Eur/Usd opens the week with a bearish gap and hit a new low around 1.1360, correction movement may continue before further decline giving the fact with limited economic data on Monday.
On the last Friday’s session, the EURUSD fell with a wide range and close near the low of the day, in addition, managed to close below Thursday’s range, which suggests a strong bearish momentum.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1518 (resistance), daily resistance at 1.1459, pennant projected target 1.1280 (support) and other daily support at 1.1236.
The pair is currently retracing and it may rally back towards 1.1500.
On yesterday session, the EURUSD went back and forward without any clear direction and 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 below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1500 (resistance), daily resistance at 1.1459, pennant projected target 1.1280 (support) and other daily support at 1.1236.
The pair continues moving to the downside, next target is probably at 1.1300.
On yesterday session, the EURUSD initially rose but found enough resistance near 1.1432 to trim all of its gains and closed near the low of the day, in addition, managed to close below Mondays’ low, which suggests a strong bearish momentum.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1473 (resistance), daily resistance at 1.1459, pennant projected target 1.1280 (support) and other daily support at 1.1236.
EUR/USD did reach 1.1300 and bounced off from that level but once the retracement ends it will likely continue falling.
On yesterday session, the EURUSD initial fell but found enough buying pressure to reverse and closed near the high of the day, however, managed to close within Tuesdays’ range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1473 (resistance), daily resistance at 1.1459, pennant projected target 1.1280 (support) and other daily support at 1.1236.
Eur/Usd continues its consolidation phrase just below 1.140 resistance mark. The pair faces new selling pressure over Turkey news, 1.140 act as an important resistance level.
On yesterday session, the EURUSD initially rallied but found enough selling pressure near Wednesday open to trim some of its gains and closed in the middle of the daily range, in addition, managed to close above Wednesday’s high, which suggests a bullish momentum.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, daily resistance at 1.1459, the 10-day moving average at 1.1440 (resistance), pennant projected target 1.1280 (support) and other daily support at 1.1236.
EUR/USD is hovering around 1.14 but yet unable to surpass it. To bring back the bullish sentiment the pair need to fight 1.1420 and then 1.1455.
On the upside, 1.150 act as a critical resistance level, but still long way off. The upward trend might continue in the short term.
EUR/USD closed lower for a second consecutive day Friday, as the extreme overbought conditions together with some positive risk-related headers brought the chance for profits. The pair closed at 1.1437, slightly up on weekly basis, but reversing a three-week losing streak and after bottoming at 1.1300. Technically the pair is in corrective mode and yet far from bullish stance.
EURUSD trading at its double top area and faces some resistance at 1.15366. we can see lot of momentum in this pain but if it sustain above the 1.15366 level then only we can see more upside in the US hours. If It breaches that level with volume then we can see 1.15570 and 1.15810 otherwise we can expect a sharp fall till 1.154930
Euro seems to continue benefiting from Dollar’s weakness, the resistance level can be found at 1.1640 and follow by 1.669, 1.700.
After a minor pulled back, the pair continues its bullish trend, I set my target at 1.170 and 1.1750.
Eur/Usd bulls seem limited to around 1.1730 level, but maybe it is too soon for downward correction movements. Immediate resistance is at 1.1745/50 zone.
On the last Friday’s session, the EURUSD fell with a wide range and close near the low of the day, in addition, managed to close below Thursday’s range, which suggests a strong bearish momentum.
The currency pair closed below the 10 and the 50-day moving averages, both should provide a dynamic resistance, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: Daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1634 (resistance), the 50-day moving average at 1.1605 (resistance), a daily support at 1.1555, other daily support at 1.1459.
On yesterday session, the EURUSD rallied with a narrow range 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 closed above the 50-day moving average, that should provide a dynamic support, nonetheless, it continues to trade below the 10 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1636 (resistance), the 50-day moving average at 1.1602 (support), a daily support at 1.1555, other daily support at 1.1459.
On yesterday session, the EURUSD initially fell but found enough support near 1.1555 to trim some of its losses and closed in the middle of the daily range, in addition, managed to close below Mondays’ low, which suggests a bearish momentum.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1632 (resistance), the 50-day moving average at 1.1598 (resistance), a daily support at 1.1555, other daily support at 1.1459.