On yesterday session, the EURUSD fell with a wide range 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 closed 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 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1234 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
For a second consecutive session, the euro is cheaper against the dollar. The single currency lost 42 pips. The day was found at 1.1254, and in the first hours the course was moving around the resistance at 1.1256. Prior to noon, the bulls recorded their peak at 1.1268, then dropped sharply to the bottom at 1.1194. At the end of the session one euro was exchanged for 1.1212 dollars.
After having a very turbulent week with EUR/USD falling below 1.12 mark, the week ahead is suggesting a modest downward corrective movement for the pair. Anyway, the pair is not seen below 1.10 although we have Fed’s meeting on Wednesday and possible rate hike is expected.
On the last Friday’s session the EURUSD initially fell with a narrow range but found enough buying pressure to trim most of its losses and closed near the high of the day, in addition the currency pair managed to close below Thursday’s low, which suggests a weak 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 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance) , the 10-day moving average at 1.1239 (resistance), a daily resistance at 1.1237, a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
EUR/USD continues consolidating sideways, as it is evident on the daily time-frame. A breakout above 1.1230 will likely lead to a further move to the upside towards 1.1280 again.
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, plus the currency pair closed within Friday’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 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance) , the 10-day moving average at 1.1237 (resistance), a daily resistance at 1.1237, a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
EUR/USD fell today to 1.1190 but yet remains in tight range. Ahead of tomorrow’s FOMC meeting no changes are expected and the pair will consolidate around 1.12 mark.
On yesterday session, the EURUSD went back and forward again without any clear direction and closed in the middle of the daily range, plus 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 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance) , the 10-day moving average at 1.1237 (resistance), a daily resistance at 1.1237, a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
EUR/USD jumped higher today, almost reaching US election level, but failed to surpass the key 1.13 mark and even went lower later. Current market price is 1.1212 and immediate resistance is seen at 1.1233. In case of breaking it, another move to the upside would be possible.
On yesterday session, the EURUSD tried to rally with a wide range but found enough resistance around 1.1291 a Fibonacci extension to trim most of its gains and closed near the low of the day, however the currency pair managed to close within Tuesday’s range, which suggests being slightly on the bearish side of neutral.
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 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1230 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
EUR/USD finally broke out below 1.1200 today. The pair is still very bearish and a breakout below 1.1150 could lead to a further move to the downside towards 1.1060, which is the (MA)89 on the weekly time-frame.
EUR/USD is poised to extend its decline, having technical readings on the 4-hour time frame. The price is well below the 20-day and 100-day SMAs, while RSI and stochastic are located within extremely oversold territory.
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Wednesday’s range, 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 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1217 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
EUR/USD recovered from yesterday’s low and today is seen slightly higher. However the pair is hesitant and is staying within the daily range between 1.1150 and 1.1190.
The single currency recorded a decline against the US dollar on Thursday. The session started at 1.1217 and ended at 1.1144. The currency pair rebounded from the 1.1130 support and if the euro continued to lose its position against the US dollar there is a strong likelihood of a breakthrough in first support.
Euro / dollar fell yesterday, making the bottom at 1.1131. Expectations are downward in the near future. The false break above 1.1285 gave us a valid bearish signal with targets in the support region 1.1080, which remains a good place to buy with a narrow loss of loss. Immediate resistance is at 1.1200. A clear breakthrough over it could take the price to a neutral zone, but key resistance remains at 1.1285, which should be clearly pushed up for the sequel to the bullish scenario for testing at 1.1350 - 1.1425. Downwards, a clear break and a daily / weekly closing below 1.1080 would have to disrupt upward signals.