The euro/dollar rose yesterday, peaking at 1.0949. Signals are for upwards in the near future for testing of 1.1000 - 1.1050. Immediate support is seen at 1.0900, whose breakthrough can take the price to a trading neutral zone at 1.0850. The price is in a misleading phase now. The gap as a result of a fundamental events is sometimes filled, which means we can still see the pre-gap level of 1.0730 this week.
Any convincing move below 1.0850 should support this scenario. On the other hand, a clear break and daily closing over 1.1000 - 1.1050 could become an early sign of a new upward trend, which means we will not see 1.0730 in the next few weeks or months.
The euro fell against the dollar on Wednesday. Thus the pair lost some of the positions accumulated on Tuesday, but short-term indicators continue to be on the side of the single currency. Trading started at a price of 1.0925, with bulls dominating at first, resulting the retest of the currency again of a resistance at 1.0953 after a peak of 1.0950. However, a breakthrough was not reached and the euro soon fell. The finish was set at 1.0903.
EUR/USD
Key levels to watch for:
Support: 1.0819; 1.0757;
Resistance: 1.0953; 1.1039;
On yesterday session, the EURUSD went back and forward without any clear direction again but closed near the low of the day, in addition the currency pair closed within Wednesdays range, which suggests being slightly on the bearish side of neutral.
The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), a daily support at 1.0900, and the 10-day moving average at 1.0799 (support) and the 200-day moving average at 1.0777 (support).
The EUR/USD sideways consolidation continues for now and the pair bounced off from 1.0950 once again, forming a shooting star candlestick on the four-hour time-frame right below that level. Whether there will be a move to the downside depends on whether the pair will break out below 1.0850 - 1.0820.
The EUR/USD pair continued to trade to the downside this week as price reached close to 1.0850 and closed the weekly candle at 1.0896. Interesting week coming ahead!
EUR/USD closed the week at 1.0896 with having marked fresh high at 1.0950. Tehcnically the short term remains neutral with indicators at around mid-lines and the price hovering around the 20-day SMA.
On the last Friday’s session the EURUSD initially rose with a wide range but found enough selling pressure near year high to give back most of its initial gains but managed to close in the green, in the middle of the daily range, in addition the currency pair closed within Thursday’s range, which suggests a being clearly neutral, neither side is showing control.
The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), a daily support at 1.0900, and the 10-day moving average at 1.0841 (support) and the 200-day moving average at 1.0773 (support).
The EUR/USD pair remains in short term uptrend, despite the recent consolidation mode from the last six sessions of 1.0820 and 1.0950. Key resistance is seen at 1.0930 – 1.0950 area and in case bulls succeed to conquer it, next target is the psychological barrier at 1.1000. Looking to downwards, major support stands at 1.0855 and next one is located at 1.0820.
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition the currency pair managed to close within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), a daily support at 1.0900, and the 10-day moving average at 1.0860 (support) and the 200-day moving average at 1.0771 (support).
It was yet another quite day for the EUR/USD pair, with price hovering around 1.0900. In the short term the pair remains caught within the well know range.
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition the currency pair managed to close above Monday’s high, which suggests a strong bullish momentum.
The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), a daily support at 1.0900, and the 10-day moving average at 1.0881 (support) and the 200-day moving average at 1.0769 (support).
EUR/USD has been forming a tight sideways consolidation since the first round of the French presidential elections, but the fundamentals this week will probably end that, starting with the FOMC statement today.
The last Fed’s meeting occured to be quite bored, rates remain unchanged with no clues for further move. The EUR/USD pair closed the day slightly below 1.0900 with neutral short term outlook.
On yesterday session, the EURUSD dived with a wide range and closed near the low of the day, in addition closed below Tuesday’s low, which suggests a strong bearish momentum.
The currency pair closed shy below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), a daily support at 1.0900, and the 10-day moving average at 1.0897 (resistance), a daily support at 1.0819 and the 200-day moving average at 1.0767 (support).
EUR/USD is testing the resistance at 1.0950 again, but it is unlikely for it to break out above that level before the fundamentals tomorrow. A possible breakout could, potentially, lead to a further move to the upside towards 1.1000.
The EUR/USD pair posted fresh weekly high at 1.0940 today, boosted by the good numbers on the euro zone macro data. But ot extend gains, bulls will have to conquer teh 1.0950 level.
EUR/USD jumped to a six month high at 1.0987 last nigh and currently the price is hovering around 1.0975. Bulls are facing now immediate resistance at the 1.1000 psychological level.
On yesterday session, the EURUSD rallied with a wide range, breaking above the consolidation zone and closed near the high of the day, in addition the currency pair managed to close above Wednesdays high, which suggests a strong bearish momentum.
The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), a daily support at 1.0900, and the 10-day moving average at 1.0905 (support), a daily support at 1.0819 and the 200-day moving average at 1.0766 (support).