Eur/usd

fxstrategist

Established member
585 15
Incredible drop on the EURUSD after the ECBs announcement. The pair drops below the 1.1200 level and it could drop to the 1.1100 zone, but since it is over-extended to the downside, it may try to correct to the upside.
 

fxstrategist

Established member
585 15
After last week's drop on the EURUSD, the pullback continues, but it may losing some steam. The pair may try to go back down, but the 1.1200 zone could act again as support.
 

fxstrategist

Established member
585 15
Very good start of a week for the EURUSD, which manages to break above the 1.1300 level. If the bullish momentum continues, the pair may find a resistance around the 55 day EMA at the 1.1344 level. The 1.1400 zone may also act as resistance.
 

hatemypips

Well-known member
430 27
After last week's drop on the EURUSD, the pullback continues, but it may losing some steam. The pair may try to go back down, but the 1.1200 zone could act again as support.
Hope it will break this support because I opened short position, basically betting on weak Euro fundamentals like slowdown in manufacturing and consumer optimism.
 

fxstrategist

Established member
585 15
The 1.1200 level acted once again as a support on the EURUSD, the bullish bounce takes the pair to the 1.1300 level where it consolidates and from where it may head in any direction.
 

hatemypips

Well-known member
430 27
Incredible drop on the EURUSD after the ECBs announcement. The pair drops below the 1.1200 level and it could drop to the 1.1100 zone, but since it is over-extended to the downside, it may try to correct to the upside.
I see that recent data from US and China improved while EU growth still lags behind. That's why Euro can eventually give up with money flowing into the US expecting higher yield there.
 

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