The EUR/USD is trading lower today due to technicals and fundamentals combined. Main trend remains bullish, but a correction is currently taking place and driving price down below 1.11. First support 1.1060. First resistance 1.1135.
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Forex, Markets, Macro Economic News Discussion.
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The EUR/USD is trading lower in todays session. The pair is currently at 1.1260. Price continues to be range bound as traders and investors wait for news to stir the market. First support remains 1.1070, first resistance 1.1410. Also, beautiful H&S pattern on H1 chart in Gold.
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The EUR/USD reached 1.1188 due to the blasts at Brussels airport and metro. The euro is still feeling the impact of the event as Europe is trying to stand strong and continue normal everyday life. My prayers and support is with the people of Belgium.
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Originally posted by rosentray View PostThe EUR/USD reached 1.1188 due to the blasts at Brussels airport and metro. The euro is still feeling the impact of the event as Europe is trying to stand strong and continue normal everyday life. My prayers and support is with the people of Belgium.
Thanks for your support!
Justice will reveal!
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The EUR/USD is trading at support around the level of 1.1160. This is best seen on the daily chart. Price will either try to bounce off this level or break it and reach 1.1100. This week no major news are expected so we could see calm markets today and tomorrow.
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The EUR/USD is trading in consolidation due to lack of fresh news. With holiday time today, the low volatility is driving away market participants to something more beneficial. Bulls need to push prices above 1.1180 as bears will try to bring them down to 1.1080.
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The EUR/USD is trading higher today due to support level reached yesterday. The pair made a high of 1.1225 and is currently trading at 1.1215. Please be aware that we have important statement from FED's Chairman Janet Yellen in less than a couple of hours.
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The EUR/USD is trading higher in today's session after it became clear that Janet Yellen is not going to raise rates next month. Traders and investors read her commentaries as bearish for the dollar and the pair surged to 1.1250 mid-event. Early this morning the EUR/USD made a high of 1.1330, first resistance and is now trading at 1.1312.
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