The EURUSD breaks above the 1.1600 level and it may try to reach the 200 day EMA at the 1.1800 level. For now, its closest support is the 1.1500 level.
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EUR/USD: A correction to 1.1600 is on the agenda. Then: 1.1650. At least.
I’ll be looking to sell at 1.1790, it looks like a good opportunity with a tight stop.
The EUR/USD accelerates its bullish momentum above its 55 day EMA, which is around the 1.1600 level. If the pair continues rallying, then the 200 day EMA (blue line) at the 1.1800 zone could act as resistance. A bearish pullback could take the price to the 1.1600 zone which could act as support. Below the 1.1600 level, any round number level to the 1.1300 zone could act as support. A breakout above the 1.1800 level could signal a trend reversal and below the 1.1300 level could indicate a continuation of its bearish trend.
EUR/USD: 1.1720 is a good resistance. The possibility for some downside correction is good. I’ll wait to see.
Pretty much nothing interesting happened to the pair this week.
The week has ended negative for the EUR.
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It’s time for correction, I believe.
If EUR/USD manages to stay above 1.1600, then the bullish trend will resume.
Agree. I am waiting the pair to go above 1.1620 to open a long position.
The Euro is holding up today, probably we’ll see more to the upside this week.
The EURUSD stays consolidated around the 1.1600 with some volatility, but no clear direction. The 1.1700 level may still act as a resistance, while the 1.1500 level may act as support.
I’ve closed the position with a small profit, as the growth seems limited.
Let’s see what NFP brings us today. Forecasts are very mixed, surprises are not excluded.
The Dollar is showing signs of weakness as the Euro is going higher today. I think we can reach 1.1720 next week.
I am in a long position from 632.9, however down 30 pips this month at the moment. Only the news can really shift this thing now, well i hope so anyway.
The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1553, losing 0.59%. I believe that support is now at 1.1528, Tuesday’s low, and resistance is likely at 1.1660, Thursday’s high.
Upbeat NFP pushed EUR/USD down. If the pair pierce 1.1535, we should expect August lows - 1.1400, followed by 1.1300.
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