EUR/USD Technical Analysis from a Newbie (need to be confirmed) - Page 513
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  1. #5121
    Join Date
    Nov 2015
    Posts
    353
    On Wednesday, the dollar strengthend growth relative to other currencies as the US currency recovered from losses incurred on the background of the shocking news of the victory of Donald Trump in the presidential elections in the United States. The EUR/USD is now trading at 1.0939, down by 0.83%, falling from a two-month high at 1.1300.

  2. #5122
    Join Date
    Apr 2014
    Posts
    733
    Yesterday the EURUSD tried to rally but found enough resistance at 50% Fibonacci retracement to reverse and closed near the low of the day, in addition the pair managed to close below previous day low, which suggests a strong bearish momentum.

    The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.

    The key levels to watch are: Daily resistance at 1.1097, the 50-day moving average at 1.1090 (resistance), the 10-day moving average at 1.1041 (resistance), a daily support at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).

  3. #5123
    Join Date
    Jul 2014
    Posts
    700
    EUR/USD continued moving to the downside and today it broke below 1.0900. The pair will likely continue dropping and its next target is probably at 1.0850, which is the previous low.

  4. #5124
    Join Date
    May 2015
    Posts
    510
    The single currency recorded a modest decline against the US dollar on Thursday. The pair lost 19 pips to closing price of 1.0890. In the short-term the outlook remains bearsih, as the pair extends its decline below the moving averages. Technical indicator are showing oversold conditions. Support is seen at 1.0815 and resistance is placed at 1.0980 next at 1.1160.

  5. #5125
    Join Date
    Apr 2016
    Posts
    262
    The euro rose against the dollar on Friday. By the end of the Asian session, EUR/USD was trading at 1.0911, gaining 0.14%. I believe that the support is now located at the level of 1.0862, the low of Thursday, and resistance is likely at the level of 1.1300 - the maximum of Wednesday.

  6. #5126
    Join Date
    Apr 2014
    Posts
    733
    Yesterday the EURUSD went back and forward without any clear direction although in the end managed to close in the red, near the low of the day, in addition the pair closed below previous day low, which suggests a strong bearish momentum.

    The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.

    The key levels to watch are: The 50-day moving average at 1.1084 (resistance), the 10-day moving average at 1.1032 (resistance), a daily resistance at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).

  7. #5127
    Join Date
    Jul 2014
    Posts
    700
    EUR/USD is still testing the support at 1.0870. Even if it breaks below that level I doubt it will fall below 1.0850 before the market closes today.

  8. #5128
    Join Date
    Apr 2016
    Posts
    262
    The euro was down against the US Dollar on Friday. By the close of US trading EUR/USD was trading at 1.0854, shedding 0.39%. I believe that the support is now located at the level of 1.0831, the low of Friday's trading, and resistance is likely at the level of 1.1300 - the maximum of Wednesday.

  9. #5129
    Join Date
    Apr 2014
    Posts
    662
    Eur/Usd is testing long term support level 1.0800, the risk remains downside, break below the support level would lead to further downward movement. Attention is still on Trump this week.

  10. #5130
    Join Date
    Apr 2014
    Posts
    733
    On the last Friday’s session the EURUSD initially rose but found enough selling pressure around 1.0920 to reverse and closed near the low of the day, also managed to close below Thursday’s low, which suggests a strong bearish momentum.

    The pair is trading below the 10, 50 and the 200-day moving average that should act as dynamic resistances.

    The key levels to watch are: The 50-day moving average at 1.1076 (resistance), the 10-day moving average at 1.1020 (resistance), a daily resistance at 1.0900, the previous swing low at 1.0851 (support) and 2016 low at 1.0819 (support).

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