On yesterday session, the EURUSD initially rose with a wide range but found enough resistance at 1.0819 to give back all its gains to the market and closed near the low of the day, although the currency pair managed to close within the previous day range, which suggests being on the bearish side of neutral.
The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0737 (support), a daily support at 1.0622, the 50-day moving average at 1.0590 (support) and a daily support at 1.0462.
On the last Friday’s session the EURUSD initially fell but found enough buying pressure around the 10-day moving average to reverse and managed to close near the high of the day, although the currency pair closed within Thursday’s range, which suggests a being on the bullish side of neutral.
The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0738 (support), a daily support at 1.0622, the 50-day moving average at 1.0590 (support) and a daily support at 1.0462.
The US dollar weakened against other major currencies on Friday, February 03. This happened due to the release of controversial statistics on the labor market.
I’m going long on EUR/USD today. The price kept the 1.0735 key support level. I’ll buy in case of breakout and retest the 1.0765 local resistance. Potential movement - to 1.0810.
EUR/USD is testing the support at 1.0710 which is the (MA)89 indicator on the four-hour time-frame. A breakout below that level will likely lead to a further move to the downside towards the previous low at 1.0620.
On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure at 10-day moving average to trim some of its losses although closed in the red, in the middle of the daily range, in addition the currency pair managed to close within Fridays range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0743 (support), a daily support at 1.0622, the 50-day moving average at 1.0591 (support) and a daily support at 1.0462.
EUR/USD is still very bearish and it broke below 1.0710 today. If it breaks out below 1.0620 it will likely continue falling towards the next support at 1.0570.
The EUR/USD pair contiues to trade lower and marked today daily low at 1.0655. Later the pair bouned and the current market price is 1.0686. In the hourtly chart technical indicators have recovered from the oversold area and are showing strong bullish momentum. The risk for downward slide is still in tact, as long as the pair stays below the key resistance at 1.0700.
The EURUSD retraces to the downside below the 1.0700 level, but it is really inside its bullish channel. The trend could change to the downside if it breaks below the 1.0600 level. For now, the 1.0800 level remains as a good resistance on the pair.
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition the currency pair managed to close below Monday’s range, which suggests a strong bearish momentum.
The currency pair is trading above the 50-day moving average that should act as dynamic support although the EURUSD closed below the 10 –day moving average and remains trading below the 200-day moving average both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0743 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0593 (support) and a daily support at 1.0462.
Euro/dollar made a downward momentum yesterday, slipped below the bullish channel, but still failed to break below key support 1.0650 and EMA 200. The outlook is bearish for now, but we need a clear break below 1.0650 to confirm bearish reversal scenario with the closest target around 1.0500. Resistance for the day is 1.0730. A clear break above that area could lead price to neutral zone trade, but should keep the bullish phase intact testing 1.0800.
The pair bounced off 1.0640 and it could retrace back to 1.0710 - 1.0720 which from a support would have become a resistance level, before it continues moving to the downside.
The upward potential is now limited by the 1.0720 region, where the 20-day SMA crossed to below the 100-day SMA. The current market price is 1.0688 and if failing to hold around this area, the pair is poised to reinforce the downard slope towards 1.0650 and even lower towards the key support at 1.0590.
As US dollar is seen weakened today due to the increased selling interest, the EUR/USD pair bounced off yesterday’s lows and the current market price is 1.0698. The pair is most likely to retest the key resistance at 1.0700
On yesterday session, the EURUSD went back and forward without any clear direction although manages to close in the green, near the high of the day, in addition the currency pair closed within Wednesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0742 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0595 (support) and a daily support at 1.0462.
After two weaker days in the presentation of the euro, today it rose against the dollar. At the beginning of the session nothing suggested that the bulls will be able to close the session in green. The rate by opening of the session was 1.0683, and at 7:00 had pierced the support level of 1.0660. This led to a daily low at 1.0640. Then the Bulls brought the price to a high of 1.0713. After a little hesitant movements, the day was closed with rise of the euro to 1.0697.
EUR/USD did retrace to 1.0712 before moving to the downside once again. Currently the pair is quite undecided, but if the move to the downside continues the first target will likely be at 1.0600.
The EURUSD may continue dropping towards the 1.0600 level, but it has lost some steam. Below the 1.0600 level, it could confirm a bearish trend change.