Trade Idea EURUSD Sell at 1.1000 Increased on Monday

|Chart | Calendar   | TRADE NOW | EURUSD

Euro Dollar Exchange Rate| Data | Chart | Calendar

BUZ INVESTORS Trade Idea EURUSD Sell The EURUSD increased 0.0051 or 0.46% to 1.0975 on Monday May 15 from 1.0924 in the previous trading session. Historically, the Euro Dollar Exchange Rate – EUR/USD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies.

EURUSD

Trade Idea EURUSD Sell This morning at 09:40 GMT, the EUR is trading at 1.0950 against the USD, 0.18% higher from the New York close. In economic news, Italy’s consumer price index advanced on a monthly basis in April. This morning, the pair traded at a high of 1.0954 and a low of 1.0920. The Euro traded 0.22% higher against the US Dollar in the New York session on Friday, with the pair closing the session at 1.0930. The pair is expected to its find support at 1.0894 and its first resistance at 1.0980.



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Trade Idea EURUSD Sell

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Euro has staged a strong rebound after falling to 1.0839, suggesting consolidation above this level would be seen and near term upside risk remains for further gain to 1.0997 resistance, however, if our view that top has been formed at 1.1025 is correct, upside would be limited and price should falter below recent high at 1.1025, bring another decline later. Below 1.0895-00 would bring weakness to 1.0855-60 but break there is needed to retain bearishness an extend the fall from 1.1025 top to 1.0821, then 1.0795-00 later.

In view of this, we are still looking to sell euro on further subsequent rebound as 1.0997 resistance should limit upside. Only break of said resistance at 1.1025 would abort and signal early upmove has resumed instead, bring further gain to 1.1050-55 and later 1.1075-80 before prospect of another retreat.

 

Euro Dollar Exchange Rate – EUR/USD

The EURUSD spot exchange rate specifies how much one currency, the EUR, is currently worth in terms of the other, the USD. While the EURUSD spot exchange rate is quoted and exchanged in the same day, the EURUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides the latest reported value for – Euro Dollar Exchange Rate – EUR/USD – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Dollar Exchange Rate – EUR/USD – actual data, historical chart and calendar of releases – was last updated on May of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.09 1.87 0.70 1957 – 2017 Daily
Euro Area Markets Last Previous Highest Lowest Unit
Stock Market 3637.52 3623.55 4557.57 1809.98 points [+]
Currency 1.09 1.09 1.87 0.70 [+]
Government Bond 10y -0.45 -0.45 2.57 -0.50 percent [+]

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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