victoriajensen
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EUR/USD continued moving to the downside and today it broke below 1.0900. The pair will likely continue dropping and its next target is probably at 1.0850, which is the previous low.
The single currency recorded a modest decline against the US dollar on Thursday. The pair lost 19 pips to closing price of 1.0890. In the short-term the outlook remains bearsih, as the pair extends its decline below the moving averages. Technical indicator are showing oversold conditions. Support is seen at 1.0815 and resistance is placed at 1.0980 next at 1.1160.
The euro rose against the dollar on Friday. By the end of the Asian session, EUR/USD was trading at 1.0911, gaining 0.14%. I believe that the support is now located at the level of 1.0862, the low of Thursday, and resistance is likely at the level of 1.1300 - the maximum of Wednesday.
Yesterday the EURUSD went back and forward without any clear direction although in the end managed to close in the red, near the low of the day, in addition the pair closed below previous day low, which suggests a strong bearish momentum.
The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1084 (resistance), the 10-day moving average at 1.1032 (resistance), a daily resistance at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).
The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1084 (resistance), the 10-day moving average at 1.1032 (resistance), a daily resistance at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).
victoriajensen
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EUR/USD is still testing the support at 1.0870. Even if it breaks below that level I doubt it will fall below 1.0850 before the market closes today.
arigoldman
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USD very good rally!
The euro was down against the US Dollar on Friday. By the close of US trading EUR/USD was trading at 1.0854, shedding 0.39%. I believe that the support is now located at the level of 1.0831, the low of Friday's trading, and resistance is likely at the level of 1.1300 - the maximum of Wednesday.
On the last Friday’s session the EURUSD initially rose but found enough selling pressure around 1.0920 to reverse and closed near the low of the day, also managed to close below Thursday’s low, which suggests a strong bearish momentum.
The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1076 (resistance), the 10-day moving average at 1.1020 (resistance), a daily resistance at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).
The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1076 (resistance), the 10-day moving average at 1.1020 (resistance), a daily resistance at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).
victoriajensen
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EUR/USD is still testing the support at 1.0760, but considering how bearish this pair is it's very likely that it will eventually break below that level and reach at least 1.0700.
The single currency recorded its worst week since mid-June after on Friday closed with a loss against the dollar for the fifth consecutive day. The euro depreciated by over 200 pips for the week to 1.0846. The price turned out to be the lowest since early January. Current technical attitudes support bears and further declines if the price holds lower than 1.0820.
Euro / dollar made a bearish momentum last week, bottomed at 1.0830 and hit 1.0798 during Asian session today. The bias remains bearish for a test of 1.0700. Resistance for the day is 1.0850. A clear break above that area could lead price to neutral zone testing 1.0900 or higher. The main technical outlook remains neutral.
The euro continued sloping downwards on Monday and closed at lowest level for over a year. The single currency depreciated by 96 pips to 1.0736. The downward trend was broken by positive data on industrial production in the eurozone, but reached intraday low at 1.0708. Technicalyl bears continue to dominate. Yesterday's low level is a major challenge and crucial for long-term attitudes.
Yesterday the EURUSD fell with a wide range, making a new 2016 low at 1.0709 and closed in near the low of the day, in addition the pair managed to close below previous day low, which suggests a strong bearish momentum.
The pair is trading well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: the 10-day moving average at 1.0962 (resistance), a daily resistance at 1.0900, other daily resistance at 1.0819 (support), the new 2016 low at 1.0709 (support) and a Fibonacci extension at 1.0666 (support).
The pair is trading well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: the 10-day moving average at 1.0962 (resistance), a daily resistance at 1.0900, other daily resistance at 1.0819 (support), the new 2016 low at 1.0709 (support) and a Fibonacci extension at 1.0666 (support).
victoriajensen
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EUR/USD bounced off of 1.0709 yesterday, but it appears that the move to the upside is over already because it failed to break above 1.0815, formed a hanging man candlestick on the one-hour time-frame and started dropping. Next target is likely yesterday's low at 1.0709.
