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EUR/USD
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victoriajensen

Member Since Jul 10, 2014  1081 posts victoriajensen Feb 10 2017 at 15:02
EUR/USD has almost reached 1.0600. While it is possible for it to bounce off from that level, a breakout below it would probably lead to a further drop towards 1.0540 - 1.0530.

rosentray

Member Since Feb 24, 2016  277 posts rosentray Feb 12 2017 at 20:19
EUR/USD's next week should be interesting!

csc2009

Member Since Apr 09, 2014  834 posts csc2009 Feb 12 2017 at 23:07
After President Trump's 'phenomenal' tax reform promise supporting dollar strength, the pair take turn to the downside, immediate support zone around 1.0620/00.

csc2009

Member Since Apr 09, 2014  834 posts csc2009 Feb 12 2017 at 23:07
rosentray posted:
EUR/USD's next week should be interesting!


There are no important data scheduled next week in Europe and US, focus stay on political headlines, another word: ''Trump''.

snapdragon1970

Member Since Sep 12, 2015  1857 posts kieran (snapdragon1970) Feb 13 2017 at 00:04
Who knows what he will tweet this week, I think the plan is to make the dollar cheaper and lower Tax for business, re word immigration plan.

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

Member Since May 01, 2015  675 posts FXWES Feb 13 2017 at 07:12
The EUR/USD pair closer lower last week in correction mode. In case of continuation of the downwad trend, we may expect break of the support line at 1.0550.

kmmafzal

Member Since Feb 09, 2017  1 posts kmmafzal Feb 13 2017 at 07:19
600 is a resistance, may go down tk 550 but my sentiments are up till 780

Kmnafzal@
FXWES

Member Since May 01, 2015  675 posts FXWES Feb 13 2017 at 07:45
The EUR/USD pair closer lower last week in correction mode. In case of continuation of the downwad trend, we may expect break of the support line at 1.0550.

honeill

Member Since Apr 08, 2014  1080 posts Hugo O'Neill (honeill) Feb 13 2017 at 09:27
On the last Friday’s session the EURUSD initially fell but found enough buying pressure around the 50-day moving average to trim some of its losses and closed in the middle of the daily range, although the currency pair managed to close below Thursday’s range, which suggests a bearish momentum.

The currency pair is trading above the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0730 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0598 (support) and a daily support at 1.0462.

"I trade to make money not to be right." |
MC85

Member Since Jul 09, 2015  48 posts MC85 Feb 13 2017 at 09:30
The pair starts this week in a bullish sentiment breaking initial resistance at 1.0640, however MACD and RSI indicate still a bearish overall trend. I would also watch for a support at 1.0620 and a major resistance at 1.0670.

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Budget Fulfilment (56 min)
GBP/USD fills weekly bearish gap, jumps ...(7 min ago)
EURUSD 1.15959 GBPUSD 1.3174
USDJPY 111.728 USDCAD 1.30159

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