EUR/USD is testing 1.0990 - 1.1000 after the fundamentals today, but it hasn’t broken out above that resistance level yet. I doubt there will be any major changes before the presidential elections in France on Sunday.
The EUR/USD pair had a good week going as high as 1.09995! Let’s see what happens next!
The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.0998, gaining 0.13%. I believe that support is now at around 1,0873, Thursday’s low, and resistance is likely at 1.0999, the high of Friday’s trading.
On Friday, the euro rose against the dollar to a maximum in six months amid optimism about the results of the French president’s election. At the same time, the markets practically did not take into account the sharp rise in jobs in the US last month.
At the close of trading on Friday, the pair EUR / USD was trading at position 1.0998, the highest since early November 2016. Shell we see a sharp crack of 1.10?
On the last Friday’s session the EURUSD initially fell with a narrow range but found enough buying pressure near the last swing high to trim all its losses then managed to close in the green, near the high of the day, in addition the currency pair closed above Thursday’s high, which suggests a strong bullish momentum.
The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1236, other daily resistance at 1.1097, key level at 1.0970 (support), a daily support at 1.0900, and the 10-day moving average at 1.0927 (support), a daily support at 1.0819.
Surprisingly, EUR/USD fell from 1.1020 after the elections in France and Emmanuel Macron’s victory. It is currently testing the support at 1.0930, and a breakout below that level will likely lead to a new move to the downside towards 1.0865, which is the (MA)89 on the four-hour time-frame.
On yesterday session, the EURUSD dived with a wide range and closed 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 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1097, key level at 1.0970 (resistance), the 10-day moving average at 1.0928 (resistance), a daily support at 1.0900 and other daily support at 1.0819.
The hawkish Fed contributed to the weaker EUR/USD pair.In case ECB follow Fed’s decision, the pair pair might push higher towards 1.10 handle.
On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition the currency pair managed to close below Monday’s high, which suggests a strong bearish momentum.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a key level at 1.0970 (resistance), the 10-day moving average at 1.0929 (resistance), a daily resistance at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0765 (support).
EUR/USD is testing the support at 1.0865, a breakout below that level will likely lead to a further move to the downside towards 1.0820.
The EUR/USD bounced slightly from the weekly low, but after Mario Draghi’s speach turned bearish again. The current market price is 1.0865 and interemediate support is seen at 1.0850. In case of breaking it, the pair could extend the downwards slope towards 1.0820.
EUR/USD is falling back towards 1.0860 level with the European session underway. The indicators on the 4-hour chart are in the negative territory and suggest further downward pressure.
On yesterday session, the EURUSD went back and forward without any clear direction although and closed in the red, in the middle of the daily range, plus managed to close within Tuesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a key level at 1.0970 (resistance), the 10-day moving average at 1.0926 (resistance), a daily resistance at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0769 (support).
EUR/USD is back to consolidating around the 1.0865 level despite its move to the downside towards 1.0840. The pair might retrace to 1.0900 again before the market closes tomorrow.
On yesterday session, the EURUSD went back and forward without any clear direction again and closed in the red, in the middle of the daily range, plus managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a key level at 1.0970 (resistance), the 10-day moving average at 1.0922 (resistance), a daily resistance at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0774 (support).
EUR/USD did reach 1.0900 today and it even broke out above that level and it is currently testing 1.0920. Next target is likely 1.0950 - 1.1000.
The EUR/USD moved higher today and posted 3-day high at 1.0933 right after the release of the US economic data. A possible daily close below the 20-da SMA, currently standing at 1.0870, will hurt bulls’ strength.
Eur/Usd reacted strongly on weak US data, the pair still remains on the daily high, psychological level on the upside can be found at 1.100, on the downside support zone around 1.0830/40.
EUR/USD went a bit down this week, but managed to recover. I’m bullish for the week to come!
The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.0932, gaining 0.64%. I believe that support is now at around 1.0838, Thursday’s low, and resistance is likely to come in at 1.1024, Monday’s high.