EUR/USD is slightly up today, but yet the short term outlook remains neutral.
Nov 03 2017 at 01:21
The EURUSD is consolidating below the 1.1700 level, but it may try to break below the 1.1600 level if the US jobs report is robust. The pair may fall to the 1.1500 level, around the 200 day EMA.
After hitting the weekly high yesterday at 1.1687, EUR/USD is consolidation this morning. All eyes on NFP later on today.
Nov 03 2017 at 11:00
On yesterday session, the EURUSD initially rallied with a wide range but found enough resistance near the 10-day moving average to trim some of its gains and closed in the middle of the daily range, in addition the currency pair managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1665 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1665 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
"I trade to make money not to be right."
Nov 03 2017 at 16:41
Although the fundamentals caused a large move to the downside today EUR/USD continues consolidating sideways because there was no breakout below the support at 1.1575 and such a breakout likely won't occur before next week.
Nov 03 2017 at 16:54
The dollar went up despite the lower than expected Jobs report. Probably it will go below 1.15 next week.
Positivity
Nov 03 2017 at 17:28
16 looks like it is holding for now,with a tight stop its a reasonable entry for a quick Long.
"They mistook leverage with genius".
The euro / dollar had a moderate ascending momentum yesterday, forming a peak at 1.1687. The views are bullish for testing at 1.1725 / 50. But the longer the price stays below 1.1900, the downward reversal scenario of the head and shoulders remains intact and any upward pressure should be seen as a good sales opportunity. Immediate support is 1.1625. A clear breakthrough below this level may take the price to a neutral zone with testing at the 1.1575 level. A clear breakthrough and daily / weekly closure below will open the doors in front of the bear to 1.1450.
The euro rose against the US dollar on Friday morning. During Asian trading, EUR / USD was trading at 1.1661, gaining 0.03%. I believe that support is now at 1.1594, Monday's low, and resistance is likely at 1.1687, Thursday's high.
The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD is trading at 1,1605, losing 0.45%. I believe that support is now at 1.1594, Monday's low, and resistance is likely at 1.1690, the high of Friday's trading.
EUR/USD edged the week flat around 1.16. Indicators are showing breaish signs, so the upcoming week will srart with testing the first support at 1.1574.
On Friday, the rate of the US dollar went to growth after the release of reports on the volume of industrial orders in the US and business activity in the services sector, which made investors forget about the weaker earnings report in the United States than in the forecast.
At the end of trading on Friday, the euro was down against the dollar. The EUR / USD slipped 0.45% to hit 1,1605.
Next week, investors will continue to monitor progress in US tax reform, but from the standpoint of economic reports, this will be a relatively quiet week.
At the end of trading on Friday, the euro was down against the dollar. The EUR / USD slipped 0.45% to hit 1,1605.
Next week, investors will continue to monitor progress in US tax reform, but from the standpoint of economic reports, this will be a relatively quiet week.
While Eur/Usd remains bearish, short term looks neutral and lack of directional strength. Immediate support level can be found around 1.5720, further decline if the pair break below it.
Nov 06 2017 at 09:39
On the last Friday’s session the EURUSD initially tried to rally but found enough resistance at 1.1684 to reverse and closed near the low of the day, in addition the currency pair managed to close below Thursday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1623 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1623 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
"I trade to make money not to be right."
EUR/USD is hovering around 1.16 amid the broad US dollar’s weakness and unstable signle currency despite firm local data. Yet the risk to the downside remains with immediate support at 1.1574.
Nov 06 2017 at 17:23
Oil reaching a sell off point around 58, just peaked at 57.30 ish
"They mistook leverage with genius".
Nov 06 2017 at 18:04
EUR/USD bounced off from 1.1579 and it formed a double bottom around that level visible on the four-hour time-frame. There will likely be a new move to the upside towards 1.1670.
Nov 07 2017 at 11:36
On yesterday session, the EURUSD initially fell with a narrow range but found enough support near 1.1593 to trim some of its losses and closed near the high of the day, however the currency pair managed to close within Friday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1616 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1616 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
"I trade to make money not to be right."
EURUSD - USD is rising slowly and I am expecting that tendency to continue further during next days. There is H&S confirmed formation on D1 and outside bar rejecting neckline after pullback and break below the outside bar :)
Perhaps the price will test 1.1450/60 during the next few days :)
Perhaps the price will test 1.1450/60 during the next few days :)
