EURUSD Looks To Extend Downside Pressure On Sell-Off

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FrancoisT
Join date: 2016.02.12
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#76

Greetings:

EUR/USD seems to have some bullish bias for today on smaller charts. Next perhaps would be the high at 1.0624 from earlier today :)  

forextips
Join date: 2016.11.11
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#77

The EUR/USD pair consolidated its sharp recovery move from Wednesday's multi-week lows and was confined in a 15-20 pips narrow band around multi-day tops near 1.0670-75 bands.

Despite of the recent upbeat US economic data, including a trio on Thursday, and growing prospects for an eventual Fed rate-hike action, the greenback has struggled to gain any fresh traction as investors remained cautious and awaited more details on tax plans. 

With no relevant fundamental triggers, in-terms of major market moving economic releases, the US Dollar price dynamics would remain an exclusive driver of the pair’s movement on Friday.

Currently the exchange rate of EUR/USD pair is 1.0673.

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Sell as the EUR/USD forex pair is going down in Forex Market.

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FrancoisT
Join date: 2016.02.12
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#78

Greetings:

EUR/USD looks reversing. I expect to see test around 1.0630/40 (not far away from current price and then will see).  :)

FXTechstrategy
Join date: 2016.05.13
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#79

EURUSD: Vulnerable To Downside Though With Caution

EURUSD: With the pair closing strongly lower on Friday, further weakness is envisaged. On the upside, resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0700 level. Further up, resistance lies at the 1.0750 level where a break will expose the 1.0800 level. Conversely, support lies at the 1.0550 level where a violation will aim at the 1.0500 level. A break of here will aim at the 1.0450 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, EURUSD faces further downside pressure.

 

FXTechstrategy
Join date: 2016.05.13
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#80

GOLD:  Risk Remains Lower On Pullback Threats

 GOLD: The commodity continues to retain its upside pressure but with caution. On the downside, support comes in at the 1,220.00 level where a break will turn attention to  the 1,210.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,200.00 level. Below here if seen could  trigger further downside pressure targeting the  1,190.00 level. Conversely, resistance resides at the 1,240.00 level where a break will aim at the  1,250.00 level. A turn above there will expose the  1,260.00 level. Further out, resistance stands at  the 1,270.00 level. All in all, GOLD looks to strengthen further.