Yesterday the euro retreated against the US dollar and closed at 1.0654. Currently the EUR/USD pair is testing the 1.0650 level and continues the bearish consolidation phase.
On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition the currency pair closed within Thursday’s range, which suggests being slightly on the bearish 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 1.0737 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0598 (support) and a daily support at 1.0462.
EUR/USD has almost reached 1.0600. While it is possible for it to bounce off from that level, a breakout below it would probably lead to a further drop towards 1.0540 - 1.0530.
The 1.0600 level could act as a support on the EURUSD, a small pullback may form, but a bearish trend seems to be on the way.
I agree, after President Trump’s “phenomenal” tax reform promise supporting dollar strength, the pair take turn to the downside, immediate support zone around 1.0620/00.
There are no important data scheduled the coming week in Europe and US, focus stay on political headlines, another word: ‘‘Trump’’.
The EUR/USD pair closer lower last week in correction mode. In case of continuation of the downwad trend, we may expect break of the support line at 1.0550.
On the last Friday’s session the EURUSD initially fell but found enough buying pressure around the 50-day moving average to trim some of its losses and closed in the middle of the daily range, although the currency pair managed to close below Thursday’s range, which suggests a bearish momentum.
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 1.0730 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0598 (support) and a daily support at 1.0462.
The pair is still testing the support at 1.0600, but I don’t expect a breakout before the fundamentals later this week.
On yesterday session, the EURUSD initially rose but found enough selling pressure at Friday’s open to reverse and close near the low of the day, in addition the currency pair managed to close below Friday’s low, which suggests a strong bearish momentum.
The currency pair closed shy below 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 1.0697 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0599 (support) and a daily support at 1.0462.
The EUR/USD pair broke below the bullish channel and the 200-day SMA. Further downward pressure might be increased in case of crossing below yesterday’s low at 1.0590.
EUR/USD is trading lower, having bottomed yesterday at 1.0560 and closing at 1.0577. The pair is vulnerable to the downside with first support seen at 1.0550. In case of breakdown next bears target is 1.0511.
On yesterday session, the EURUSD initially rose but found enough selling pressure at 1.0622 daily resistance to reverse and close near the low of the day, in addition the currency pair managed to close below Monday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10, 50 and 200-day moving averages all 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 1.0678 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0602 (resistance) and a daily support at 1.0462.
EUR/USD found some support at 1.0520 but the move to the downside will likely continue. A breakout below that level will probably lead to a further drop towards 1.0440.
The EURUSD is still in a bearish trend, even though it tried to pull back to the upside. A brief correction may be on the works, but it might as well go back down.
Yesterday the EUR/USD pair marked close to five-week fow at 1.0520 but found enough strength to bounce off back to 1.0600 area. Immediate resistance is seen at 1.0640 and fisrt support is located at 1.0575.
On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure at 1.0526 to reverse and managed to close near the high of the day, creating a hammer pattern, in addition the currency pair closed within Tuesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 10, 50 and 200-day moving averages all 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 1.0659 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0605 (resistance) and a daily support at 1.0462.
EUR/USD bounced off from 1.0520 and is currently testing the resistance at 1.0660 which is the (MA)89 indicator on the four-hour time-frame. If it breaks out above that level it will likely continue moving to the upside towards 1.0700.
Yesterday the EUR/USD rallied and marked best performance since late January . The pair added 74 pips and closed at 1.0673. In the short-term bulls are in play and aiming 1.0675.
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, creating a bullish belt hold line pattern, in addition the currency pair managed to close above Wednesday’s range, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and 50 day moving averages that should provide a dynamic support but is still 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 1.0648 (support), a daily support at 1.0622, the 50-day moving average at 1.0610 (support) and a daily support at 1.0462.