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Thread: EUR/USD

  1. #371
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    EUR/USD 29.07.2016
    The euro extended gains above the 1.1100 handle on the back of Eurozones upbeat gross domestic product and consumer price index figures. Eurozones gross domestic product for the second quarter came in at 0.3 percent q/q and 1.6 percent y/y in line with consensus. While consumer price index in the month of July edged up 0.2 percent from previous 0.1 percent. The euro trades 0.3 percent up at 1.1112, hovering towards a high of 1.1119 hit in the previous session. The short term trend is slightly bullish as long as support 1.1050 holds. Any violation below 1.1050 will take the pair to next level till 1.11375 (trend line joining 1.11861 and 1.11648)/1.11860 (Jul 5 High). On the higher side, any break above 1.1137 will take the pair to next level till 1.11860/1.1245. The pair should break above 1.11860 for further bullishness

  2. #372
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    EUR/USD 01.08.2016
    The euro retreated from session highs, despite Eurozone posting better-than-expected Manufacturing Purchasing Managers Index. Eurozones Markit Manufacturing Purchasing Managers Index (PMI) for the month of July came in at 52.0, surpassing consensus and expectations of 51.9. The major trades lower at 1.1160, hovering towards a low of 1.1155 touched earlier in the session. The pair should break above 1.1183 (38.2% retracement of 1.16163 and 1.09115) will take it to next level till 1.11976 (Jul-29 High). It should break above 1.1200 for the further jump till 1.1236 (38.2% retracement of 1.0463 and 1.1714)/1.12650 (50% retracement of 1.14213 and 1.09115)/1.1300. On the lower side, minor support is around 1.11570 (90 day EMA) and any break below targets 1.1100/1.0740 (200 DMA).

  3. #373
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    EUR/USD 03.08.2016
    The euro edged down from its 6-week high after Eurozones posted a mix-set of economic data. Eurozones Markit PMI composite for July came in better-than-expected at 53.2, surpassing consensus of 52.9, while Markit Service PMI stood at 52.9 versus forecast of 52.7. However, retail sales for June were at 1.6 percent y/y, missing projections of 1.7 percent. The European currency trades 0.2 percent lower at 1.1190, struggling to regain the 1.1200 handle. The major should break above 100 day SMA for further bullishness. Any break above 1.12380 will take the pair to next level till 1.12650/1.1300. On the lower side, break below 1.1155 (90 day EMA) will drag the pair down till 1.1090. The minor support is at 1.1200/1.1180. It should close below 1.1090 for further weakness.

  4. #374
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    EUR/USD 04.08.2016
    The euro extended losses, as the dollar strengthened across the broad. The European currency trades 0.2 percent lower at 1.1120, hovering away from a high of 1.1233 touched on Tuesday. It came under renewed selling pressure following the European Central Bank latest monthly economic bulletin. The central bank noted that the increasing uncertainty over global economic outlook, supported investors for safe-haven buying. The major should break below 200 day SMA for further weakness. Any break below 1.1075 will drag the pair to next level till 1.1000. Technically on the higher side, break above 1.1160 (90 day EMA) will take the pair up till 1.1235.

  5. #375
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    EUR/USD 05.08.2016
    The euro reversed its previous session losses, as the dollar weakened across the broad ahead of the U.S. non-farm payroll data. The major had regained the 1.1200 handle earlier in the week; however, it failed to sustain gains following Eurozones downbeat retail sales figures. The European currency trades 0.1 percent up at 1.1140, retreating from a low of 1.1113 touched in the previous session. Data released earlier in the day showed German factory orders for June declining 0.4 percent against projections of 0.6 percent gain. Markets focus now remains on U.S. non-farm payroll data, which are expected at 180,000 for the month of July, down from Junes print of 287,000. The pair is facing minor resistance at 1.11580 and any slight break above targets 1.1200/1.1232 (100 DMA). It should break below 200 Day SMA for further weakness. Any break below 1.1075 will drag it to next level till 1.1000.

  6. #376
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    EUR/USD 09.08.2016
    The euro edged down, rebounding from a high of 1.1096. The major continues to struggle to regain the 1.1100 handle, as the greenback gained against most of its peers. The European currency trades between a narrow range of 1.1070 -1.1096, amid lack of relevant data from the Eurozone. Investors now await U.S. non-farm productivity data due later, which may provide fresh impetus on the pair. The pair has made temporary bottom around 1.10457 on Friday and jumped till 1.11052 from that level. It should close below 200 day MA for further weakness. On the lower side, any close below 1.10780 confirms minor trend reversal, a decline till 1.1000/1.0950 likely. Technically it should break above 1.1156 (90 day EMA) for minor bullishness and break above targets 1.1200/1.1.230.

  7. #377
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    EUR/USD 10.08.2016
    The euro rose for the third consecutive session, as the greenback came under immense selling pressure across the broad. Weaker-than-expected U.S. economic data released yesterday forced the investors to re-evaluate whether the U.S. Federal Reserve will raise interest rates this year. The major trades 0.6 percent higher at 1.1186, attempting to regain the 1.1200 handle. The major resistance is around 1.1250 (100 SMA) and it should break above for further jump till 1.1300 level. On the lower side, any close below 1.1150 (resistance turned into support) will drag the pair down till 1.1100/1.1078 (200 DMA)/ 1.10457 (Aug 5 Low).

  8. #378
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    EUR/USD 11.08.2016
    The euro declined, reversing most of its previous session gains, as the dollar attempted a minor recovery across the broad. The major came under renewed selling pressure as markets sentiment were hampered following dovish comments from the IEA and build up in U.S. crude oil inventories. The European currency trades 0.2 percent lower at 1.1149, pulling away from a high of 1.1191, touched earlier in the session. The short term bullishness can be seen only above temporary top formed at 1.12337 (Aug 2 High). Any violation above that level will take the pair to next immediate resistance 1.12668 (50% retracement of 1.16163 and 1.09115)/1.1300. On the lower side, support stands at 1.1150 and any indicative break below targets 1.1100/1.1079. The short term bearish invalidation is only above 1.1430 (Jun 26 High).

  9. #379
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    EUR/USD 15.08.2016
    The euro edged up, extending its post U.S. retail sales gains. The major touched an early low of 1.1153, however, it retreated to trade higher at 1.1172. European markets remain cautious ahead of a data-packed macro calendar ahead, underpinning the bid tone around the major. On Friday, the pair rallied as high as 1.1221 after weak U.S. retail sales data reduced expectations of December Fed rate hike. The major trades between a narrow range amid holiday-thinned markets. The short term bullishness can be seen only above temporary top formed at 1.12337 (Aug 2 High). Any violation above that level will take the pair to next immediate resistance 1.12668 (50% retracement of 1.16163 and 1.09115)/1.1300. On the lower side, support stands at 1.1150 and any indicative break below targets 1.1100/1.1079. The short term bearish invalidation is only above 1.1430 (Jun 26 High).

  10. #380
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    EUR/USD reverses recent rally back to downside



    • EUR /USD pair inched higher initially on Tuesday on reduced expectations of a U.S. interest-rate hike in the coming months. But declined in the US session, after data showed US consumer prices were unchanged in July.

    • At the moment the currency pair is trading around 1.1263 levels, it is expected to decline towards 1.1200 and 1.1150 levels as the resistance level at 1.1380 is set to hold the bulls from advancing further, and bring a decline towards lower levels in the short term.
    • To the upside, the immediate resistance can be seen at 1.1284, a break above this level would take the pair towards next resistance level at 1.1320 levels.
    • To the downside, immediate support can be seen at 1.1240 levels, a break below this level will open the door towards next level at 1.1194.




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    Mirza
    PCM Brokers DMCC

  11. ARIONFORXtarder
 

 
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