fall of eur/usd

eur/usd falling. would it touch support. or market would go up again before touching the support level . 😐

And the EURUSD may continue falling. The consolidation for today may only be a resting point to continue with its bearish momentum. Only thing stopping the fall is some strong fundamental data in favor of the single currency.

You are absolutely right!

Do you think it will go to 1.3640 ?

No pullback on EURUSD yet amazing strait down. Looks like “sell in May and go away” applies to this pair.
My 1st target is 1.3561, 2nd target is 1.3476 and last is 1.3380.

I'm targeting EUR/USD short to 1.3600 by end of day and then further in early trading moving TP down to 1.3580.

oh no

The fall of the EURUSD was halted at the 200 Day Exponential Moving Average and depending on tomorrow's close, there could be a correction to the upside on the pair.

I fully agree with you. I can see now the 1.38 level is a real possibility.

The 200 day moving average is proving to be a strong support, now at 1.3685 level.

Will there be more red in the EURUSD? It looks like the pair is holding on to its bearish momentum. More bad economic news from Europe and the pair could very easily continue going lower.

good deduction

I predict, it'll bounce off of the 200P-SMA in D1 and go into bullish mode, also due to the results of the European elections.

Yup, there we go, EURUSD started skyrocketing tonight.
The mighty power of the 200P-SMA once again :)

News u can use...
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, expects the EUR/USD to grind lower towards year-end.

'I have updated my simple EUR/USD with projections based on the forward interest rate and curve, and the simplistic assumption that that peripheral spreads are range-bound from here. The upshot is that EUR/USD ‘should' end 2014 at 1.3230, a little below current levels, getting to 1.25 in 2014 and 1.20 in 2016.'
'This week's focus in Europe will be on further comment from ECB officials (though Mr Draghi yesterday seemed clear enough: They will ease in at the June 5 council meeting). The last two ECB rate cuts saw the Euro fall briefly and then bounce. This week's bounce in EUR/USD probably can't go much further, and is a chance to sell.'

There's space where u can buy up to resistance but according to this guy, the euro is going to continue to fall. It's not going to happen all at once..... but supposedly its getting weaker & the dollar is getting stronger.

Good info, mathomas1965 :)
The bounce wasn't big indeed. I was hoping it would reach a bit higher.

That's right, the euro is still weak, bounce is not going much further.

US has a weaker dollar policy, I wouldn't trade against that.

With the EURUSD is finally break 1.36 level and moving down now below the 200dma (1.3640) we could see euro grind lower towards 1.3500 ahead of the ECB meeting.