Looking to enter long around 1.1415.
Have longs on now with long pending orders below current price @ what I’ve marked as support.
Away from desk details tonight.
KC
The euro fell against the US dollar on Monday. By the close of US trading, EUR / USD was trading at 1.1464, losing 0.43%. I believe that support is now at 1.1433, Friday’s low, and resistance is likely at the level of 1.1585, the maximum of Wednesday.
The Euro is trying to move higher. Hopefully we’ll see another leg down this week. I’m looking to open a long at 1.1400.
The EURUSD drops below the 1.1500 level but it is very undecided arond the current levels. If it continues dropping, then the EURUSD may find some support at the 1.1400 level.
Eur/usd is approaching critical levels, formed since the beginning of 2015. On weekly chart, if it manages to break it, it could reach 1.06.
The pair moved quickly to the downside after Draghi held a press conference. The USD seems to be strengthening against all major peers.
The next support on the EURUSD could be the low at the 1.1300 level, but we could also see a pullback above the 1.1400 level. Above the 1.1400 level, the 1.1500 could act as resistance.
EUR/USD: If the pair manages to break the strong 1.1400 support, the next target will be 1.1360, followed by 1.1300. On the flip side, the next resistance is 1.1495, followed by 1.1600.
1.13 would be a good bearish test. If withstood, we can see a push to the upside with potential target at 1.16.
EUR/USD: Doble top, or double bottom (on M5)? The pair is indessisive right now, between 1.1393 and 1.1415.
Well, looking bigger, we are going to 1,1200.
The euro rose against the US dollar on Friday to 1.1426, adding 0.16%. I believe that support is now at around 1.1301, the low of Wednesday, and resistance is likely at the level of 1.1427 - the maximum of today’s trading.
EUR/USD: The target for the next week is 1.1485.
The EURUSD leaves a false breakout above the 1.1400 level but it is currently directionless. From the 1.1400 zone, the EURUSD may head in any direcion. To the upside, the 1.1500 level may act as resistance and to the downside, the 1.1300 level may act as support.
It seems the pair is drifting towards the 1.13 level. It could be a good long entry if reached.
I would agree with @arigoldman on 1.13.
I had placed Longs on the initial drift down and closed them out for profit on Friday
The euro rose against the US dollar on Monday. By the close of US trading, EUR / USD was trading at 1.1412, adding 0.20%. I believe that support is now at around 1.1301, the low of Wednesday, and resistance is likely at the level of 1.1458 - the maximum of Friday.