EUR/USD

Sberbank CIB believes that EUR / USD is headed to parity. The exchange rate fell below the key support level of 1.0525, which is its lowest level since December last year when the ECB did not meet market expectations for further easing of monetary policy, remind analysts. In their view, this increases the likelihood that the pair will reach parity in the coming months. Another argument to wait parity is a supportive fiscal policy in the US and politically busy calendar in the EU.

Don't believe all you read , I cant see it happening in the coming months, unless Trump does something drastic , which is doubtful.

EUR/USD is trading relatively unchanged in today's session. The pair is now 1.0596 and as it appears market participants are exhausted and will go into the weekend without much harm done today.

EUR/USD broke above 1.0600 again today after forming an impressive doji candlestick on the daily time-frame above the support at 1.0500. Next target is likely 1.0645.

During the last two weeks the EUR/USD pair is staying below the middle lines while technical indicators has been elevated after spending sure time within the oversold area. While price is placed below 1.0505, next target is seen at 1.0460.

More to the downside imo..

After two weeks of decline, the pair enter short term correction mood. Consolidation might go up to 1.07 level, I'm not expecting clear tone until the ECB and FED's December meeting.

Decisive week for the pair, NFP on Friday, Italy Referendum Sunday... big movers... There might be some correction up until Wednesday or Thursday after US elections

ProTradersGroup posted:

EURUSD looks almost ready to reach 1.0462 soon!

Uncertainty in EUR/USD continues to affect the market as the pair is now slightly higher trading at 1.0658 with a high of 1.0685. Market participants expect extreme volatility to continue as we enter into the week.

On the last Friday’s session the EURUSD rose with a wide range and closed near the high of the day, also managed to close above Thursday’s high, which suggests a strong bullish momentum.

The pair still closed below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0618 (resistance) and the all-time low at 1.0462.

There will be a lot of playing around to finish the monthly candle on Wednesday but I see it as the correction side up on monthly basis going to around 1.07 first. There would be a lot of power or some impact needed to break the triple bottom in December. It’s the Feds meeting that could make it possible but not before that.

I see the daily support at 1.0580 and resistance at 1.0664. The pair seems quite bearish now.

I agree, EUR/USD bounced off 1.0685 after forming a pair of shooting star candlesticks on the four-hour time-frame. It's currently testing the support at 1.0580 and if it breaks out below that level it will likely reach the next support at 1.0520 - 1.0510.

Too much pressure already it looks quite bearish now. If The daily pivot didn’t hold as I don’t see much buying pressure it might further go down. Lets see what happens with the US Open.

BaldoN posted:
Too much pressure already it looks quite bearish now. If The daily pivot didn’t hold as I don’t see much buying pressure it might further go down. Lets see what happens with the US Open.

You might get some bullish move as GBP/USD is bullish looking its just bounced off 24000,time will tell if it breaks new levels.

It’s an importnat week for the US dollar with the NFP data upcoming on Friday, along with the preliminary estimates on Q3 GDP and the ADP numbers on Wednesday. Meanwhile Europe offers a major event with risk behaviour on markets – the Italian referendum. The coincidence and the combnations of these fundaments implies strong influence on the pair.

The pair is consolidating between 1.0657 and 1.0557 before the important US news today and the NFP tomorrow. Good point about the referendum. I am also interested to see the impact.