EUR/USD

Pretty much nothing interesting happened to the pair this week.

The week has ended negative for the EUR.

It's time for correction, I believe.

If EUR/USD manages to stay above 1.1600, then the bullish trend will resume.

deresel posted:
If EUR/USD manages to stay above 1.1600, then the bullish trend will resume.

Agree. I am waiting the pair to go above 1.1620 to open a long position.

Could be looking at a MASSIVE FINANCIAL CRISIS following BREXIT: 'would be the end of the single market and the European project'.


In an interview with the German newspaper Frankfurter Allgemeine Zeitung, Mr Barnier said Mrs May's plans 'would be the end of the single market and the European project'.
'The British have a choice,' he said.
'They could stay in the single market, like Norway, which is also not a member of the EU - but they would then have to take over all the associated rules and contributions to European solidarity. It is your choice.
'But if we let the British pick the raisins out of our rules, that would have serious consequences.
'Then all sorts of other third countries could insist that we offer them the same benefits.'

https://www.bbc.co.uk/news/uk-politics-45389610


Trying to get out of one recession now we could be on the brink of entering another recession!!!

On the last Friday’s session, the EURUSD fell with a wide range and close near the low of the day, in addition, managed to close below Thursday’s range, which suggests a strong bearish momentum.

The currency pair closed below the 10 and the 50-day moving averages, both should provide a dynamic resistance, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: Daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1634 (resistance), the 50-day moving average at 1.1605 (resistance), a daily support at 1.1555, other daily support at 1.1459.

EURO & STERLING COULD BE LOOKING AT BELOW PARITY WITH THE $ IF THERE IS NO AGREEMENT!!!

The EURUSD attempted to push higher last week topped at 1.1733 but whipsawed to the downside and closed lower at 1.1607. Price broke below the trend line support as you can see on my H4 chart below suggests a bullish failure. The bias is bearish in nearest term especially if price able to move consistently below 1.1600 and the H4 EMA 200, testing 1.1550 – 1.1500 region. Immediate resistance is seen around 1.1650. A clear break and daily close back above that area could lead price to neutral zone in nearest term as direction would become unclear. My major technical outlook remains neutral.

The Euro is holding up today, probably we'll see more to the upside this week.

On yesterday session, the EURUSD rallied with a narrow range and closed near the high of the day, however, closed within Friday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair closed above the 50-day moving average, that should provide a dynamic support, nonetheless, it continues to trade below the 10 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1636 (resistance), the 50-day moving average at 1.1602 (support), a daily support at 1.1555, other daily support at 1.1459.

On yesterday session, the EURUSD initially fell but found enough support near 1.1555 to trim some of its losses and closed in the middle of the daily range, in addition, managed to close below Mondays’ low, which suggests a bearish momentum.

The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1632 (resistance), the 50-day moving average at 1.1598 (resistance), a daily support at 1.1555, other daily support at 1.1459.

On yesterday session, the EURUSD initial fell but found enough buying pressure to reverse and closed near the high of the day, in addition, managed to close above Tuesdays’ high, which suggests a strong bullish momentum.

The currency pair closed above the 50-day moving average, that should provide a dynamic support, nonetheless, it continues to trade below the 10 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1638 (resistance), the 50-day moving average at 1.1597 (support), a daily support at 1.1555, other daily support at 1.1459.

euro / dollar, move up. Support 1.1615 - the resistance is 1.1720, the next is 1.1820. I recommend purchasing 1.16--1.1640, stop-loss 1.1590.

Justice1024 posted:

deresel posted:
If EUR/USD manages to stay above 1.1600, then the bullish trend will resume.

Agree. I am waiting the pair to go above 1.1620 to open a long position.

I've closed the position with a small profit, as the growth seems limited.

Let's see what NFP brings us today. Forecasts are very mixed, surprises are not excluded.

The Dollar is showing signs of weakness as the Euro is going higher today. I think we can reach 1.1720 next week.

On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition, managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair closed above the 50-day moving average, that should provide a dynamic support, nonetheless, it continues to trade below the 10 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1635 (resistance), the 50-day moving average at 1.1597 (support), a daily support at 1.1555, other daily support at 1.1459.

EUR/USD is back at 1.1550 and it is still quite bearish, next week the move to the downside will likely continue.