EUR/USD Daily Chart Reviews

Slightly higher about an hour after the opening of the US session.

The EURUSD completes three consecutive bearish sessions and it is trying to break below the 1.1600 level. The zone may still act as support and the price may try to bounce back to the 55 day EMA, but the bearish momentum is in place and the EURUSD may continue dropping.

The Euro depreciated today against all its peers. I’d look to buy probably around 1.1520.

The US dollar seems to be pushing the pair down.

Euro / dollar continued its inertia down yesterday, after failing to break the resistance 1.1430, reaching the bottom at 1.1330 and hitting 1.1317 during the Asian session. Expectations are down for testing at 1.1280 / 50 so far. The first resistance is seen at 1.1365. A clear break above this level could take the price to a neutral zone with testing at 1.1430. But I basically prefer the bearish scenario and any upward pressure could be seen as a good opportunity for short positions.

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Bullish for now. Next target: 1.1470.

Below 1.13 it will most likely reach a double bottom from June 2017 at 1.1115.

The EURUSD corrects to the upside, but the bearish trend is still in place, the price may try to go back to the 1.1300 level, but for now the 1.1500 may act as support.

Hello! Have a look at the newest chart I made: It Is Magical, 1.1720

The pair is nearing important resistance - 1,1600, so I’m going out of the market.

Very nice pullback on the EURUSD to the 55 day EMA and 1.1600 level from where it may bounce to the downside. The 1.1500 level may act as support and above the 1.1600 level, the 200 day EMA at the 1.1800 level may act as resistance.

Hello! A top was made at 1.1620, hopefully the price will move to 1.1540 or lower where we can open longs. Here is link to my chart: In The Channel

The EUR/USD continued its inertia yesterday, reaching a peak at 1.1622, but traded lower during the Asian session, hitting 1.1542. Expectations are neutral, probably with slight downside signals for testing the support at 1.1500. Overall, the price is still in the upward correction phase, but the 1.1570 - 1.1630 remains a good place for short positions with narrow stops above 1.1630. Downwards, a clear breakthrough of at least 1.1500 is required for a potential end of the current bullish correction phase and for keeping the main bearish trend in place.

The EURUSD breaks above the 1.1600 level and it may try to reach the 200 day EMA at the 1.1800 level. For now, its closest support is the 1.1500 level.

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Link: Autumn Express EUR/USD

EUR/USD: A correction to 1.1600 is on the agenda. Then: 1.1650. At least.

I’ll be looking to sell at 1.1790, it looks like a good opportunity with a tight stop.

The EUR/USD accelerates its bullish momentum above its 55 day EMA, which is around the 1.1600 level. If the pair continues rallying, then the 200 day EMA (blue line) at the 1.1800 zone could act as resistance. A bearish pullback could take the price to the 1.1600 zone which could act as support. Below the 1.1600 level, any round number level to the 1.1300 zone could act as support. A breakout above the 1.1800 level could signal a trend reversal and below the 1.1300 level could indicate a continuation of its bearish trend.

EUR/USD: 1.1720 is a good resistance. The possibility for some downside correction is good. I’ll wait to see.