EUR/USD

any one using EA for eurousd trading??
please reply..

EURUSD pair fell hard during the session on Friday, breaking down below the 1.24 level. Looks like the bears are in complete control and the pair should continue to move lower. We have a longer-term support of 1.2050, so selling the rallies between here and there will offer some risk/reward opportunities.

Despite the significant pullback we saw after the drop last week, I think that the bears are in control again and the downward trend will continue with likely target 1.2200.

I agree with you and will keep an eye on it. thank you.

I don't think the price will move much this week. today was a boring day with no significant entry points.

EUR / USD took off last Friday over the level of 1.2400.
This morning started in view of the resistance of 1.2535.
The outlook remains negative.
The level of momentum and RSI showed strength as the daily MACD remains below its zero line and signal.
There is a positive divergence between both oscillators and price action, which favors a correction.
R3 - 1.25722
R2 - 1.25406
R1 - 1.24816
Daily Pivot - 1.24500
S1 - 1.23910
S2 - 1.23594
S3 - 1.23004

sherifFares posted:
I don't think the price will move much this week. today was a boring day with no significant entry points.

I agree, fundamentally today is quiet, but the market still looking favorable for the bears.

sherifFares posted:
I don't think the price will move much this week. today was a boring day with no significant entry points.

Let's see, today we have a light economic calendar day again.

takechance posted:
In a downtrend the Eur is now approaching a crucial fibo level of 1.2490. Could be a good shorting opportunity with stop at 1.2580.

The short trade from 1.2490 nicely making some profits.......target can be at 1.2360 which we should see in a day or two.

Lower lows and lower highs are keeping the downtrend alive for the EURUSD, though larger swings on the hourly charts indicate momentum is slowing above 1.2360. We remain bearish on the pair though traditionally strong US stock performance has led to Euro gains, and with the stocks rallying this could put some pressure on USD bulls.

Very successful analysis, thank you.

The market seems relatively quiet today and EUR/USD is slowly crawling on its way down, although I think that for the moment that is just part of the correction. Once it breaks below the support at 1.2360 it will likely continue falling at least until it reaches 1.2200.

I agree with you victoriajensen, it does seem quiet today, I think as long as eur/usd is trading below 1.2450 bearish trends would continue.

EUR / USD dropped to touch the moving average of 50 periods.
The RSI does not crossed the 50 line and the MACD is already in negative territory for almost crossing the signal line.
Evident on the daily chart are the minimum and maximum decreasing and below the moving averages of 50 and 200 days.
R3 - 1.25697
R2 - 1.25393
R1 - 1.24791
Daily Pivot - 1.24487
S1 - 1.23885
S2 - 1.23581
S3 - 1.22979

It looks like could be another sell opportunity.

Bearish momentum drops, EURUSD moved in a tight range under 1.2500 yesterday, creating a sideways consolidation pattern. I still remain bearish on the Euro and bullish on the USD, though oversold conditions and a relatively light news week up until Friday could keep us from seeing another major move downward (and possibly even mild upward correction). A sustained break below 1.2400 is needed to increase bearish momentum once again.

It looks like range continues for EUR/USD. The market seems to be exceedingly calm today. I took a look at the economic callendar and it appears that it will stay that way at least until Friday.

Price seems to rebound every time it touches 1.2500 I think it's a good entry point for a sell position.

Yes of course, i agree with you on this point sherifares.
And God luck