EUR/USD found some support at 1.0520 but the move to the downside will likely continue. A breakout below that level will probably lead to a further drop towards 1.0440.
The EURUSD is still in a bearish trend, even though it tried to pull back to the upside. A brief correction may be on the works, but it might as well go back down.
Yesterday the EUR/USD pair marked close to five-week fow at 1.0520 but found enough strength to bounce off back to 1.0600 area. Immediate resistance is seen at 1.0640 and fisrt support is located at 1.0575.
On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure at 1.0526 to reverse and managed to close near the high of the day, creating a hammer pattern, in addition the currency pair closed within Tuesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0659 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0605 (resistance) and a daily support at 1.0462.
EUR/USD bounced off from 1.0520 and is currently testing the resistance at 1.0660 which is the (MA)89 indicator on the four-hour time-frame. If it breaks out above that level it will likely continue moving to the upside towards 1.0700.
Yesterday the EUR/USD rallied and marked best performance since late January . The pair added 74 pips and closed at 1.0673. In the short-term bulls are in play and aiming 1.0675.
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, creating a bullish belt hold line pattern, in addition the currency pair managed to close above Wednesday’s range, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and 50 day moving averages that should provide a dynamic support but is still below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0648 (support), a daily support at 1.0622, the 50-day moving average at 1.0610 (support) and a daily support at 1.0462.
EUR/USD bounced off from 1.0678 but it appears that the retracement was only temporary. The pair broke out above 1.0655 and it’s still moving to the upside, likely to test the aforementioned high again.
Key levels to watch for:
Support: 1.0550; 1.0370;
Resistance: 1.0815; 1.0980.
The euro was down against the US Dollar on Friday. By the closing of US trading EUR/USD was trading at 1.0615, shedding 0.55%. I believe that the support is now located at the level of 1.0520, Wednesday’s low and resistance is at the level of 1.0682 - maximum of Thursday.
EUR/USD closed at 1.0611 amid mixed market reactions on the latest Janet Yellen speech. The next week would bring the FOMC minutes on Wednesday.
The EURUSD came back down on Friday and it looks like the pullback attempt is over. Now, the pair may try to reach the 1.0519 level. To the upside, the 1.0827 level is still its most relevant resistance.
Eur/Usd is trading almost flat, but bearish trend strength remains, immediate support level can be found around 1.0600/1.0590.
Important level, break lower would open the door to 1.0500 key zone.
On the last Friday’s session the EURUSD fell with a narrow range and closed near the low of the day, although the currency pair managed to close within Thursday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 50-day moving average that should act as dynamic support and closed below the 10-day moving average but remains trading below and 200-day moving average both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0635 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0614 (support) and a daily support at 1.0462.
EUR/USD is stuck in a tight range between 1.0600 and 1.0630. A breakout below the support will likely lead to a further move to the downside towards 1.0560 - 1.0550.
The EUR/USD started the new week trading within tight range. The lack of significant macro data today also impacted. Technical indicators have turned from neutral to bearish and the risk towards the downside remains in tact.
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, also managed to close within Friday’s range, which suggests being clearly neutral neither side is showing control.
The currency pair is trading below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, a daily support at 1.0622, the 50-day moving average at 1.0614 (support), the 10-day moving average at 1.0620 (resistance) and a daily support at 1.0462.
EUR/USD was indecisive yesterday. Price traded lower earlier this morning, reaching 1.0576. The bias is bearish for testing the 1.0520/00 area, which seems a good place to place long position with tight stop losses. Resistance for the day is 1.0600/20, whose breakthrough could lead price to neutral trading zone for testing important 1.0680 level. On the downside, a clear break and daily close below 1.0520/00 would have to open the door to 1.0400 - 1.0350. Overall I am still neutral.
EUR/USD crossed to below the 1.06 mark which now is acting as an intraday resistance. The pair is currently trading at 1.0534 and next bears target is seen at 1.0500 area.