EUR/USD

EUR/USD is keeping a steady pace today in anticipation of the Michigan Conference later today. Price is now 1.0885 and it appears that the USD is getting momentum.

What a move by the USD!

sell ,targe 1.2525

i meant gbpusd ,wrong thread ,my bad

The euro was down against the US Dollar on Friday. By the close of US trading EUR/USD was trading at 1.0854, shedding 0.39%. I believe that the support is now located at the level of 1.0831, the low of Friday's trading, and resistance is likely at the level of 1.1300 - the maximum of Wednesday.

Eur/Usd is testing long term support level 1.0800, the risk remains downside, break below the support level would lead to further downward movement. Attention is still on Trump this week.

My previous call was a hideous blunder, my bad..

Target: 1.0650

Btw, i am playing 1000:1 leverage, $15.00/pip,

Starting balance was $150.00

Current equity $569.00

Price is moving currently around 1.075 with both momentum and moving averages being in unison and showing bearish trend. I would follow it but watch out closely for reversal signals at a target support of 1.0700.

On the last Friday’s session the EURUSD initially rose but found enough selling pressure around 1.0920 to reverse and closed near the low of the day, also managed to close below Thursday’s 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 1.1076 (resistance), the 10-day moving average at 1.1020 (resistance), a daily resistance at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).

EUR/USD is trading lower today after a major blow to the pair last week. The US bulls are confident in Trump's policy regarding economic growth and they are having a rally in the equity and currency market. CMP 1.0757.

EUR/USD is still testing the support at 1.0760, but considering how bearish this pair is it's very likely that it will eventually break below that level and reach at least 1.0700.

The single currency recorded its worst week since mid-June after on Friday closed with a loss against the dollar for the fifth consecutive day. The euro depreciated by over 200 pips for the week to 1.0846. The price turned out to be the lowest since early January. Current technical attitudes support bears and further declines if the price holds lower than 1.0820.

Key levels to watch for:
Support: 1.0710; 1.0630;
Resistance: 1.0820; 1.0945; 1.1030; 1.1120.

Euro / dollar made a bearish momentum last week, bottomed at 1.0830 and hit 1.0798 during Asian session today. The bias remains bearish for a test of 1.0700. Resistance for the day is 1.0850. A clear break above that area could lead price to neutral zone testing 1.0900 or higher. The main technical outlook remains neutral.

The euro continued sloping downwards on Monday and closed at lowest level for over a year. The single currency depreciated by 96 pips to 1.0736. The downward trend was broken by positive data on industrial production in the eurozone, but reached intraday low at 1.0708. Technicalyl bears continue to dominate. Yesterday's low level is a major challenge and crucial for long-term attitudes.

EUR/USD is showing some strength after yesterday's low of 1.0709. The pair is now 1.0772 as market participants are expecting the latest Advance Retail Sales later today.

Yesterday the EURUSD fell with a wide range, making a new 2016 low at 1.0709 and closed in 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 well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.

The key levels to watch are: the 10-day moving average at 1.0962 (resistance), a daily resistance at 1.0900, other daily resistance at 1.0819 (support), the new 2016 low at 1.0709 (support) and a Fibonacci extension at 1.0666 (support).

EUR/USD bounced off of 1.0709 yesterday, but it appears that the move to the upside is over already because it failed to break above 1.0815, formed a hanging man candlestick on the one-hour time-frame and started dropping. Next target is likely yesterday's low at 1.0709.