EUR/USD

Yesterday the EURUSD opened below the 10-daymoving average and tried to stay above it but quickly failed four a second time thus giving most of its gains back to the market with a narrow range but managed to close in the green near the open of the day.

The key levels to watch are 1.1460 (Resistance), the 10-day moving average at 1.1371 (resistance), the 50-day moving average at 1.1267 (support) and 1.1237 (support).

EUR/USD broke yesterday the negative series and recorded a successful first session of the last four. The euro rose by 20 pips to a closing price of 1.1344 after trading within the extreme values 1.1386 and 1.1323. Overall markets are waiting the meeting of the ECB, which is supposed to hint about further monetary stimulus including an increase in quantitative easing by year-end. Technical attitudes are neutral with immediate levels at 1.1315 and 1.1370.

Not expecting any big changes before the ECB decision, the pair remains mild bullish trend with psychological support level is located at 1.1300.

The market barely moved today.the EUR/USD is trading around the opening price.

sherifFares posted:
The market barely moved today.the EUR/USD is trading around the opening price.

Yes, it seems almost completely asleep, but that's like the calm before the storm. I expect a lot of volatility tomorrow.

For the EUR/USD I am out today, waiting for tomorrow hoping the ECB will move the pair.

As the single currency has remained confined within familiar range, retaining our view that further consolidation above support at 1.1306 would be seen and another corrective bounce to 1.1387 cannot be ruled out, however, minor resistance at 1.1419 should limit upside and price should falter below 1.1450-60, bring another decline, below said support at 1.1306 would add credence to our view that top has been formed at 1.1495, bring test of previous support at 1.1263 but price should stay well above support at 1.1212.

In view of this, we are looking to sell euro again on subsequent recovery as 1.1430 should limit upside and bring another decline. Only above 1.1450 would abort and suggest the retreat from 1.1495 has possibly ended, bring retest of this level later which is likely to hold from here.

The single currency remained without any significant changes against the dollar on Wednesday, and was trading at 1.1337 at the end of the session. Daily extreme values were reached in a relatively narrow range, respectively 1.1377 and 1.1334. All are waiting for Mario Draghi’s comments today that are expected to pull down the euro, given the recent deterioration of the German economy and deflation in the Eurozone. Technically pair remains under the sword 50-period moving average, but to reinforce negative attitudes need to break 1.1280. Technically the pair remains below the 50-period moving average, but a break of 1.1280 will reinforce the negative attitudes.

Yesterday the EURUSD opened below the 10-daymoving average and tried for the third time to stay above it but quickly failed thus giving all its gains back to the market with a narrow range, creating an inside day and close in the red near the low of the day.

Today is the main event of the week for the pair with the ECB Monetary policy statement and press conference later today, so we may expect some volatility.

The key levels to watch are 1.1460 (Resistance), the 10-day moving average at 1.1363 (resistance), the 50-day moving average at 1.1263 (support) and 1.1237 (support).

Today's fundamentals finally ended the EUR/USD consolidation and the pair moved to the downside again. It broke below the support at 1.1160 and I expect that it will continue falling until it reaches the support at 1.0900.

The EUR/USD recorded new lowest for this month at 1.1119 after dropping more than 220 pip following the ECB announcement and i am pretty sure that we will see more drop in the pair in the coming days.

victoriajensen posted:
 Today's fundamentals finally ended the EUR/USD consolidation and the pair moved to the downside again. It broke below the support at 1.1160 and I expect that it will continue falling until it reaches the support at 1.0900.

That was a huge drop with the ECB press conference and interest rate deecision

The single currency recorded its worst performance against the dollar since January, losing over two figures during yesterday's session to a closing price of 1.1107. The pair traded at levels of one-month low at 1.1100, while the highest point was reached at 1.1350. The ECB left its monetary policy unchanged yesterday, but Draghi’s intention to continue with incentives later in the year dragged the euro. The price went below average values, while the index of relative strength hints oversold market. Confirmed break of 1.1080 will enable further decline.

Yesterday the EURUSD plunged 233 pips after the ECB Monetary policy statement and press conference. The pair made with a wide range day and closes in the red near the low of the day a few pips away of the 200-day moving average.

After yesterday strong downward move, today we may expect a small pullback.

The key levels to watch are 1.1237 (Resistance), the 200-day moving average at 1.1075 (support) and 1.0900 (support).

According to Goldman Sachs, the Euro could finish the year at 1.0500 if the ECB makes good on its promise of more QE on December.

Eur/Usd continued its declines towards to the key support level 1.1000, further below 1.1000 would extend the pair bearish momentum.

The pair will most likely reach 1.0900 and perhaps even break below that level, but the end of the correction and the continuation of the bearish trend will be confirmed after it breaks below 1.0460.

EUR/USD is testing 2 months low support level 1.100 next level will be 1.0800

Another bad day for the Euro against the US dollar, 1.1000 tested but stay hard on the pair. Breaking below it will confirm more decline.