EUR/USD

EURUSD was exposed to huge levels of volatility following the ECB's decision to reduce its purchase schedule of €80 billion per month to €60 billion per month. EURUSD currently trades at 1.06342.

Check out chart here:

what move euro...so its still down...or reactment some i had buy....

Euro is taking a beating after the Draghi speech when it became clear that the ECB will continue its easy monetary policy. The pair went from 1.0872 to current market price of 1.0600, which is also the lowest point since the event.

The dollar rebounded against a basket of currencies on Thursday after the European Central Bank has stated that they intend to extend their asset purchase program by another nine months, while the US labor market data fell short of the forecast.
The EUR/USD fell by 0.43% to 1.0712, falling from session highs at 1.0873.

Following the announcement by ECB the single currency recorded its biggest drop against the dollar since June. As expected the bank is extending the program of quantitative easing, but surprised markets with lower monthly volume of purchases. The EUR/USD pair wiped out 139 pips to 1.0612. The price went below the moving averages, while RSI is losing ground. Attitudes remain negative and break of 1.0580 will contribute to further decline.

hii eurousd still very low what next eu now..

EUR/USD is trading lower in today's session after yesterday's attempt to push higher. The speech by ECB President Mario Draghi was the catalyst that drove the price down. Currently, EUR/USD is trading at 1.0538.

Have in mind that the FED meeting on 13-14 Dec will decide whether or not the rates are going up. This would be one of the most anticipated events of the year. Until then the US dollar dominance is expected to continue.

USD/CAD on the other hand kept losing gains today as the pair reached a low of 1.3152. Bearish camp has taken control and now next target is 1.31. Main trend on the short term remains bearish, on the long term the latest move is seen as a correction to the upward trend.

The correlation with the EUR/USD is in divergence as we're seeing a steady depreciation in both pairs.

I expect rates to go up,thats why Usd is bullish now, its pricing in before hand.

The EUR/USD pair has turned to bearish mode and is very close to the yearly low pinned this December at 1.0504. The current market price is 1.0551 and the risk is clearly facing the downside, with a break below 1.0500.

EURUSD is still under selling pressure after ECB's decision to taper its monthly bond purchase program causing the pair to crash. EURUSD is currently trading at 1.05668.

snapdragon1970 posted:
I expect rates to go up

One thing i have learnt in forex over time is not to try to predict were price will go, i just trade what i see on a daily basis....i have disabled my MT4 news feed and i dont pay attention to Inflection points, Parity, 00 levels etc, I JUST TRADE WHAT I SEE

No single indicator, not even a Trendline

Kingace posted:
No single indicator, not even a Trendline

All that stuff is just a short cut representation ,its not a true picture of what is really happening behind the scenes , anyone who tells you any different is deluded , although saying that it does give you a clue as to where retail traders are sitting , that's why you get knocked out so easily.

Expecting the events unfold this week.

Long term downtrend seems intact, but the pair still holds above the support zone 1.0520/00. Another critical week for Eur/Usd, I would wait for Wednesday FED's interest rate decision.

Yes, it's in long term downtrend and it continues to fall.

On the last Friday’s session the EURUSD fell again but this time with a narrow range and closed near the low of the day, also managing to close below Thursday’s low, which suggests a strong bearish momentum.

The currency pair is trading below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0650, a daily resistance at 1.0622, (support) and the all-time low at 1.0462.