EUR/USD

short eurusd

On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition the currency pair managed to close below Friday’s low, which suggests a strong bearish momentum.

The currency pair is trading below the 10-day moving average and closed below the 50-day moving average both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1976, the 10-day moving average at 1.1918 (resistance), a daily resistance at 1.1910, the 50-day moving average at 1.1868 (resistance), a daily support at 1.1829 and another daily support at 1.1753.

The Euro is in a downfall this week. I hope the trend gets back.

EURUSD waiting for news Fed Chair Yellen Speaks

The bears continue to dominate this morning having the EUR/USD below 1.80 handle with current market price 1.1778. Immediate support is seen at 1.1760 and next at 1.1730.

arigoldman posted:
The Euro is in a downfall this week. I hope the trend gets back.

ari, the trend was 1700 pips. The dollar Dax has been positive lately despite the threats of Rocket Man, and other assorted BS on the fundamental side. Yellen may want to degrade the dollar in her speech today, just to spite Trump, but signs that the dollar bulls are in control for now are in the charts.

If you are long Euro/USD, I'd look for a pullback and unload. U.S. economy is going up in my opinion and that is supported in the charts.

On yesterday session, the EURUSD initially fell but found enough support at 1.1753 to recover some of its losses however closed in the red, in the middle of the daily range, in addition the currency pair managed to close below Monday’s low, which suggests a bearish momentum.

The currency pair is trading below the 10 and the 50-day moving averages both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.

The key levels to watch are: the 10-day moving average at 1.1894 (resistance), the 50-day moving average at 1.1865 (resistance), a daily resistance at 1.1829, a daily support at 1.1753 and other daily support at 1.1720.

Hello. Who has a profitable trading strategy?

EUR/USD broke the support line at 1.1730 and now is heading towards next one at 1.1660.

The single currency recorded a negative session against the US dollar on Tuesday. After a steady downward movement, the currency pair lost 56 pips at a closing price of 1.1792. Daytime extreme values were reached at 1.1861 and 1.1757 respectively. In the short term, the outlook remains negative, as a breakthrough at 1.1735 will test 1.1670.

Support: 1.1735; 1.1670;
Resistance: 1.1910; 1.2080;

Falling Wedge identified at 27-Sep-19:00 2017 GMT-2. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1716 within the next 2 days.

On yesterday session, the EURUSD fell yet again with a narrow range but close in the middle of the daily range, however the currency pair managed to close below Tuesday’s low, which suggests bearish momentum.

The currency pair is trading below the 10 and the 50-day moving averages both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.

The key levels to watch are: the 10-day moving average at 1.1877 (resistance), the 50-day moving average at 1.1865 (resistance), a daily resistance at 1.1829, other daily resistance at 1.1753, a daily support at 1.1720 and a key level at 1.1684 (support).

EUR/USD found some support at 1.1715 and bounced off from it. That said, the overall move to the downside may not be over. A breakout below 1.1715 could lead to a further drop towards 1.1620, which is the (MA)89 indicator on the daily time-frame.

EUR/USD pushed higher today and is currently trading slightly below the 1.18 handle, supported by the greenback’s correction.

EUR/USD closed higher yesterday at 1.1786 and this morning is in sideway correction around 1.1780 level. The focus today is on the inflation diffrential.

On yesterday session, the EURUSD initially fell but found enough buying pressure near the Wednesday low to reverse and managed to close near the high of the day, however the currency pair closed within Wednesday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair is trading below the 10 and the 50-day moving averages both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.

The key levels to watch are: the 10-day moving average at 1.1865 (resistance), the 50-day moving average at 1.1864 (resistance), a daily resistance at 1.1829, daily support at 1.1753, another daily support at 1.1720 and a key level at 1.1684 (support).

The Euro recovered a quarter from it lost. Hopefully the week ahead will bring more.

Unless EUR/USD breaks out above 1.2090 next week the wide consolidation will probably continue forming between that resistance and 1.1800.