EUR/USD

EUR/USD is currently testing the support at 1.1010, if it manages to break below that level next week the pair will likely continue descending at least until it reaches target 1.0800.

EUR / USD traded virtually unchanged on Thursday.
The RSI continued on a high after recovering from a 30 line.
The MACD fell and crossed above its signal line.

EUR/USD dropped dramatically after Yellen speech now price is testing 1.1010.

I think eur/usd will suprise us once time more soon !

EUR recorded a slight rise against the USD on Thursday, breaking a series of three consecutive negative sessions. The pair opened at a rate of 1.1093, then reached the lowest level for the day at 1.1080 and the highest level at 1.1180. The euro ended the day at a rate of 1.1111 and if the price went up, the pair will move towards the resistance at 1.1467. Support: 1.1064; 1.0658; 1.0456; Resistance: 1.1467.

euro/usd to 1.0804

Level 1.100 is critical, this pair might achieve further downside levels with so many traders now on the sidelines.

My bearish outlook due to a huge divergence posted earlier is looking good and a downtrend is taking shape. Someone repeatedly asked me for posting trade recommendations so here is a low risk high potential one.

Sell at 1.0990 with SL at 1.1254. Target1 - 1.0775, Target2 - 1.0631 and Target3 - 1.0198. Stop trailing is advised but discretionary.

On Friday session the EURUSD tried to rally but found yet again enough selling pressure near the 1.1186 Fibonacci level to give all its gains back and closed in the red near the low of the day, creating an outside day pattern. This pattern is considered neutral so indecision may create choppy action in the market.

The EURUSD may return to its bearish longer term downtrend. lets see what happens this week.

I´m seeing this heading bearish with a possible Pennant Breakout on the 30 Minute Chart - 90 Pips possible for Day Traders.



Duane

EUR/USD is currently testing the support at 1.0950. I think it will likely break below that level and continue descending in the following days. Next target is probably 1.0800, but the pair might descend lower than that.

The EUR/USD played it safe above the support level but what i see that we will be more descending if the US data for this week come out with a positive results.

No volume, no liquidity, Eur/Usd is trading flat, tomorrow expect a change.

Not much of a movement today due to the US holidays.

EUR / USD fell on Friday following the data, better than expected, inflation in the United States and the comments from Fed Chairman Janet Yellen about a possible increase in interest rates since 2015.

If this week the price depreciation continues it might close at the end of the week at zone 80% 1.0794 ,and even at zone 90% 1.0732 . In the case of a reasonable foundation the pair may be increased to 1.1220. I'd rather play on trend and will set the targets close to those values.Good luck everybody this week!

The RSI met resistance near its line of 50 and reversed.
Justified caution about a pullback before the 'Bears' take control again.
The MACD, already negative, fell below its signal line.

takechance posted:
My bearish outlook due to a huge divergence posted earlier is looking good and a downtrend is taking shape. Someone repeatedly asked me for posting trade recommendations so here is a low risk high potential one.

Sell at 1.0990 with SL at 1.1254. Target1 - 1.0775, Target2 - 1.0631 and Target3 - 1.0198. Stop trailing is advised but discretionary.

Eur at 1.0890 now and the trade has taken a nice shape. I would bring the SL to BE and let it run. Cheers.