The fundamentals finally pushed EUR/USD to break out above the sideways consolidation it had begun above the support at 1.1175, but the move to the upside was rather short-lived because it formed a spinning top candlestick on the four-hour time-frame at 1.1250 and started falling. Next target is likely at the support at 1.1175 again.
The EUR/USD pair again crossed to above the important 1.12 handle after the US releases. Next bulls’ target is seen at 1.1267 (May’s 23 high) and if conquering it, will be challenged by 1.13.
On yesterday session, the EURUSD initially tried to rise but found enough resistance at 1.1237 to erase all its gains and closed near the low of the day, however managed to close within Wednesday’s range, which suggests being slightly on the bearish side of neutral.
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 Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1180 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
During the past week the EUR/USD pair rallied but finally came a halt. Next week is offering interesting macro data and suggests to be very volitile for the pair.
I think a correction will follow this week with potential target around 1.10.
So maybe one can place short on the EU pair with a tight stop and see if you can get a quick 50 pips or so.
The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1,1181, losing 0.26%. I believe that support is now at around 1.1160, Monday’s low, and resistance is likely at 1.1268, Tuesday’s high.
Euro seems has lost its upside momentum against dollar, I’m expecting the pair continues its consolidation movement until this Friday Nonfarm Payrolls decide a new direction.
The week begins with a holiday in USA, but later in the day the focus will be on Draghi’s speech. During the past week the EUR/USD was trading almost flat and in consolodation between 1.1150 and 1.1260. Friday are due the NFP numbers and may wxpect new direction for the pair.
On the last Friday’s session the EURUSD initially rose with but found enough resistance at 1.1237 to trim all its gains and closed near the low of the day, in addition the currency pair managed to close below Thursday’s high, which suggests a strong bearish 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 Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1177 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
EUR/USD formed a double bottom at 1.1160 before moving to the upside again. Next target is likely at 1.1200.
Having new panic attack in the Eurozone with Greece bank issue, the EUR/USD moved lower and marked weekly low at 1.1122. A break below 1.11 handle would lead bears to test 1.1069.
On yesterday session, the EURUSD tried to rise but found enough selling pressure at the 10-day moving average to erase all its gains 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 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 Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1187 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
EUR/USD has almost reached 1.1200. Considering how bullish it is the move to the upside will likely continue towards 1.1230 - 1.1250 again.
The euro / dollar was tentative yesterday but traded lower earlier today, sliding under the EMA 200. Signals are descending to test the support at 1.1080, which remains a good area to place purchases with tight stops. The closest resistance is seen at 1.1160. A clear breakthrough and daily closure over it will cause further upward pressure on testing at 1.1200 - 1.1265. I still prefer a bullish scenario in this phase, but a clear break and daily closure below 1.1080 will open the doors to 1.0950 and will also activate my wait to see a new model.
EUR/USD was very close to the important 1.12 handle during the Asia session, but drifted lower and now entered in bearish consolidation. Today are due releases of German retails sales and Euroarea flash CPI, which can give fresh power to euro bulls.
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, however the currency pair closed within Monday’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 Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1193 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
The single currency recorded an increase against the US dollar on Tuesday. The euro opened at 1.1161 and the pair rebounded from support at 1.1130. Eventually, the currency pair ended at 1.1185 and if the upward trend continues, we can expect a break in the first resistance at 1.1280.
Key levels to watch for:
Support: 1.1130; 1.0980; 1.0815;
Resistance: 1.1280.
EUR/USD reached a high at 1.1240 today, but that likely is not the end of the move to the upside. The pair will probably test the last high at 1.1267.