Yesterday the EURUSD initially fell but found enough buying pressure to reverse and closed near the high of the day, although managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.
The pair closed below all three moving averages 10, 50 and the 200-day that are acting as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1200 (resistance), and a daily support at 1.1097.
EUR/USD broke above 1.1200 and is currently testing 1.1245. A breakout above that level will likely lead to a further move to the upside towards 1.1300 again.
Yesterday the EURUSD initially rallied but found enough selling pressure at 1.1237 to give back to the market most of its gains but closed in the green however near the low of the day, in addition managed to close above the previous day high, which suggests a weak bullish momentum.
The pair closed above all three moving averages 10, 50 and the 200-day that are acting as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1201 (support), and a daily support at 1.1097.
If the pair manages to withstand the bulls’ pressure, it will open the way to test the support level at 1.11988. A successful breach of this level, 1.11988, will impose a bearish outlook, triggering a sell signal targeting the supports at 1.11938, 1.11914 and even lower at 1.11864. A protective stop loss at 1.12112 is highly recommended.
EUR/USD bounced off 1.1200 again after forming an inverted hammer candlestick above that support on the four-hour time-frame. Next target is likely the previous high at 1.1260.
The euro rose against the dollar on Friday. By the close of US trading EUR / USD was trading at 1.1227, gaining 0.17%. I believe that the support is now located at the level of 1.1119, Wednesday’s low and resistance is at the level of 1.1258 - the maximum of Thursday.
Eur/Usd remains in a tight range for the forth week, with less volatility, the pair might well kept in the limited range for now. Next immediate resistance level can be found at 1.1245 zone and follow by 1.1290/1.130.
On the last Friday’s session the EURUSD initially fell but found enough support at the 200-day moving average to erase all its losses and closed near the high of the day, however it did not had enough strength to close above Thursday’s range, which suggests being slightly on the bullish side of neutral.
The pair is trading above all three moving averages 10, 50 and the 200-day that are acting as dynamic supports.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1202 (support), and a daily support at 1.1097.
The single currency marked a modest rise against the US dollar on Friday. The session started at 1.1207 and closed only 19 pips higher. Currently the outlook remains positive with possible test of the next resistance at 1.1286.
EUR/USD is currently testing the resistance at 1.1260. A breakout above that level will likely lead to a further move to the upside towards 1.1300 - 1.1320.
The single currency registered an increase against the US dollar on Monday. The pair opened at 1.1229, the intraday high was marked at 1.1278 and the low at 1.1220. Finally the euro closed at 1.1253 and if bears are strong enough , the first resistance at 1.1286 sseems to be their next target.
Yesterday the EURUSD initially rallied but found enough selling pressure at 1.1279 to give back to the market some of its gains but closed in the green however in the middle of the daily range, although managed to close above the previous day high, which suggests bullish momentum.
The pair is trading above all three moving averages 10, 50 and the 200-day that are acting as dynamic supports.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 200-day moving average at 1.1203 (support), and a daily support at 1.1097.
EUR/USD bounced off 1.1280, but the inverted hammer candlestick the pair has formed on the four-hour time-frame above the support at 1.1230 is a signal that the move to the upside will continue.
Yesterday the EURUSD initially fell but found enough buying pressure at 1.1195 to trim some of its losses but still closed in the red however in the middle of the daily range, in addition managed to close below the previous day low, which suggests a bearish momentum.
The pair is trading above all three moving averages 10, 50 and the 200-day that are acting as dynamic supports.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, the 200-day moving average at 1.1203 (support), and a daily support at 1.1097.
The single currency recorded a decline against the US dollar on Tuesday. After a volatile session, the euro lost 40 pips at a closing price of 1.1213. If the downward trend continues, most likely the euro will test the first support located at 1.1100. Otherwise, looking to the upside, the pair will test the resistance at 1.1286.
EUR/USD is still consolidating sideways between 1.1200 and 1.1220 but it also just formed an obvious hammer candlestick on the four-hour time-frame, so I expect a new move to the upside.
The dollar lost gains against the other major currencies on Wednesday after the release of positive data on orders for durable goods in the US, while the markets are still focused on the long-awaited meeting of key oil producers.
EUR/USD is stable at 1.1212.
The pair’s correction movement continues, bouncing around 1.121 level with very little progress. Immediate support level can be found at 1.1180/90 zone, break below could lead to further decline.
The single currency was trading close to unchanged against the US dollar on Wednesday. The short term outlook remains negative and breakthrough of yesterday’s low will drag the pair further downwards. Support is located at 1.1100 and 1.0980. Resistance is seen at 1.1286 and 1.1400.
Yesterday the EURUSD went back and forward without any clear direction but still closed in the red however in the middle of the daily range, in addition managed to close within the previous day range, which suggests being clearly neutral, neither side is showing control.
The pair continues to trade above all three moving averages 10, 50 and the 200-day that are acting as dynamic supports.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1203 (support), and a daily support at 1.1097.
