EUR/USD

I doubt the pair will succeed in breaking below the last low at 1.0616 before the market closes today but next week it probably will and we will see a further move to the downside towards 1.0520.

The divergence between the monetary policies of the ECB and FED will most likely keep the EURUSD falling, even if on its way down we see some retracements.

Draghi talking the Euro down again, with the markets are lacking momentum at the present the pair still remains range between 1.0600-1.0800.

After FOMC, dollar weakened, but today is a perfect day for short positions.

The euro recorded a decline against the dollar on Friday. The single currency completely lost the lead from the previous session and thus the pair moved to the support at 1.0613. Considering that short-term indicators are still in favor of the dollar, the probability to break the key level remains high. The session on Friday started at 1.0732 as from the beginning the bearish trend was leading . Bottom of the day was hit at 1.0640, and the session ended with only 4 pips higher.

On Friday session the EURUSD plunged with a narrow range and closed in the red near the low of the day.

The pair failed for the 2nd time to close above the 10-day moving average and continues to consolidate in a tight range from 1.0620 up to 1.0755. A close outside these ranges would suggest the beginning of a new trend.

The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0695 (resistance), 1.0622 (Support), and 1.0462 (support).

it seems quite possible for the pair breaking the 1.0600 psy support level, at least temporarily this week

EUR/USD still swinging between 1.0630 and 1.0730 price formed hammer on the support level and rebounded.

The break below 1.0600 so far isn't confirmed, but I have little doubt that the pair will soon reach 1.0519 and will probably fall much lower than that.

The EUR/USD tested the support level at 1.0601 today but found a good around it, Tomorrow if he pair broke below i think it is gonna be good opportunity to open a position.

The Euro still weak at the 1.0600 level, it could break below it during this week and visit the 1.0500 level.

We are looking for further weakness in Euro, the pair is retreating at 1.0624 currently, break below it would mean next target 1.0601 and follow by 1.0519.

Further downside on the longer time frames 4 hour and one hour.

In my opinion, this week, the dollar will likely trade in a range against other major currencies, in expectation of the meetings of the Federal Reserve and the European Central Bank next month.

We got a nice spike down today,through the 10600 level,bought in @ 10599,nice up trend to 10630

Yesterday the EURUSD initially fell but found enough support at 1.0622 to turn around although closed in the red but near the high of the day, suggesting a pullback for today.

The 10-day moving average continues to push the currency down acting as a strong resistance.

The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0679 (resistance), 1.0622 (Support), and 1.0462 (support).

The single currency recorded a dynamic session against the dollar on Monday. The pair remained at the lower levels reached last week, but thanks to volatile trading all the time, support at 1.0613 was broken. Currencies, however finished above the key level and short-term expectations are in favor of the euro. Monday session started at a price of 1.0638 finished 3 pips below. The difference between the lowest and highest value for the day was 63 pips.

Yesterday on daily chart market made a doji, today EUR/USD is trading around the opening price most probably a second Doji is going to be formed. the market is waiting for the FED meeting before any big movement.

sherifFares posted:
Yesterday on daily chart market made a doji, today EUR/USD is trading around the opening price most probably a second Doji is going to be formed. the market is waiting for the FED meeting before any big movement.

I agree, the pair is back to range between 1.0620-1.0690 before the next big change.