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 Tuesday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance 1.2041, a Key level at 1.1880 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1768 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
The single currency recorded a significant increase against the US dollar on Wednesday. The session started at 1.1737 and the price jumped from the first support at 1.1735. Eventually the currency pair ended at 1.1821 and if the price continued to rise, the pair would head to the first resistance at 1.1875.
It is testing 1.1860 - 1.1870 indeed. A breakout above that level could lead to a further move to the upside towards the next resistance which is around 1.2035.
Bullish potential keeps growing for the EUR/USD pair. Should the pair cross the 1.1860 level (mid November’s high), then the interest will lead to 1.1890.
On yesterday session, the EURUSD rallied again but this time with a narrow range and closed near the high of the day, in addition the currency pair managed to close above Wednesday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance 1.2041, a Key level at 1.1880 (resistance), a daily support at 1.1829, the 10-day moving average at 1.1789 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
Back exactly one month there was a warning re Head & Shoulders on Eur/Usd daily this thread - it was visible for all to see, therefore it was wise to sell, the pattern was “well formed” for all to see.
If you click on the weekly, and go back 4 weeks - check what did happen since that time.
On the last Friday’s session, the EURUSD rallied with a wide range and closed near the high of day, in addition the currency pair managed to close above Thursday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), a daily support at 1.1829, the 10-day moving average at 1.1796 (support).
EUR/USD found some resistance at 1.1960 and bounced off from it, but that is likely temporary. If the move to the upside continues the pair will probably rally above 1.2000.
EUR/USD maked today a fresh two-months high at 1.1960, but retreated to currently trade at 1.1900. Despite the pullback retains its bullish stance in the short term. Bearish danger could be seen only if the pair meets the immediate support at 1.1890.
On yesterday session, the EURUSD initially rallied but found enough selling pressure to rub out all of its initial gains and closed near the low of the day, however the currency pair managed to close within Friday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), the 10-day moving average at 1.1837 (support) and a daily support at 1.1829.
The euro recorded a volatile session against the dollar on Monday. Ultimately, trade ended in favor of the US currency. If the bullish moods prevail, the pair will test the resistance at 1.1979 soon. The new week started at 1.1924, and the trend was upwards at the beginning. After the peak of the day was hit at 1.1960, the direction changed and the final was set at 1.1897.
On yesterday session, the EURUSD fell with a wide range and closed near the low of the range, in addition the currency pair managed to close below Monday’s low, which suggests a strong bearish momentum.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), the 10-day moving average at 1.1837 (support) and a daily support at 1.1829.
