EUR/USD

Consolidation for now on the EURUSD, the pair is still in a bearish trend, a visit to the 1.0700 level is possible, but the 1.0800 may act as resistance.

Yesterday the EURUSD initially rose but found enough selling pressure to give some of its gains back to the market and closed in the green in the middle of the daily range.

Yesterday the pair made an inside day due to its narrow range providing a clue that is entering in consolidation mode.

The key levels to watch are the 1.0900 (Resistance), the 10-day moving average at 1.0873 (resistance) 1.0819 (support), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

While Eur/Usd down momentum is still strong, the pair found its range near 1.0730 and break below 1.0706 would lead to psychological level at 1.0600.

The EUR/USD recorded new low at 1.0675 after 7 months, the trend strongly down as i see no thing positive in the eurozone to pull the pair up again.

It's retracing now because there's a very strong support visible on the weekly time-frame, but once the retracement ends EUR/USD will likely fall towards 1.0600. With the bearish trend still valid, it will probably fall lower than that - towards 1.0520.

I dont see still an opening for a position for EUR/USD, the pair is trading in tight range after friday's spike and yet no signal on the daily or 4 hour chart for entry point.

Some nice bullish behaviour ,might close the 10760 gap ,up 10% so far.

Abdul2012 posted:
The EUR/USD recorded new low at 1.0675 after 7 months, the trend strongly down as i see no thing positive in the eurozone to pull the pair up again.

1.0680 was a major point guys,plus we sometimes get a switch around after the European close

Draghi today could be a 'no-news' , but he could confirm a further than 1.0680 bearish trend or give us a surprise and make it bullish. Any way, he is always good news for volatility

Yesterday the EURUSD fell but found enough buying pressure to trim some of the losses and closed in the red in the middle of the daily range.

Yesterday the pair breach below a Fibonacci extension at 1.0703 but without any follow thru suggesting a continuation of the consolidation mode.

The key levels to watch are the 1.0900 (Resistance), the 10-day moving average at 1.0843 (resistance) 1.0819 (support), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

The single currency resumed the downward direction on Tuesday and lost 27 pips against the dollar to a closing price of 1.0723. The pair recorded nearly seven-month bottom during the session at 1.0675, while the highest point was reached at 1.0763. The graphics continues to develop under downward moving averages and the relative strength index remains in favor of the bears. A break of yesterday's bottom will create a possibility for an extended downturn.

EUR/USD formed a shooting star and a hammer candlestick at the resistance at 1.0765 on the four-hour time frame and started moving to the downside. I think the pair will continue falling and will eventually test the support at 1.0670 again.

victoriajensen posted:
 EUR/USD formed a shooting star and a hammer candlestick at the resistance at 1.0765 on the four-hour time frame and started moving to the downside. I think the pair will continue falling and will eventually test the support at 1.0670 again.

Think it also going down further but will know after Yellen's speech tomorrow

Until now the overall movement of the EUR/USD for the week is less than 10 pips from last weeks close price.

As i expected, the EUR/USD in the same level and 7 pips over the opening now, so let us see what is Yellen's speech gonna do?

Waiting on the EURUSD to take a clear direction, even though so far the trend is still bearish. Just being patient.

The single currency recorded a moderate growth against the dollar on Wednesday and was trading at a price of 1.0740 at the end of the session. The daily extremes were reached respectively at 1.0773 and 1.0705. Attitudes remain negative, but a break of levels at 1.0655 will confirm the dominance of the bears.

Consolidation continues while the pair remain capped by the 1.0700 on the downside and 1.0780 on the upside, with confirmation below 1.0700 could open the door to further downside.

The chart just formed inverse head and shoulder on the H4 chart, attempting to break the neck line now. Could it be a breakout?