EUR/USD

EUR/USD is trading unchanged at the moment at 1.1112. The price skyrocketed to a high of 1.13 when the initial results predicted a Trump victory. Now that he is President-elect markets have digested the news and price is back to normal. A classic buy the rumor, sell the fact scenario.

Yesterday the EURUSD fell with a narrow range and closed near the low of the day, in addition the pair managed to close below previous day low, which suggests a strong bearish momentum.

The pair closed below the 10, 50 and the 200-day moving average that should act as dynamic resistances.

The key levels to watch are: the 200-day moving average at 1.1195 (resistance), a Fibonacci retracement at 1.1181 (resistance), the 50-day moving average at 1.1097 (resistance), a daily support at 1.1097 and the 10-day moving average at 1.1047 (support).

The election results caused a massive whipsaw on the EUR/USD pair. I expected the sharp move to the upside, but not so much the quick retracement. Either way, the pair is back under 1.1100 for now.

rap17 posted:
when is the euro mean to start going back up plz???

After Trump loses after his term :)

Trump is winning the US elections and the dollar seems to be getting weaker. Definite bearish movement. It's heading down but I expect to become stable at around 1.098.

It seems FX and stock markets are in shock of the results. No one could be certain where the price will go in all related pairs...

love2trade posted:

rap17 posted:
when is the euro mean to start going back up plz???

After Trump loses after his term :)

That's quite a long time! 😉

EURUSD is going up and down today and this may continue until the end of the week. I expect it to move in the range between 1.1200 and 1.0900. I would wait for a week to identify a strong trend.

Eur/Usd could retrace to 8500 or deeper, the market opens in 6 mins .

The euro marked negative session against the US dollar on Wednesday. After a volatile session the pair lost 116 pips and closed at 1.0908. The pair broke the first resistance at 1.1160 and bounced back from the second resistance at 1.1286. Later the direction reversed and the euro broke both supports located at 1.1160 and 1.0980. If the downward trend continues, next target is seen at 1.0815.

On Wednesday, the dollar strengthend growth relative to other currencies as the US currency recovered from losses incurred on the background of the shocking news of the victory of Donald Trump in the presidential elections in the United States. The EUR/USD is now trading at 1.0939, down by 0.83%, falling from a two-month high at 1.1300.

Yesterday the EURUSD tried to rally but found enough resistance at 50% Fibonacci retracement to reverse and closed near the low of the day, in addition the pair managed to close below previous day low, which suggests a strong bearish momentum.

The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.

The key levels to watch are: Daily resistance at 1.1097, the 50-day moving average at 1.1090 (resistance), the 10-day moving average at 1.1041 (resistance), a daily support at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).

EUR/USD continued moving to the downside and today it broke below 1.0900. The pair will likely continue dropping and its next target is probably at 1.0850, which is the previous low.

Its moving in a 500 point range waiting to break out ,looks like to the downside.

EURUSD broke the 1.098 support level and is heading further down. I expect this to change and the price to bounce back up to 1.1050 by the end of the week.

EUR/USD kept depreciating today after yesterday's Election took the price below 1.10. The pair is now trading at 1.0894 as the USD is getting stronger by the day.

The single currency recorded a modest decline against the US dollar on Thursday. The pair lost 19 pips to closing price of 1.0890. In the short-term the outlook remains bearsih, as the pair extends its decline below the moving averages. Technical indicator are showing oversold conditions. Support is seen at 1.0815 and resistance is placed at 1.0980 next at 1.1160.

Yesterday the EURUSD went back and forward without any clear direction although in the end managed to close in the red, near the low of the day, in addition the pair closed below previous day low, which suggests a strong bearish momentum.

The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.

The key levels to watch are: The 50-day moving average at 1.1084 (resistance), the 10-day moving average at 1.1032 (resistance), a daily resistance at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).

The euro rose against the dollar on Friday. By the end of the Asian session, EUR/USD was trading at 1.0911, gaining 0.14%. I believe that the support is now located at the level of 1.0862, the low of Thursday, and resistance is likely at the level of 1.1300 - the maximum of Wednesday.