Eur/usd

fxstrategist

Active member
Apr 10, 2014
565
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The EUR/USD plummets

The Dollar strengthens versus its main counterparts and pressures the EUR/USD to the downside. The EUR/USD accelerates its bearish trend and breaks below the 1.1300 level to reach the 1.1232 level, a zone that it has not visited since June of last year. If the pair continues falling, then the 1.1200 level could act as support. On the other hand, if the price goes back above the 1.1300 level, then its next resistance could be the 1.1400 level, followed by the 55 day EMA and the 1.1500 level. The 55 day EMA is pointing to the downside, indicating a bearish trend. Another possible scenario is that the EUR/USD may get stuck between the 1.1200 level and the 1.1300 level without taking a clear direction.

 

hatemypips

Active member
Nov 11, 2014
226
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EURUSD broke the support at 1.13 with a low of 1.1215. Let's see where it goes next.
Expect rebound next week on EURUSD further towards 1.15, EUR is oversold currently while optimism on dollar becomes outdated.
 
Sep 4, 2018
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With Dollar's weakness the pair remains strong bullish slopes. I don't think the upside movements are over yet, resistance can be found at 1.1460 and follow by 1.1500.
 

gka

Active member
Dec 16, 2017
549
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The EURUSD has spent the last 8 hours trying to break through the highest VRM weekly sentiment level at 1.1455. So far failed to break through this level.

For an explanation of the significance of this level see

https://www.complexhamiltoniansystems.com/practice.html#3rd_PointHeader

The next weekly level of resistance from the VRM is 1.1474 which is the middle of the long term trend channel.
 
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gka

Active member
Dec 16, 2017
549
3
28
The EURUSD has spent the last 8 hours trying to break through the highest VRM weekly sentiment level at 1.1455. So far failed to break through this level.

For an explanation of the significance of this level see

https://www.complexhamiltoniansystems.com/practice.html#3rd_PointHeader

The next weekly level of resistance from the VRM is 1.1474 which is the middle of the long term trend channel.
I have 1.1473 as today's EURUSD high so far. Just 1 basis point away from the middle of the long term trend channel I quoted yesterday. The sellers in the market were waiting there and it fell rapidly from there.
 
Sep 4, 2018
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Eur/Usd is consolidating after the pair failed to continue to the upside and slipe below 1.138 level, consolidation continues if the pair stays above the immediate support at 1.1360 level.
 
Sep 3, 2018
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I have 1.1473 as today's EURUSD high so far. Just 1 basis point away from the middle of the long term trend channel I quoted yesterday. The sellers in the market were waiting there and it fell rapidly from there.
Good call and interesting system the VRM. I will definitely look into it. Thanks for sharing.
 

gka

Active member
Dec 16, 2017
549
3
28
Good call and interesting system the VRM. I will definitely look into it. Thanks for sharing.
Thanks. You can find the eur/usd hourly charts with the VRM levels on the last post of the thread

"Predicting future FX support and resistance levels using mathematics"