EUR/USD

It is The calm before the storm, The EUR/USD is preparing to climb up and reverse the down trend.

Yes, the EURUSD may move, but it may stall during thanksgiving.

The euro registered a slight increase against the dollar on Tuesday. The session was calm with no significant changes in the price. Short-term expectations remain in favor of the single currency. In this case the resistance at 1.0780 is threatened. The sessions started at 1.0635 and initially bulls prevailed. After being marked a peak at 1.0672, the price went through a correction and the final was set to level 1.0642.

Yesterday the EURUSD initially rose but found enough selling pressure near the 10-day moving average to reverse but still managed to close in the green at the middle of the daily range, suggesting a down day 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 1.0663 (resistance), 1.0622 (Support), and 1.0462 (support).

There is a time for a little correction.

Finally the side trading is over and EUR/USD fell under 1.0600 but still waiting for the close of today before opening a short position next level 1.0550 then 1.0450 which is 2015 low.

The EUR/USD down trend still strong and the best thing is go short from 1.0654.

Abdul2012 posted:
The EUR/USD down trend still strong and the best thing is go short from 1.0654.

Every raise in the pair can be an opportunity for shorting. Eur/Usd found support at today's low 1.0565, 1.0500 level remains critical on the downside.

The euro is losing ground against the dollar on Wednesday. The single currency did not meet the positive expectations and recorded a decrease against the dollar. As a result, the support at 1.0568 was pierced after reaching a bottom for the day at 1.0566. Subsequently, however, the losses were partially restored and the currencies finished at 1.0623. If bearish sentiment continue, the pair will test the support at 1.0517.

Yesterday the EURUSD went back and forward with a wide range, creating an outside day then closed in the red at the middle of the daily range, suggesting another down day 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 1.0651 (resistance), 1.0622 (Support), and 1.0462 (support).

The markets are very still today because of the Thanksgiving.

Yes, I doubt the tight 30-pips EUR/USD range will end before the end of the holidays. Next week however we'll probably see a move to the downside towards 1.0500.

EUR/USD failed to close yesterday under the support level 1.0600 and back to the 100 pip range I dont expect to see much movement till the end of the week.

Not much movement today, the pair is consolidating in a very tight range around 1.0619 zone, waiting for a breakout to continue further bearish trend.

The EUR/USD dead today, Lets see tomorrow if the pair gonna test the 1.0549 support level.

Very consolidated the EURUSD for today. Tomorrow it may also stay in a range. Most likely the pair is waiting for the ECB to make its move.

The single currency recorded neutral session against the dollar on Thursday. Trading was extremely quiet, as the opening price was similar to the closing, respectively, 1.0623 and 1.0609. In the early hours bears prevailed, but later losses were compensated. So the difference between the highest and lowest value for the day was 27 pips. If negative sentiment continue, we may expect break of support level at 1.0565.

Yesterday the EURUSD fell with a narrow range, creating an inside day, due to the Thanksgiving holiday and closed near the low of the day, suggesting a potential 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 1.0643 (resistance), 1.0622 (Support), and 1.0462 (support).

In my opinion, the next target will be 1,0550.