EUR/USD rallied towards 1.1260 inthe Asian session, but bulls felt exhaustion and retreated to currently trade around 1.1250.
On yesterday session, the EURUSD rose with a wide range and closed near the high of the day, in addition the currency pair managed to close above Tuesdayâs 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 Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1197 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
EUR/USD bounced off from 1.1255, not quite reaching the previous high at 1.1267. The pair formed a shooting star candlestick on the one-hour time-frame below that level and it is currently retracing towards the closest support level at 1.1200. A breakout below that support will likely lead to a further move to the downside towards 1.1150 - 1.1130.
The EUR/USD was flat lined in the early trading hours, around 1.1215. Awaiting NFP release to set more clear direction.
On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, however managed to close within Wednesdayâs 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 1.1199 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
138K, i like to think that the USD bearish trend has started.
While Dollar is still in its weakness, Eur/Usd seems have more room on the upside, we are looking at ECBâs monetary policy meeting on Thursday. Key resistance level can be located at 1.1300 level.
On the last Fridayâs 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 Thursdayâs 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 Fibonacci extension at 1.1291, a daily support at 1.1237, the 10-day moving average at 1.1203 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
EUR/USD bounced off from 1.1284 after forming a doji candlestick and a shooting star candlestick at that level on the four-hour time-frame. Currently the pair is testing the support at 1.1235, a breakout below that level will probably lead to a further move to the downside towards 1.1160, which is the (MA)89 indicator on the four-hour time-frame again.
The EUR/USD pair is holding neutral to bullish stance. A break above the important 1.13 level will confirm a new leg to above.
On yesterday session, the EURUSD fell with a narrow range and found some buying pressure near 1.1237 a daily support to trim some of its losses and in the middle of the daily range, plus the currency pair closed within Fridayâs range, which suggests being clearly neutral, neither side is showing control.
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 support at 1.1237, the 10-day moving average at 1.1217 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
EUR/USD is consolidating above the support at 1.1235 - 1.1240 which coincides with the (MA)89 indicator on the one-hour time-frame and it may continue doing so until the fundamentals on Thursday.
Ahead of the important macro events this week ,the EUR/USD pair seems to range bounded.
The risk to the downside remains limited until the pair holds above the 1.12 handle. But to confirm a strong bullish run is needed a break through the 1.13 mark.
On yesterday session, the EURUSD rose with a narrow range and closed near the high of the day, plus the currency pair closed within Mondayâs range, which suggests being slightly on the bullish 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 support at 1.1237, the 10-day moving average at 1.1224 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
EUR/USD bounced off from 1.1284 again and is quite bearish at the moment, next target is likely at 1.1180, which is the (MA)89 indicator on the four-hour time-frame. That said, there likely wonât be new major development before the fundamentals tomorrow.
The EUR/USD pair retreated from the fresh highs and marked a weely low at 1.1204 ahead of the ECB meeting. Short term has turned to be slightly bearish. The pair broke below the 20-day SMA, but still is holding above the 100-day SMA.
The pairâs bouncing movement shows how anxious the market is before Thursday two major events which include the UK election and ECB monetary policy meeting. No clear direction for now, break out needed.
On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure around the 10-day moving average to trim most of its losses however closed in the red nonetheless near the high of the day, in addition the currency pair managed to close within Tuesdayâs range, which suggests being slightly on the bullish 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 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1232 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
This Wednesday, the dollar took 20 pips from the single currencyâs account. The session was dynamic and at the beginning of the day one euro was exchanged for 1.1276 dollars. With rapid pace the bears led the course in their direction. They broke the support at 1.1256 and recorded bottom at 1.1203. The battered players managed to mobilize and three hours later they recorded a peak at 1.1281. The last quote for the day was 1.1256.
EUR/USD fell to 1.1180 after having marked daily high at 1.1237 yesterday. The pair was affected by the election in UK which caused huge sell-off in GBP. ECB are not going to lower rates soon, but however this didnât supported the single currency to gain ground.