Key levels to watch for:
Support: 1.0815; 1.0550;
Resistance: 1.0980; 1.1130; 1.1280.
I agree, Dollar remain under pressure this week, bullish trend would likely to continue, resistance level can be found around 1.099/1.102 zone.
On the last Friday’s session the EURUSD rallied with a wide range but and closed near the high of the day, in addition the currency pair managed to close 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: Year high at 1.1021 (resistance), a key level at 1.0970 (resistance), the 10-day moving average at 1.0926 (support), a daily support at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0778 (support).
The pair has almost reached 1.1000, now the question is whether there will be a breakout above 1.1020.
Today the EUR/USD pair was challenged by the key level at 1.1000, but couldn’t conquer it. However technical indicators on the 4-hour time frame are keeping bullish stance and in the short-term we may expect euro bulls to push higher.
Dollar continue showing weakness, immediate resistance at 1.099/1.100 and follow by 1.1020, break above for further upside movement.
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition the currency pair managed to close above Friday’s high, which suggests a strong bullish momentum.
The currency pair is 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 1.1097, Year high at 1.1021 (resistance), a key level at 1.0970 (support), the 10-day moving average at 1.0940 (support) and a daily support at 1.0900.
EUR/USD has broken out well above 1.1020 and has formed a new high, the closest target is at 1.1100, but it will likely rise much higher than that.
The EURUSD is actually overbought from the big rally during this week, but once it got to the 1.1100 area, it may try to correct to the downside.
Strong eurozone data plus weak Dollar made Euro had one of its best day, there are still room on the upside, the immediate resistance level is at 1.1100 and follow by 1.1200.
On yesterday session, the EURUSD rallied but this time with a wide range and closed near the high of the day, in addition the currency pair managed to close above Monday’s high, which suggests a strong bullish momentum.
The currency pair is 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 1.1237, other daily resistance at 1.1097, previous wing high at 1.1021 (support), a key level at 1.0970 (support) and the 10-day moving average at 1.0957 (support).
Unfortunately, I missed last swing point of market (1.0588), in addition according to the intraday market context last day I opened a buy trade at 1.09919 level with 30 pips SL, right now I’m with 101 pips profit but I’m waiting here for my 1st TP (1.11914) if I get aggressive bullish movements here then I’ll wait for my second TP (1.14603)!
EUR/USD continued moving to the upside today and it is already at 1.1150. It will likely reach 1.1200 in the near future and probably continue rallying towards 1.1300.
This Wednesday caused risk aversion all over the financial space having in mind that US assets were set under huge pressure amid Trump’s latest scandals. Following this the EUR/USD pair marked fresh new high at 1.1150. It seems that now euro bulls dominate the trend.
Dollar continue facing strong selling pressure, Euro seems unstoppable. Next psychological level lie at 1.1200 level, on the downside key support level is at 1.1100 level, break below would mean correction movements.
On yesterday session, the EURUSD rallied for the third time in a row, but this time with a narrow range and closed near the high of the day, in addition the currency pair managed to close above Tuesday’s high, which suggests a strong bullish momentum.
The currency pair is 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 1.1237, daily support at 1.1097, previous wing high at 1.1021 (support), a key level at 1.0970 (support) and the 10-day moving average at 1.0962 (support).
Euro / dollar continued its upward movement yesterday with a peak of 1.1162, and earlier today hit 1.1171. Expectations remain up for testing at 1.1185 in short terms. A clear break above this level may cause a test of 1.1300 - 1.1350. Intraday support is visible at 1.1120. A clear break below this level could take the price to a neutral zone, but only a clear break back below 1.1020 should break the current strong upward spikes. I’m staying in the bulls camp for now.
The euro registered a new successful session against the dollar on Wednesday. The single currency rose for the fourth consecutive day and thus did not meet the expectations of a price correction. As a result, the resistance at 1.1138 was overcomed. If the bulls continue to dominate, the pair will test the level at 1.1206. Wednesday’s trading started at 1.1081, and the euro gained 77 pips to the final. The peak of the day was 1.1161.
Key levels to watch for:
Support: 1.0819; 1.0757;
Resistance: 1.1138; 1.1206.
The recent political development in US strengthened the greenback and the EUR/USD pair dropped today and the current market price is 1.1110. Moreover US bulls migth gather additional power with the latest hawkish comments from Cleveland Fed President Mester.