After starting the year looking like the Year of the Dollar!
On the last Friday’s session the EURUSD rose with a narrow range and closed near the high of the day, however the currency pair closed within Thursday’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 1.1829, other daily resistance at 1.1753, the 10-day moving average at 1.1649 (support), a daily support at 1.1460 and other daily support at 1.1556.
EURUSD is this years strongest trend, up 11.5% year to date, Two weeks ago it broke out of it’s 2 year range, from a technical point there is nothing stop it for 2000+ pips. This should continue to run higher until a central bank, either from US or Euro intervenes
Agree with all of you, EUR/USD is definitely in an uptrend
But it doesn’t look like the right moment to get in
Not only did EUR/USD rally again today, but it finally broke out both above the previous high at 1.1775 and above 1.1800. The trend is very bullish and there are no major resistance levels on the way up.
EUR/USD continued the rally and marked fresh new high today at 1.1830. Short term correction is expected as indicators are showing overbought signals.
On yesterday session, the EURUSD rallied again but this time with a wide range and closed near the high of the day, in addition the currency pair closed above Friday’s high, which suggests a strong bullish momentum.
The currency pair continues 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 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1700 (support), a daily support at 1.1460 and other daily support at 1.1556.
EUR/USD is consolidating sideways between 1.1800 and 1.1845. The pair is still very bullish and even if there is a brief retracement to the downside it will likely continue rallying.
After having marked fresh high at 1.838, the EUR/USD lost momentum and is currently trading at 1.1797. Nevertheless it’s early to assume that the pair has started deep correction, as the US dollar remains fragile amid the political jitters.
The pair is consolidating on the upside, still holding yearly high. Break above the immediate resistance level at 1.1845 would open the door to 1.19.
On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, however the currency pair closed within Monday’s range, which suggests a being slightly on the bearish side of neutral.
The currency pair continues 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 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1735 (support), a daily support at 1.1460 and other daily support at 1.1556.
EUR/USD formed a new high at 1.1870 and continues moving to the upside. Next target is likely around 1.1900.
Already reached the 1.1900, so possibly to turn down now?
New fresh high for the EUR/USD pair was marked today at 1.1911. The upward momentum remains actual, but on Thursday we may calm down ahead of the release of services and composite PMIs in the euro zone and on the other coast we expect the US Nonfarm Payroll report. Well dips are still seen as buying opportunities.
Hello all, I believe it will fluctuate.
The Ever Quoting J P Morgan VIPER
On yesterday session, the EURUSD initially rose but found enough selling pressure to trim some of its gains and closed in the middle of the daily range, however the currency pair managed to close above Tuesday’s range, which suggests bullish momentum.
The currency pair continues 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 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1755 (support), a daily support at 1.1460 and other daily support at 1.1556.
Today the EUR/USD pair peaked very close to 1.19, but retreated few pips lower. Anyway the pair is up for third consecutive week and the price is developing around its yealy high. As there no signals for upward exhaustion, the rally might extend to the ctritical 1.12 handle.
EUR/USD is consolidating sideways slightly below 1.1900. The fundamentals tomorrow may push the pair above that level.
I agree, short term correction movement does not change the bullish trend, once the pair break above 1.19 level, next target would be 1.20.
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair continues 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 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1782 (support), a daily support at 1.1460 and other daily support at 1.1556.