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.
The EUR/USD pair is acting very shaky today. Indicators on the 4-hour chart are confirming the short term bullish trend but a slight correction is not excluded.
First support is seen at 1.1690 and next at 1.1650. Looking to the upside, resistance levels are 1.1745 and higher at 1.1790.
The single currency recorded a significant increase against the US dollar on Wednesday. The session started at 1.1646 and the price managed to break the first resistance at 1.1700. Eventually, the pair ended at 1.1732 and if the upward trend in the last few months persists, there will probably be a breakthrough in the next resistance at 1.1860.
Key levels to watch for:
Support: 1.1700; 1.1520; 1.1430;
Resistance: 1.1860.
The fundamentals yesterday pushed EUR/USD above 1.1700 once again and the pair reached a high at 1.1775, but today the pair has retraced back to 1.1650 and it could fall back to 1.1600.
EUR/USD couldn’t hold on the 1.17 handle and dropped today to 1.1650. Indicators are heading towards oversold area and are showing strong bearish momentum. First support is seen at 1.1620 and immediate resistance is located at 1.1775.
The pair is consolidating after found support at 1.1650 level, focus turn to US second quarter GDP today.
The single currency recorded a decline against the US dollar on Thursday. The currency pair opened at 1.1733 and finished 58 pips lower. The price managed to break the first support at 1.1700 and if the direction of the traffic went down, there would likely be a breakthrough in the next support at 1.1520.
Multi-year high for the Euro. I guess this turned out to be the year of the Euro after all.