You’re a long way from home son. Best you get on the No. 35 bus out of here!
Following the moderate momentum from yestreday, the EUR/USD pair marked a daily high at 1.0626 earlier today. The pair failed to hold on that line and moved lower to currently trade at 1.0565. Immediate support is located at 1.0550 and should the pair cross it, 1.0500-1.0450 will be the area, where the pair will settle in the near term.
Hmmm… robots… wonder have they got AI…
If a learner had the time it would be interesting to see whether these guys ever get the vague stuff right, so on the latest one, let’s say “near term” is this week ahead.
So support is 1.0550 (Jan 9 high), so demo buy set.
Damn… just spotted he’s def going to right, I see a second support ‘area’, so must mean a sell from current level of 1.0577 down to… or is it a buy at 1.0450…
The robot guys are smart.
Hahaha great, Peterma, great…
You have to wonder…
The single currency marked a modest decline against the US dollar on Tuesday. The euro lost only 19 pips to close at 1.0553. The price continue to move over the moving averages, while RSI remain at neutral territory. If the bearish trend continues, we may expect testing the first support at 1.0550.
On yesterday session, the EURUSD initially rose but found again enough resistance at 1.0622 to reverse and closed near the low of the day, however closed within Mondays range, which suggests being slightly on the bearish side of neutral.
The currency pair continues to trade above the 10-day moving average should act as a dynamic support and managed to close below the 50-day moving average that should act now as a dynamic resistance but remains trading below the 200-day moving average that also should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0819, a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0572 (resistance), the 10-day moving average at 1.0517 (support) and a daily support at 1.0462.
On yesterday session, the EURUSD initially plunged but found enough buying pressure at 1.0462 to trim all its losses and managed to close near the high of the day, however closed within Tuesdays range, which suggests being slightly on the bullish side of neutral.
The currency pair continues to trade above the 10-day moving average should act as a dynamic support and managed to close back above the 50-day moving average that should act now as a dynamic support but remains trading below the 200-day moving average that also should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0819, a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0566 (support), the 10-day moving average at 1.0526 (support) and a daily support at 1.0462.
The US Presidential Elect Donald Trump’s press conference set the US dollar under pressure and trigggered sell-off. The EUR/USD pair is pushing higher and is aiming 1.07 level with technical indicators supporting the bullish tone.
On yesterday session, the EURUSD initially rallied but found enough selling pressure to give back to the market most of its gains and managed to close in the middle of the daily range, however closed within Wednesdays range, which suggests being clearly neutral, neither side is showing control.
The currency pair continues to trade above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0819, a key level at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0562 (support), the 10-day moving average at 1.0536 (support) and a daily support at 1.0462.
The single currency marked a modest increase against the US dollar on Thursday. The price continues to move above the moving averages, while RSI remains on neutral territory. If the EUR/USD pair continue to push higher, the next target is the resistance located at 1.0815.
The mixed US data released today supported the US dollar for shortly. Anyway the EUR/USD pair is on track to close its fourth consecutive week with gains. While the pair is staying above 1.0600, the bias remains bullish.
The euro rose against the dollar on Friday. By the close of US trading EUR/USD was trading at 1.0644, gaining 0.30%. I believe that the support is now located at the level of 1.0452, Wednesday’s low and resistance is likely at the level of 1.0687 - the maximum of Thursday.
At the end of the trading week, the dollar remains under pressure, continuing to digest vague news conference of elected US President D. Trump. The absence of new information about the future economic policy of the new administration makes players doubt that this year the conditions for the three Fed rate increases.
Yeah, so far Trump brings a lot of volatility and pressure for the dollar.
It’s possible, that Trump’s administration will aim to weaker dollar, in favour to US exporters.
Key levels to watch for:
Support: 1.0550; 1.0370;
Resistance: 1.0815; 1.0980.
On the last Friday’s session the EURUSD rose with a narrow range and closed in the middle of the daily range, in addition managed the currency pair managed to close within Thursday’s range, which suggests being clearly neutral neither side is showing control.
The currency pair is trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0819, a key level at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0560 (support), the 10-day moving average at 1.0554 (support) and a daily support at 1.0462
During the European session the EUR/USD pair fell to 1.0578, mostly due to hard Brexit fears. Later on the pair returned back above 1.06 mark, as the single currency was well supported by Euro Zone’s trade figures.
For the Asian, Euro and US Sessions the EURUSD went… nowhere. Fund managers still on holiday…
Almost a flag setup with a possible break up…
During the early Asian session the EUR/USD escaped from the consolidative mode and rallied higher. The pair marked a daily at high at 1.0650 and the current market price is 1.0645. Today are expected German ZEW numbers, UK PM’s Brexit speech and US manufacturing index, which will bring significant impact on the pair.