Reply With QuoteEURUSD has been on a negative trend and there are chances that selling will be high in this pair , so its better not to go for a buy at this point of time.
Trade EURUSD in a short range this week and expect movement in down direction
EURUSD down below the level of 1.12 as World-Signals.com forecasts by the last week. This week there are two important events from United States - Durable Orders on Thursday at 13:30 GMT and GDP Second Estimate on Friday at 13:30 GMT.
In Europe the first key events start at 8:30 GMT EU Markit Manufacturing PMI, Markit Services PMI and Markit PMI Composite. On Tuesday at 6:00 GMT is Germany GDP, at 9:00 GMT Germany ZEW Survey and Eurogroup meeting in the day. The next key events that we recommend to focus are on Wednesday at 8:00 GMT Germany IFO reports.
The key support level for EURUSD is at 1.1143 as World-Signals.com expects to see test of the support level. The chances for break below are about 50%. The trading strategy this week is to trade within the range of 1.1150 and 1.1280. Also you can keep your short positions and may expect breaks below 1.1143.
The investors continue to turn to the dollar as is widely expecting Fed to hike the interest rates in June 2016.
EURUSD-22May2016.jpg
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EURUSD has been on a negative trend and there are chances that selling will be high in this pair , so its better not to go for a buy at this point of time.
Any rally at this point in time I began looking for selling opportunities based upon exhaustion.
The EUR/USD keeps its way up, but I expect a pivot to appear very soon, so I'm preparing to open a sell.
I've already written in the other thread, but I think I should repeat here that EUR/USD seems to be going to continue the down trend and we'd better sell here.
The EUR/USD seems to have built a support quite successfully and now it's going up little by little. Let's join the bulls.
The EUR/USD was going up little by little, but now it seems to have come back to its usual down trend and I'm pretty sure we should sell today.
I guess the EUR/USD will go up after the opening of the market, so I'm preparing to open a buy here.
The EUR/USD seems to have finished that huge pull-back and the chart will probably go up next week. I'm buying tomorrow.
The EUR/USD pair rallied initially during the day on Tuesday but ran into a significant amount of trouble above the 1.06 handle.
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I don’t know if we can break down below the 1.05 handle, but until we break above the 1.07 level, I know that I don’t want to buy this pair.
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