The range become tighter and the pair stuck just below 1.1200 and continue in search of direction. On the downside, immediate support at 1.1147.
Yesterday the EURUSD pair initially fell but found enough buying pressure to turn around and close in the green near the high of the day, again shy above the 10-day moving average. The currency continues in a range bound trading but we got a golden cross. The key levels to watch today are the same of yesterday 1.1237 (Resistance) and 1.1097 (Support) and a break above the resistance or a break down below support would set the tone for the mid-tem.
EUR/USD is still forming a flag and should it break above 1.1230 it might reach the resistance at 1.1270 that coincides with the (89)MA on the four-hour filter chart.
Yeah I saw that EUR/USD failed to break the support line and rebounded again to the upside.
EUR/USD aimed higher today and broke above the resistance at 1.1230 and 1.1270 after the weak US data, And recently traded above the last resistance, but the eurozone still unstable to keep the pair climbing .
Yesterday the EURUSD initially fell but found yet again enough buying pressure to break above a daily resistance at 1.1237 and closed in the green near the high of the day, setting a bullish tone for the mid-tem. The key levels to watch today are a previous swing high at 1.1332 (Resistance), a daily resistance at 1.1460 and the previous resistance now support at 1.1237.
The single currency recorded a significant growth against the dollar on Thursday, which technically was the fifth consecutive profitable day for the currency pair. The euro rose by nearly 70 pips to a closing price of 1.1278. The session was held within the extreme values at 1.1294 and 1.1278. The price went above moving averages, while the index of relative strength develops in positive territory. Break of 1.1290 will confirm the current optimism and the next target is 1.1320.
Eus/Usd failed another attempt to extend beyond 1.13 handle, now testing on the downside 1.1250 level.
Euros are rolling on MDMA.
Today EUR/USD hit another fresh ten day high after making a fresh ten day low on September 3. This choppity-chop-chop is just over the 200 day moving average. Any price movement above today’s high during the coming week will have me long on my ten day system. While many are still fundamentally bearish on the euro (I am am certainly bearish the euro) the fact that FED rate hikes might be put off indefinitely may have many thinking the big downswing from summer 2014 was a bit overdone and had too much rate-hike baked in it. This could mean a rally that can be traded long for some weeks or months. Still, shorting here will be popular, but that only means buying pressure will be heavy if stops on shorts are triggered.
Despite funnymentals, after trading EUR/USD short since May 2014, I am saying for the time being: “I am looking to go long unless we roll back below the MDMA.”
-Adrian
The EUR/USD rose up today ad broke above the 1.1320 resistance level. A consolidation above the 1.1300 level may lead for more gains ahead of Wednesday, when the Federal Reserve will announce its decision on rates.
EUR/USD will probably continue climbing until it reaches the resistance at 1.1440 visible on the weekly filter chart. Depending on the events on next Wednesday it might even continue rising until it reaches the previous high on 1.1713.
RSI is mixed to bullish and the price is facing resistance at 1.1360 then 1.1400. the market is bullish before the FED meeting next week which will have a huge effect on the market.
On Friday session the EURUSD pair rallied for a second straight day and closed in the green near the high of the day with a narrow range. The currency is in a well-established bullish phase after the golden cross last week and trading well above the 10-day moving average.
The key levels to watch today are 1.1495 (Resistance) and 1.1237 (Support) and we may have a pullback to the 1.1237 (Support) before another push upward.
The pair is trading within a narrow range prior the FOMC. The immediate resistance can be found at 1.1332 and on the downside is located at 1.1244.
The euro recorded a rise on the last day of the week. The EUR/USD opened at a price of 1.1278 after steady upward trend throughout the session and in the end closed at a rate of 1.1341. The pair managed to break the first resistance at 1.1290 and if the trend continues, the next target will be the second resistance at 1.4300.
Technical Analysis: Glencore and EURUSD sell to strength, FTSE 100 consolidation Leave a reply On: 8 Sep 2015 From the broker upgrades and downgrades; Deutsche bank still have a buy call on Anglo American PLC (LON: AAL), and BNP Paribas have Tesco (LON: TSCO) to outperform with a new target of 230 (despite seeing little change following their South Korea deal). Jefferies International have a hold call for Ocado Group (LON: OCDO) as well, sticking to the 385 target price. With the Glencore (LON: GLEN) share price all over the place, Zak Mir recommends following the trend and selling to strength, or avoiding this stock altogether. Associated British Foods (LON: ABF) has seen a bit of a wobble, bouncing off of support from the moving average. Mir believes that 3200 is still a possibility. Standard Chartered (LON: STAN) has also seen a rebound from a lower low. There’s a bear trap below 700, and Mir believes a price of 750 to be the best case scenario for now. Antofagasta (LON: ANTO) is currently in a falling wedge formation, trying to break through the 50 day average. It could still get back to 650 if it closes above this line however. Mir believes that the FTSE 100 could find consolidation if it closes above 6200 this week. - See more at: Technical Analysis: Glencore and EURUSD sell to strength, FTSE 100 consolidation | TipTV.co.uk
After a bit of fall the pair again moved up, the market will make any considerable movement after the federal reserve announcements.
EUR/USD rebounded from the weekly resistance 1.1370 I don’t think any major support or resistance will be broken or a wide range of movement to happen until the interest rate decision.
The EUR/USD fell today after recording the highest point last week, Today reached 1.1372 in the early morning to 1.1284 but we still in the beginning for the week.
EUR didn’t record a significant change on Monday, despite the relatively volatile session. The pair recorded a small fall, but failed to break through levels at 1.1290. Relative strength index moved in positive territory as the pair remains above the 100-period moving average. Break of 1.1290 will target EUR/USD to 1.1180.