EUR/USD

Eur/Usd seems in the recovery mood, Brexit fears are still driving the market, the pair might face more correction on the downside.

The pair is still testing the support at 1.1000 indeed. I do think it will break below that level soon though, and continue towards 1.0900, perhaps even 1.0800.

Abdul2012 posted:
That was impressive drop for the EUR/USD today and the support level at 1.1005 is under pressure of the strong US dollar, Breaking below will drive the the pair to the 1.0990 level.

The resistance at 1.0990 tested today as i was expecting yesterday but the EUR/USD couldn't break below so it is good opportunity to go short.

EUR/USd attempted to test the support level and failed to break under, still waiting for a rebound sign or a break of the support.

Good drop on the EURUSD, the pair remains weak, but it may also be time for a correction, lets see how it keeps going.

Below 1.10 on weak IFO.

The single currency lost ground against the dollar for a second day after trading in a relatively narrow range. The daily limit values were reached respectively at 1.1052 and 1.0989, as the euro depreciated by 9 pips to a closing price of 1.1018. Thus, the pair marked a decline of 2.8% over the last eight sessions. Technical outlook remains negative, downward crossing of the moving averages will contribute to the bearish sentiment. Main target downwards remain 1.0960.

Yesterday the EURUSD went back and forward with a narrow range and closed in the middle of the daily range, however managed to close within the previous day range, suggesting lack of momentum.

The pair is trading below the 10 and the 200-day moving averages that are acting as dynamic resistances however is still trading above the 50-day moving average that are acting as dynamic support.

The key levels to watch are: The previous swing high at 1.1376, a daily resistance at 1.1237, the 10-day moving average at 1.1106 (resistance), a daily resistance at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0982 (support) and a daily support at 1.0900.

The EUR/USD might attempt to reach 1.09 this week. Important news later today!

A second day the EUR/USD is trading around open price which proves that the support level remains and the market is uncertain, EUR/USD failed to break under the support levels and rebounded to sustain over 1.1000, most probably we will see a rebound from this levels second option if price succeeded to stay under support line will be a good opportunity for going short.

sherifFares posted:
A second day the EUR/USD is trading around open price which proves that the support level remains and the market is uncertain, EUR/USD failed to break under the support levels and rebounded to sustain over 1.1000, most probably we will see a rebound from this levels second option if price succeeded to stay under support line will be a good opportunity for going short.

I agree with you on that, Let us see what will be the next move for the EUR/USD till the end of this week.

That break below 1.1000 proved to be false unfortunately and we'll probably have to wait for the fundamentals later this week to push the pair below that level if they do at all.

No clear direction on the EURUSD, the price is only showing some weakness, but no decision yet as to where to move. Let’s see if it breaks the 1.1100 or the 1.0900.

The pair recovered and back above 1.1000 level, but upside seems limited due to lack of momentum.

Yesterday the EURUSD went back and forward with a wide range and closed in the middle of the daily range, however managed to close within the previous day range, suggesting lack of momentum and possible consolidation.

The pair is trading below the 10 and the 200-day moving averages that are acting as dynamic resistances however is still trading above the 50-day moving average that are acting as dynamic support. The Moving averages are squeezing the price let’s wait to see where it will pop.

The key levels to watch are: The previous swing high at 1.1376, a daily resistance at 1.1237, the 10-day moving average at 1.1086 (resistance), a daily resistance at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0983 (support) and a daily support at 1.0900.

It seems the EUR/USD reached a turning point, let's see if the price reacts to the support level! 1.10 make it or break it.

Need better US data as the new home sales was dissapointing. Eye on jobless and durable goods later today for EURUSD to break its right bond.

EUR/USD formed another spinning top candlestick on the daily time frame above the resistance at 1.1000, it appears that the pair will bounce off that support.

Not much movement for today for EUR/USD.