EUR/USD just broke below the previous low at 1.0366. It will likely continue falling towards 1.0300 and it appears that parity has become the long-term target.
During yesterday’s trading the euro lost value against the dollar for a second day. The single currency depreciated by 15 pips to a closing price of 1.0386, marking a new near 14-year low at 1.0351. The sentiment remains bearish. Support is now located at 1.0365 and lower at 1.0320. Resistance is seen at 1.0520 and 1.0665.
Yesterday, the EURUSD initially tried fell but found enough support at 1.0366 to trim most of its losses and closed in the middle of the daily range, although the currency pair managed to close below previous day low, which suggests being a bearish momentum.
The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0500 (resistance), a daily resistance at 1.0462 and the new multiyear low at 1.0352(support).
EUR/USD bounced off 1.0350 and moved to the upside again. It’s currently testing the resistance at 1.0420 and a breakout above that resistance will probably lead to a further move to the upside towards 1.0460 - 1.0470. There likely won’t be any major changes around the holidays.
The single currency broke the two-day downward slope on Wednesday amid the relatively positive data on consumer confidence in the eurozone. The euro gained 38 pips to a closing price of 1.0423. The EUR/USD remains below the moving averages, but RSI recovered and 1.0365 remained of great importance acting as key support, which now gives more confidence to the bulls.
Yesterday, the EURUSD rose with a wide range but closed in the middle of the daily range, although the currency pair managed to close above the previous day high, which suggests a bullish momentum.
The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0487 (resistance), a daily resistance at 1.0462 and the new multi-year low at 1.0352(support).
EUR/USD broke above the resistance at 1.0470. Next target is likely the next visible resistance at 1.0530, which coincides with the (MA)89 indicator on the four-hour time-frame.
The euro rose against the dollar on Thursday. By the end of the US trading EUR/USD was trading at 1.0436, gaining 0.09%. I believe that the support is now located at the level of 1.0350, Tuesday’s low, and resistance is likely at the level of 1.0499 - the maximum of today’s trading.
The single currency was trading slightly elevated against the US dollar during yesterday’s session and recovered some losses from earlier in the week. Although the increase was limited at 1.0498, the euro managed to add 13 pips to 1.0435. The 50-day MA acted as resistance and RSI failed to move in positive territory. Long-term attitudes remain negative targeting the support at 1.0365.
Yesterday, the EURUSD tried to rally but found enough resistance at the 10 day moving average to reverse and closed near the low of the day, in addition the currency pair managed to close within the previous day range, which suggests being slightly on the bearish side of neutral.
The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0476 (resistance), a daily resistance at 1.0462 and the new multi-year low at 1.0352(support).
Ahead of the holidays and along with decreasing liquidity the EUR/USD pair settled in narrow range today. The pair was seen very weak at the beginning of the week and on Tuesday reached lowest point for the last 14 years at 1.0351. The short-term resistance is seen at 1.0520 (100-day moving average) and higher at 1.0665 (late November and 14th December highs). Looking to downwards support is now located at 1.0365 (15th December low) and lower at 1.0320.
The euro rose against the dollar on Friday. By the end of the American session EUR/USD is trading at 1.0456, gaining 0.19%. I believe that the support is now located at the level of 1.0350, Tuesday’s low, and resistance is likely at the level of 1.0501 - the maximum of Thursday.
Risk remains on the downside while more ranging movements are expected next week. Corrective move continues below 1.0500 level and immediate support zone can be found around 1.0400.
Merry Christmas everyone, enjoy your holiday.
Eur/Usd is almost trading flat around 1.0420/50 zone, on the upside strong resistance level can be seen at 1.0500 level, but with limited upside I’m expecting more sideway trading before the year end.
On the last Friday’s session the EURUSD rose with a narrow range and closed near the high of the day, although the currency pair closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0458 (resistance), a daily resistance at 1.0462 and the new multi-year low at 1.0352(support).
EUR/USD is consolidating sideways as it always does around the holidays. There’s a shooting star candlestick on the daily time-frame below the resistance at 1.0500 and the pair might move to the downside towards the support at 1.0380 again, but there likely wouldn’t be any major changes before the end of the year.
The EUR/USD closed the week at 1.0454. RSI is located slightly below mid-lines while stochastic is moving to negative territoty. Both indicators do not confirm an upward movement. First support is seen at 1.0420 and next at 1.035. Resistances are placed at 1.0500 and 1.0550.
Thank you for bringing real life back into a surreal thread
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Nobody is trading EurUsd at Christmas or in the thinnest liquidity days at the end of the year, so what is the point banging on about supposedly essential bits of price action in currencies?
I really wonder if robots have taken over babypips threads like this one…
Yesterday, the markets were closed for Boxing Day and time to take a breather and today should start slow but steady as the Year comes to an end.
The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0458 (resistance), a daily resistance at 1.0462 and the new multi-year low at 1.0352(support).