EUR/USD

EURUSD fell during yesterday session, breaking below the upward trend line and the lows from the past couple of weeks amid jitters minutes before the testimony of Fed Chair Yellen before the US Congress.
However, there is a significant support zone from 1.3525 to 1.3476, market will try to test that area and find buyers.

Time to take on some positions!

adrian8891 posted:
Time to take on some positions!

Yes .I agree .
Slowly scale down BUY positions .
Good luck to all .

bluemonkey posted:
EURUSD is ranging quite well. i feel like soon there will be a breakout possibly on the buy direction.

I agree, but the question is how soon.

It was good day yesterday, we finally see some real volatility.

Finally confirm strong support .
Perfect buy opportunity .
Good luck guys .

How far down can the EURUSD go? In the long term the pair keeps its bullish trend, that is why the current drop may be short lived.

alexforex007 posted:
How far down can the EURUSD go? In the long term the pair keeps its bullish trend, that is why the current drop may be short lived.

Well ,I don't think long term is bullish trend .But I think for sure now is buy opportunity in short term trading .
Long EUR/USD & Short GBP/USD is perfect storm for now .
 or Long EUR/GBP is solution in next couple days .
For long tern like 1 year than EURUSD in the down trend .

Yeah we have a very strong support ahead of the price let's see if it will hold

i agree 1.3520 is a very strong support lets see if it will hold the price

Recommended Trades for 17TH July 2014

Trade Direction Level Stop Loss Target 1 Target 2 Target 3

July Crude Oil BUY 100.40 99.80 101.40 102.00 102.80

July Crude Oil SELL 102.90 103.50 102.10 101.60 101.00

Spot Gold BUY 1295 1282 1305 1311 1318

Spot Gold BUY 1287 1280 1300 1305 1311

EUR/USD BUY 1.3510 1.3460 1.3570 1.3600 1.3630

GBP/USD BUY 1.7130 1.7050 1.7185 1.7230 1.7270

AUD/USD BUY 0.9350 0.9300 0.9400 0.9430 0.9455

NZD/USD SELL 0.8760 0.8800 0.8710 0.8670 0.8640

USD/CAD BUY 1.0700 1.0650 1.0760 1.0780 1.0810

USD/JPY BUY 101.30 100.70 101.90 102.40 102.70

GBP/JPY BUY 173.90 172.90 174.50 174.75 175.10

EUR/CAD BUY 1.4490 1.4430 1.4540 1.4570 1.4600

AUD/JPY BUY 95.00 94.50 95.50 95.90 96.20

CHF/JPY BUY 113.15 112.85 113.55 113.85 114.10

EUR/NZD BUY 1.5500 1.5450 1.5550 1.5590 1.5640

sherifFares posted:
i agree 1.3520 is a very strong support lets see if it will hold the price

yes i agree with you still on 1.352

EURUSD fell hard during yesterday session hitting a daily support at 1.3525 and still remains above the 1.35 handle. However a break below the 1.3476 support zone, could throw the EURUSD down to the 1.33 level.

Thanks for the analysis, also we are waiting for some supporting news for the USD today probably will throw the EUR under the 1.3476 support zone.
 

no movement at all today!!!!! this support level is killing me

Yes you are right, not much movement today, we may see it tomorrow or just simply range around the 1.3540 - 1.3520 regions.

sherifFares posted:
no movement at all today!!!!! this support level is killing me

I was hoping for more movement today with the news everything, but nada!

EURUSD tried so hard to break support .
In my experience even if it can break the support than it still would back up right away .
Still have STRONG call for buy now .

Lets see if tomorrow we see the EURUSD take a clear direction or if it stays in consolidation just above the 1.3500 level.