EUR/USD marked highest level for the last three years. Expecting contunuation of the bullish run.
Exciting week ahead, the move on Friday was massive.
Eur/Usd would have a chance to consolidate during US’s holiday on Monday while bulls remain strong. There is still room on the upside despite the pair being in overbought territory short-term. My next target is at 1.2220.
On the last Friday’s session the EURUSD sky-rocket with an extreme wide range and closed near the high of the 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: a daily resistance at 1.2432, other daily resistance at 1.2287, a daily support at 1.2126 (resistance), the 10-day moving average at 1.2066 (support) and a daily support at 1.2041 (support).
EUR/USD is very bullish - it broke out above 1.2200 and continued moving to the upside. Next target is likely around 1.2300.
On yesterday session, the EURUSD rallied again but this time with a narrow range and closed near the high of the day, in addition managed to close above Friday’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: a daily resistance at 1.2432, other daily resistance at 1.2287, a daily support at 1.2126 (resistance), the 10-day moving average at 1.2085 (support) and a daily support at 1.2041 (support).
EUR/USD reached 1.2300 and bounced off from it, retracing back to 1.2195. The pair is still bullish, so the question is whether or when there will be a breakout above 1.2300.
On yesterday session, the EURUSD initially fell but found enough buying pressure near Monday’s session to reverse and managed to close near the high of the day, although closed within Mondays’ range, which suggests being slightly on the bullish 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: a daily resistance at 1.2432, other daily resistance at 1.2287, a daily support at 1.2126 (resistance), the 10-day moving average at 1.2106 (support) and a daily support at 1.2041 (support).
The pair’s sideways consolidation continues for now, there will likely be another move to the upside towards 1.2300.
On yesterday session, the EURUSD initially rallied with a wide range but found enough selling pressure near 1.2320 to erase most of its gains and closed near the low of the day, in addition managed to close below Tuesdays’ 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: a daily resistance at 1.2432, other daily resistance at 1.2287, the 10-day moving average at 1.2120 (support), a daily support at 1.2115 and a daily support at 1.2041 (support).
The pair is testing 1.2260, but it is unlikely to break out above it. If it bounces off from that resistance it will probably fall back to 1.2165.
On yesterday session, the EURUSD rallied with a narrow range and closed near the high of the day, although closed within Wednesday’s range, which suggests being slightly on the bullish 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: a daily resistance at 1.2432, other daily resistance at 1.2287, the 10-day moving average at 1.2152 (support), a daily support at 1.2115 and a daily support at 1.2041 (support).
EUR/USD is testing the support at 1.2230. If it breaks out below that support it will probably fall towards 1.2160 as part of the sideways consolidation.
Bullish on the Euro, looks like the USD is taken by the bears.
The pair starts the week with a bullish gap, but still trading within a close range between 1.22 to 1.23. Because US government shut down, we are looking at weaker and more vulnerable dollar.
On the last Friday’s session, the EURUSD initially tried to rally but found enough resistance at 1.2287 to trim all of its gains and closed near the low of the day, however the currency pair managed to close within Thursday’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: a daily resistance at 1.2432, other daily resistance at 1.2287, the 10-day moving average at 1.2209 (support), a daily support at 1.2115 and a daily support at 1.2041 (support).
The pair is caught in a tight sideways consolidation, there may be a move to the downside towards 1.2180 at most.
On yesterday session, the EURUSD initially fell with a narrow range but found enough support at 10-day moving average to trim most of its losses and closed near the high of the day, however closed within Friday’s range, which suggests being slightly on the bullish 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: a daily resistance at 1.2432, other daily resistance at 1.2287, the 10-day moving average at 1.2229 (support), a daily support at 1.2115 and a daily support at 1.2041 (support).
The trend seems exhausted, id expect some pullback this week.
A move to the downside is quite likely considering the shooting star candlestick and hanging man candlestick that have formed on the daily time-frame nelow 1.2300.