The single currency recorded a decrease against the US dollar on Monday. The session started at 1.1417 and the euro lost 54 pips. Daytime extreme values were reached at 1.1426 and 1.1354 respectively. If the euro continues to move down, we can expect a first support test at 1.1280.
Key levels to watch for:
Support: 1.1280; 1.1130; 1.0980;
Resistance: 1.1430; 1.1520.
EUR/USD was flirting with 1.13 level today. In the short-term the risk remains towards the downside, having indicators in negative territory.
On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition the currency pair closed below Monday’s low, 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 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (resistance), the 10-day moving average at 1.1328 (support), other Fibonacci extension at 1.1291 (support) and a daily support at 1.1237.
Fed didn’r surpise the markets today and initially the US dollar retreated slightly. But later on moved higher and the EUR/USD is currently trading at 1.1341.
On yesterday session, the EURUSD initially fell but found enough support near the 10 day moving average to reverse and closed near the high of the day, however the currency pair managed to close within Tuesday’s 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 daily resistance at 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (resistance), the 10-day moving average at 1.1343 (support), other Fibonacci extension at 1.1291 (support) and a daily support at 1.1237.
The EUR/USD keeps advancing for second sraight session. ECB minutes today strengthen and single currency and the pair is seen closer to 1.14.
EUR/USD bounced off from 1.1310 and it is moving to the upside. If it breaks out above 1.1400 it could test the last high at 1.1445 again.
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Wednesday’s range, 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 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (resistance), the 10-day moving average at 1.1366 (support), other Fibonacci extension at 1.1291 (support) and a daily support at 1.1237.
The whipsaw that the fundamentals today caused led EUR/USD to 1.1440, but it then bounced off from that level and it is currently testing the support at 1.1380, which coincides with the (MA)89 indicator on the one-hour time-frame. A breakout below that support will likely lead to another drop towards 1.1300.
EUR/USD was close today to the yearly high, but retreated and is going to end the week lower, slightly below the 1.14 mark. The outlook remains bearish in the short term. Only if bulls could fight the critical resistance at 1.46, the pair will gain upward strength.
Exciting week, almost no reaction from the NFP’s, i found that weird…
The euro fell against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.1399, losing 0.21%. I believe that support is now at 1.1311, the Wednesday’s low, and resistance is likely at 1.1440, the high of Friday’s trading.
The pair is trading almost flat around 1.1400 level, remain in the positive territory but further upside still yet to confirm.
On the last Friday’s session the EURUSD went back and forward without out any clear direction however still closed in the red , in the middle of the daily range, in addition the currency pair managed to close within Thursday’s 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 daily resistance at 1.1558, other daily resistance at 1.1460, the 10-day moving average at 1.1388 (support), a Fibonacci retracement at 1.1302 (support) and a daily support at 1.1237.
EUR/USD formed a hanging man candlestick on the weekly time-frame at the resistance around 1.1445 - 1.1440. There will likely be a new move to the downside towards 1.1300.
Important news coming this week. I’m bullish on the USD, expecting below 1.13.
EUR/USD was trading almost unchanged today, hovering around 1.14 level due to the lack of major macro data. Bigger events later this week will stir the markets and the pair will find more clear direction.
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition the currency pair closed within Friday’s range, which suggests being clearly neutral, neither side is sowing 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 daily resistance at 1.1558, other daily resistance at 1.1460, the 10-day moving average at 1.1397 (support), a Fibonacci retracement at 1.1302 (support) and a daily support at 1.1237.
EUR/USD pair has just marked a fresh new yearly high at 1.1479, mostly influenced by Trump Jr’s affairs. Short term seems to be very bullish, confirmed by technical indicators.