EURUSD Analysis (ongoing thread)

[RachelEB]

Going to let this trade come to me, and the Price Action play out, no need to rush into it

 

[Madalyn]

Going to let this trade come to me, and the Price Action play out, no need to rush into it

Patience young padawan

 

[Alanmarshall]

I think its still go further to fall

 

[fxstrategist]

The EURUSD keeps falling and it could reach the 1.0800 level. Out of the last 25 trading sessions, 20 have been in the red. In case of a correction, the 1.0900 level could act as resistance.

 

[DaveT]

Been dropping all month and will continue to fall imo

 

[momo3HC]

Dinging out the bottom and don`t think it`ll stop soon.

 

[ForexViking]

EUR/USD - 19.02.2020 - Seems to be no signs of reversal today.



Still holding sells from Monday, well done to anyone trading this major downtrend.



"However, the currency pair registered its worst level in almost 3-years, and shared currency trader’s still adding bets for further losses in the day ahead."



Seems like the coronavirus is taking it's toll on the EUR and propping up the USD treasuries as a safe haven.

Was hopping to see a reversal this week but no chance likely so far.

What are your guys thoughts on this? Think we might see a reversal come into being?

 

[fxstrategist]

The EURUSD falls below the 1.0800 level, but it could find a support around this zone. The bearish trend is still in place and its next support could be the 1.0700 level, but there is a chance of seeing a retracement, maybe towards the 1.0900 level.

 

[Treacle]

Massive bounce yesterday but I think it'll carry on falling next week

 

[Sammy colt]

I will be back on this pair first thing Monday.