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EUR/USD
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rosentray

Member Since Feb 24, 2016  277 posts rosentray Dec 19 2016 at 05:36
EUR/USD is trading somehow lower in the early opening hours of the week. The pair is now 1.0459 up from 1.0366. Main trend remains bearish as the pair broke the support level at 1.04. The break suggest that a move down is likely which hints to a probable parity in 2017.

honeill

Member Since Apr 08, 2014  1086 posts Hugo O'Neill (honeill) Dec 19 2016 at 09:52
On the last Friday’s session the EURUSD rose with a narrow range and closed near the high of the day, although the currency pair closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0586 (resistance), a daily resistance at 1.0462 and the new multiyear low at 1.0366 (support).

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

Member Since Jul 10, 2014  1087 posts victoriajensen Dec 19 2016 at 13:44
EUR/USD is still very bearish and it has almost reached the support at 1.0400 again. A breakout below that level will likely lead to a further move to the downside towards the previous low at 1.0366.

MC85

Member Since Jul 09, 2015  48 posts MC85 Dec 19 2016 at 14:57
Fed Yellen's speech today could move the market outside this current range. If it break the 1.0366 level, we may well see a strong movement towards parity between the euro and the dollar in the next weeks.

rosentray

Member Since Feb 24, 2016  277 posts rosentray Dec 20 2016 at 04:48
EUR/USD is trading with little to no change in today's opening hours. The pair is now 1.0404, down from today's high of 1.0479. If we break below 1.04 again then bears might have the upper hand and we could see parity in the near future. First support is seen at last low at 1.0366.

FXWES

Member Since May 01, 2015  675 posts FXWES Dec 20 2016 at 07:52
The EUR/USD pair started the new week with resuming the downward slide. Yesterday the pair closed at 1.0401. The positive data on the business climate in Germany, provided by Ifo, failed to support the single currency. Technically bears continue to dominate and 1.0365 is the immediate goal.

paidsignal

Member Since Jul 12, 2016  71 posts paidsignal Dec 20 2016 at 07:57
The EURUSD attempted to push higher yesterday topped at 1.0479 but closed lower at 1.0402. The bias is neutral in nearest term probably with a little bearish bias testing 1.0350/00 area. Immediate resistance is seen around 1.0450 followed by 1.0500. As long as stay below 1.0500 I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
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agnelmoses

Member Since Dec 20, 2016  2 posts agnelmoses Dec 20 2016 at 08:04
this pair is heading towards 1.0150 (next support level in week chart)

honeill

Member Since Apr 08, 2014  1086 posts Hugo O'Neill (honeill) Dec 20 2016 at 09:14
Yesterday, the EURUSD initially tried to rally but found enough resistance at 1.0462 to give back all its gains to the market and closed near the low of the day, although the currency pair closed within Friday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0523 (resistance), a daily resistance at 1.0462 and the new multiyear low at 1.0366 (support).

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

Member Since Apr 17, 2015  64 posts Raj (RPatell) Dec 20 2016 at 12:27
The pair is heading down fast and I expect it can well break the 1.0350 level reaching new all time lows. Fast short positions could be beneficial.

Knowledge is king!
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EURUSD 1.14615 GBPUSD 1.29778
USDJPY 112.148 USDCAD 1.31054

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