Political uncertainty continue to pressure the Euro, let’s wait to see which direction will central banks push the price of Euro.
EUR/USD closed Friday lower, but today is seen some recovery and the current market price is 1.0579. The immediate downward pressure still exists as long as the pair holds below the resistance at 1.0620.
On the last Friday’s session the EURUSD tried to rally but found enough selling pressure around 1.0622 daily resistance to reverse 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 continues to trade 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 50-day moving average at 1.0631 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0592 (resistance) and a daily support at 1.0462.
EUR/USD is quite undecided at the moment but it will likely test 1.0620 again soon. If it does break out above that level it will likely reach at least 1.0700.
Price Action well below the 200 SMA indicating a strong bear trend; 20 & 50 EMAs also bearish with Price Action challenging the 20. Daily MACD lines and Histogram are also in a bearish configuration but support at 1.05252 is strong. I am currently short on this pair with my price initial objective around support at 1.03857. Will stay with this trade.
Hello to all. I have stopped in to give my 2 cents about EUR/USD…
If you guys look at the chart I shares, and based on my Price Action knowledge, I would like to recommend that everyone LONG EU at between the range of 1.0600-1.05214 My prediction says that EU will move up to 1.06880 (Top of my fib) before it CLOSES at or below 1.05214 (another fib level) on the 1 hr chart. Currently we are about 60 pips higher than the sl for the buy, but I can assure you that EU will not close under 1.05214 before it spikes up t o 1.06880 We will see how it ends up, but more than likely we will have results on my recommendation no later than tomorrow.
EUR/USD was trading mixed yesterday, having reached daily high at 1.0630, but later retreated below 1.0600. The political instability impact the euro, but in case the US dollar weakens euro bulls might be seen with renewed strength.
On yesterday session, the EURUSD initially tried to rally but found enough resistance at 1.0622 to give most of its gains to the market but still managed to close in the green, in the middle of the daily range, in addition closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair continues to trade 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 50-day moving average at 1.0636 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0589 (resistance) and a daily support at 1.0462.
EUR/USD is caught in a tight consolidation between 1.0560 and 1.0620. I doubt there will be any changes before the fundamentals today.
On Tuesday, trading in Europe is relatively quiet. In anticipation of the President’s speech the United States, major currency pairs traded in limited price ranges.
EUR/USD is trading at 1.0598 against the average price of 1.0586 of intraday range 1,0565-1,0607. Although the desire of eurobulls to resume the offensive does not inspire much optimism, the euro on dips is in demand.
Post-Trump speech effect, the pair broke below its range, I set my eyes on 1.05 level.
My buy is still in order and you can see the stop loss for the buy happens to be todays daily s2 
You can see from past charts that my fibs have remained the same and todays pivots touches right up with my stop loss for the buy.
On yesterday session, again the EURUSD initially tried to rally but found enough resistance at 1.0622 to give all of its gains back to the market and closed in the red, near the low of the day, in addition closed within Monday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair continues to trade 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 50-day moving average at 1.0637 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0580 (resistance) and a daily support at 1.0462.
Gold
Resistance 3: $ 1 286 (76,4% FIBO $ 1337- $ 1122)
Resistance 2: $ 1263 (February 27 high)
Resistance 1: $ 1255/58 (61,8% FIBO $1337- $1122, February 28 high)
Current price: $ 1244.00 (-0.35%)
Support 1: $ 1229/31 (50,0% FIBO $1337- $1122, February 22 low)
Support 2: $ 1226 (February 21 low)
Support 3: $ 1216 (February 15 low
Yesterday the EUR/USD was trading elevated before Trump’s speech and marked high at 1.0630. But seems that Mr President surprised markets and boosted the US Dollar and stocks higher. Currently the pair is trading at 1.0530 and technical indicators confirm the bearish tone.
EUR/USD is very bearish after yesterday’s fundamentals. It’s testing the support at 1.0520 and if it breaks out below that level it will likely continue falling towards 1.0400 at least, especially if it breaks out below the previous low at 1.0493 too.
Recall the chart I posted about the hourly… Well it held up and EU bounced right off of the same price I had on my fibs weeks ago. When fibs and daily pivots match it is a wonderful thing. EU is still a massive BULL ladies and gents.
The majority of the British referendum electorate certainly thought so, last June (though they had a slightly different understanding of “bull”, admittedly). :o
On yesterday session, the EURUSD initially fell but found enough buying pressure at 1.0527 to trim some of its losses but closed in the red, in the middle of the daily range, in addition closed below Tuesday’s low, which suggests a bearish momentum.
The currency pair continues to trade 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 50-day moving average at 1.0638 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0574 (resistance) a daily support at 1.0527 and other daily support at 1.0462.