Eur/usd - page 499

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Thanks for the upcoming news.
 
I think we can checked on forexfactory to get new information from economy calendar, on 24 october I have seen there are several news for euro and usd but still as considered on low impact news, might today movement still on narrow market condition
 
I think EUR will probably continue going down until US interest rate decision, my task for coming week is to get suitable rally to sell into.
 
The euro marked a losing session against the dollar on Friday. The single currency declined for a second day and the pair tested the first support at 1.0849. If the bearish sentiment continues, the key level will be breached. Next support is located ta 1.0803, resistance is seen at 1.1040 and 1.1094.
 
Key levels to watch for:
Support: 1.0849; 1.0803;
Resistance: 1.1040; 1.1094.
 

On the last Friday’s session the EURUSD dived once again but this time with a narrow range and closed near the low of the day, also managed to close below Thursday’s low, which suggests a strong bearish momentum.

 

The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.

 

The key levels to watch are: the 10-day moving average at 1.0981 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (resistance), a daily resistance at 1.0900 and a daily support at 1.0819.

 
Euro / dollar had a significant bearish momentum last week, breaking below key support 1.0910 and hitting 1.0858. Expectations are down at short term for testing the support area 1.0825 / 00. A clear break and daily close below that area could lead price to neutral zone testing 1.0715. Immediate resistance is at 1.0910. A clear break and daily close above it could lead price to neutral trading zone testing 1.1000. The main technical outlook is neutral.
 
EUR/USD seems to have found a steady foundation at its last low of 1.0859. The pair is now slightly higher at 1.0891 and appears to be trading with low volumes. First support zone is expected at 1.0810, first resistance is expected at 1.0970.
 

EUR/USD: The View From Weekly & Monthly Charts


EURUSD weekly chart: suggest that new trend lows are likely in the not too distant future.

The whole pattern in place since the lows in March 2015 looks to be a double top as a consolidation. That would be confirmed with a weekly close below the 1.0523 level and suggest a move towards the mid to low 0.90’s. The broad based channel in place since 2008-2009 would likely provide interim support around parity ahead of that move.

EURUSD monthly chart: Deja vu all over again.

While not identical, the path being followed by EURUSD between 1985 and 1999 and that seen from 2002-2016 has been remarkably similar. In the prior period EUR as its components followed more the “motorway route” while this time it has followed the “scenic route”. However, in both instances, the destination has been virtually identical. A multitude of supports exist in the 1.0433-1.0588 area. While there is then interim support around parity, major supports come in closer to .9600

A move equal in nominal terms to that seen in the last cycle (1992-2000) would suggest a low below .9400 while a move equal in percentage terms of approximately 45% would suggest a move towards .8800. The final level of note as an extended target (Not our base case at present) would be the low posted in 2000 just above .8200.

For those that think this extreme let us not forget that the all-time floating exchange low posted in 1985 (EUR as its components) was .6444 (When GBPUSD posted a low just above 1.05- our extended GBPUSD trend target).

Citi maintains a short EUR/USD position* in its technical portfolio.

source

 

The single currency marked a volatile session against the dollar on Monday. The new week started with trading even lower as the common currency nears a seven month low level of 1.0822. The short-term expectations remain bearish. 

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