The euro is down against the US Dollar on Friday. EUR/USD is trading at 1.1102, shedding 0.17%. I believe that the support is now located at the level of 1.0968, Monday’s low, and resistance is likely at the level of 1.1155 - maximum of Thursday.
With no major fundamentals coming out today consolidation will likely continue. However, there is also a hanging man candlestick that formed yesterday on the daily time-frame, so next week we might see another move to the downside.
The euro rose against the dollar on Friday. By the close of trading EUR/USD was trading at 1.1138, gaining 0.30%.
Key levels to watch for Monday:
Support: 1,0968;
Resistance: 1,1169.
The uncertainty in Economics and political backdrop as result from Brexit is still likely to the one and only market trigger in the coming week. Eur/Usd seems stuck around 1.11 level and psychological resistance level is still at 1.1200.
The euro recorded a slight increase against the dollar on Friday. The session started at 1.1106, the price rebounded from the first support at 1.1100 and closed at 1.1134. If the price continues to rise the pair will head to the resistance located at 1.1286.
On the last Friday’s session the EURUSD went back and forward with a narrow range but closed in the green although in the middle of the daily range and managed to close within the previous Thursday’s range, which suggests being clearly neutral, neither side is showing control.
The pair continues to close above the 200-day moving average that is acting as a dynamic support but continues trading below the 10 and 50-day moving averages that are acting as dynamic resistances.
The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1162 (resistance), a daily support at 1.1097, the 200-day moving average at 1.1086 (support) and Fridays low at 1.0912 (support).
EUR/USD is still forming a flag after the big drop caused by Brexit. Next target is likely 1.1180, but let’s not forget that the NFP will be announced at the end of the week so we can probably expect more volatility to come.
US holiday, low volume day, the pair seems remain in the last Friday range and upside limited below 1.116 zone.
The EURUSD has a good bullish pullback on the daily chart, from this point the pair is vulnerable to another drop.
The single currency marked a modest rise against the US dollar on Monday. The pair opened at 1.1129 and closed just 24 pips higher. The intradau high was reached at 1.1159. On the upward the first resistance is located at 1.1286. Key support remains 1.1100.
Yesterday EURUSD initially fell but found enough support at 1.097 to turn around, closing near the high of the day, in addition managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.
The pair managed to close above the 10-day moving average and continues to trade above the 200-day moving average that is acting as a dynamic support but continues trading below the 50-day moving average is acting as dynamic resistance.
The key levels to watch are: A daily resistance at 1.1237, the 50-day moving average at 1.1235 (resistance), the 10-day moving average at 1.1105 (support), a daily support at 1.1097, the 200-day moving average at 1.1092 (support) and Fridays low at 1.0912 (support).
EUR/USD reached 1.1180 as I thought it would but it also bounced off of it immediately and now the pair is back in the zone between 1.1130 - 1.1150, forming a tight range, as it has done since Friday.
The single currency marked a sharp drop against the dollar on Tuesday. The pair opened at 1.1152 and the euro lost 77 pips. After a volatile session, the price managed to break through the first support at 1.1100. If the movement to the downward continue, we can expect a breakthrough of the support at 1.0980.
Yesterday EURUSD tried to rally but found enough selling pressure to reverse, closing near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.
The pair managed to close below the 10 and the 200-day moving averages and now is trading below all 3 moving averages the 10, 50 and 200 that should act as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1235 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1096 (resistance), the 200-day moving average at 1.1092 (resistance) and Fridays low at 1.0912 (support).
EUR/USD dropped to 1.1035, but today it also formed a spinning top candlestick above the support at that level on the four-hour time-frame, so I think we can likely expect a new move to the upside.
Eur/Usd remains just above 1.1100 level after the FOMC minutes, let’s see if 1.1100 holds, next target would be around 1.1160/70 zone.
The EURUSD may continue dropping below the 1.1100 level, its first support on the way down may be the 1.1000 level followed by the 1.0900 level.
EUR/USD recorded a modest increase Wednesday. After a volatile session, the euro added 25 pips to a closing price of 1.1099. The intraday high was marked at 1.1111 and the daily low at 1.1031. Currently bulls are targeting the resistance located at 1.1100.
Yesterday EURUSD initially fell but found enough buying pressure to reverse, closing near the high of the day, in addition managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.
The pair is trading below all 3 moving averages the 10, 50 and 200 that should act as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1228 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1095 (resistance), the 200-day moving average at 1.1093 (resistance) and Fridays low at 1.0912 (support).