I expect a move to the upside.
EUR/USD is trading uplifted today and surpassed the 1.1660 level. The short term outlook is positive and the 1.1690 mark looks more likely to be visited soon.
Eur/Usd recover to 1.1650 zone from a bearish opening, immediate resistance at 1.1690, bullish trend would resume if the pair recover beyond.
On the last Friday’s session the EURUSD went back and forward with a narrow range but closed in the middle of the daily range, in addition the currency pair managed to close above Thursday’s high, which suggests 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 the 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1624 (support), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
The single currency gained traction today and the EUR/USD pair moved higher, but however yet can’t fight the last week’s high. Indicators on the H4 chart are losing directional strength.
EUR/USD continues consolidating around 1.1660 - 1.1680 although both the doji and the hammer candlesticks on the weekly time-frame at the support at 1.1580 are signals for a likely move to the upside.
On yesterday session, the EURUSD initially fell but found enough support near the 10-day moving average to trim all of its losses and closed near the high of the day, however the currency pair managed to close within Friday’s range, which suggests being slightly on the bullish 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 the 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1630 (support), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
Though both these currencies are reasonably strong, against each other this chart is like two tired out heavy-weight fighters, leaning against each other while they catch a breath. Nothing here now for long-term trend-followers.
The euro registered a neutral session against the dollar on Monday. The single currency starts a new week without a substantial change in price. The pair stayed at the higher levels on Friday and if the bullish moods prevail again, the resistance at 1.1782 will be tested. Trading started at 1.1654, and the final was 12 pips higher. Peak for the day was reached at 1.1674.
Key levels to watch for:
Support: 1.1540; 1.1478;
Resistance: 1.1782; 1.1833;
EUR/USD finally broke out above the resistance at 1.1680 and it is still very bullish. A breakout above 1.1800 as well could lead to a further move to the upside towards 1.1870.
EUR/USD is stable around 1.80 handle today, but strong resistance comes at 1.1820 – 1.1830, where the pair failed to surpass multiple times in the past.
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 above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.2041, a Key level at 1.1880 (resistance), a daily resistance at 1.1829 (resistance), the 50-day moving average at 1.1750 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
EUR/USD bounced off from 1.1860. Now the question is whether this is the end of the move to the upside or the pair will break out above that level. A breakout could lead to a new rally to 1.1900 or even to 1.2000.
EUR/USD is rallying and is roughly 300 pips above lats week’s low. Short term it seems the bullish run is not over.
On yesterday session, the EURUSD tried to rally but found enough selling pressure to erase all of its initial 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 above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.2041, a Key level at 1.1880 (resistance), a daily resistance at 1.1829 (resistance), the 50-day moving average at 1.1745 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
EUR/USD bounced off from 1.1860 and considering the shooting star candlestick on the daily time-frame at that level it could retrace back to the support at 1.1670, but only a breakout below that level would mean that the overall move to the upside is over.
EUR/USD corrected lower today. All eyes on US tax reform vote tomorrow.
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 managed to close within Wednesday’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: daily resistance 1.2041, a Key level at 1.1880 (resistance), a daily resistance at 1.1829 (resistance), a daily support at 1.1753, the 50-day moving average at 1.1743 (support) and a key level at 1.1684 (support).
The euro fell slightly against the dollar on Thursday. So the pair stayed at the higher levels that were reached two days ago. If bulls prevail, the resistance at 1.1878 will be tested. Trading started at 1.1790 and the final was 21 pips down. The session was calm without significant price changes. The bottom of the day was hit at 1.1756.