EUR/USD was trading in narrow range during today session. In the afternoon the upbeat US data pushed down the pair from the ntraday high, marked at $1.1355 to currently trade at $1.1305.
On Tuesday the euro recorded another consecutive volatile session against the US dollar, but finally ended in favor of the US currency. If expectations for further depreciation of the euro justify the pair will test the support at $1.1239.
Yesterday the EURUSD initially rose but found enough resistance at the Fibonacci retracement to turn around and closed near the low of the day, although closed within the previous day range, which suggests being slightly on the bearish side of neutral. However the shooting star pattern made yesterday suggests a bearish move today.
The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1269 (support), a daily support at 1.1237, and the 200-day moving average at 1.1158 (support).
The move to the downside continues, next target is likely around 1.1230 - 1.1200. The question is whether the pair will continue dropping after the fundamentals on Friday.
THis pair is hysterical,
more than a year and a half in congestion… and yet it is the most ‘popular’ pair…
I must assume that it great for range-play or scalping, because there is certainly
no directional bias to be had in purely trending terms (over the medium term).
Am I missing something?
Well, this pairs is very liquid and many traders are not looking for a 1000 pips in a single trade. You PipMeHappy assume very well , that traders are using this pair for scalping and range trading .
EUR/USD is moving notably lower, marking fresh new low at $1.1245.
Cool cool
It is just that rarely do we see members on this thread posting actual trading targets or results, so it all seems a bit pointless…
Yesterday the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.
The pair closed below the 10-day moving average that should act now as a dynamic resistance. The currency pair continues to trade well above the 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1279 (resistance), a daily support at 1.1237, and the 200-day moving average at 1.1160 (support).
The euro was down against the US Dollar on Wednesday. By the end of the trading session EUR/USD was traded at 1.1264, shedding 0.37%. I believe that the support is now located at the level of 1.1245, the low of yesterday’s trading, and resistance is likely to be at 1.1363 - Friday’s high.
The single currency marked second consecutive decline against the US dollar on Wednesday. The pair tested the support at 1.1239 and if bearish sentiment continue, it will be broken. The session started at 1.1304 and the euro lost 42 pips. Next support is located at 1.1197. Resistance is seen at 1.1382 and 1.1427.
Key levels to watch for:
Support: 1.1239; 1.1197;
Resistance: 1.1382; 1.1427.
The single currency marked second consecutive decline against the US dollar on Wednesday. The pair tested the support at 1.1239 and if bearish sentiment continue, it will be broken. The session started at 1.1304 and the euro lost 42 pips. Next support is located at 1.1197. Resistance is seen at 1.1382 and 1.1427.
Yesterday the EURUSD rose with a narrow range and closed 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 the 10-day moving average that is acting as a dynamic resistance and is trading well above the 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1291 (resistance), a daily support at 1.1237, and the 200-day moving average at 1.1163 (support).
On Thursday session the euro broke the negative momentum from the last two sessions and recovered some of its losses against the US dollar. If the upward direction continue,the resistance at 1.1382 will be broken soon. Support is seen at 1.1239 and 1.1197.
The euro rose against the dollar on Friday. By the end of the trading session EUR/USD was traded at 1.1294, gaining 0.11%.
I believe that the support is now located at the level of 1.1242, Wednesday’s low and resistance is likely to be at the level of 1.1357 - a maximum of Tuesday.
There’s a shooting star candlestick below the resistance at 1.1300, EUR/USD will likely start moving to the downside towards the support at 1.1240 again.
Looking at the hourly at the moment there has just been constant little candlesticks in a bullish move but which at the moment doesn’t give me confidence to buy as a bullish move… fundamentally and technically this pair may become a bit of a bearish move soon… Keep a close eye and watch for those signals!
A small gap has almost recovered, but the risk remains on the downside, immediate support level can be found at 1.1160/70 zone.
EUR/USD dropped significantly after Janet Yellen’s speech on Friday and the move to the downside will likely continue. A breakout below 1.1175 will probably lead to a further drop towards 1.1050.