EUR/USD (part 77)

[azmassi]

EURUSD fell again today despite the holiday and the absence of traders.
Nothing stops the decline of the Euro , and after breaking below 1.2055, the pair has accelerated again, to reach a new lowest at 1.1980.

EURUSD has therefore passed under 1.2000, but a break below is not guaranteed.
The pair could now enter a consolidation phase for the next few hours.

Below 1.20 we find supports at 1.1980, 1.1960 and 1.1930, before the support of 1.1900.

On the upside, there are resistances at 1.2000, 1.2030, 1.2055, 1.2070 and 1.2090 / 1.2100.
A return above 1.2100 remains necessary to ease the downward pressures, while it will be necessary to regain the 1.2155 / 1.2165 to find more significant upward pressures.

[Derryk Murrel]

During the first half of the day, the single European currency can be purchased at the 1.2000 level which acts as the support today and correction is expected to form. Generally, the reductions under the determined support zone would likely to happen. While indicators show that the price is below zero which seem unfavorable for growth. The support anticipates for the rate hike from the Fed Reserve and would further decline.

[Alexandr Vesely]

Good morning! The euro/dollar pair almost failed to touch the 1.1950 level while indicators showed a strong oversold which will eventually push lower the major target 1.1850. I believe that EUR/USD pair may experience correction to the price level 1.2150 based on the D1 signal.

[Mats]

There is still room for the pair to drop further more, it can drop more or less 130 pips, So we have chance to sell the pair, as its 2 more days for trading. Sellers holding their positions.

Trade Recommendations : Sell

[TraderGeorge]

EUR/USD intraday trading
Hi everyone. The downward target at 1.1960-1.1910 on the H1 time frame remains valid. A breach of 1.1980 is needed for confirmation. The downtrend cancellation is the break of 1.2070, which would be followed by retracement and then we should work upwards intraday.



Now, let’s look at the M15 time frame. Here, the price started retracing. To confirm the movement, the price has to breach 1.2012, which will open the way to 1.2070. The price might start flat trading in the range of 1.2012 and 1.1980 and then move lower. The second possible scenario is a complete retracement to 1.2070. Now we have to keep an eye on where the pair will go. I expect it to break 1.2012 and start retracing. If the price does start retracing, it would return to 2015.

[FxTaylor]

After an impressive slump below 1.21, let’s see what deals can be made today.

I want to remind you once again of the downward trend that started on April 19. It was a typical stair-like decline and I somehow missed it while looking for purchases on April 20 amid incredibly high positive delta.



After the zone of 2160-2190 (Forex 2120-2150) was breached ahead of the FOMC meeting results, the mass market started opening sales (open interest gained +5.8 on Friday, +4.2 on Monday, and +4.5 on Tuesday). The trading volume is not that large, but is sufficient for work. It is easier to drop than to rise, so decreases require less liquidity.

Every downward step has a hole in the profile above it, which points to an impulse, not balance. Correction is possible to 2115-2130 (Forex 2075-2090) or 2145-2175 (Forex 2105-2135).


However, it is unclear whether correction will take place, but if the price appears there, prepare your deposits. The price may not rise above 2020-2030 levels on Forex, if there is no hole in the profile.


Purchases are very unlikely (only for 5-10 pips at most). While there is no clear intraday balance, it is risky to look for purchases.

[normarster]

eurusd very strong below 200 ma moving average and also long time below rsi 30 level periodically. this is very strong downtrend in eurusd pair and i look to only sell this pair. i think eurusd can touch rsi 50 level and then provide another good sell opportunity in this strong downtrend.

[Mats]

Price still have room to fall further more the main support level is 100 pips away. We can sell the pair for 100 pips. also we have two full trading days.

Trade Recommendations : Sell

[Elliot_Trend]

As for the euro, there has been no mandatory zone for 5 trading day out of 6 ones. I won't talk about possible pullbacks. The balance of the day will be the lower limit of 1.1869 for us today, now the pair is at the upper border of 1.1996, from which a rebound is possible, but I would not sell it at the moment.

[TraderGeorge]

The H1 time frame of EUR/USD has showed first upward signs, but they are weak. The breach of 1.1950 will cancel bullish sentiment. However, while we are above 1.1950, look to 1.2020 levels. From there, sale to 1.1970 but later in the day, when the market becomes quieter.
H1:



Now let’s take a look at M15. According to this time frame, the price entered the buy zone once again. I expect the price to retrace downwards on M15 and then move higher to 1.2020 and 1.2060. The break of 1.1950 will cancel upward movements.
Keep in mind that this is the first sign of the uptrend; do not place all of your deposit, be reasonable.