On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above previous day 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: a daily resistance at 1.2115, other daily resistance at 1.2041, a Fibonacci retracement at 1.1995, other Fibonacci retracement at 1.1942 and the 10-day moving average at 1.1940 (support).
On yesterday session, the EURUSD fell with a narrow range but managed to close near the low of the day, however closed within previous day 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: a daily resistance at 1.2115, other daily resistance at 1.2041, a Fibonacci retracement at 1.1995, the 10-day moving average at 1.1955 (support) and other Fibonacci retracement at 1.1942.
EUR/USD is testing 1.2090 and it will either form a double top at that level or it will break out above it and continue moving to the upside towards 1.2200.
The single currency recorded an increase against the US dollar on Thursday. The session started at 1.2013 and ended 54 pips higher. Daytime extreme values ??were reached at 1,2004 and 1,2088 respectively. If the upward trend continues, we can expect a second resistance test at 1.2260.
On yesterday session, the EURUSD rose with a wide range and closed near the high of the day, in addition managed to close above Wednesday 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: a daily resistance at 1.2115, other daily resistance at 1.2041, a Fibonacci retracement at 1.1995, the 10-day moving average at 1.1978 (support) and other Fibonacci retracement at 1.1942.
On the last Friday’s session the EURUSD fell with a narrow range and closed near the low of the day, although the currency pair managed to close within Thursday’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: a daily resistance at 1.2115, other daily resistance at 1.2041, a Fibonacci retracement at 1.1995, the 10-day moving average at 1.1975 (support) and other Fibonacci retracement at 1.1942.
On yesterday session, the EURUSD dropped with a wide range and closed near the low of the day, in addition managed to close below Friday’s low, which suggests a strong bearish momentum.
The currency pair closed below the 10-day moving average that should now act as a dynamic resistance however is trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2115, other daily resistance at 1.2041, a Fibonacci retracement at 1.1995, the 10-day moving average at 1.2006 (resistance), a Fibonacci retracement at 1.1942 and other Fibonacci retracement at 1.1899.