Intraday support is 1.0860, whose breach could lead price to neutral trading zone testing 1.0800 but important support remains at 1.0700. On the upside, a clear break above 1.0969 could trigger further bullish pressure testing 1.1060 and the trend line resistance. As long as price remains below the trendline, the bearish scenario remains valid.
on the daily chart, the EURUSD has stayed in a range between the 1.07 and 1.10. Today’s rally doesnt show a clear direction yet, since the 1.1000 could act as resistance.
The single currency recorded a strong increase against the dollar on Thursday. The euro registered a fourth consecutive winning session and as a result the resistance at 1.0917 was broken. If bullish sentiment continue, the pair may test the second key level at 1.1003. The session on Thursday opened at a price of 1.0891 and closed with 47 pips higher. Prevailing trend was bullish, as the peak of the day was reached at 1.0967.
On yesterday session the EURUSD rallied with a wide range and closed well in the green, near the high of the day, in addition closed above previous day high, suggesting a strong bullish momentum.
The pair continues to close above the 10 and the 50-day moving averages that are acting as a dynamic support.
The key levels to watch are: The 200-day moving average at 1.036 (resistance), the previous swing high at 1.0975 (resistance), the 50-day moving average at 1.0884 (support), 10-day moving average at 1.0872 (support) and a swing low at 1.0778 (Support).
well BOJ reversed all the game. adopting negative interested was no at all expected. now euro is also suffering due to great strength in greenback. in my view support remains intact at 1.0709 while resistance is stiff at 1.10
I agree, on the upside 1.100 is still the psychological level, the gain seems limited around 1.0920.
Not only did EUR/USD fail to break above 1.1000 but it bounced off the resistance at 1.0967 after forming a shooting star candlestick on the 4-hour time-frame and moved to the downside again. It will probably reach the support at 1.0800 soon.
The single currency continued its winning series against the dollar on Thursday after oil prices rose sharply during the last days of speculation to reduce production, and thanks to the weak US economic data.
The strong US Dollar crashed the EUR/USD gain within the week but the pair bounced up of the hourly support at 1.0810, Looks like we gonna start over from we opening of this week.
you can see how strong is the market indecided with EUR/USD, once price broke above the sideways range you can see the next day how the price quickly returned 100 pips to stay inside the range of 1.0900 and 1.0800.
Immediate support level at 1.0800 is still holding for now, break below could lead to 1.0700 zone.
On Friday session the single currency broke a four-day winning streak and erased most of weekly gains. The Euro lost 107 pips to a closing price of 1.0832. Trading passed within the final values 1.0947 and 1.0810. However, for the week EUR/USD managed to rise by nearly 40 pips. Technically the pair continues to move in a range, as break of levels at 1.0995 or 1.0790 will suggest prevailing attitudes.
On the last Friday’s session the EURUSD plunged with a wide range and closed well in the red, near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.
The pair closed below the 10 and the 50-day moving averages that now should act as a dynamic resistance.
The key levels to watch are: The previous swing high at 1.0975 (resistance), the 50-day moving average at 1.0882 (resistance), the 10-day moving average at 1.0864 (resistance) and the last swing low at 1.0779 (Support).
The pair is testing the resistance at 1.0900 again. If it breaks above that level it will rise towards 1.1000.
EUR/USD once again touch the support line of the sideways range and form a reverse signal and rebounds inside the range. Now the Resistance level is tested I dont think there will be a break till Friday.
As i said last Friday, The EUR/USD made the touch down to star over to claim again to the weekly resistance at 1.0942. the resistance at 1.0916 was unbreakable til now.
The pair couldn’t find enough momentum to rally, still trading sideways in the range between 1.0800 to 1.0925.
The single currency added value against the dollar on Monday but remained in familiar territory. The euro rose by 55 pips to a closing price of 1.0887, although earlier in the day Mario Draghi reminded that it’s possible additional monetary stimulus by the ECB to be performed in March. Daily extremes EUR/USD reached 1.0911 respectively and 1.0814. Technical outlook for the pair remains neutral as it continues to consolidate.
Last week the EURUSD rose with a narrow range, creating an inside day and managed to close in the green near the high of the day, furthermore closed within the previous day range, suggesting a weak bullish momentum.
The pair closed above the 10-day moving average but shy below the 50-day moving average that continues to act as a dynamic resistance.
The key levels to watch are: The previous swing high at 1.0967 (resistance), the 50-day moving average at 1.0892 (resistance), the 10-day moving average at 1.0860 (support) and the last swing low at 1.0779 (Support).
The pair is testing the upper end of the range around 1.0920/25, break above it could lead to next resistance level around 1.0940 zone.