Eur/usd - page 357
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EUR/USD still swinging between 1.0630 and 1.0730 price formed hammer on the support level and rebounded.
In my opinion, this week, the dollar will likely trade in a range against other major currencies, in expectation of the meetings of the Federal Reserve and the European Central Bank next month.
The EUR/USD tested the support level at 1.0601 today but found a good around it, Tomorrow if he pair broke below i think it is gonna be good opportunity to open a position.
Yesterday the EURUSD initially fell but found enough support at 1.0622 to turn around although closed in the red but near the high of the day, suggesting a pullback for today.
The 10-day moving average continues to push the currency down acting as a strong resistance.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0679 (resistance), 1.0622 (Support), and 1.0462 (support).
The single currency recorded a dynamic session against the dollar on Monday. The pair remained at the lower levels reached last week, but thanks to volatile trading all the time, support at 1.0613 was broken. Currencies, however finished above the key level and short-term expectations are in favor of the euro. Monday session started at a price of 1.0638 finished 3 pips below. The difference between the lowest and highest value for the day was 63 pips.
EUR/USD: Pair Unmoved as US GDP Meets Expectations The US GDP for Q3 improved from the 1.5% booked in the first estimate to 2.1% in the second revision, the Bureau of Economic Analysis advised on Tuesday.
In addition, the GDP price index annualized ticked higher from 1.2% to 1.3% in Q3, while the PCE annualized index decreased from 3.2% to 3.0%.
The greenback hardly moved as most of these "good news" were already priced in and the pair remained trading around $1.0660 shortly after the release.
These data will be followed by the consumer confidence gauge for November, which should improve from 97.6 to 99.5.
The pair did not react to the latest news about the Russian jet being shot down in Turkey, which sent stocks plunging and boosted demand for safe-haven assets like gold and the yen.
Focus will then shift to Wednesday's US durable goods, along with jobless claims and personal spending and income figures.
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Yesterday on daily chart market made a doji, today EUR/USD is trading around the opening price most probably a second Doji is going to be formed. the market is waiting for the FED meeting before any big movement.
It is The calm before the storm, The EUR/USD is preparing to climb up and reverse the down trend.
The euro registered a slight increase against the dollar on Tuesday. The session was calm with no significant changes in the price. Short-term expectations remain in favor of the single currency. In this case the resistance at 1.0780 is threatened. The sessions started at 1.0635 and initially bulls prevailed. After being marked a peak at 1.0672, the price went through a correction and the final was set to level 1.0642.
Yesterday the EURUSD initially rose but found enough selling pressure near the 10-day moving average to reverse but still managed to close in the green at the middle of the daily range, suggesting a down day for today.
The 10-day moving average continues to push the currency down acting as a strong resistance.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0663 (resistance), 1.0622 (Support), and 1.0462 (support).