I agree, strong resistance around 1.1490/1.15.
Today the EUR/USD is hovering around 1.1470, but couldn’t find enought strength to conquer the important 1.1490 mark. However indicators are keeping their bullish momentum, so we may witness another test of this level during next hours.
EUR/USD finally broke out above 1.1490. The move to the upside continues and the pair will likely reach 1.1600.
EUR/USD rallied yesterday to 1.1582, highest level since May 2016, but retreated modestly before closing. The outlook remains bullish with next target seen at 1.1615.
Poor macroeconomic calendar today and low volumes. All eyes on Draghi tomorrow. Anyway the bullish tone remains in tact for the EUR/USD pair.
EUR/USD bounced off from 1.1480 today and finally broke out above 1.1600 due to the fundamentals. Next target will likely be around 1.1700.
EUR/USD almost reached 1.1700 today. The pair is unlikely to break out above that level today before the market closes, not to mention that there is a distinct shooting star candlestick on the four-hour time-frame that is a signal for a likely retracement to the downside.
The Euro strengthened a lot this week. I expect resistance at 1.1716.
EUR/USD is closing the week very remarkable, above the inportant 1.16 handle. The pair is supposed to keep its upward momentum with next big target at 1.18.
EUR/USD edged the week at highest levels since August 2015. The bias remains bullish with next big challenge at 1.80.
The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.1664, adding 0.28%. I believe that support is now at 1.1433, Monday’s low, and resistance is likely at 1.1683, the high of Friday’s trading.
Risk remains on the upside, immediate support at 1.1685, break above lead to 1.17 area.
EUR/USD found some resistance at 1.1680 and bounced off from that level, forming a pair of shooting star candlesticks, a doji and a hanging man candlestick on the four-hour time-frame. The first target to the downside is likely 1.1600.
With the start of the new week the EUR/USD is keeping its bullish bias, currenlty trading at 1.1645. Probably slight correction ahead. But with the upcoming Fed strong declines are quite unlikely.
The single currency recorded a modest decline against the US dollar on Monday. The currency pair opened at 1.1662 and ended 21 pips lower. Graphics continued to grow above the moving averages, while the relative strength index remained neutral. Given the dominating positive attitudes in the long run, it is likely that the pair will reach a new peak.
Key levels to watch for:
1.1520; 1.1430; 1.1280;
Resistance: 1.1700; 1.1860.
EUR/USD skyrocketed today and is flirting with 1.17 handle. The upbeat mood remains actual in the short term. In case og breaking 1.1713 further gains are expected.
EUR/USD finally broke out above 1.1700 but it bounced off from 1.1713 and is currently trading around 1.1650 again. The overall bullish trend could be getting exhausted.
EUR/USD continues consolidating sideways around 1.1650, but yesterday’s attempt to break out above 1.1700 led to the formation of a shooting star candlestick on the daily time-frame at that level, which is another signal for a move to the downside.
The single currency recorded a neutral session against the US dollar on Tuesday. The currency pair opened at 1.1640 and the price bounced from the first resistance at 1.1700. Eventually the pair ended at 1.1646 and if the direction of the move continues upward we can expect a new attempt to break the first resistance at 1.1700.