victoriajensen
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There is a very impressive shooting star candlestick on the four-hour filter chart and it's right under the resistance at 1.1260, so it's possible it'll move to the downside again.
I see that it is possible .
Sherif Fares
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Just a warning we have in 3 hours Yellen will speak, The market will have high volatility.
Yesterday the EURUSD tried to rally but found enough resistance at 1.1295 giving back all its gains back to the market and close in the red near the low of the day with a wide range, creating a shooting star pattern a clear sign of strong bears coming into the market.
Although the currency still managed to close above the 50-day moving average at 1.1171 (Support) and a break below it would suggest a push downward to a daily support at 1.1097.
The key levels to watch today are 1.1237 (resistance), the 10-day moving average at 1.1237 (resistance), 1.1097 daily support and the 200-day moving average at 1.1081 (Support).
Although the currency still managed to close above the 50-day moving average at 1.1171 (Support) and a break below it would suggest a push downward to a daily support at 1.1097.
The key levels to watch today are 1.1237 (resistance), the 10-day moving average at 1.1237 (resistance), 1.1097 daily support and the 200-day moving average at 1.1081 (Support).
The euro recorded an insignificant increase against the dollar on Thursday. Bulls prevailed in the early hours of the session and the pair reached the peak for the day at 1.1295. Immediately afterwards followed correction and currencies returned to initial levels. The session finished at 1.1228, and ultimately the single currency gained only 44 pips. It is possible breakthrough of resistance at 1.1319 if expectations for a new uptrend justify.
victoriajensen
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Hopefully next week EUR/USD will finally break below 1.1100. Have a great weekend everyone.
Sherif Fares
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breaking 1.1100 will not be an easy task for EUR/USD have a great weekend.
On the downside, the support level can be seen at 1.1145 (100sma). Next week, the Nonfarm Payrolls will be the focus, let's see.
On Friday session the EURUSD initially fell but found enough buying pressure to turn around and close in the green near the high of the day with a narrow range.
Since 23rd of September the pair managed to close above the 50-day moving average signs of bull strength. EURUSD is being squeezed by the 50-day moving average (on the bottom) and the 10-day moving average (on the top) a break to either side will set the trend for the following days.
The key levels to watch today are 1.1237 (resistance), the 10-day moving average at 1.1226 (resistance), the 50-day moving average at 1.1184 and the 1.1097 daily support (Support).
Since 23rd of September the pair managed to close above the 50-day moving average signs of bull strength. EURUSD is being squeezed by the 50-day moving average (on the bottom) and the 10-day moving average (on the top) a break to either side will set the trend for the following days.
The key levels to watch today are 1.1237 (resistance), the 10-day moving average at 1.1226 (resistance), the 50-day moving average at 1.1184 and the 1.1097 daily support (Support).
The single currency recorded a slight decline against the dollar on Friday after a relatively volatile session. The euro depreciated by nearly 25 pips to a closing price of 1.1204, reaching the bottom of the session at 1.1116. The week also brought losses for the currency pair even though the beginning was given at 1.1282. EUR/USD is trading below the low moving average , while the relative strength index fails to pass the positive territory, which supports bears in the short term. A break of 1.1170 will contribute to a further drop.
Sherif Fares
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Important week ahead Yellen will speak on Wednesday 2 days before the NFP I expect high volatility in the market this week.
victoriajensen
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Despite all expectations that EUR/USD will continue to descend, the pair actually moved to the upside today. I think it will soon reach and test the resistance at 1.1250.
Currently Eur/Usd seems capped between 1.1235 to 1.1245, a break of resistance 1.1250 could trigger bullish rally.
fxstrategist
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The EURUSD keeps heading higher, it could find some resistance at the 1.1300, but the Dollar needs to weaken. If US fundamentals come out better than expected, then the pair could just go back down.
The single currency started the week with a rise against the dollar, adding nearly 60 pips to a closing price of 1.1243. The session was held in the extremes at 1.1247 and 1.1147. The price managed to overcome the average values, while the relative strength index moved to positive territory, hinting for bulls in the short term. For additional growth, however, is needed a break of 1.1290.
Yesterday the EURUSD initially fell but found yet gain enough buying pressure below the 50-day moving average to reverse and close in the green near the high of the day with a wide range.
The currency broke above the 10-day moving average signaling that the bulls are in control in the short-term and we may see further push upward.
The next key levels to watch are 1.1460 (Resistance), 1.1237 previous resistance now support and the 10-day moving average at 1.1213 (Support).
The currency broke above the 10-day moving average signaling that the bulls are in control in the short-term and we may see further push upward.
The next key levels to watch are 1.1460 (Resistance), 1.1237 previous resistance now support and the 10-day moving average at 1.1213 (Support).
