Thank you, same to you! :clover:
On the last session day the EURUSD fell and closed in the red, near the low of the day in addition managed to close below previous day low, suggesting a strong bearish momentum is settling in.
The pair closed below 10-day moving average that was acting as a dynamic support and now should turn to a dynamic resistance.
The key levels to watch are: the 200-day moving average at 1.1064 (resistance), the 10-day moving average at 1.0924 (resistance), the 1.0900 (resistance) and 1.0819 (support).
The pair closed below 10-day moving average that was acting as a dynamic support and now should turn to a dynamic resistance.
The key levels to watch are: the 200-day moving average at 1.1064 (resistance), the 10-day moving average at 1.0924 (resistance), the 1.0900 (resistance) and 1.0819 (support).
The euro declined against the dollar in the last working day of 2015. The single currency broke the neutral move and lost significant ground against the dollar. If bearish sentiment continue in the future, the support at 1.0795 will be overcome. Thursday session started at 1.0930 and the negative trend became prevalent around noon. It continued to the very end and thus the price of closure coincided with the lowest value for the day - 1.0858.
victoriajensen
Established member
- Messages
- 648
- Likes
- 10
EUR/USD is currently testing the support at 1.0853, if it breaks below that level we can likely expect a further move to 1.0800, perhaps 1.0750.
This is what i have in mind too, but it seems that the 1.0750 unreachable today.
Sherif Fares
Active member
- Messages
- 181
- Likes
- 3
First day of trading in 2016 and EUR/USD dropped today but yet I need it to close under the support level 1.0800 to open a position.
Just wait until tomorrow. I'll get there eventually.
On yesterday session the EURUSD went back and forward with a high range and closed in the red, in the middle of the daily range in addition managed to close below previous day low, suggesting a bearish momentum continues to rule.
The pair closed for the second time below 10-day moving average that is now acting as a dynamic resistance and is supported by the 50-day moving average.
The key levels to watch are: the 1.0900 (resistance), the 10-day moving average at 1.00898 (resistance), the 1.0819 (support), the 50-day moving average at 1.0800 (support) and a Fibonacci extension at 1.0703 (support).
The pair closed for the second time below 10-day moving average that is now acting as a dynamic resistance and is supported by the 50-day moving average.
The key levels to watch are: the 1.0900 (resistance), the 10-day moving average at 1.00898 (resistance), the 1.0819 (support), the 50-day moving average at 1.0800 (support) and a Fibonacci extension at 1.0703 (support).
The single currency registered quite volatile start of the week on Monday. In the early hours the bulls prevailed and thus the pair reached peak for the day at 1.0945. Subsequently, however, the dollar prevailed and ultimately crossed the finish line at 1.0830. Meanwhile, the first support at 1.0795 was pierced after the currency hit bottom for the day at 1.0781. If expectations for the continuation of the negative trend justify, EUR/USD will test key level at 1.0762.
victoriajensen
Established member
- Messages
- 648
- Likes
- 10
I agree. We can probably expect some correction but after that the pair will likely reach 1.0700.
Sherif Fares
Active member
- Messages
- 181
- Likes
- 3
The drop is continuing I am only worried about the support level @ 1.0735
The single currency recorded a new drop against the dollar on Tuesday. Euro justified the negative expectations and thus plunged against the dollar for the third consecutive session. Consequently the support at 1.0795 was overcome as the pair scored bottom for the day at 1.0710. If bearish sentiment continue in the future, currencies will test key level at 1.0690. Trading on Tuesday started at a price of 1.0829. The trend was mostly bearish and the finish line was crossed at a rate of 1.0747.
On yesterday session the EURUSD fell with a high range and closed in the red, near the low of the day, in addition managed to close below previous day low, suggesting a continuation of the strong bearish momentum.
The pair closed for the first time below 50-day moving average that is now acting as a dynamic resistance.
The key levels to watch are: the 10-day moving average at 1.08768 (resistance), the 1.0819 (resistance), the 50-day moving average at 1.0800 (resistance), a Fibonacci extension at 1.0703 (support) and a daily support at 1.0622.
The pair closed for the first time below 50-day moving average that is now acting as a dynamic resistance.
The key levels to watch are: the 10-day moving average at 1.08768 (resistance), the 1.0819 (resistance), the 50-day moving average at 1.0800 (resistance), a Fibonacci extension at 1.0703 (support) and a daily support at 1.0622.
victoriajensen
Established member
- Messages
- 648
- Likes
- 10
There is a double bottom visible on the one-hour time frame, as well as two doji candlesticks above the support at 1.0710, so there will probably be a move to the upside towards 1.0780.
Sherif Fares
Active member
- Messages
- 181
- Likes
- 3
EUR/USD is between resistance 1.0780 and 1.0735 for the moment I will be watching and waiting for the price under the support level.
