EUR/USD

Weak, weak euro.

Very weak, the Euro versus the Dollar may reach the 1.0500 level this week.

Eur/Usd has extended its decline and dropped below 1.0700 level, if the bearish trend continues next key target would be at 1.0600 level.

The EUR may hit 0.95 by the middle of 2016 .
Feel free to short on any bounce .
Good luck .

The single currency continued to lose against the US Dollar on Monday. The euro lost 54 pips at a closing price of 1.0685. The graphics continue to develop under the moving average, while the index of relative strength remained in neutral territory. EUR/ USD keep the downward trend, and for its continuation is needed to break the support at 1.0676.

Yesterday the EURUSD fell with a wide range and closed in the red near the low of the day.

Also yesterday the pair closed below the Fibonacci extension 1.0703 that was acting as a strong support and the 10-day moving average continues to push the currency down acting as a strong resistance.

The key levels to watch are the 1.0900 (Resistance), 1.0819 (resistance), the 10-day moving average at 1.0736 (resistance), a Fibonacci extension at 1.0703 (resistance) and 1.0622 (Support).

Bearish tone remains, the pair hovering around 1.066/60 zone. Next psychology support level located at 1.0600 level.

1.0600 might prove to be a considerable support for a while but I doubt the move to the downside will end there. It will probably reach 1.0520 in the foreseeable future.

EUR/USD continue to drop, now the way is open till April low 1.0565.

If the Fed hike and the ECB ease next month which is very possible im willing to bet it will just dive bomb!
Ie below 1.0000

10630 scalping ,tight stop ,might get a daily reversal

I agree with you

sherifFares posted:
EUR/USD continue to drop, now the way is open till April low 1.0565.

The single currency continued to lose against the US Dollar on Tuesday. The pair opened at a price of 1.0685 after steady downtrend during the session and ultimately closed at a rate of 1.0640. The pair managed to break through the first support at 1.0676. If EUR/USD justify the negative expectations, support at 1.0548 will be broken.

Yesterday the EURUSD fell with a narrow range and closed in the red near the low of the day, shy above the 1.0622 daily support.

Looks like the downside momentum is losing strength and we might see a pullback in the short-term, before another downward move.

The key levels to watch are the 1.0900 (Resistance), 1.0819 (resistance), the 10-day moving average at 1.0729 (resistance), a Fibonacci extension at 1.0703 (resistance) and 1.0622 (Support).

ECB:EURO borrowed using the overnight loan facility 185 bn euro deposited.As expected a reversal of yesterday's sell off,some support at 10660 resistance 10673,this might be the start of a range trade.

HI, what is your view for the FOMC minutes, any insight?

It looks like the next support is 1.0548.

The upside momentum of the pair has now seemed run out of fuel, upside capped by near 1.0690/0700 zone. On the downside, psychological support level is still located at 1.0600.

csc2009 posted:
The upside momentum of the pair has now seemed run out of fuel, upside capped by near 1.0690/0700 zone. On the downside, psychological support level is still located at 1.0600.

It will have to break below 1.0630 before it reaches 1.0600.