the pair is in very volatile situation, it still has to find a support level…
EUR/USD trading in 1.3710 and 1.3840 range. A break below 1.3710 would open the downside to 1.36 before a base. If we manage to break above 1.3840 would give reason to look for 1.40. Currently my bias is neutral
Expectation is for further losses to 1.3524, 61.8% of 1.3295-1.3894. Daily momentum is negative, highlighting the overall bearish bias.
Stops triggered below 200-HMA at 1.3627 EUR/USD
Sell-off led by deteriorating bullish techs that led buyers yesterday
Very interesting chart I must say.
The pair looks like set to test the previous low of 1.3550 level.
That is a critical support zone, and swing level.
A move lower may call for more losses for the pair in the short to medium term.
if not, then the pair might bounce again from this level, and re-test the 1.3650/80 level.
On the upside, the 1.3720 level is still a major hurdle for the pair, and I do not see any major reason for the pair to break this until the Ben speaks.
Cheers!
I am here again to view your thoughts.
I again found it very interesting.
Thanks for sharing the chart.
I also feel that the 1.3500 and 1.3480/60 levels are very critical support levels for the pair.
Anyone of these levels can produce a substantial bounce for the pair.
However, I am still waiting for some bullish signals on my charts.
The pair is still ranging, in my opinion.
A couple of sessions may clear my view for the pair.
A dip may present a buy opportunity.
Interesting Euro
Cheers!
Broad dollar buying seen from the off after EU enters. Traders eyeing tomorrow’s EZ CPI as one cause.
Watching reaction on 1.3600 to 1.3580 area. My medium and short term bias is long.
My bias for EUR/USD is to look for short positions. 1.3530-1.2515 would be good area to do it. On support side look for a bounce from 1.3470-1.3450. Key support level is 1.3420-1.3410
EUR/USD Resistance zone from yesterday still holding. If we manage to break above then levels to look are 1.3550-60, 1.3575-80, 1.3600. Intraday support levels are 1.3500 and 1.3480-1.3470
I agree with you.
The 1.3550/60 level is very critical for the pair now in the short term.
The pair might find sellers around the same level.
However, on the downside, the support lies at around the 1.3460 area.
This is the most important level for the pair, in my opinion.
A break lower may trigger further losses for the pair.
The pair might also test the 1.3320 level if that happens.
This is just my view though.
Cheers!
Subdued trade likely with U.S/Canada holidays EUR/USD seen 1.3680-1.3740.China loan data supports risk appetite, may encourage euro funded carry trades
Most traders are convinced ECB will ease in some fashion & stem euro gains. During the wait a higher EUR/USD may evolve
1.3725-1.3750 remains key resistance zone.
1.3680-1.3690 remains key support zone.
Intraday resistance levels: 1.3780, 1.3800, 1.3820. Stops above
Bears continue to struggle gaining downside momentum
Another test of long term 61.8% fib at 1.383 is likely coming
Each pullback after testing this level in recent mths becomes shallower
On EUR/USD 1.3650 is minor support level.Next major level is 50% fib level. Intraday resistance levels are 1.3700-10, 1.3730-40, 1.3750
Sideways EUR/USD trade likely until release of U.S. ADP jobs data @ 12.15GMT
Intraday Resistance levels 1.3830-40, 1.3850, 1.3880, 1.3900-10
Support levels 1.3770 and 1.3740
Decent support on EUR/USD on 1.3830-1.3820 area. If we break it then next level to watch is 1.3780-90 area. Resistance zone is 1.3900-1.3920
I think EURUSD is in consolidation mode and not recovery!
Resistance levels to watch today are 1.3860 and 1.3890-1.3900 resistance zone. 1.3800 acts as a support.