EUR/USD

The single currency recorded strong decline against the dollar on Monday. Depreciation of the euro has continued for a second session . As a result the support at 1.1213 was broken and currencies finished below its level. Soon it’s expected price correction and the euro may offset some of the losses. The new week started at a aprice of 1.1282 as initially bulls prevailed. Bottom of the day was hit at 1.1181and the session ended with 8 pips higher.

Yesterday the EURUSD tried to move above the 10-day moving average but found enough resistance to give all its gains back to the market and closed in the red near the low of the day with a wide range.

The currency broke below the 1.1237 (Support) like a knife in butter suggesting that the downside momentum is strong and still in place.

The next key levels to watch are 1.1237 previous support now resistance, the 50-day moving average at 1.1163 (Support) and the 1.1097 (Support).

The EUR/USD fell sharply for the 2nd day and rebound from 1.1114 which the lowest of the day while the US dollar gaining against the majors .I expect more down trend in this week.

Abdul2012 posted:
The EUR/USD fell sharply for the 2nd day and rebound from 1.1114 which the lowest of the day while the US dollar gaining against the majors .I expect more down trend in this week.

 It will probably reach the support at 1.1080 soon.

EUR/USD is testing support level 1.1110 which is September low for now I will wait for a rebound a the price to close under the support level.

The euro registered another loss the dollar on Tuesday. The negative momentum has continued for a third consecutive session and as a result of this the support at 1.1130 was broken and currencies finished below its levels. If bearish sentiment continue, the pair will test the second support at 1.1091. Trading on Tuesday started at a price of 1.1189. In early trend was neutral, but around noon bears prevailed. Bottom of the day was hit at 1.1113 and the session ended with 19 pips higher.

Yesterday the EURUSD fell for the straight third day and closed in the red near the low of the day with a narrow range a sign that the downward pressure is slowing.

The currency broke below the 50-day moving average at 1.1163 (Support) suggesting that the downward momentum is still in place.

The next key levels to watch are 1.1237 (resistance), the 50-day moving average at 1.1163 previous support now resistance, the 1.1097 (Support) and the 200-day moving average at 1.1082 (Support).

Bears take control, the pair keeps falling testing 1.1100 level.

The EUR/USD rose carefully from lowest of the week at 1.1105 but found resistance near the 1.1180 level. what about the Draghi's speech?

EUR/USD will probably retrace back to 1.1220 but that doesn't mean that the move to the downside is over.

EUR/USD rebounded from September low 1.1110 and rise 100 pips I was happy with my 50 pips profit from the rebound.

The euro recorded a slight increase against the dollar on Wednesday. The single currency broke three-day losing streak and partially recovered positions. Thus the break of support at 1.1091 was postponed and short-term expectations remain in favor of the euro. The session was opened at a price of 1.1118 as early trend was neutral. Bullish sentiment appeared at the end of trading and peak of the day was hit at 1.1212. The session ended at 1.1184.

Yesterday the EURUSD initially fell but found enough buying pressure at 1.1097 daily support to reverse and close in the green near the high of the day with a wide range, creating a bullish engulfing pattern a sign that the short –term bulls are taking the control.

The currency closed above the 50-day moving average at 1.1171 (Support) suggesting further upward momentum in the next few days.

The key levels to watch today are 1.1237 (resistance), the 10-day moving average at 1.1258 (resistance), 1.1097 daily support and the 200-day moving average at 1.1081 (Support).

As soon as the pair broke 1.1120, up they go, next target would be 1.1330.

There is a very impressive shooting star candlestick on the four-hour filter chart and it's right under the resistance at 1.1260, so it's possible it'll move to the downside again.

victoriajensen posted:
 There is a very impressive shooting star candlestick on the four-hour filter chart and it's right under the resistance at 1.1260, so it's possible it'll move to the downside again.

I see that it is possible .

Just a warning we have in 3 hours Yellen will speak lets see what she will say but most probably The market will have high volatility.

Yesterday the EURUSD tried to rally but found enough resistance at 1.1295 giving back all its gains back to the market and close in the red near the low of the day with a wide range, creating a shooting star pattern a clear sign of strong bears coming into the market.

Although the currency still managed to close above the 50-day moving average at 1.1171 (Support) and a break below it would suggest a push downward to a daily support at 1.1097.

The key levels to watch today are 1.1237 (resistance), the 10-day moving average at 1.1237 (resistance), 1.1097 daily support and the 200-day moving average at 1.1081 (Support).

The euro recorded an insignificant increase against the dollar on Thursday. Bulls prevailed in the early hours of the session and the pair reached the peak for the day at 1.1295. Immediately afterwards followed correction and currencies returned to initial levels. The session finished at 1.1228, and ultimately the single currency gained only 44 pips. It is possible breakthrough of resistance at 1.1319 if expectations for a new uptrend justify.