victoriajensen
Private, 1st Class
- Messages
- 1,117
It will have to break below 1.0630 before it reaches 1.0600.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
- Start date
It will have to break below 1.0630 before it reaches 1.0600.
sherif fares
Corporal
- Messages
- 451
EUR/USD is trading around the opening price, inverted hammer is forming on the daily chart.
On Wednesday session the single currency recorded a light increase against the US dollar.The pair opened at a price of 1.0640 and after a volatile session closed at a rate of 1.0658. Daily extreme values were reached respectively at 1.0617 and 1.0692. The positive outlook still prevails, but for further gains is needed breakthrough of 1.0676.
honeill
Sergeant
- Messages
- 1,126
Yesterday the EURUSD went back and forward with a wide range, creating an outside day but managed to close in the green in the middle of the daily range.
According to the US Federal Reserve (Fed) policymakers latest meeting, a potential increase of the interest rate is on the table for the next Fed meeting on 16th of December.
The key levels to watch are the 1.0900 (Resistance), 1.0819 (resistance), the 10-day moving average at 1.0721 (resistance), a Fibonacci extension at 1.0703 (resistance) and 1.0622 (Support).
According to the US Federal Reserve (Fed) policymakers latest meeting, a potential increase of the interest rate is on the table for the next Fed meeting on 16th of December.
The key levels to watch are the 1.0900 (Resistance), 1.0819 (resistance), the 10-day moving average at 1.0721 (resistance), a Fibonacci extension at 1.0703 (resistance) and 1.0622 (Support).
victoriajensen
Private, 1st Class
- Messages
- 1,117
Apparently some correction is in order. The pair is headed for the resistance at 1.0800. I doubt that's the end of the bearish trend though.
abdul2012
Corporal
- Messages
- 424
I agree with you on that, and seems that there is a positive expectation for Draghi's speech in Friday.
sherif fares
Corporal
- Messages
- 451
EUR/USD made a correction from 1.065 level, I don't see further correction until price break 1.0728 and close above it on the 4 hour chart.
On Thursday session the single currency recorded an increase against the US Dollar. The session started at 1.0658 and ended 74 pips higher. The bulls prevailed and the first resistance at 1.0676 was broken. Expecting further increase of the euro and a break of next resistance at 1.0854.
