What a spike in the EUR/USD! I bet most of the retail traders were caught off guard with all those expectations of a strong US dollar.
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Tuesday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade 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, other daily resistance at 1.0713, the 50-day moving average at 1.0650 (support), a daily support at 1.0622, the 10-day moving average at 1.0622 (support) a daily support at 1.0527 and other daily support at 1.0462.
EUR/USD showed strong bullish momentum yesterday and topped at 1.0745. Since the start of today’s session the pair is correcting to downwards and the current market price is 1.0712.
The euro registered a significant increase against the dollar on Wednesday, immediately after the statement of the Federal Reserve on an increase in US interest rates. As a result, the dollar collapsed, and the pair managed to break the resistance at 1.0738. If the bulls continue to dominate, the key level at 1.0774 will be tested soon. The session on Wednesday launched at a price of 1.0607 and the single currency rose by 129 pips to the finish. In the early hours trend was neutral, but in the evening direction changed sharply and the pair reached a peak for the day at 1.0739.
Key levels to watch for:
Support: 1.0522; 1.0491;
Resistance: 1.0738; 1.0774.
What amazes me is how people like Honeill post NOTHING productive, however, he is crowned with such a title, when all he is doing is copy and pasting things he found on another site. Simply look back to my last EU post, and you will see that I was calling long of EU at what turned out to be the last bottom of EU, when everyone was sell heavy!
EUR/USD pushed higher yesterday and closed at 1.0735. The pair is keeping the bullish tone standing above the importnant 1.07 handle with current levels above Wednesday’s high.
On yesterday session, the EURUSD rallied again but this time with a narrow range and closed near the high of the day, in addition managed to close above Wednesday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade 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, daily support at 1.0713, the 50-day moving average at 1.0651 (support), the 10-day moving average at 1.0638 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
EUR/USD formed three spinning top candlesticks on the four-hour time-frame at the resistance at 1.0780 and started moving to the downside. The retracement will likely continue at least until it reaches the support at 1.0700.
The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD is trading at 1.0738, losing 0.26%. I believe that support is now at around 1.0597, Tuesday’s low, and resistance is likely at 1.0783, the high of Friday’s trading.
After had marked a fresh month high at 1.0782, the EUR/USD pair retreated and closed the week at 1.0738. The sentiment remains bullish as long as the price holds above 1.0700 handle.
The pair downside strength seems limited, uptrend would continue as soon as break above immediate resistance level at 1.0780.
On the last Friday’s session the EURUSD fell with a narrow range and closed near the low of the day, although the currency pair managed to close within Thursday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but 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 1.0855 (resistance), daily resistance at 1.0819, daily support at 1.0713, the 10-day moving average at 1.0653 (support), the 50-day moving average at 1.0653 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
EUR/USD is trading close to the one month high, which was marked last week at 1.0782. The sentiment remains bullish in the short-term, but indicators are losing momentum.
EUR/USD has formed a shooting star candlestick on the four-hour time-frame at 1.0780 as well as a hanging man candlestick on the weekly time-frame at the same resistance level - both are signals for an impending move to the downside.
On yesterday session, the EURUSD tried to rally but found enough selling pressure at 1.0771 to give all of its gains back to the market and closed in the red, near the low of the day, however closed within Friday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but 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 1.0853 (resistance), daily resistance at 1.0819, daily support at 1.0713, the 10-day moving average at 1.0690 (support), the 50-day moving average at 1.0656 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
EUR/USD bounced off from 1.0718 and moved to the upside after forming a doji candlestick at that level on the daily time-frame yesterday. The pair has broken above the previous high at 1.0782 and it’s still rising, the closest target is likely at 1.0850.
EUR/USD made impressive rally and hit a fresh monthly high at 1.0820. There was a slight retreat in the afternoon, but the pair keeps bullish stance, which is confirmed by the technical indicatiors.
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Monday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but 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 1.0851 (resistance), daily resistance at 1.0819, the 10-day moving average at 1.0714 (support), daily support at 1.0713, the 50-day moving average at 1.0658 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
The euro advanced against dollar. During yesterday’s session the single currency gain 70 pips. The dollar is again very hesitant and during the day the pair was completely dominated on bullish sentiment. After opening rate of 1.0736, bottom for the day was recorded during the next hour and reached 1.0719 level. This ended the forces of bears and there was clearly seen the upward bullish trend. The pair recorded its peak level of 1.0818, and a few hours later session ended with exchange rate of 1.0806 dollars per euro. Shortly before lunch ended up the first break of support level 1.0800 was breached.