Eur/usd

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PTuga

Newbie
4 0
Big Trend seems trying to change to the bull side.
Good structure in hourly chart.
I´m in the sell side now, looking to make some before the possible (new trend) move up.

All this action still inside the big rotation.

Good luck
 

Josh7

Member
74 1
It seems the pair is drifting towards the 1.13 level. It could be a good long entry if reached.
 

Wilson80

Member
92 1
It seems the pair is drifting towards the 1.13 level. It could be a good long entry if reached.
The upcoming key events including today’s US mid-term elections and the FOMC later this week may push the EURUSD toward 1.13 and that would be great as it could develop a double bottom pattern. (y)
 

Josh7

Member
74 1
Approaching 1.13. If it's reached today I'll def open a long, no news and closing the week seems a good squeeze.
 

Josh7

Member
74 1
The Euro broke the 1.13 support. It looks like it has more potential to the downside as the US dollar is gaining strength.
 

fxstrategist

Established member
581 15
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.