victoriajensen
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Indeed, the pair is moving to the downside again. I think it will reach the support at 1.1150.
Sherif Fares
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If price close under 1.1190 today, the way will be open to 1.1160 then September lowest price.
I am totally agree with your analysis.
The single currency recorded strong decline against the dollar on Monday. Depreciation of the euro has continued for a second session . As a result the support at 1.1213 was broken and currencies finished below its level. Soon it’s expected price correction and the euro may offset some of the losses. The new week started at a aprice of 1.1282 as initially bulls prevailed. Bottom of the day was hit at 1.1181and the session ended with 8 pips higher.
trade2bpro
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BOth H1 & H4 timeframes show a clear downtrend.
Yesterday the EURUSD tried to move above the 10-day moving average but found enough resistance to give all its gains back to the market and closed in the red near the low of the day with a wide range.
The currency broke below the 1.1237 (Support) like a knife in butter suggesting that the downside momentum is strong and still in place.
The next key levels to watch are 1.1237 previous support now resistance, the 50-day moving average at 1.1163 (Support) and the 1.1097 (Support).
The currency broke below the 1.1237 (Support) like a knife in butter suggesting that the downside momentum is strong and still in place.
The next key levels to watch are 1.1237 previous support now resistance, the 50-day moving average at 1.1163 (Support) and the 1.1097 (Support).
victoriajensen
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It will probably reach the support at 1.1080 soon.
Sherif Fares
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EUR/USD is testing support level 1.1110 which is September low for now I will wait for a rebound a the price to close under the support level.
The euro registered another loss the dollar on Tuesday. The negative momentum has continued for a third consecutive session and as a result of this the support at 1.1130 was broken and currencies finished below its levels. If bearish sentiment continue, the pair will test the second support at 1.1091. Trading on Tuesday started at a price of 1.1189. In early trend was neutral, but around noon bears prevailed. Bottom of the day was hit at 1.1113 and the session ended with 19 pips higher.
Yesterday the EURUSD fell for the straight third day and closed in the red near the low of the day with a narrow range a sign that the downward pressure is slowing.
The currency broke below the 50-day moving average at 1.1163 (Support) suggesting that the downward momentum is still in place.
The next key levels to watch are 1.1237 (resistance), the 50-day moving average at 1.1163 previous support now resistance, the 1.1097 (Support) and the 200-day moving average at 1.1082 (Support).
The currency broke below the 50-day moving average at 1.1163 (Support) suggesting that the downward momentum is still in place.
The next key levels to watch are 1.1237 (resistance), the 50-day moving average at 1.1163 previous support now resistance, the 1.1097 (Support) and the 200-day moving average at 1.1082 (Support).
victoriajensen
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The pair bounced off the support at 1.1100 and will probably retrace back to 1.1220 but that doesn't mean that the movement to the downside is over.
Sherif Fares
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EUR/USD rebounded from September low 1.1110 and rise 100 pips I was happy with my 50 pips profit from the rebound.
The euro recorded a slight increase against the dollar on Wednesday. The single currency broke three-day losing streak and partially recovered positions. Thus the break of support at 1.1091 was postponed and short-term expectations remain in favor of the euro. The session was opened at a price of 1.1118 as early trend was neutral. Bullish sentiment appeared at the end of trading and peak of the day was hit at 1.1212. The session ended at 1.1184.
Yesterday the EURUSD initially fell but found enough buying pressure at 1.1097 daily support to reverse and close in the green near the high of the day with a wide range, creating a bullish engulfing pattern a sign that the short –term bulls are taking the control.
The currency closed above the 50-day moving average at 1.1171 (Support) suggesting further upward momentum in the next few days.
The key levels to watch today are 1.1237 (resistance), the 10-day moving average at 1.1258 (resistance), 1.1097 daily support and the 200-day moving average at 1.1081 (Support).
The currency closed above the 50-day moving average at 1.1171 (Support) suggesting further upward momentum in the next few days.
The key levels to watch today are 1.1237 (resistance), the 10-day moving average at 1.1258 (resistance), 1.1097 daily support and the 200-day moving average at 1.1081 (Support).
