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.
On yesterday session, the EURUSD initially fell but found enough buying pressure near 10-day moving average to reverse and managed to close near the high of the day, in addition closed above Mondays’ 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, a daily support at 1.2287, the 10-day moving average at 1.2249 (support), a daily support at 1.2115 and a daily support at 1.2041.
EUR/USD rallied despite the the shooting star candlestick and hanging man candlestick on the daily time-frame. Next target is probably at 1.2400 or even above that level.
The euro recorded an increase against the dollar on Tuesday. However, the growth was not significant, so the pair stayed at last week’s levels, trading in a relatively narrow range. If the bullish mood persists, the resistance at 1.2395 will be tested. The session started at 1.2261 and the final was 37 pips up. Peak of the day was recorded at 1.2305.
Key levels to watch for:
Support: 1.2161; 1.2111;
Resistance: 1.2395; 1.2458;
On yesterday session, the EURUSD sky rocket with a wide range and closed near the high of the day, in addition managed to close above Tuesdays’ 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 1.2576, other daily resistance at 1.2432, a daily support at 1.2287, the 10-day moving average at 1.2278 (support), a daily support at 1.2115 and a daily support at 1.2041.
EUR/USD testing the resistance at 1.2500 after briefly breaking out above it. If it there’s another breakout the move to the upside may continue to 1.2550 - 1.2600.
On yesterday session, the EURUSD initially rallied with a wide range but found enough selling pressure at 1.2537 to reverse and closed near the low of the day, although closed within Wednesday’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 1.2576, other daily resistance at 1.2432, a daily support at 1.2287, the 10-day moving average at 1.2278 (support), a daily support at 1.2115 and a daily support at 1.2041.
Next week there may be some retracement because EUR/USD formed a shooting star candlestick below 1.2535 but the overall bullish trend is likely not over yet.
Good movement on the pair.
On the last Friday’s session, the EURUSD initially tried to rally but found enough selling pressure at 1.2493 to trim half of its gains and closed in the middle of the daily range, in addition the currency pair managed to close within Thursday’s range, which suggests being clearly neutral, neither side is showing control.
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 1.2576, other daily resistance at 1.2432, a daily support at 1.2287, the 10-day moving average at 1.2330 (support), a daily support at 1.2115 and a daily support at 1.2041.
EUR/USD is testing Wednesday’s lows and correction might continue towards 1.2320 – 1.1230 area.
EUR/USD formed another shooting star candlestick below the resistance at 1.2535 on the daily time-frame before continuing to move to the downside. The closest target is likely at 1.2300.
On yesterday session, the EURUSD initially fell with a narrow range but found enough support at 10-day moving average to trim half of its losses but closed in the middle of the daily range, in addition managed to close within Friday’s range, which suggests being clearly neutral, neither side is showing control.
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 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2345 (support), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
The pair bounced off from 1.2335 after forming a double bottom at that level. It is currently testing the resistance at 1.2450, a breakout above it could lead to a further move to the upside towards 1.2500.