huge and anything can happen. The USD Index hit a 13.5 year high at 101.27.

honeill

Member Since Apr 08, 2014  1048 posts Hugo O'Neill (honeill) Nov 21 2016 at 08:36
On the last Friday’s session the EURUSD fell again but this time with a narrow range and closed near the low of the day, also managed to close below Thursday’s low, which suggests a strong bearish momentum.

The pair is trading well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0819 (resistance), the 10-day moving average at 1.0787 (resistance), a Fibonacci extension at 1.0666 (resistance) and a daily resistance at 1.0622 and the all-time low at 1.0462.

"I trade to make money not to be right." |
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Producer Price Index (YoY) (23 min)
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EURUSD 1.14187 GBPUSD 1.27423
USDJPY 110.634 USDCAD 1.3065

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