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FXWES
Jan 25 2016 at 10:22
posts 675
The euro recorded a losing session against the dollar on Friday. The single currency ended the week at lower levels, bringing the pair close to the support at 1.0769. If the negative momentum continues, the key level will be overcome and the new goal of currencies will be the second support at 1.0707. Session on Friday started at a price of 1.0872 as the bear trend was leading from the start and dominated throughout. Bottom of the day was hit at 1.0789 and the finish line was crossed only 6 pips higher.

deresel
Jan 25 2016 at 11:33
posts 708
EUR/USD is still in a sideways range, trade within the Bollinger bands. The next support is seen on 1.0800. Resistance - 1.0900.

csc2009
Jan 25 2016 at 11:34
posts 834
Eur/Usd is back to it's range between 1.0800 to 1.0900 and bouncing off 1.0810/40 zone. There are probably no change in ranging for the week.

csc2009
Jan 25 2016 at 11:41
posts 834
Eur/Usd is back to it's range between 1.0800 to 1.0900 and bouncing off 1.0810/40 zone. There are probably no change in ranging for the week.

kieran (snapdragon1970)
Jan 25 2016 at 14:28
posts 1945
Gold futures are up,putting some pressure on the dollar today.

"They mistook leverage with genius".
victoriajensen
Jan 25 2016 at 17:44
posts 1117
csc2009 posted:
Eur/Usd is back to it's range between 1.0800 to 1.0900 and bouncing off 1.0810/40 zone. There are probably no change in ranging for the week.


 Range is becoming tighter and tighter, it has to end sooner or later and when it does we can likely expect a big move to the downside.

sherifFares
Jan 25 2016 at 19:04
posts 454
EUR/USD failed to break 1.0800 last week and close under and price rebounded back from the support levels today, I think we might go back to the sideways trading again.

Abdul2012
Jan 25 2016 at 19:27
posts 413
The economic calendar this week has some high volatility expected for the USD, which will move the EUR/USD out of it is tight zone.

FXWES
Jan 26 2016 at 09:10
posts 675
The single currency registered an increase against the dollar on Monday. The euro break two-day losing streak and marked gains. So break of support at 1.0769 was postponed and short-term expectations remain in favor of the euro. In this case, the pair is likely to make a test of resistance at 1.0917. Monday session started at a price of 1.0790, as a bullish trend was leading all the time. Tip of the day was reached at 1.0856, and session closed with 8 pips below.

Hugo ONeill (honeill)
Jan 26 2016 at 09:23
posts 1141
On yesterday session the EURUSD rallied and closed well in the green, near the high of the day, in addition closed within the previous day range, suggesting a weak bullish momentum.

The pair failed to close above the 10 and the 50-day moving averages that now are acting as a dynamic resistance.

The key levels to watch are: The previous swing high at 1.0975 (resistance), 10-day moving average at 1.0866 (resistance), the 50-day moving average at 1.0863 (resistance) and a swing low at 1.0712 (Support).

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