EUR/USD

As it could not get support at 1.3425 the next levels on my chart are 1.3375 and 1.3350. I doubt 1.34 will hold.

The EURUSD just need a little push lower to touch the 1.3400, but if the Dollar keeps strengthening, it may drop pass that level.

Yep, it just need a little push, we might have it tomorrow.😉

The dollar traded unchanged against its G10 peers during Tuesday

big day i have confidence in the downtrend 1.33 lets go

more strong dollar more drop on eur/usd wait for fomc

EUR / USD fell below 1.3400 during European morning for the first time since November 13, before leaving the German preliminary CPI for July and expectations of strong U.S. data to be released later in the day.

As I have posted before, there is a 'hanger' bar on the weekly chart priced at 1.3345. There is a good chance that the hanger price will be closed. Support can be found on any time frame - intra-day time frame supports are usually short lived. When looking at the weekly chart I see fairly strong support near 1.2750 and on the monthly chart at near 1.2550. But at this point chances are, that prices will come down to near 1.3300. The ledge entry (sell) on the weekly chart (my last posting) was at 1.3574. The SL should be set at 1.3450. Trading long-term chart timeframes has a big advantage. Once the SL is in positive territory, there is no reason to worry about the trade anymore, and it is time to enter into a new trade - again - using a long-term chart.

That is a good point and i agree with it , thanks.

That's right, trading long-term chart timeframes has it's advantage. You don't need to worry every single second.

wht happen to euro/usd??

The EURUSD has come back to the 1.3400 level, but this time the round number is acting as a resistance instead.

bulls are trying to push the price back to 1.34 lets hope we wont see a low range of trading

For the EURUSD all the analysis is showing that in both shot trend and long trend is heading to 1.2570 the support point in the weekly chart. and i like this idea.

EUR/ USD lowering down may find support at 1.331-1.3335 after FOMC data

Abdul2012 posted:
For the EURUSD all the analysis is showing that in both shot trend and long trend is heading to 1.2570 the support point in the weekly chart. and i like this idea.

you are on point man because of weak of eur

takechance posted:
As it could not get support at 1.3425 the next levels on my chart are 1.3375 and 1.3350. I doubt 1.34 will hold.

As expected EUR could not get support at 1.34 and moved towards 1.3375 as per my chart forecasting.

Today is the last day of the week as well as the month so we may see some good retracements upwards as a result of short covering.

My watch levels would be 1.3425, 1.3460 and 1.3500.

The EURUSD eased to trade at 1.3381 and continuing its downtrend even though German employment data was positive but a slight miss in annual CPI might push the ECB to add more stimulus at its next meeting.
The Federal Reserve reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up toward its target. After a two-day meeting, Fed policymakers took note of both faster economic growth and a decline in the unemployment.

Abdul2012 posted:
For the EURUSD all the analysis is showing that in both shot trend and long trend is heading to 1.2570 the support point in the weekly chart. and i like this idea.

Sounds about right.😉