Eur/usd - page 452
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EUR/USD forecast for the week of June 27, 2016
The EUR/USD pair fell during the course of the week, slicing through the 1.10 level at one point during Friday’s trading as the United Kingdom has voted to leave the European Union. This of course isn’t too good for the Euro, and with that being the case it’s likely that we will continue to see some bearish pressure. However, there’s a lot of choppiness in the meantime, so short-term charts will probably be needed in order to get involved in this market. Short-term exhaustive candles should be selling opportunities.
The EUR/USD went down some 500 pips in today's session after we had the Brexit confirmed. The pair went to a low of 1.0911 from 1.1428. High volatility is bound to continue next week.
Heads up - ECB President Draghi to speak Monday
We will be heating from quite a few central bank heads in coming days
On Friday session the single currency tumbled amid volatile trading, after Brexit vote surprised the market participants. The euro depreciated by 2.6% to 1.1086, an intraday high was marked at 1.1427 and the daily low at 1.0911. Friday's bottom turned out to be the lowest point since early March. The pair remains below the moving averages, while RSI is in favor of the bears.
On the last Friday’s session the EURUSD crash dived with a mega range and closed in the middle of the daily range, however managed to close below the previous Thursday’s low, which suggests bearish momentum.
The pair closed below the 10, 50-day that should now act as dynamic resistances but managed to close above the 200-day moving average that should act as dynamic support.
The key levels to watch are: A daily resistance at 1.1237, a daily support at 1.1097, the 200-day moving average at 1.1078 (support), and Fridays low at 1.0912 (support).I see header of this thread as "Elite Indicators :)"...not as EUR/usd news...something went wrong in the code of this forum
(now it changed to EUR/usd news...) after I clicked on it
On Monday session EUR/USD remained without significant change amid the suffered losses from Friday. The single currency added only 11 pips to a closing price of 1.1023 after consolidation within the extreme values 1.1083 and 1.0970. The is moving under the moving average, while the index of relative strength remains in favor of the bears.
Yesterday EURUSD went back and forward with a narrow range but without any clear direction and closed in the middle of the daily range, in addition managed to close within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The pair is trading below the 10, 50 and 200-day moving averages that should now act as dynamic resistances.
The key levels to watch are: A daily resistance at 1.1237, a daily support at 1.1097, the 200-day moving average at 1.1080 (resistance) and Fridays low at 1.0912 (support).