Yesterday the EURUSD rallied but this time with a narrow range but closed near the high of the day, furthermore managed to close above previous day range, which suggests a strong bullish momentum.
The pair is trading above the 10-day moving average that should act as a dynamic support however the currency pair continues to trade below the 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: Fibonacci retracement at 1.1181 (resistance), the 50-day moving average at 1.1113 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.0954 (support), a daily support at 1.0900 and October low at 1.0851.
EUR/USD formed a shooting star candlestick below 1.1125 on the four-hour time-frame and started moving to the downside. Next target is at the support at 1.1040, which coincides with the (MA)89 indicator on the one-hour time-frame.
EUR/USD consolidated it gains yesterday . The euro rose moderately to 1.1105, having traded within the extreme values 1.1125 and 1.1059. The pair remains above the moving average values, while RSI is loosing strength, alluding to the fluctuation of the bulls, whose next goal is the 1.1120. Support is placed at 1.1045 and 1.0980. Resistance is seen at 1.1120 and second at 1.1190.
Yesterday the EURUSD went back and forward without any clear direction but managed to close near the high of the day, although it closed within the previous day range, which suggests being on the bullish side of neutral.
The pair is trading above the 10-day moving average that should act as a dynamic support however the currency pair continues to trade below the 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: Fibonacci retracement at 1.1181 (resistance), the 50-day moving average at 1.1110 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.0976 (support), a daily support at 1.0900 and October low at 1.0851.
Eur/Usd is slowly recovering from the gap down, this week once again is all about US election, with no clear favorite, uncertainty is likely to keep Dollar down still.
On the last Friday’s session the EURUSD initially fell but found enough support around 1.1078 to reverse and closed near the high of the day, also managed to close above Thursday’s high, which suggests a strong bullish momentum.
The pair is trading above the 10 and 50-day moving averages that should act as a dynamic supports however the currency pair continues to trade below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: the 200-day moving average at 1.1198 (resistance), a Fibonacci retracement at 1.1181 (resistance), the 50-day moving average at 1.1109 (support), a daily support at 1.1097 and the 10-day moving average at 1.1003 (support).
What do you think about today and tomorrow? There will be elections soon, but I better wouldn’t open medium-term positions. Maybe we should think about short time sales (if the pair would stay at the 1.1065 supp.level)? What do you think?
EUR/USD is testing the support at 1.1060 after bouncing off the resistance at 1.1140. If the pair breaks below that support it will likely continue falling towards the next support level at 1.1020.
The EUR/USD pair is turning bearish in the short-term, given the fact that the price broke below the support line at 1.1060. Anyway the US elections tomorrow has the last saying.
The single currency marked a modest decline against the US dollar on Monday. The session closed 22 pips lower at 1.1039. The price is currently located above the moving averages, while RSI remains at neutral territory. If the downward trend continues we may expect a breakthrough of the first support at 1.0980. Next support is placed at 1.0815, while resistance is seen at 1.1160 and next one at 1.1286.
Yesterday the EURUSD opened with a Gap down and tried to rally but found enough resistance at the 50-day moving average to reverse, closing near the low of the day, in addition the pair managed to close below Friday’s low, which suggests a strong bearish momentum.
The pair is trading above the 10 moving average that should act as a dynamic support however the currency pair trades below the 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: the 200-day moving average at 1.1196 (resistance), a Fibonacci retracement at 1.1181 (resistance), the 50-day moving average at 1.1101 (resistance), a daily support at 1.1097 and the 10-day moving average at 1.1036 (support).
EUR/USD is consolidating above the support at 1.1030 in waiting of the election results. Whatever they are, one thing is for certain - they will cause a lot of volatility.
Today the EUR/USD is feeling under great pressure and the pair fell to previous lows and was testing the 1.1010 level. Clinton’s victory might drive the pair downwards to October 25th low at 1.0850. Indicators are placed within negative territory. RSI is currently at around 36% level and stochastic is showing oversold market, both confirming the bearish trend. Anyway the elections results have the last saying and the pair’s direction is still being uncertain.
Yesterday the EURUSD fell with a narrow range and closed near the low of the day, in addition the pair managed to close below previous day low, which suggests a strong bearish momentum.
The pair closed below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: the 200-day moving average at 1.1195 (resistance), a Fibonacci retracement at 1.1181 (resistance), the 50-day moving average at 1.1097 (resistance), a daily support at 1.1097 and the 10-day moving average at 1.1047 (support).
The election results caused a massive whipsaw on the EUR/USD pair. I expected the sharp move to the upside, but not so much the quick retracement. Either way, the pair is back under 1.1100 for now.
The euro marked negative session against the US dollar on Wednesday. After a volatile session the pair lost 116 pips and closed at 1.0908. The pair broke the first resistance at 1.1160 and bounced back from the second resistance at 1.1286. Later the direction reversed and the euro broke both supports located at 1.1160 and 1.0980. If the downward trend continues, next target is seen at 1.0815.
