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Author Topic: EUR/USD  (Read 189776 times)

Offline fxopen78

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Re: EUR/USD
« Reply #1050 on: November 14, 2021, 10:23:07 PM »
Yes, seems long term bearish, but should beware the price movement is always up and down, in a bearish market could the price move to rise if traders take orders in bad place could disturb emotion, EURUSD already drop sharply, it possible to retrace

Offline Eliza Abrams

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Re: EUR/USD
« Reply #1051 on: November 15, 2021, 02:12:01 PM »
It remains very bearish today and it is testing 1.1435 again. I think the move south will continue this week.

Offline fxopen78

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Re: EUR/USD
« Reply #1052 on: November 15, 2021, 10:19:14 PM »
I don't have a word on EURUSD, its drop continue downtrend, its only small retrace occurs, usually compared to GBPUSd both pair has similar movement, but now there is a big difference, Euro decline deep for June

Offline Eliza Abrams

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Re: EUR/USD
« Reply #1053 on: November 16, 2021, 02:18:09 PM »
 It has dropped to 1.1330 and it remains quite bearish, I think it will likely drop to 1.1300 soon too.

Offline drunkfx

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Re: EUR/USD
« Reply #1054 on: November 16, 2021, 06:07:53 PM »
There is strong support zone near 1.13, lower bound of major downtrend I think further downside will meet much resistance.

Offline fxopen78

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Re: EUR/USD
« Reply #1055 on: November 16, 2021, 09:24:08 PM »
It still drops, now the price 1.13164, strong bearish trend, now RSI value 29, entering oversold zone-based indicator, but when strong trending, sometimes indicator not work properly.

Offline Eliza Abrams

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Re: EUR/USD
« Reply #1056 on: November 17, 2021, 04:15:19 PM »
I think we may see some correction after the latest drop, but after that there will likely be a new move south.

Offline fxopen78

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Re: EUR/USD
« Reply #1057 on: November 17, 2021, 10:41:38 PM »
Its formed long-tail candle yesterday, called pin bar, but now H1 price movement in correction, based pin bar theory its reversal signal, but not all pin bar will be valid. let see next.

Offline Eliza Abrams

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Re: EUR/USD
« Reply #1058 on: November 18, 2021, 02:37:52 PM »
I noticed it too. We may see some correction after this big drop.

Offline fxopen78

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Re: EUR/USD
« Reply #1059 on: November 18, 2021, 10:49:39 PM »
Now the price move on H1, its flat condition after move correction, its become equilibrium area, where demand and supply balance, when condition breakout, maybe will get a clear movement later.

Offline Eliza Abrams

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Re: EUR/USD
« Reply #1060 on: November 19, 2021, 03:35:38 PM »
It barely managed to move north and is now back to testing the support at 1.1250. The pair is very bearish still.

Offline fxopen78

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Re: EUR/USD
« Reply #1061 on: November 21, 2021, 10:30:56 PM »
There is a small gap that only can be seen on the small timeframe, now price 1.12844, still, low volume trading make the pairs seem not to move, I think this level on support zone, some European countries now still fight with virus outbreaks this is less good for economic growth.

Offline Eliza Abrams

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Re: EUR/USD
« Reply #1062 on: November 22, 2021, 03:22:41 PM »


The pair continues depreciating this week, as I thought it may, next target is likely around 1.1200.

Offline Eliza Abrams

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Re: EUR/USD
« Reply #1063 on: November 23, 2021, 02:20:16 PM »
 It found some support at 1.1230 but it remains quite bearish for now. So far I don't see any signal that it is about to start a major correction.

Offline fxopen78

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Re: EUR/USD
« Reply #1064 on: November 23, 2021, 08:35:35 PM »
Correction time for now, the pair move on H1 timeframe, Bb line become support and resistance
for long term, maybe still major bearish.

 

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