The euro recorded a volatile session against the dollar on Tuesday. Although the pair varied widely in the end opening price session was similar to the closing price, respectively, 1.1136 and 1.1131. Bulls prevailed in the early hours and the peak for the day was marked at 1.1172. Short-term expectations remain in favour of the euro. Support is seen at 1.1069 and 1.0998. Resistance is located at 1.1226, followed by 1.1291.
Yesterday EURUSD tried to rally but found enough yet again enough resistance at 1.1164 the 10-day moving average to turn around and close near the low of the day however managed to close within the previous day range, which suggests being slightly on the bearish side of neutral.
The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.
The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1164 (resistance), a swing low at 1.1141 (resistance), a daily support at 1.1097 and the 200-day moving average at 1.1070 (Support).
eur usd just follows aud usd like a baby crawling 1 day late sometimes 2 thats why its so hard. takes a big swing by aud usd to effect eurusd and by then your already in to late and swings against you.
Its more fore hedge funds not day or weekly traders, its more a monthly
Euro/Dollar attempted to rise higher yesterday, topped at 1.1173 but dropped down after, it closed lower at 1.1130 and hit 1.1113 earlier this morning. Trading signals remain down for testing the lower line of the bullish channel and 1.1100 - 1.1050 area. On the upside, key intraday resistance remains at 1.1180 (200 day EMA). A clear break and daily close above this level could trigger further bullish pressure testing 1.1250 or higher. On the downside, a clear break and daily close below 1.1050 would reactivate its bearish pattern with targets near 1.0800.
the euro will rise its usally around 2 days late of the aud usd trend
as i said to win at eur usd you have to pick a aud usd dollar monthly outcome . if you can pick a monthly aud usd outcome you can get in the back end. if you look at charts you see iâm right
The euro fell against the US dollar on Tuesday to 1.1132, shedding 0.06%. Support is now at around 1.1096 - Mondayâs low, and resistance is likely to make the level of 1.1218 - maximum of Thursday.
eur usd day trading weekly trading is almost impossible
its always 1 - 2 days off the aud usd so you already lost a quarter of a week. 3 weeks into month of aur aud usd is time to work out trend for eur usd
Today, the dollar fluctuates slightly below the maximum of two months to a basket of major currencies after a series of mixed economic data from the United States a little tempered expectations Fed rate to rise in the near future. The euro weakened 0.1 percent to $ 1.1119, staying above the minimum of 2.5 months set on Monday.
On Wednesday, the dollar is lower against other major currencies as well as mixed US economic reports that were released in the previous session, continue to put pressure on the dollar. Ambiguous data prompted investors to slightly revise expectations for timing the next Fed rate increase. The EUR/USD rose 0.24% to 1.1159.
the eur usd doesnât follow the fed rate it follows the aud usd
fed rate doesnât effet anything show me a big drop or gain from a fed rate? you wont cause usa dont export anything, exchange rates are governed by inport and export and australia has big export in minerals, the aud usd is the one to follow then the gbp aud eur aud get of the back end inporting of the back of the aussie dollar exports importing from china or wherever because usd is the base but by no way is exchange rates governed by the fed as usa doesnât export anything
fed rates effect stocks only on taxes and inflation of what someone might by a stock were talking about forex not effected by the fed , forex is exchange rates and is effected by companies that export and about 20 percent import . n anyway going off the fed your going off top pyramid anyway , wrong wrong wrong
Despite the bullish move today EUR/USD still couldnât break above 1.1180. It looks very undecided now and it will likely remain that way until the fundamentals tomorrow.
Iâm waiting for break out of 1.12 psychological resistance level to confirm further gains.
Ahead of the US data on Wednesday the euro started to move higher and nearing 1.12 level. The pair coudnât break the key level at 1.1226, but should the momentum continue, the resistance could be overcome soon. Support is now located at 1.1069, 1.0998.
Yesterday EURUSD rose with a wide range and close near the high of the day, in addition managed to close above the previous day high, which suggests a strong bullish momentum.
The pair is trading below the 50-day moving average that are acting as dynamic resistance however it closed above the 10-day moving average and still trading above the 200-day moving average both are acting as a dynamic support.
The key levels to watch are: The 50-day moving average at 13.08 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1160 (support), a daily support at 1.1097 and the 200-day moving average at 1.1070 (Support).
The euro rose against the dollar on Wednesday. The single currency met the expectations and gained ground against the dollar. The breakthrough on the key level at 1.1226 was postponed, but if the momentum continues, the resistance will be overcome soon. Wednesday session was open to a rate of 1.1131, and the finale was put 56 pips higher. The trend was bullish, the peak of the day was at 1.1193.
The fundamentals today caused a whipsaw again but afterwards the pair continued moving to the downside. Itâs currently testing 1.1150 again and it will likely break below it. If it does, next target is 1.1100.