EUR/USD reached 1.1530 today, which coincides with (MA)89 on the
weekly time frame. That is a pretty strong level of resistance and the
pair will likely bounce off of it and retrace back to 1.1450.
EUR/USD reached 1.1530 today, which coincides with (MA)89 on the
weekly time frame. That is a pretty strong level of resistance and the
pair will likely bounce off of it and retrace back to 1.1450.
I don't think that we reached any resistance. This reminds of the times when Euro was declining and we were waiting to revert. Nothing of a reversal in sight yet
whisperer:
I don't think that we reached any resistance. This reminds of the times when Euro was declining and we were waiting to revert. Nothing of a reversal in sight yet
True, bullish trends remain steady while dollar is still showing sign of weakness. My target remain the same at 1.16 level as long as the pair stay above 1.14660.
EUR/USD bounced off 1.1615 and is back to testing 1.1500, which is now a
support level. A breakout below that level could lead to a further drop
to 1.1460 - 1.1450.
fxstrategist:
Even though the EURUSD pulls back to the 1.1500 level, the bullish trend is still in place, another visit to the 1.1600 level is possible.
They are playing games now : I am staying out of this one now
EUR/USD has formed an almost textbook example of a shooting star
candlestick below the resistance at 1.1615, it will likely start falling
soon and its first target will be around 1.1400 - 1.1350.
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The EURUSD keeps its bullish trend, but we must be attentive to a possible pullback to the 1.1400 level.
I don't think that we reached any resistance. This reminds of the times when Euro was declining and we were waiting to revert. Nothing of a reversal in sight yet
True, bullish trends remain steady while dollar is still showing sign of weakness. My target remain the same at 1.16 level as long as the pair stay above 1.14660.
Even though the EURUSD pulls back to the 1.1500 level, the bullish trend is still in place, another visit to the 1.1600 level is possible.