Pretty much nothing interesting happened to the pair this week.
The week has ended negative for the EUR.
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It’s time for correction, I believe.
If EUR/USD manages to stay above 1.1600, then the bullish trend will resume.
Agree. I am waiting the pair to go above 1.1620 to open a long position.
The Euro is holding up today, probably we’ll see more to the upside this week.
The EURUSD stays consolidated around the 1.1600 with some volatility, but no clear direction. The 1.1700 level may still act as a resistance, while the 1.1500 level may act as support.
I’ve closed the position with a small profit, as the growth seems limited.
Let’s see what NFP brings us today. Forecasts are very mixed, surprises are not excluded.
The Dollar is showing signs of weakness as the Euro is going higher today. I think we can reach 1.1720 next week.
I am in a long position from 632.9, however down 30 pips this month at the moment. Only the news can really shift this thing now, well i hope so anyway.
The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1553, losing 0.59%. I believe that support is now at 1.1528, Tuesday’s low, and resistance is likely at 1.1660, Thursday’s high.
Upbeat NFP pushed EUR/USD down. If the pair pierce 1.1535, we should expect August lows - 1.1400, followed by 1.1300.
It has been consolidating since June, hopefully Sept will be the kicker!
Current levels (1.1607) are perfect for opening a short position. Half of the position is opened now. Other 50% - at a level of 1.1620. Wish me luck!
The EURUSD stays below the 1.1600 level, which is acting now as resistance. There is no clear direction on the pair, even though the bearish trend is still in place.
Good example … overbought and price resistance level…
Despite the strong NFP last Friday, this week the dollar was unstoppable on its way down. If EUR/USD manages to bake 1,1700, the next target is 1.1750 (daily and weekly charts).
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