EUR/USD

Here is the picture that describes recent euro situation the best :)))


Source: https://www.forex21.com/fx-tsunami-follow-up-lets-take-advantage-weak-euro/

EURUSD rose during the course of yesterday after initially gapping lower. This shows that the market already price in the Greek elections and that the pair more than likely is going to retest the 1.1460 level that was a previous support that now turned into resistance.

Most probably the correction will continue until the Fed meeting this week.

sherifFares posted:
Most probably the correction will continue until the Fed meeting this week.

Very likely, we can see Euro paused to consolidate losses against the US Dollar, possibility sell on bounce.

csc2009 posted:

sherifFares posted:
Most probably the correction will continue until the Fed meeting this week.

Very likely, we can see Euro paused to consolidate losses against the US Dollar, possibility sell on bounce.

I agree with you on this :)

Tomorrow is all up to the Feds, anything can happen.

EUR / USD rose yesterday trading below the 1st resistance.
The short-term momentum suggests some recovery in the near future.
The pair is trading below the falling trend line, short-term trend remains negative.
The broader trend being below the moving averages of 50 and 200 days is also negative.
R3 - 1.16596
R2 - 1.15410
R1 - 1.14604
Daily Std. Pivot - 1.13418
S1 - 1.12612
S2 - 1.11426
S3 - 1.10620
https://bewayopa.wordpress.com/

Good retracement on the EURUSD, but the downtrend is still in place. Another visit to recent lows is still possible.

I'm expecting that we hit 1.12 again before hitting 1.15 with the Fed and all today. What does everyone else expect?

When touch 1.1097 probably become psychological level before go to 1.0xxx and then go to 0.xxxx.

EUR / USD rose yesterday trading below the 1st resistance.
The short-term momentum suggests some recovery in the near future.
The pair is trading below the falling trend line, short-term trend remains negative.
The broader trend being below the moving averages of 50 and 200 days is also negative.
R3 - 1.16596
R2 - 1.15410
R1 - 1.14604
Daily Std. Pivot - 1.13418
S1 - 1.12612
S2 - 1.11426
S3 - 1.10620
https://bewayopa.wordpress.com/

It will be easy Money Tomorrow 😇

alexforex007 posted:
Good retracement on the EURUSD, but the downtrend is still in place. Another visit to recent lows is still possible.

Yes, I think now it is a good time to built up some new short positions.😄

EURUSD rose during the course of yesterday session as the U.S Durable Goods Orders number came worse than expected. The US dollar sold off and the fact that we have the Fed monetary policy statement today we may expect high volatility in the pair.

The 1.1390 proved to be a strong resistance level for the EUR/USD pair, but nothing is certain before FED's rate decision later today.

honeill posted:
EURUSD rose during the course of yesterday session as the U.S Durable Goods Orders number came worse than expected. The US dollar sold off and the fact that we have the Fed monetary policy statement today we may expect high volatility in the pair.

Useful analysis, i will keep am eye on the pair.

Eur/usd broke below psychological level 1.1300, is correction movement over yet, let's see.

peeterwoolf posted:
Eur/usd broke below psychological level 1.1300, is correction movement over yet, let's see.

We have an very interesting session for the EUR today, as Germany will publish its unemployment figures and the flash CPI. We shall see.

EUR / USD continued to recover yesterday.
The short-term momentum indicates a recovery.
The RSI has risen and is now close to the 50 line.
The MACD is already above its signal line and near its zero line.
The trend continues downward.
R3 - 1.14552
R2 - 1.14186
R1 - 1.13486
Daily Std. Pivot - 1.13120
S1 - 1.12420
S2 - 1.12054
S3 - 1.11354