EUR/USD did move to the downside after forming a shooting star candlestick on the daily time-frame at 1.0900. It’s currently testing the support at 1.0750, which coincides with the (MA)89 indicator on the four-hour time-frame, and a breakout below that level will likely lead to a further drop towards 1.0700.
EUR/USD met huge selling pressure and today is trading lowest for the week. Short term outlook remains bearish with critical support at 1.0735. In case of breaking it, further downslope might lead the towards teh stronger one at 1.0700.
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Tuesdays’ low, which suggests a strong bearish momentum.
The currency pair is trading above the 50-day moving average that should provide dynamic support and is trading below the 10 and 200-day moving average that should act as dynamic resistance.
The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0839 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0793 (resistance), a daily support at 1.0713, the 50-day moving average at 1.0670 (support).
The single currency recorded negative session against the US dollar on Wednesday. The pair lost 46 pips at a closing price of 1.0765. Daily extreme values were reached respectively at 1.0826 and 1.0739. If downward direction continues the pair will move towards support at 1.0550.
Key levels to watch for:
Support: 1.0550; 1.0370;
Resistance: 1.0815; 1.0980.
EUR/USD finally broke out below 1.0750 and the path to 1.0700 is clear. The question is whether it will be able to break out below that level too, if it does there will likely be a further drop towards 1.0630.
EUR/USD performed worst for March and closed at 1.0685. The pair broke the ctitical support at 1.0700 and it looks that the price will extends its slide to downwards.
On yesterday session, the EURUSD fell again with a wide range and closed near the low of the day, in addition managed to close below Wednesday low, which suggests a strong bearish momentum.
The currency pair is trading above the 50-day moving average that should provide dynamic support and is trading below the 10 and 200-day moving average that should act as dynamic resistance.
The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0837 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0787 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0668 (support) and a daily support at 1.0622.
EUR/USD is about to close the week consolidated around 1.0680. The price is now 1.0674 as bears have taken control again due to strong US data.
With the beginning of the current week the EUR/USD pair marked a fresh 4 month high, but meanwhile since then started to drop to currently trade at 1.0680. The short term outlook remains bearish. Key support is standing at 1.0660 and in case of breaking it, further weakness is seen around 1.0620 area.
EUR/USD: The trade signals remain down to test 1.0600. On the charts we have a bullish divergence indicator CCI, suggesting bullish correction especially if price would be able to make a clear break above 1.0700 to test 1.0750 - 1.0785. But as long as price holds above 200 EMA, I prefer a bearish scenario at this phase and any upward pressure should be seen as a good opportunity for short positions.
The euro fell against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1,0655, losing 0.20%. I believe that support is now at around 1,0652, the low of today’s trading, and resistance is likely to come in at 1,0905, Monday’s high.
Eur/Usd is in the correction mood while still well within negative territory. The pair has found immediate support level at 1.0650, break below could lead to 1.06 zone.
On the last Friday’s session the EURUSD fell with a narrow range and closed near the low of the day, in addition the currency pair managed to close below Thursday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10, the 50 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0835 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0779 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0665 (resistance) and a daily support at 1.0622.
EUR/USD extended its decline and marked 3-week low at 1.0642. While staying below the critical level at 1.0700, the risk remains towards the downside.
On yesterday session, the EURUSD went back and forward without any clear direction but closed in the green, in the middle of the daily range, however the currency pair closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10, the 50 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0830 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0751 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0661 (resistance) and a daily support at 1.0622.
EUR/USD is still quite bearish despite the pair of spinning top candlesticks that have formed on the daily time-frame at the support at 1.0640. Next target is likely around 1.0545 - 1.0550.
On yesterday session, the EURUSD initially fell but found enough buying pressure at 1.0642 to turn around and closed in the green, near the high of the day, however the currency pair closed within Monday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair managed to close above the 50-day moving average that should provide a dynamic support, however is still trading below 10 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0828 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0741 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0659 (support) and a daily support at 1.0622.
The euro recorded a third consecutive neutral session against the dollar on Tuesday. So the couple stayed in range by the end of last week, about the level of support at 1.0620. Short-term indicators at the moment, however, are in favor of the single currency. Trading on Tuesday was opened at a price of 1.0667, while the rate of closure was 5 pips higher. The trend varies in a very narrow range, the difference between the highest and lowest value for the day was 41 pips.
Key levels to watch for:
Support: 1.0620; 1.0598;
Resistance: 1.0773; 1.0828.