EUR/USD
Member Since Nov 06, 2014
28 posts
Jul 18, 2015 at 17:17
victoriajensen posted:csc2009 posted:
Decline continues, looking at strong support now. If breaks below 1.0800 level will open the gate to further losses, maybe 1.0500 or even 1.0400 level.
I agree, the pair is headed for 1.0550 - 1.0500. Should it manage to break below that level we might even see it attempt to reach parity again.
Agreed to, down trend resumed!
Member Since Nov 11, 2012
271 posts
Jul 18, 2015 at 22:43
Be careful folks. Whenever there is consensus generated on its sharp fall it bounced back at least for a while. In trading such speculation based on mainstream media and other traders' personal opinion can be disastrous.
Do what your technical analysis is telling you...that's all. Absolutely nothing else.
Do what your technical analysis is telling you...that's all. Absolutely nothing else.
antariks1@
Member Since Jun 08, 2014
454 posts
Jul 19, 2015 at 18:04
EUR/USD closed above the support level 1.0820 a break under will lead to more drop to test 1.0725.
Member Since Oct 11, 2013
775 posts
Jul 20, 2015 at 00:40
The Euro may continue under pressure by the Dollar now that the maket is trading again on fundamentals.
Member Since Apr 08, 2014
1141 posts
Jul 20, 2015 at 07:59
On Friday session the EURUSD tried to rise but found enough selling pressure to turn back south, breaking below the 61.8% Fibonacci level (support) at 1.0860 and closed in the red at the low of the day. After a clear down run of 5 days we should expect some consolidation or even a minor pullback before the resumption of the downward trend.
"I trade to make money not to be right."
Member Since Oct 02, 2014
909 posts
Jul 20, 2015 at 14:17
Nothing interesting today in the EURUSD...
Positivity
Jul 20, 2015 at 16:15
The single currency recorded the third consecutive drop against the dollar on Friday. The session started at a price of 1.0873 and just before lunch reached a daily high at 1.0906. In the afternoon the direction went down at the end of the day the pair finished at a price of 1.0844. In case that the downward trend of the last few sessions continue, most likely the euro will be able to break through the first support at 1.0817.
Member Since Jul 10, 2014
1117 posts
Jul 20, 2015 at 16:33
EUR/USD is still testing the support at 1.0820 and it looks like it may bounce off that level for now. I expect a further move to the upside to the resistance at 1.0880 before the pair attempts to break below the support again.
Member Since Jun 08, 2014
454 posts
Jul 20, 2015 at 20:45
Support level 1.0820 still hold the EUR/USD from dropping.
Jul 21, 2015 at 07:24
The euro reported a slight decrease on Monday, marking the fourth consecutive negative session. The pair opened at a rate of 1.0830, then the price went up slightly, reaching the highest level for the day at 1.0869. Later the direction was reversed and the single currency reached a daily bottom at 1.0808, breaking the support at 1.0817. The day ended at a rate of 1.0824, slightly above the support level.
Member Since Apr 08, 2014
1141 posts
Jul 21, 2015 at 09:30
Yesterday the EURUSD initially tried to rally but found selling pressure on the 61.8% Fibonacci level (resistance) at 1.0860, to give all its gains back to the market and close near the low of the day with a narrow range day. Key levels to watch today are: a daily resistance at the 61.8% Fibonacci level at 1.0860 and key level (minor support) at 1.0808.
"I trade to make money not to be right."
Member Since Jun 08, 2014
454 posts
Jul 21, 2015 at 17:23
Finally a rebound from the support level after a tight range trading yesterday.
Member Since Jul 10, 2014
1117 posts
Jul 21, 2015 at 19:01
EUR/USD returned to the resistance at 1.0970, the question is whether it will be able to break above it so it can continue moving to the upside or should we expect it to test the support at 1.0820 again.
Member Since Nov 11, 2012
271 posts
Jul 21, 2015 at 22:45
takechance posted:
Be careful folks. Whenever there is consensus generated on its sharp fall it bounced back at least for a while. In trading such speculation based on mainstream media and other traders' personal opinion can be disastrous.
Do what your technical analysis is telling you...that's all. Absolutely nothing else.
It worked and paid.
antariks1@
forex_trader_186239
Member Since Apr 15, 2014
224 posts
Jul 22, 2015 at 06:42
Technically, short stop losses hunting is over
Member Since Apr 08, 2014
1141 posts
Jul 22, 2015 at 09:00
Yesterday the EURUSD rose closing in the green near the high of the day on a wide range day. The currency found some resistance at the Fibonacci level 50% at 1.0955 that also overlaps with the 10-day moving average and a solid close above these levels might trigger a mid-term shift in the trend. Key levels to watch today are: Fibonacci levels the 38.2% (resistance) at 1.1058, the 50% (resistance) at 1.0955 and the61.8% Fibonacci level (support) at 1.0860.
"I trade to make money not to be right."
