EUR/USD

channel about to break if it does it will be a big pips maker

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csc2009 posted:
Euro is under selling pressure ahead of scheduled speech from Draghi later on today. The immediate support can be found at 1.0897.

If EUR/USD breaks below the resistance at 1.0897 next target will likely be 1.0830.

1.0960 still proves a strong support level for EUR/USD, let's see what Draghi will say tonight.

I have no doubt that the next level will be 1.0900 to be tested and the EUR/USD is bearish.

The single currency registered a slight decrease against the dollar on Tuesday.The pair moved closer to the support at 1.0894 and if bearish sentiment boost, it will be broken soon. The session started at a price of 1.1014 as at the beginning the trend was neutral. The euro started losing ground in the late morning and continue until reaching the lowest levels of the day at the level of 1.0937. The session finished at 1.0961.

Bearish looking on the 4 hour and daily ,might get a few buyers coming in before any news on Friday,Wednesday can be a funny day might get some surprise.

Yesterday the EURUSD fell with a wide range and closed in the red near the low of the day, below the 10-day moving average.

The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1090 (resistance), the 10-day moving average at 1.0996 (support) and 1.0900 (support).

It seems bears continue to dominate the session, break below the immediate support level around 1.0900 would push the pair towards the psychological level at 1.08.

We still have to see what the result of the NFP will be, but they could potentially push the pair much lower than 1.0800.

The EUR/USD fell under the 1.0900 support level and found enough support near to 1.0845 level to stop the declining by the end of the day. But still seeing the trend falling.

EUR/USD broke under support level 1.1000 next level is July low 1.0810, lets see how the NFP will go on Friday.

There is no psychological level until the mood changes and I for one won't be buying at these levels,until we get some positive news.


Be lucky

The euro recorded a significant decrease against the dollar on Wednesday. The single currency registered losses for a second day and consequently both supports at 1.0894 and 1.0852 were broken. The expectations remain in favor of the US dollar, the negative trend is likely to continue until reaching the key level at 1.0806. Wednesday session started at 1.0961, and the euro finished with 98 pips lower. Bottom of the day was hit at 1.0844.

Yesterday the EURUSD fell with a wide range and closed in the red near the low of the day, breaking below the 1.0900 support.

The key levels to watch are 1.1097 (Resistance), the 10-day moving average at 1.0974 (resistance), 1.0900 (Resistance) and 1.0819 (support).

The EUR/USD in a tight range today tested the support at 1.0845 but rose above it. Let us see tomorrow if it is going to break the support level.

EUR/USD is consolidating around the opening price, tomorrow is the NFP.

Euro registered a neutral trading against the dollar on Thursday. The single currency kept the lower levels reached in the previous session and the pair continued to trade in a very narrow range. Short-term indicators are in favor of the euro. In this case it can be expected a break of the resistance at 1.0969. Thursday session started at a price of 1.0863 and the ended at 1.0882. The difference between the lowest and highest value for the day was 63 pips.

Yesterday the EURUSD initially fell but found enough buying pressure to turn around and closed in the green near the high of the day.

Today is the main event of the week for the pair with the US nonfarm payrolls and the unemployment rate later today, so we may expect some volatility.

The key levels to watch are 1.1097 (Resistance), the 10-day moving average at 1.0958 (resistance), 1.0900 (Resistance,) 1.0819 (support) and 1.0622 (Support).

The pair is trading sideways and seems capped by the 1.0900 level. NFP plus profit taking, tomorrow will be interesting.