EUR/USD

EUR/USD failed to break the week's high 1.1070 and rebounded again to 1.1000 if price closed under support level I am going short next week.

I see that the 1.1000 level will be the limit for the EUR/USD after the last fell, Strong sell in the market.

tommy2308 posted:
I was holding Short positions on EURUSD, but it seems, Someone told me this bearish Streak is over, And probably we will be back to 1.13 levels soon. I hope not. But Be careful, US cannot afford a lower EUR

Hi,

It's looking that way. Although the FOMC statement was a very hawkish sign of a December hike, the data just isn't supporting the data dependent Fed's potential move. Its not that the data is bad considering how our G7 peers are doing, it's just lower than expectations. With ECB still considering QE and the Fed considering a hike the dollar still has room to the upside but in the near term it seems the bearish move is pausing until data supports a drop.

We're currently in drawdown on some euro-dollar shorts, but still up for the day. Chicago PMI and Consumer Sentiment is still on the docket and good readings should hurl the dollar higher, but we'll see..

NFP Report is definitely the main risk event of the next week and will probably decide which way E/U will really go.

Good luck!
AlphaInfinity

tommy2308 posted:
I was holding Short positions on EURUSD, but it seems, Someone told me this bearish Streak is over, And probably we will be back to 1.13 levels soon. I hope not. But Be careful, US cannot afford a lower EUR

Around news events it's going to sell off because the view is lower euro,then some relief afterwards,the buyers come in again.

Hi again guys,

There was already chatter of a strong Chicago PMI number even before the data hit the wires. Thankfully it was true. Hopefully consumer sentiment follows and we may see the E/U upmove get contained and maybe even give back some gains.

AlphaInfinity

Looks like the pair is heading back and closing the gap, level 1.1000 is still the key level to watch, break below could open further downside towards 1.0800.

On Friday session the EURUSD initially rallied with a wide range but found enough resistance to give most of its gains back to the market although managed to close in the green near the open of the day.

The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1086 (resistance) and 1.0900 (support).

The euro recorded an insignificant increase against the dollar on Friday. The session was dynamic, and the pair gave indications for the continuation of the bullish trend from the previous day. After reaching a peak for the day at 1.1070, however, the single currency lost ground. The session ended at 1.1002, while the euro gained only 17 pips. If the upward direction continue, the currencies will make a test of resistance at 1.1095.

EUR/USD opened over the support/resistance line 1.1000 but still all day long the pair is moving in tight range.

sherifFares posted:
EUR/USD opened over the support/resistance line 1.1000 but still all day long the pair is moving in tight range.

The range will probably continue until the US Change in Non-Farm Payrolls on Friday.

The EUR/USD moving around the opening point today and currently at 1.1021, I hope that the pair will not continue in this rhythm till Friday.

The EURUSD may just be waiting for the NFP numbers to take a clear direction, but it seems like it remains weak.

Eur/Usd is suffering slow and almost flat ranging around 1.102 level. On the upside, immediate resistance level can be seen at 1.1071 and follow by 1.1110 level.

I wouldn't trade today the eur/usd wait till tomorrow

The euro registered a neutral trading against the dollar on Monday. The pair started the session at higher levels and vary within extremely narrow range throughout. The start was given at a price of 1.1033, and ended 19 pips below. Peak of the day was reached at 1.1052, and the difference between the highest and lowest value was 52 pips. If the single currency justify positive expectations, resistance at 1.1095 will be broken soon.

Yesterday the EURUSD initially rose but yet again found enough selling pressure to reverse and closed in the red near the low of the day, shy below the 10-day moving average.

The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1088 (resistance), the 10-day moving average at 1.1012 (support) and 1.0900 (support).

What I learn from the opinions is That we will have a ranging EURUSD for the next few days, between 1.0990 and 1.11 then we should expect a big change by friday(NFP) , most probably a further bearish movement. 😐

Top!
Let's see what Draghi has to announce/tell later today :)

WijnHF posted:
Top!
Let's see what Draghi has to announce/tell later today :)

Supermario attacks again!
At the moment the EURUSD is lower, we will see what happens tonight.