victoriajensen
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The break below 1.0600 so far isn't confirmed, but I have little doubt that the pair will soon reach 1.0519 and will probably fall much lower than that.
The break below 1.0600 so far isn't confirmed, but I have little doubt that the pair will soon reach 1.0519 and will probably fall much lower than that.
fxstrategist
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Eurusd
The EURUSD keeps testing the 1.0600 level, another touch of that level and the price may break below it.
The EURUSD keeps testing the 1.0600 level, another touch of that level and the price may break below it.
Yesterday the EURUSD initially fell but found enough support at 1.0622 to turn around although closed in the red but near the high of the day, suggesting a pullback for today.
The 10-day moving average continues to push the currency down acting as a strong resistance.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0679 (resistance), 1.0622 (Support), and 1.0462 (support).
The 10-day moving average continues to push the currency down acting as a strong resistance.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0679 (resistance), 1.0622 (Support), and 1.0462 (support).
The single currency recorded a dynamic session against the dollar on Monday. The pair remained at the lower levels reached last week, but thanks to volatile trading all the time, support at 1.0613 was broken. Currencies, however finished above the key level and short-term expectations are in favor of the euro. Monday session started at a price of 1.0638 finished 3 pips below. The difference between the lowest and highest value for the day was 63 pips.
Sherif Fares
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Yesterday on daily chart market made a doji, today EUR/USD is trading around the opening price most probably a second Doji is going to be formed. the market is waiting for the FED meeting before any big movement.
I agree, the pair is back to range between 1.0620-1.0690 before the next big change.
fxstrategist
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Eurusd
A lot of indecision on the EURUSD and the consolidation may continue towards the end of the week.
A lot of indecision on the EURUSD and the consolidation may continue towards the end of the week.
The euro registered a slight increase against the dollar on Tuesday. The session was calm with no significant changes in the price. Short-term expectations remain in favor of the single currency. In this case the resistance at 1.0780 is threatened. The sessions started at 1.0635 and initially bulls prevailed. After being marked a peak at 1.0672, the price went through a correction and the final was set to level 1.0642.
Yesterday the EURUSD initially rose but found enough selling pressure near the 10-day moving average to reverse but still managed to close in the green at the middle of the daily range, suggesting a down day for today.
The 10-day moving average continues to push the currency down acting as a strong resistance.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0663 (resistance), 1.0622 (Support), and 1.0462 (support).
The 10-day moving average continues to push the currency down acting as a strong resistance.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0663 (resistance), 1.0622 (Support), and 1.0462 (support).
Sherif Fares
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Finally the pattern is broken and EUR/USD fell under 1.0600 but still waiting for the close of today before opening a short position.
victoriajensen
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EUR/USD finally broke below 1.0600 and is likely headed for 1.0520. If it breaks below that support we will probably see it test 1.0479, which is the previous low.
The euro is losing ground against the dollar on Wednesday. The single currency did not meet the positive expectations and recorded a decrease against the dollar. As a result, the support at 1.0568 was pierced after reaching a bottom for the day at 1.0566. Subsequently, however, the losses were partially restored and the currencies finished at 1.0623. If bearish sentiment continue, the pair will test the support at 1.0517.
Yesterday the EURUSD went back and forward with a wide range, creating an outside day then closed in the red at the middle of the daily range, suggesting another down day for today.
The 10-day moving average continues to push the currency down acting as a strong resistance.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0651 (resistance), 1.0622 (Support), and 1.0462 (support).
The 10-day moving average continues to push the currency down acting as a strong resistance.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0651 (resistance), 1.0622 (Support), and 1.0462 (support).
victoriajensen
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Yes, I doubt the tight 30-pips EUR/USD range will end before the end of the holidays. Next week however we'll probably see a move to the downside towards 1.0500.
