EUR/USD

Euro/dollar was hesitant last week. Signals are neutral in the short term, probably with slight bullish signals for testing 1.1060. A clear break and daily close above that level could trigger further bullish pressure testing the trend line resistance at 1.1150 - 1.1180, which is a good place for a short position with tight stop loss.

deresel posted:
I think it's time for shorts. TP - 1.0720.

yes i think the same, however wait until daily candle is broken maybe tomorrow or sometime this week.

What do you use for your analysis, and where do you think it will drop to?

To me I still think the pair is bullish and will reach the 1.1800 level.

We wont know for sure until the start of the month when money is reinvested by the big players.

I think that EUR/USD is bound for the downside, but it's likely it will continue climbing for a little while longer until it reaches 1.1040 at best before it starts plunging again.

The EUR/USD tried to climb today but rebound from Fibonacci 1.0993 and i see no interesting news this week. Strong buy in the market today.

EUR/USD is trading around the open price I think it is normal as it is still the holiday season I doubt much volatility will be on the pair

Wassim posted:

snapdragon1970 posted:

Wassim posted:
The EUR/USD drop since 2008 is a correction of the uptrend from October 2000. i believe the pair will not drop any lower, and if it does it will be minimum.

I am bullish on the pair for the next 5 years or so.

Same here,bullish on the Euro,watch my video on the Fed...

where can i find the video?

The link is in VIP videos section New Traders'the mind set of the FED'.

The pair is consolidating just below 1.100, the level seems to be a strong psychological resistance level, break above it would lead to next target 1.1045/55 zone.

The single currency remained practically unchanged against the US dollar at a level of 1.0965. The graphics continued to develop above the moving averages, while the index of relative strength remained at neutral territory. The peak was reached at 1.0992 and the bottom at 1.0958. The outlook remains positive, as an immediate target are levels at 1.0975.

EUR/USD reached the resistance at 1.0990 - 1.1000, failed to break above that level and fell sharply. The pair will likely reach the support at 1.0900, and if it breaks out below that level it will continue towards the next support at 1.0800.

stocks are to open higher,wall street under pressure to deliver a year end rally,crude oil futures are going up,I expect a bounce off this 900 level,how long it will last is questionable .

I agree with VictoriaJensen, i think the wall street rally will end up pushing it towards the support around 1.0800, however it may take a few days in this range before it breaks out.

The EUR/USD failed to broke below the 1.0900 support level today what makes me think that it may rise up to that 1.0990 resistance again.

EUR/USD is testing the support level 1.0920, I need to see a close under the support level next level will be 1.08340 which is the month lowest close price.

Eur/Usd has found support at 1.0900 level, but the liquidity is terribly low, bearish movements remain limited. Let's see there will be any significant change before the new year.

The single currency recorded a decrease against the US dollar on Tuesday. The session started at a price of 1.0965 and ended 47 pips lower. Daily extreme values were reached respectively at 1.0991 and 1.0899. If EUR/USD meet the negative attitudes, next target seems to be levels at 1.0854.

csc2009 posted:
Eur/Usd has found support at 1.0900 level, but the liquidity is terribly low, bearish movements remain limited. Let's see there will be any significant change before the new year.

You're right, the pair reached 1.0900 but couldn't break below that support. Range will likely continue, so we can expect a new move to the upside towards 1.0980 again.

As i was expected yesterday that today will be off profit and the EUR/USD as we close to the new year holidays, The pair probably will continue decline under the 1.0900 level by tomorrow.