On the last Friday’s session the EURUSD rose with a wide range and closed near the high of the day, also managed to close above Thursday’s high, which suggests a strong bullish momentum.
The pair still closed below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0618 (resistance) and the all-time low at 1.0462.
EUR/USD bounced off 1.0685 after forming a pair of shooting star candlesticks on the four-hour time-frame. It’s currently testing the support at 1.0580 and if it breaks out below that level it will likely reach the next support at 1.0520 - 1.0510.
It’s an importnat week for the US dollar with the NFP data upcoming on Friday, along with the preliminary estimates on Q3 GDP and the ADP numbers on Wednesday. Meanwhile Europe offers a major event with risk behaviour on markets – the Italian referendum. The coincidence and the combnations of these fundaments implies strong influence on the pair.
The single currency marked slight increase against the US dollar on Monday. The EUR/USD pair reached a daily high at 1.0685 and low at 1.0563. The pair remains at risk of further decline and the next target appears to be the levels at 1.0550.
Yesterday the EURUSD tried to rally but found enough resistance at 1.0666 Fibonacci extension to reverse although closed slightly in the green, in the middle of the daily range, creating a doji pattern. In addition the pair closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair closed above the 10-day moving average that should act as a dynamic support but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0597 (support) and the all-time low at 1.0462.
EUR/USD is back to testing the support at 1.0580 - 1.0560. The pair is very undecided at the moment, we’ll likely have to wait for the fundamentals this week to give it a direction.
The single currency marked an increase against the US dollar on Tuesday. The session started at 1.0612 and closed 36 pips higher. In the short-term the outlook remains neutral. A break of the range to the downside and a test of 1.0550 is more likely scenario, given the long-term downtrend. Support is seen at 1.0550 and resistance is located at 1.0815, 1.0980 and 1.1160.
Based on Fibonacci retracement tool. Im long in eurusd from 1.0634 and my SL is at 50% of retracement, and TP is at 0.0% FR level.
take a look at the chart attached and please tell me whether its a right decision to hold or should I close.
Yesterday the EURUSD initially fell but found enough buying pressure at 1.0563 Monday low to trim all its loses and closed near the high of the day, although the pair closed within Monday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair continues to trade above the 10-day moving average is acting as a dynamic support but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0599 (support) and the all-time low at 1.0462.
Euro / dollar attempted to push lower yesterday, bottomed at 1.0564 but closed higher at 1.0648 and hit 1.0660 earlier today. Trade signals are neutrals in the near future, perhaps with slight bullish signal to test 1.0700. A clear break and daily close above this level may lead to further upward pressure to test 1.0800 / 50. The nearest support is around 1.0620. A clear break below it can cause pressure down to test 1.0565. The fundamental outlook remains neutral.
EUR/USD has been caught in a very tight range between 1.0620 and 1.0660 for the past twenty four-hours and it may continue until the US Change in the Non-Farm Payrolls is announced on Friday.
The euro was down against the US Dollar on Wednesday. By the close of US trading EUR / USD was trading at 1.0589, shedding 0.57%. I believe that the support is now located at the level of 1.0535, Friday’s low, and resistance is likely at the level of 1.0686 - Monday’s high.
Yesterday the EURUSD initially rose but found enough resistance at 1.0666 Fibonacci extension to reverse and closed near in the middle of the daily range, in addition the pair managed to close within yesterday range, which suggests being clearly neutral, neither side is showing control.
The currency pair closed shy below the 10-day moving average but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily support at 1.0622, the 10-day moving average at 1.060 (support) and the all-time low at 1.0462.
Although EUR/USD formed a doji candlestick under the resistance at 1.0640 on the four-hour time-frame the pair remains very flat. I doubt there will be any changes before the fundamentals tomorrow.
The EUR/USD pair advaced slightly this week, still remains limited by the 1.0600 level. The macro data release on both sides the Atlantic couldn’t give enough strenght to set clear direction. The pair is currently consolidating and yet is capped by the 1.0700 level.
Yesterday the EURUSD rose with a narrow range and closed near the high of the day, although the pair managed to close within yesterday range, which suggests being on the bullish side of neutral.
The currency pair closed back above the 10-day moving average but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0607 (support) and the all-time low at 1.0462.
The EUR/USD pair was seen higher at 1.0680, below the weekly high pinned at 1.0689, but quickly retreated and closed the week around 60 pips higher. In the upcoming days the focus will be set on the Italian referendum that was held today and the ECB’s meeting next Thursday.
The EUR/USD pair slupmed sharply after the negative Intalian vote. The pair tested the 1.05, a level that has not been visited since March 2015. RSI is placed at negative territory, the stochastic is showing strong bearish momentum. Current market price is 1.0573. Resistance is seen at 1.0605 while support is located at 1.0507.
