EUR/USD

Yesterday the EURUSD rose with a narrow range and closed in the red in the green near the high of the day.

Yesterday the pair touched the Fibonacci extension at 1.0703 but without any follow thru suggesting a continuation of the consolidation mode.

The key levels to watch are the 1.0900 (Resistance), the 10-day moving average at 1.0813 (resistance) 1.0819 (support), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

Eur will continue to fall till closing week my advice is buying at 1.08430 happy trading

Looks at a consolidation right now.

Despite Draghi hinted that the ECB could take further easing measures in December has put downward pressure on the currency, Eur/Usd once again failed attempt to break below 1.0700 level.

lengkai posted:
The chart just formed inverse head and shoulder on the H4 chart, attempting to break the neck line now. Could it be a breakout?

Break out on H4 chart is accurate.

csc2009 posted:
Despite Draghi hinted that the ECB could take further easing measures in December has put downward pressure on the currency, Eur/Usd once again failed attempt to break below 1.0700 level.

Not only did the pair fail to break below 1.0700 but it bounced off the support and reached 1.0807 breaking above the resistance at 1.0780. It's possible it will continue climbing until it reaches the next resistance at 1.0910.

The EUR/USD moving on a daily basis between 1.0800 and 1.0700, but i see that the U.S. Retail Sales will pull the pair again to test the 1.0730 support level.

Strong resistance at the 1.0800 level for the EURUSD, but it could break it at any moment. It just needs another fundamental reason to do it. But if the fundamentals from the US come out better than expected, then the pair may come back to the 1.0700 and even try to break it to the downside.

victoriajensen posted:

csc2009 posted:
Despite Draghi hinted that the ECB could take further easing measures in December has put downward pressure on the currency, Eur/Usd once again failed attempt to break below 1.0700 level.

Not only did the pair fail to break below 1.0700 but it bounced off the support and reached 1.0807 breaking above the resistance at 1.0780. It's possible it will continue climbing until it reaches the next resistance at 1.0910.

I agree with you, but still there is another resistance level 1.0860 which will not be easy to break I will put my entry level above this level.

The single currency recovered significant positions during yesterday's session and is on way to record a first positive week from the last five. The euro rose by nearly 70 pips to a closing price of 1.0812. The extreme values for the session were recorded at 1.0826 and 1.0691. EUR/USD finally overcame the psychological barrier at 1.0800, as the relative strength index continued to gain positions crossing to positive territory.

Hm.. Thank you. I would like to test this forecast. 😀

Yesterday the EURUSD initially fell testing for the 4th time the Fibonacci extension at 1.0703 but quickly recovered and closed in the green near the high of the day, shy below of the 10-day moving average.

The key levels to watch are the 1.0900 (Resistance), 1.0819 (resistance), the 10-day moving average at 1.0797 (resistance), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

EUR/USD rebounded again to under 1.08 levels EUR/USD can possibly continue dropping but first price need to close under support level 1.0725 which is lowest price since mid April.

1.0708 was a strong support level last week, I think that it will be the key level in the next week for the EUR/USD.

The pair remains in the negative territory, broke above 1.08 level shows technical rebound might be in place.

Range is continuing and will probably last well into the next week. EUR/USD bounced off 1.0715 and we can probably expect it to reach 1.0800 again.

On Friday session the EURUSD initially fell with a narrow range, creating an inside day and closed in the red at the middle of the daily range.

The pair failed for the 2nd time to close above the 10-day moving average and continues to consolidate in a tight range from 1.0703 up to 1.0819. A close outside these ranges would suggest the beginning of a trend.

The key levels to watch are the 1.0900 (Resistance), 1.0819 (resistance), the 10-day moving average at 1.0764 (resistance), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

The single currency recorded a decrease against the US dollar on Friday. The session started at 1.0821 and after divergent trading during the day the euro lost 71 pips. The graphics continue to develop under the moving average, while the index of relative strength remained in neutral territory. If the pair continues to move down, it is very likely to try to test the first support at 1.0676.

EUR/USD is testing again 1.0700 price failed to break the support level for the past week.