EUR/USD

So, when do you think the couple will tend to rise again?

you nailed it Kieran, Thanks I am trading that position too. Thanks!

In my opinion, the next supports will be at 1.0565 and 1.0517.

EUR/USD is currently testing the support at 1.0565 but I doubt it will break below that level before the market closes today.

1.0565 proved today to be a good support for the EUR/USD, But let us see if next week going to be more beneficial and hopefully it will continue to decline.

Almost no movement today on the EUR/USD only 15 pip movement till now.

This gap might close down to 10565,if we break through this we would be looking to 10500.

see what data comes out,we will get a few pull backs on the way down

Expecting more downward movement.

On Friday session the single currency didn;t mark any significant change against the dollar. The euro ended the session at 1.0598, which technically was the third consecutive negative performance and led EUR/USD to the red territory for the week. Current attitudes remain negative, but a break of the support at 1.0520 will give a chance for testing levels at 1.0460. Very imporatnat fundamentals this week will influence the pair – the meeting of the ECB and labor market data from the US.

Eur/Usd starts the week just below 1.0600 level, as the pair enter month December next week, the downside pressure on the Euro could continue until the Fed's decision.

On Friday session the EURUSD went back and forward with a narrow range and closed in the red near, in the middle of the daily range also closing within previous day range, suggesting that the pair turn into a consolidation mode and maybe bottom out.

The 10-day moving average continues to push the currency down acting as a strong resistance.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0629 (resistance), 1.0622 (Support), and 1.0462 (support).

A further move to the downside is inevitable, but range may continue until the ECB press-conference or the US change in Non-farm Payrolls later this week.

EUR/USD dropped under support line 1.0600 in the beginning of the week and we are having an important week ahead the market will have lots of volatility.

My eyes open wide on the EUR/USD this week, As it is seven months lowest today we have to get ready for the big moves.

You don't need to watch EURUSD we already know it is going down, the real one to watch is Gold.

The forex strategists of Barclays Capital advised investors this week to consider sales of EUR/USD. From a technical point of view, from Barclays Capital provides EUR/USD to move towards 1.0460.

The pair is trading in a tight range today with bearish trend extended, support level can be found at 1.0550.

On Monday session EUR/USD continued the negative performance for the fourth consecutive day. Ahead of the ECB meeting and expected further monetary stimulus, the euro fell by 25 pips and closed at 1.0563. During the whole session the single currency couldn’t break the key level at 1.0600. The sentiment is still negative and potential break of 1.0460 will intensify the bears presence.

There is an increasing probability of Eur/Usd getting covered in a huge trading range of about 100 - 200 pips as markets have overshoot themselves with the dual expectations of FED tightening & ECB easing. Chances are if the ECB dissapoints even by a whisker, the short covering rally may last a little bit long with the euro inching towards 1.0900 / 1.1000 levels