EUR/USD

The euro recorded a second consequential reduction against the dollar on Thursday. Bearish sentiment was again leading and so the pair broke the support at 1.0838, after hitting bottom for the day at 1.0802. If expectations for the continuation of the downward trend is justified, currencies will test the level at 1.0795. The session on Thursday started at 1.0906, but in the first hours the single currency suffered losses. So the sessions closed at 1.0825.

Well, ... GOOD MORNING Europe (opening) ! :)

Well, ... GOOD MORNING Europe (opening!)!
😀

[email protected] for information about investing in our Alternative Hedge Fund or 'TRADE YOURSELF' platform...

Yesterday the EURUSD fell with a narrow range and close near the low of the day, in addition closed below the previous day low, all suggesting that the bears remain in control.

The 50-day moving average is acting as a dynamic support and held the price yesterday plus a close below it would signal a stronger bearish move.

The key levels to watch are: the 10-day moving average at 1.0928 (resistance), the 1.0900 (resistance), the 50-day moving average at 1.0824 (support), 1.0819 (support) and 1.0703 (support).

yes... we need to remember that it will go 1 to 1 with USD...

victoriajensen posted:
 If one thing became certain after the fundamentals last night that is EUR/USD will likely continue falling. It broke below the support at 1.0845 and I think it will continue moving to the downside at least until it reaches the next level of support at 1.0785.

The pair has already tested 1.0800 level, break below it would turn to next support zone 1.0785/80.

systemafx posted:
yes... we need to remember that it will go 1 to 1 with USD...

PARITY is incoming :)

csc2009 posted:

victoriajensen posted:
 If one thing became certain after the fundamentals last night that is EUR/USD will likely continue falling. It broke below the support at 1.0845 and I think it will continue moving to the downside at least until it reaches the next level of support at 1.0785.

The pair has already tested 1.0800 level, break below it would turn to next support zone 1.0785/80.

1.0800 proved too strong a support for it to break below this week, but I think next week we'll see a further move to the downside towards 1.0785, perhaps even 1.0700.

I agree Victoria!
But in 45min. could give some openings (already) below 1.08--- range.

Enjoy your weekend all.

Robert
[email protected]
+31625120923

It was ordinary Friday with tight pattern for the EUR/USD, but surely the 1.0800 level will not hold on next week.

EUR/USD is trading over the support level 1.0800, but the trading range is tight for today.

The pair losses limited by the 1.0800 level, further downside movement might be expected next week.

So much fun this last week!

EUR/USD has shown a progress on Friday and thus broke a three-day losing streak. However, the single currency reported negative week,for which mostly contributed the tightening of stimulus by the Fed on Wednesday. Overall EUR/USD rose 50 pips for the day, but lost over 110 pips for the week to 1.0872. In short term the negative outlook prevail, but for a continuing decline is needed overcoming the levels at 1.0805.

On Friday session the EURUSD rose but and closed in the green, near the high of the day but closed within previous day range, suggesting that the pair turn into a consolidation mode.

The 50-day moving average is acting as a dynamic support and held the price on Friday and until we see a close below it we should stick with the bullish guns.

The key levels to watch are: the 10-day moving average at 1.0913 (resistance), the 1.0900 (resistance), the 50-day moving average at 1.0817 (support), 1.0819 (support) and 1.0703 (support).

csc2009 posted:
The pair losses limited by the 1.0800 level, further downside movement might be expected next week.

The pair might move to the downside again but with the way things are going that will probably happen after the end of the holidays. Until then we'll probably see just range.

EUR/USD is struggling against the resistance levels 1.0930, I don't think with the Holidays coming there will be much volatility.

sherifFares posted:
EUR/USD is struggling against the resistance levels 1.0930, I don't think with the Holidays coming there will be much volatility.

I have the same feeling as yours, but i will stay tune for any short opportunity this week.

The EURUSD could go back down towards the 1.0800 level, especially if the US fundamentals come out better than expected.