EUR/USD at the 1.3800 level.

[honeill]

EURUSD pair still going down below 1.37!!

 

[peeterwoolf]

Yep, still. I had short position open this morning and closed before noon, maybe too soon.

 

[fxstrategist]

The EURUSD is definetely not going any where untill new information comes into the market. Taking a position at this point has a 50-50 percent chance of working. Therefore, we are better off waiting for a better opportunity to enter.

 

[honeill]

High volatility expected has FED’s Janet Yellen is scheduled to speak today, and the FOMC minutes will be released a few hours later.

 

[peeterwoolf]

I've closed my short position before the FOMC minutes at 1.3669.

 

[fxstrategist]

Eurusd

FED minutes or no FED minutes, the EURUSD is not going any where and it stays consolidated just under the 1.3700 level. The pair may not take a direction until tomorrow's PMIs readings out of Europe.

 

[honeill]

FED minutes or no FED minutes, the EURUSD is not going any where and it stays consolidated just under the 1.3700 level. The pair may not take a direction until tomorrow's PMIs readings out of Europe.

Can EURUSD bounce from 1.37 level?

 

[peeterwoolf]

Well, not today, let's see what's going to happen tomorrow.

 

[fxstrategist]

The EURUSD keeps falling and it is below the 200 Day EMA. There isn't anything else below that EMA that could stop the price until the 1.3600 level.

 

[honeill]

Will the EURUSD visit the 1.3800 level? If we do see a visit to that level, we should keep in mind that the price may continue going lower towards the 200 EMA on the daily chart, around the 1.3787 level.

I do not think that price would rise at those levels until the 5th of June. EURUSD is looking now at 1.36 level.