The euro advanced insignificantly against the dollar on Monday. The single currency justified the positive expectations, although the pair failed to break the key level. If the bullish moods continue in the future, the resistance at 1.1758 will be overcome. The session started at a price of 1.1689 and the euro gained 21 pips to the final. The peak of the day was 1.1725.
EUR / USD
Key levels to watch for:
Support: 1.1595; 1.1525;
Resistance: 1.1758; 1.1789;
Euro / dollar made a moderate upward movement yesterday, sliding over 1.1695 and hitting 1.1725. The technical objective of the H & S figure has been reached, so the upward pressure should not be a surprise. Intraday support is 1.1695. A clear break back below it could take the price to a neutral trading area with testing the support of 1.1650. It should be clearly broken down to reactivate my bearish model with targets around 1.1600.
Currently trading sideways, bullish over 1.18.
The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD is trading at 1.1721, gaining 0.67%. I believe that support is now at 1.1574, Thursday’s low, and resistance is likely to come in at 1.1746, Tuesday’s high.
A lot of indecision on the EURUSD between the 55 day EMA and the 1,1600 level with high volatility. The pair is still waiting for something fundamentally important to take a clear direction.
Pretty much a boring week for the pair. Consolidated around 1.1640.
Slightly higher about an hour after the opening of the US session.
The EURUSD completes three consecutive bearish sessions and it is trying to break below the 1.1600 level. The zone may still act as support and the price may try to bounce back to the 55 day EMA, but the bearish momentum is in place and the EURUSD may continue dropping.
The Euro depreciated today against all its peers. I’d look to buy probably around 1.1520.
The US dollar seems to be pushing the pair down.
Euro / dollar continued its inertia down yesterday, after failing to break the resistance 1.1430, reaching the bottom at 1.1330 and hitting 1.1317 during the Asian session. Expectations are down for testing at 1.1280 / 50 so far. The first resistance is seen at 1.1365. A clear break above this level could take the price to a neutral zone with testing at 1.1430. But I basically prefer the bearish scenario and any upward pressure could be seen as a good opportunity for short positions.
Hello guys! I would like to share with you the projection I made for 20-25 of August. Here is the link: There Is Room For More
Bullish for now. Next target: 1.1470.
Below 1.13 it will most likely reach a double bottom from June 2017 at 1.1115.
The EURUSD corrects to the upside, but the bearish trend is still in place, the price may try to go back to the 1.1300 level, but for now the 1.1500 may act as support.
Hello! Have a look at the newest chart I made: It Is Magical, 1.1720
The pair is nearing important resistance - 1,1600, so I’m going out of the market.
Very nice pullback on the EURUSD to the 55 day EMA and 1.1600 level from where it may bounce to the downside. The 1.1500 level may act as support and above the 1.1600 level, the 200 day EMA at the 1.1800 level may act as resistance.
Hello! A top was made at 1.1620, hopefully the price will move to 1.1540 or lower where we can open longs. Here is link to my chart: In The Channel
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