NFP and Jobs data in less than three hours. Interesting to see how it goes, i’m calling better than expected.
The euro-dollar currency pair recorded a volatile session on Thursday, moving around the first resistance at 1.1860, and at the end of the day the course was eight pips above it. The first quote for the day was 1.1855, which means the euro added 13 pips to its value. Extreme values for the day were recorded at 1.1830 and 1.1892 respectively.
Key levels to watch for:
Support: 1.1860; 1.1700; 1.1520;
Resistance: 1.1970; 1.2180.
EUR/USD dropped significantly after the fundamentals today, from 1.1890 to 1.1728. Considering how bearish the pair still is it may reach 1.1700 again next.
Euro / dollar was hesitant yesterday. The signals remain neutral, but I’m still in the bulls camp with targets in the 1.2000 strong resistance area.
The NFP data surged the US dollar this Friday and EUR/USD closed the week flat after rallying three consecutive weeks. The pair marked fresh year high at 1.1909 and dropped sharply afterwards. This movement can be read as a downward corrective one, as the price remained above 1.1615.
The dollar gained against other currencies after an unexpectedly strong US employment report indicated that the Fed will be able to fulfill its plan for a third rate hike this year. The EUR / USD fell to the close of trading at 1.1773.
On the last Friday’s session the EURUSD fell with a wide range and closed near the low of the day, in addition the currency pair closed below Thursday’s low, which suggests a strong bearish 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 1.1790 (support), a daily support at 1.1460 and other daily support at 1.1556.
EUR/USD is really having a good time as this has definitely so far been the year of the Euro.
EUR/USD is retracing after the big move to the downside on Friday, but the drop may not be over yet, especially considering the spinning top candlestick that has formed on the four-hour time-frame at 1.1810.
The EUR/USD pair closed today almost unchanged having in mind the daily performance and few pip above the Friday’s close. The four-hour time frame is showing bearish signs. The downward move might be exteded to 1.1715 – 1.1725.
On yesterday session, the EURUSD rose with a narrow range and closed near the high of the day however the currency pair closed within Friday’s range, which suggests being slightly on the bullish 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 1.1803 (support), a daily support at 1.1460 and other daily support at 1.1556.
EUR/USD is hovering around the 1.18 level today and is unbale to surpass 1.1820. Along with the limited volatility around the pair, the short term remains neutral.
EUR/USD briefly broke out below 1.1725 today though it has currently retraced above it again. The move to the downside will likely continue and the pair will probably reach 1.1700 - and may even break out below that level.
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition the currency pair managed to close below Monday’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 daily resistance at 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1796 (resistance), a daily support at 1.1460 and other daily support at 1.1556.
EUR/USD finally bounced off from 1.1690, but considering the impressive shooting star candlestick that has formed on the weekly time-frame at the resistance at 1.1910 this could be just the beginning of the move to the downside.
EUR/USD continues to keep downward pressure and is exposed to extend further decline. Resistance is seen at 1.18 while conversely support lies at 1.17.
Given the absence of any major events today that could set direction, EUR/USD is seen at neutral stance.
On yesterday session, the EURUSD initially fell but found enough support to erase all of its losses and managed to close near the high of the day, however the currency pair closed within Tuesday’s range, which suggests being slightly on the bullish 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 daily resistance at 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1795 (resistance), a daily support at 1.1460 and other daily support at 1.1556.
The euro / dollar did not make a substantial move yesterday. Price went down, forming a bottom at 1.1688, but closed higher at 1.1757. The signals are neutral for now. We have an intraday resistance around 1.1785. A clear breakthrough over it can cause further upward pressure for testing at 1.1820 / 50. On the downside, 1.1650 remains key support. A clear break below this level should break the bullish scenario and activate the neutral model.