EUR/USD

Eurousd for sleeping Now :)

It hit support zone.

The single currency recorded a decline against the dollar on Friday. The session started at 1.1107 and ended 96 pips lower. The graphics continued to develop under the moving averages, while the index of relative strength remained in the oversold area. For now, the bears are leading, but the ongoing movement will need a break of the first resistance.

On Friday session the EURUSD fell with a narrow range and close in the red near the low of the day breaking thru the 200-day moving average like a knife in butter on a summer day.

After Friday strong downward move, we may expect today a small pullback to the 200-day moving average before another push downward.

The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1076 (resistance) and 1.0900 (support).

The push is downward,Europe wants parity or close to it,cheap goods for export,kickstart this economy.

the problem with europe and canada (less) is that they are socalist countries ,never seen one that succeded

as soon as the us gets rid of the socialist an put back a better governent the economy will jack up very fast

EUR/USD bounced off the support at 1.1000 today and consolidation continued. I doubt it will manage to break below that level before the FOMC rate decision announcement on Wednesday.

EUR/USD recovered little bit today around 60 pip but the market still low and consolidate,let us see what is the pair going to act tomorrow.

The market is so calm before Wednesday's FOMC statement.

rob559 posted:
the problem with europe and canada (less) is that they are socalist countries ,never seen one that succeded

Sorry we are not Socialist countries, We have socialist aspects , but we are very happy with that, More security and security. You must be from the US with such a wrong statement. There are socialist aspects like Social welfare and Universal education and Medical services, but the eocnomy works in a totally capiltalist way. So we do not want an agressive system like in the US where many people have no rights. Purely Capitalist is no good for us.

tommy2308 posted:

rob559 posted:
the problem with europe and canada (less) is that they are socalist countries ,never seen one that succeded

Sorry we are not Socialist countries, We have socialist aspects , but we are very happy with that, More security and security. You must be from the US with such a wrong statement. There are socialist aspects like Social welfare and Universal education and Medical services, but the eocnomy works in a totally capiltalist way. So we do not want an agressive system like in the US where many people have no rights. Purely Capitalist is no good for us.

Off topic, We can discuss this in another thread, No intention of arguing;)

EURUSD will test 1.10 support today In my opinion

Most likely will get a bounce just before,then a falling knife after.

Well that could depend on Rate Hke or not? US does not want the EURUSD further down

I agree with the most of you... it will stay in consultation between 1.10--- and 1.11--- range till Thursday.
In the meantime possibility to swing trade a bit. But for the real breakouts we will have to wait at the FOMC ....

- Let's make some money! -

EVery time the DOllar gets very high or strong, we end up in a war in middle East, watch out, when USD hits its peak, The US starts a big War. This will be with the next president, most probably a republican one

Eur/Usd seems made minor recovery from the strong negative tone. Immediate resistance level located at 1.1055 and follow by 1.1088.

sherifFares posted:
The market is so calm before Wednesday's FOMC statement.

the calm before.......