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EUR/USD
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honeill

Member Since Apr 08, 2014  1046 posts Hugo O'Neill (honeill) Nov 29 2016 at 10:04
Yesterday the EURUSD tried to rally but found enough resistance at 1.0666 Fibonacci extension to reverse although closed slightly in the green, in the middle of the daily range, creating a doji pattern. In addition the pair closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair closed above the 10-day moving average that should act as a dynamic support but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0597 (support) and the all-time low at 1.0462.

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

Member Since Jul 10, 2014  1038 posts victoriajensen Nov 29 2016 at 13:51
EUR/USD is back to testing the support at 1.0580 - 1.0560. The pair is very undecided at the moment, we'll likely have to wait for the fundamentals this week to give it a direction.

FXWES

Member Since May 01, 2015  675 posts FXWES Nov 30 2016 at 06:34
The single currency marked an increase against the US dollar on Tuesday. The session started at 1.0612 and closed 36 pips higher. In the short-term the outlook remains neutral. A break of the range to the downside and a test of 1.0550 is more likely scenario, given the long-term downtrend. Support is seen at 1.0550 and resistance is located at 1.0815, 1.0980 and 1.1160.

rosentray

Member Since Feb 24, 2016  277 posts rosentray Nov 30 2016 at 07:22
EUR/USD is trading slightly higher in today's session. The pair is back above the 1.06 mark and it looks it is caught in a range between 1.0660 and 1.0550.

honeill

Member Since Apr 08, 2014  1046 posts Hugo O'Neill (honeill) Nov 30 2016 at 09:22
Yesterday the EURUSD initially fell but found enough buying pressure at 1.0563 Monday low to trim all its loses and closed near the high of the day, although the pair closed within Monday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair continues to trade above the 10-day moving average is acting as a dynamic support but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0599 (support) and the all-time low at 1.0462.

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

Member Since Apr 09, 2016  421 posts idimitrov Nov 30 2016 at 12:53
Euro / dollar attempted to push lower yesterday, bottomed at 1.0564 but closed higher at 1.0648 and hit 1.0660 earlier today. Trade signals are neutrals in the near future, perhaps with slight bullish signal to test 1.0700. A clear break and daily close above this level may lead to further upward pressure to test 1.0800 / 50. The nearest support is around 1.0620. A clear break below it can cause pressure down to test 1.0565. The fundamental outlook remains neutral.

victoriajensen

Member Since Jul 10, 2014  1038 posts victoriajensen Nov 30 2016 at 12:56 (edited Nov 30 2016 at 13:10 )
EUR/USD has been caught in a very tight range between 1.0620 and 1.0660 for the past twenty-four hours and it may continue until the US Change in the Non-Farm Payrolls is announced on Friday.

rosentray

Member Since Feb 24, 2016  277 posts rosentray Nov 30 2016 at 17:07
Better than expected US data pushed the price of the EUR/USD below 1.06 again earlier today. The pair is now 1.0580 and it looks like bears are again taking control over the trend.

snapdragon1970

Member Since Sep 12, 2015  1843 posts kieran (snapdragon1970) Nov 30 2016 at 17:22
rosentray posted:
Better than expected US data pushed the price of the EUR/USD below 1.06 again earlier today. The pair is now 1.0580 and it looks like bears are again taking control over the trend.

Opec meeting was today which added to the push.

"Mistakes are the portals of discovery",James Joyce.
idimitrov

Member Since Apr 09, 2016  421 posts idimitrov Dec 01 2016 at 07:00
The euro was down against the US Dollar on Wednesday. By the close of US trading EUR / USD was trading at 1.0589, shedding 0.57%. I believe that the support is now located at the level of 1.0535, Friday's low, and resistance is likely at the level of 1.0686 - Monday's high.

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