EURUSD Analysis (ongoing thread)

[TareqS]

As expected, the pair has been playing around 1.00000. The daily chart shows there has been a bearish breakout at 1.00000. Thus, I remain bearish in the pair.

 

[FriendlyFX]

Unbelievable the way parity has been hit twice sub parity on the way

 

[TareqS]

The pair is traded above 1.00000. Looks good for the buyers. However, I assume they may wait for the weekly candle to close above 1.00000 to look for long opportunities.

 

[TareqS]

As expected, the pair has been playing around 1.00000. It made a bearish breakout again and closed its trading week below that magic number. Traders are to be very careful before trading in the pair. It may make some abrupt moves to make adjustments.

 

[Glastonburyk]

As expected, the pair has been playing around 1.00000. It made a bearish breakout again and closed its trading week below that magic number. Traders are to be very careful before trading in the pair. It may make some abrupt moves to make adjustments.

Sitting on my hands for now

 

[sebking1986]

HH made on DXY this morning and no signs of slowing. As such will continue to look at LTF shorts.

 

[TareqS]

The pair has been ranging between 0.99000 to 1.00800 in the H4 chart. As of writing, the price has had a bounce at the range's support and has been heading towards the North.

 

[ForexTus]

Sitting on my hands for now

Me too, its been on a downtrend for a long time. Its going to be interesting when its so overstretched

 

[TareqS]

The pair is traded within a channel. As of writing, it is traded around the resistance of that channel. The sellers may find some short opportunities in the intraday charts today.

 

[Stoic]

the bears are pushing hard. but if we turn to the correlation with usd/chf, then the pair should grow up. falling too long without correction