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Author Topic: EUR/USD  (Read 197592 times)

Offline fxopen78

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Re: EUR/USD
« Reply #1020 on: October 25, 2021, 12:01:19 AM »
There is the small gap we can see on the M5 timeframe, but now the gap is already covered and the price looks normal again, now price closest to the upper band line, while RSI level value is 54, I think the price still moves in the range daily.

Online Eliza Abrams

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Re: EUR/USD
« Reply #1021 on: October 25, 2021, 04:30:58 PM »


It's pretty bearish as I thought it would be, I think it will likely drop to 1.1550 next.

Offline drunkfx

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Re: EUR/USD
« Reply #1022 on: October 25, 2021, 06:54:36 PM »
It seems that Euro has been sold off before the ECB meeting.

Offline fxopen78

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Re: EUR/USD
« Reply #1023 on: October 25, 2021, 10:45:24 PM »
Powell already emphasizes tapering off, I think the impact will be long term, now price 1.16100, retracement still possible occurs, opening week formed bears candle, could lead sellers to arise.

Online Eliza Abrams

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Re: EUR/USD
« Reply #1024 on: October 26, 2021, 02:12:58 PM »
It bounced off from 1.1590, so for now the consolidation continues. I still think the overall trend is bearish though.

Offline fxopen78

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Re: EUR/USD
« Reply #1025 on: October 26, 2021, 10:58:02 PM »
EURUSD drop again yesterday, based on price history, the support zone still has a large distance from the current price, now based H1 timeframe, the BB line already expanded as increase volatility, but now price is still in a retracement, I don't know where price will move, but I still vote this bearish.

Online Eliza Abrams

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Re: EUR/USD
« Reply #1026 on: October 27, 2021, 04:03:53 PM »
It is quite bearish again today, but it is yet to break out below 1.1600 properly. I think it is a matter of time though.

Offline fxopen78

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Re: EUR/USD
« Reply #1027 on: October 27, 2021, 11:34:27 PM »
Yesterday market prices are wavy, up and down but still move on the previous range daily, price drops but then get a push from the buyer and make the price land to formed bulls candle, after price reach previous high, then drops again.

Online Eliza Abrams

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Re: EUR/USD
« Reply #1028 on: October 28, 2021, 03:15:00 PM »


I was convinced the move south would continue but clearly the correction is not over yet and I was wrong. It looks like next target is around 1.1700.

Offline fxopen78

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Re: EUR/USD
« Reply #1029 on: October 28, 2021, 11:37:10 PM »
It's very surprising the price EURUSD surging and formed a new high after a downtrend along early week, before I predict the price still will continue to drops, but it is not, the price soaring very high and formed long body candle, there are opinion if this occurs because ECB monetary policy announcement

Online Eliza Abrams

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Re: EUR/USD
« Reply #1030 on: October 29, 2021, 04:04:52 PM »
Now it's back to 1.1570, the consolidation clearly continues. I doubt it will end this week.

Offline fxopen78

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Re: EUR/USD
« Reply #1031 on: October 31, 2021, 10:08:29 PM »
Very high volatile, EURUSD drop again after formed new high, and the price formed new low, what happens actually still wondering to get reason, I think now price already on support zone, let see what happen later.

Online Eliza Abrams

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Re: EUR/USD
« Reply #1032 on: November 01, 2021, 03:29:47 PM »


As I thought, the consolidation continues. Next target is likely at 1.1600.

Offline drunkfx

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Re: EUR/USD
« Reply #1033 on: November 01, 2021, 05:30:34 PM »
It seems that Euro has been sold off before the Fed meeting. Big news are coming on Wednesday!

Offline fxopen78

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Re: EUR/USD
« Reply #1034 on: November 01, 2021, 10:26:46 PM »
After the price drops on last week, now we can see if the price move to rise again, I just think 1.1550 level price become support zone, bullish candle already reach half of the previous body candle, price now closest to middle band, H1 formation still bullish.

 

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