DislikeEURUSD falls to support area on dollar buying. Bounces.

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EURUSD falls to support area on dollar buying. Bounces.

Better news out of US/China is negative for the EURUSD.

The headlines on US/China phone chats has sent stocks soaring and the EURUSD lower. The general reaction is if US/China get better, that is worse for the EU who stood to potentially benefit from continued trade war (or so it seemed).


Technically, the failed break of the 100 day MA (see earllier post here) and the subseqent move below the 100 hour MA at 1.12028 on the news, pushed buyers to sellers. However, there has been a limit.

The 200 hour MA at 1.1173 and a swing area/38.2% retracement at 1.1162-67 has helped to stall the fall. The price has rebounded to as high at 1.1194 so far (low for the day reached 1.11693)

Volatile trading conditions. I would peg the 100 hour MA at 1.12025 area as a topside resistance now. The 200 hour MA at 1.11736 and swing area (at 1.1162-67) below remains key support.

Trend: Downtrend :thumbdown:

Source: https://www.forexlive.com/technical-ana ... g-20190813
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EURUSD cracks outside "the range"

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EURUSD cracks outside "the range"

Breaks below the swing area, 38.2% retracement.

The EURUSD has broken outside "the ranges" breaking below the 1.1162-67 area (now risk for shorts). The price has moved to a low of 1.1156 so far.

The 1.11377 is the 50% of the move up from the August 1 low. That is the next downside target should the break remain a break.


Source: https://www.forexlive.com/technical-ana ... e-20190814
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Re: EUR/USD

585
Oof, I just realized I have been looking the tab of a different currency pair. Sorry guys.:shock: :facepalm:
EUR/USD is actually dropping like a rock. I wouldn't be surprised if it falls back to 1.1100.


QuestionEURUSD Technical Analysis: Upside remains capped by the 55-day SMA

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EUR/USD Technical Analysis: Upside remains capped by the 55-day SMA

  • After two sessions with losses, EUR/USD is now seeing some tepid recovery to the 1.1150/60 band.
  • In the meantime, a probable move lower remains well on the cards while below the key 55-day SMA in the 1.1230 region. This important hurdle is reinforced by recent failed bullish attempts.
  • The inability of the pair to regain this area of resistance in the near term (the sooner the better) should encourage sellers to return to the market on a more convincing fashion and trigger a move lower to, initially, the 1.1100 neighbourhood ahead of 2019 low at 1.1026.

EUR/USD daily chart


Source: https://www.fxstreet.com/news/eur-usd-t ... 1908151016
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EURUSD Technical Analysis: Scope for a visit to yearly lows near 1.1020

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mlawson71 wrote: Fri Aug 16, 2019 12:29 am It's clearly very bearish after over a week of consolidation. Let's see whether it will drop below 1.1000 too.
Gosh, I hate this consolidation!

EUR/USD Technical Analysis: Scope for a visit to yearly lows near 1.1020

  • EUR/USD remains entrenched into the negative territory and it has now breached the key support at 1.11 the figure.
  • In doing so, the pair has now exposed a potential move to the area of 2019 lows in the 1.1030/20 band.
  • Further down, the next relevant contention is expected to emerge at May 2017 low at 1.0839.

EUR/USD daily chart

Source: https://www.fxstreet.com/news/eur-usd-t ... 1908161038
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Re: EURUSD Technical Analysis: Scope for a visit to yearly lows near 1.1020

589
ChuChu Rocket wrote: Fri Aug 16, 2019 9:33 pm

Gosh, I hate this consolidation!

EUR/USD Technical Analysis: Scope for a visit to yearly lows near 1.1020

  • EUR/USD remains entrenched into the negative territory and it has now breached the key support at 1.11 the figure.
  • In doing so, the pair has now exposed a potential move to the area of 2019 lows in the 1.1030/20 band.
  • Further down, the next relevant contention is expected to emerge at May 2017 low at 1.0839.

EUR/USD daily chart
EURUSD-Daily-Chart-16-August-2019.png



EURUSD-Levels-Chart-16-August-2019.png


Source: https://www.fxstreet.com/news/eur-usd-t ... 1908161038
It happens every summer, I just try (the operative word being "try" here) to be patient about it. It's testing 1.1070, maybe it will finally break out below that level.


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