On yesterday 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 Monday’s high, which suggests a strong bullish momentum.
The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above the 10 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: the 50-day moving average at 1.1858 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1758 (support), a daily support at 1.1753, a key level at 1.1684 (support) and other key level at 1.1593 (support).
On yesterday session, the EURUSD rose again but this time with a narrow range and closed near the high of the day, in addition the currency pair managed to close above Tuesday’s high, which suggests a strong bullish momentum.
The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above the 10 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1861 (resistance), a daily support at 1.1829, the 10-day moving average at 1.1767 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
Euro / dollar continued its inertia up yesterday, sliding over the resistance 1.1850. The outlook remains bullish so far, but a clear break above 1.1900 is needed to further confirm that the downward correction phase is no longer valid for targets in the 1.2000 - 1.2090 area. Immediate support is 1.1850. A clear breakthrough and daily closure back under it will keep the bear’s correction phase in place.
EUR/USD almost reached 1.1900 today before it bounced off from 1.1880. This is likely a temporary retracement and its closest target is probably around 1.1800.
The single currency is undermined in a weak greenback environment and the EUR/USD dropped to 1.1826. The near term outlook remains bearish if the pair break below 1.1820.
On yesterday session, the EURUSD initially rose but found enough selling pressure near the 50-day moving average to reverse and closed near the low of the day, however the currency pair managed to close within Wednesday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above the 10 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1862 (resistance), a daily support at 1.1829, the 10-day moving average at 1.1774 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
The greenback seems to be recovering. EUR/USD dropped to daily low at 1.1805 on Friday but later slightly recovreed. However the pair closed at 1.1820. We have buisy week ahead both from US and EU, so let’s see how the pair will handle.
Eur/Usd has just recovered the small bearish gap, I’m expecting the pair might continue it’s upward trend as long as it’s above the support level 1.1670.
My old mate ? Someone whose opinion I respected immensely used to say “Gaps always fill” - something to bear in mind for future reference, when the action gets quite a way away from them
On the last Friday’s session the EURUSD initially rallied but found enough resistance near the 50 day moving average to trim all of its gains and closed near the low of the day, in addition managed the currency pair managed to close below Thursday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above the 10 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1864 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1784 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
EUR/USD continues consolidating around 1.1800. On the daily time-frame there’s a spinning top candlestick at that level, which is a signal for indecision and not, necessarily, for a reversal. The indecision will probably continue until the fundamentals later this week.
The single currency registered a modest decline over the US dollar on Friday. The session started at 1.1829 and the euro lost 11 pips. The chart continued to grow above the moving averages, while the relative strength index remained neutral. If the downward trend continues, the euro will probably break the first support at 1.1735.
The euro / dollar made an upward movement last week with a peak of 1.1879, but closed a little lower at 1.1818. The signals are neutral, but slightly downward to testing support 1.1750. Clear breaks and daily closures below this level may clear the way to zone 1.1670. The main upward trend remains valid, but we need a clear breakthrough and daily closing above 1.1900 for a potential end of the current downward correction phase and the resurgence of the bullish trend for the 1.2000 - 1.2090 test.
On yesterday session, the EURUSD initially fell but found enough support near the 10-day moving average to trim some of its losses although closed in the red, in the middle of the daily range, in addition the currency pair managed to close below Friday’s high, which suggests a strong bearish momentum.
The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above the 10 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1864 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1789 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
