Additonal declines are expected towards 1.1875 in case the pair returns back to test the 50% Fibo, at 1.1915.
On yesterday session, the EURUSD fell again but this time with a narrow range and closed near the low of the day, in addition managed to close below Mondays’ 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 (resistance), the 10-day moving average at 1.2006 (resistance), a Fibonacci retracement at 1.1942 (support) and other Fibonacci retracement at 1.1899 (support).
EUR/USD bounced off from 1.1915 although there will likely be another attempt to break out below that level considering how bearish the pair is again.
On yesterday session, the EURUSD initially rallied with a wide range but found enough resistance near the 10-day moving average to erase most of its gains and closed near the low of the day, however closed within Tuesdays range, which suggests being slightly on the bearish side of neutral.
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 (resistance), the 10-day moving average at 1.2000 (resistance), a Fibonacci retracement at 1.1942 (support) and other Fibonacci retracement at 1.1899 (support).
Eurusd currently on low movement, look on daily timeframe figure out doji candle with bearish pressure, reading news calendar economy today, there are news high impact PPI, my scenario if price break low 1.9154 hence will possible trend bearish still continue, these area included support area
EUR/USD broke out above 1.2020 today but the pair also formed a shooting star candlestick at 1.2060 on the four-hour time-frame, so a new drop is likely.
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Wednesdays 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 (resistance), the 10-day moving average at 1.2021 (support), a Fibonacci retracement at 1.1942 (support) and other Fibonacci retracement at 1.1899 (support).
One deep breath in the form of Angela Merkel just supplied, now to watch for support.
Good to see some Eur/Gbp strength despite the cable buying.
Look on the chart today movement, although news CPI not yet released also Core CPI but pair eurusd already move strong trending up, daily candle occured long body candle continued previous trend which also included strong trending market
EUR/USD finally broke out above 1.2090 and it is still moving to the upside. The next target is likely around 1.2200.
EUR/USD marked highest level for the last three years. Expecting contunuation of the bullish run.
Exciting week ahead, the move on Friday was massive.
Eur/Usd would have a chance to consolidate during US’s holiday on Monday while bulls remain strong. There is still room on the upside despite the pair being in overbought territory short-term. My next target is at 1.2220.
On the last Friday’s session the EURUSD sky-rocket with an extreme wide range and closed near the high of the day, in addition the currency pair managed to close above Thursday’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: a daily resistance at 1.2432, other daily resistance at 1.2287, a daily support at 1.2126 (resistance), the 10-day moving average at 1.2066 (support) and a daily support at 1.2041 (support).
EUR/USD is very bullish - it broke out above 1.2200 and continued moving to the upside. Next target is likely around 1.2300.
On yesterday session, the EURUSD rallied again but this time with a narrow range and closed near the high of the day, in addition managed to close above Friday’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: a daily resistance at 1.2432, other daily resistance at 1.2287, a daily support at 1.2126 (resistance), the 10-day moving average at 1.2085 (support) and a daily support at 1.2041 (support).
EUR/USD reached 1.2300 and bounced off from it, retracing back to 1.2195. The pair is still bullish, so the question is whether or when there will be a breakout above 1.2300.
On yesterday session, the EURUSD initially fell but found enough buying pressure near Monday’s session to reverse and managed to close near the high of the day, although closed within Mondays’ 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: a daily resistance at 1.2432, other daily resistance at 1.2287, a daily support at 1.2126 (resistance), the 10-day moving average at 1.2106 (support) and a daily support at 1.2041 (support).
The pair’s sideways consolidation continues for now, there will likely be another move to the upside towards 1.2300.
On yesterday session, the EURUSD initially rallied with a wide range but found enough selling pressure near 1.2320 to erase most of its gains and closed near the low of the day, in addition managed to close below Tuesdays’ low, which suggests a strong bearish 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 1.2432, other daily resistance at 1.2287, the 10-day moving average at 1.2120 (support), a daily support at 1.2115 and a daily support at 1.2041 (support).