EUR/USD in a bullish trend for the third day breaking above july’s highest price and broke the psychological Resistance 1.1300 in the same day. This was not expected.
Next week EUR/USD will probably reach the previous high at 1.1436 but the question is whether it will rise any higher than that.
Be careful. Although it rose quite a bit on Friday it was on low volume, there weren’t as many buyers as you might think.
Could be a lot of profit taking Monday.
Now we are looking for next resistance is 1.1410 and finally my target 1.1436.
I agreed the 1.1400 zone could be a good resistance, plus their could be a bearish correction.
So what u guys suggest? Buy or sell?
Eur/Usd keeps its high near 1.1370-1.1375 zone, no gap at all.
good post (Y)
On Friday session the EURUSD pair rallied for the third straight day and closed well in the green near the high of the day on a wide range. The currency is setting its self to reach today, May’s high at 1.1460.
On Friday session EUR recorded significant growth for third consecutive day and closed at highest level against USD since mid-May. The euro rose by nearly 130 pips to 1.1366. The daily limit values were reached respectively at 1.1375 and 1.1228. The week was successful - EUR / USD is up by 2.3%. Current attitudes are positive but for continuing upward move is needed breakthrough of 1.1380 / 1.1400. Otherwise there is possible correction to 1.1290.
Another Green day for the EUR/USD and the U.S stock market is facing selloff.
EUR/USD bounced off the resistance at 1.1712 but that is probably temporary. Should the pair break above that level it will likely reach the resistance at 1.1800 visible on the monthly filter chart.
On Monday session the single currency continued its strong performance against the dollar for a fourth day. The euro recorded the most profitable session since mid-March, adding 240 pips and closed at seven-month high of 1.1616. The daily limit values were recorded at 1.1704 and 1.1369. Ongoing concerns about the global economic development and the upcoming rise in US interest rates this year helped to boost the EUR / USD. Technical attitudes are positive and next target is 1.1710.
Yesterday the EURUSD rallied once again breaking above a daily resistance at 1.1556 although closed in the middle of the daily range, signs that the bulls are losing some strength. The currency is extreme overbought and we may see a pullback to the 1.1460 level before another push upward.
EUR/USD rebounded from highest price since January and now testing strong support line 1.14280.
If it breaks below that support it might keep falling until it reaches target 1.1180.
On Tuesday EUR/USD broke the four-day rally, given that the euro has depreciated by nearly 100 pips against the dollar to a closing price of 1.1515. The session was held within the extreme values at 1.1620 and 1.1397. Relative strength index retreated from extreme levels, but continues to support the bulls and graphics develops over moving averages, alluding a continuing growth.
Yesterday the EURUSD pair fell after a rally of four straight days and closed in the red near the low of the day on a narrow range, creating an inside day. The currency did not managed to stay above the daily resistance at 1.1556 suggesting that a stronger pullback may be coming in the next few days.
EUR/USD continued falling and reached the support at 1.1320. I think that should it break below that support it will probably continue moving to the downside at least until it reaches the the support at 1.1170 which coincides with the (89)MA on the four hour filter chart.
EUR/USD continued to lose for the second consecutive session on Wednesday. The euro depreciated by nearly 200 pips to a closing price of 1.1312. The daily limit values were reached respectively at 1.1560 and 1.1291. The chart continues to develop over upward moving averages, but the relative strength index passed the negative territory. A break of 1.1290 will contribute to the bearish sentiment.