EUR/USD

victoriajensen posted:
EUR/USD couldn't break below the support at 1.1750, formed a hammer candlestick and a double bottom, both visible in the four hour filter chart, and then started climbing. It appears that some correction is in order and the pair will keep climbing until it reaches targed 1.1920, where there is strong resistance.

Looks like some correction movement, but with so many bad news in Europe, I'm expecting the market would be in panic mood for the coming weeks.

for long i did not write anything as my last comment was clear and more precise the eur/usd is going down and more down now we reach the last of the down trip , it mean the eur/usd will get down so easy and softly to 1.16 level , and in that level it will get up for some time mostly to 1.27 level to restart again down trip but this time will not soft or smooth
this month the 1.16 will be seen soon , and 1.27 mostly at march or early April . then down fall is the real situation to eur/usd and let us see what is next.............. suggest 2 days of down to make drought (bottom after long down move)

I beleive is definetly time for correction, the price jumped many time around 1.1800, let's see what will happen next week in the mean time I wish a nice weekend to all of you.

Goldman Sachs cut its long-term forecasts for the euro on Friday, unrelated to the US payrolls data. It expects the euro to fall to $1.14 in three months, $1.11 by June and $1.08 by year-end. But it also expects euro parity with the dollar by the end of 2017.

Could be bad for the Euro. Overall still in a Sell Position on EURUSD

Greece: Syriza's party maintains solid lead

https://www.fxstreet.com/news/forex-news/article.aspx?storyid=9aa6dd2e-5385-4103-841d-3d11f7619222

bestdarngood posted:
Could be bad for the Euro. Overall still in a Sell Position on EURUSD

Greece: Syriza's party maintains solid lead

https://www.fxstreet.com/news/forex-news/article.aspx?storyid=9aa6dd2e-5385-4103-841d-3d11f7619222

Really not good news for euro, let's see how far the correction movement would go.

After eur/usd's recovery attempt on Friday, I suspect further recovery might follow, on the upside resistance lies at the 1.1900 level.

The EURUSD initially broke down below the 1.18 level during Friday’s session, but found enough buyers to turn things back around and close near the high of the day. Now the million dollar question will this bullish correction turn into a trend change, or will we see another break below 1.1750?

Looks like the EURUSD is consolidating again around the 1.1800 level, lets pay attention to another possible bearish breakout.

EUR/USD failed to break the support 1.1782 (S1) and recovered to reach the resistance formed by the upper limit of the downward channel in the short term 1.1866 (R1).
The positive divergence between the RSI and the price-action with both momentum indicators rising.
However the long-term trend is downward which urges caution and wait for more consistent signals.
R3 - 1.19500
R2 - 1.18978
R1 - 1.18663
Daily Std. Pivot - 1.18141
S1 - 1.17826
S2 - 1.17304
S3 - 1.16989
https://bewayopa.wordpress.com/

After the double bottom it formed last week and the move to the upside EUR/USD dropped again but couldn't even reach the support at 1.1750 before it formed another hammer in the 4 hour filter chart. It looks like the pair is consolidating again before it continues on its way down to 1.1700.

honeill posted:
The EURUSD initially broke down below the 1.18 level during Friday’s session, but found enough buyers to turn things back around and close near the high of the day. Now the million dollar question will this bullish correction turn into a trend change, or will we see another break below 1.1750?

Very useful analysis and interesting question but need an answer, let's wait and keep an eye on the market. thank you.

The market looks indecisive. hammer on the daily and on the 4 hour chart but the volatility of the market is weak

EURUSD initially fell during the yesterday session but found enough support at 1.18 handle to bounce upon significant buying pressure and close in the middle of the daily range. The pair is consolidating but we may expect an upside correction before the next leg down.

I'm betting on no correction today unlike yesterday. I am thinking that today we start to head lower and break through 1.18 fully

EUR / USD slightly moved downward yesterday, but after finding support slightly above our line of 1.1788 (S1), recovered to 'play' again the resistance line of 1.1873 (R1).
Since there is positive divergence between the RSI and the price action, and that both our momentum indicators continued to rise, is likely to take a drive up to 1.1873 (R1) and a possible approach to the resistance line of 1.1914 (R2).
After all the long-term trend continues downward.
R3 - 1.19579
R2 - 1.19142
R1 - 1.18731
Daily Std. Pivot - 1.18294
S1 - 1.17883
S2 - 1.17446
S3 - 1.17035
https://bewayopa.wordpress.com/

The EURUSD is very vulnerable to more loses. It would be no surprise if the pair makes a new low.

i think we have to wait for correction higher because pair failed to break above 1866 level 3 rd time and posted fresh low in 1750-60 zone...

EUR/USD consolidation continued today too. The pair tested the support at 1.1750 but couldn't break below it and bounced back. I wonder how long the consolidation is going to last this time.