EUR/USD

We could reach 1.0750 today easily if NFP is High

Watch for spikes in both directions around key levels,saddle trades watch out.

'The following are the expectations for today's NFP data as provided by the economists at 12 major banks along with some thoughts on the US unemployment rate into the event as provided by the FX strategists at these banks. Surprisingly, all 12 banks see NFP to post strong number in October with unemployment rate set to fall further southwards.'

This says asomething

The pair is trading quietly around 1.087 zone ahead of NFP, we should expect volatility after NFP release.

The NFP finally pushed the pair below 1.0800. I think we can expect EUR/USD to keep falling at least until it reaches the previous lows at 1.0520 and 1.0462.

victoriajensen posted:
 The NFP finally pushed the pair below 1.0800. I think we can expect EUR/USD to keep falling at least until it reaches the previous lows at 1.0520 and 1.0462.

You always have the best view of all so I will trust you on this one

is it possible that it go upp to 1.08190 befor it turn ?

EUR/USD is dropping again, breaking the low of July 1.0810 next level is low of April at 1.0665.

The EUR/USD rebound from the support level at 1.0710 after the NFP. But next week we will have another story to follow up.

csc2009 posted:
The pair is trading quietly around 1.087 zone ahead of NFP, we should expect volatility after NFP release.

You posted this after the release, why? What is the point?

Long way downnn

tommy2308 posted:

victoriajensen posted:
 The NFP finally pushed the pair below 1.0800. I think we can expect EUR/USD to keep falling at least until it reaches the previous lows at 1.0520 and 1.0462.

You always have the best view of all so I will trust you on this one

Thank you, I am glad if I can be of any help.
That said, trust first and foremost your own opinion.

Big drop on the EURUSD and more drops may continue during the upcoming week, but some pullbacks may show up on the way down.

On Friday session the EURUSD plunged with a wide range and closed well in the red near the low of the day.

The pair breached below a daily support signaling that the bears are in control and the price may continue the downward trend although we may see a pullback before another push downward.

The key levels to watch are the 1.0900 (Resistance), the 10-day moving average at 1.0898 (resistance) 1.0819 (support), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

Euro registered fifth negative against the dollar on Friday and thus the price reached six-month low. The single currency depreciated by 140 pips to 1.0743 after the good data on the labor market in the US dollar supported and strengthened speculation about raising interest rates in December. EUR/ USD found support at 1.0708, but the outlook remains negative. Possible correction of the downward trend in the short term may resume bears interest.

Possible rate cut by ECB in December, that can drop the pair even lower this same week

The likelihood of the Fed will raise interest rates in December is the main source of downside pressure on Eur/Usd. Break below 1.0706, would wide open the door to the next psychological level at 1.06.

For now we're seeing some retracement for EUR/USD which is normal after the incredible drop last week. The pair has currently found some resistance at 1.0780 but if it breaks above that level it will probably reach 1.0820.

Lazy Monday for the EUR/USD today, I think that i will wait the US retail Sales this Friday.