EUR/USD is testing Wednesday’s lows and correction might continue towards 1.2320 – 1.1230 area.
EUR/USD formed another shooting star candlestick below the resistance at 1.2535 on the daily time-frame before continuing to move to the downside. The closest target is likely at 1.2300.
On yesterday session, the EURUSD initially fell with a narrow range but found enough support at 10-day moving average to trim half of its losses but closed in the middle of the daily range, in addition managed to close within Friday’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: a daily resistance at 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2345 (support), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
The pair bounced off from 1.2335 after forming a double bottom at that level. It is currently testing the resistance at 1.2450, a breakout above it could lead to a further move to the upside towards 1.2500.
On yesterday session, the EURUSD went back and forward without any clear direction, and closed in the middle of the daily range, in addition managed to close within Mondays’ 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: a daily resistance at 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2367 (support), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
The sideways consolidation continues for now, the pair bounced off from 1.2475 after forming a shooting star candlestick on the one-hour time-frame and it will likely fall back to 1.2400 again.
The single currency recorded a modest rise over the US dollar on Wednesday. Session started at 1.2401 and finished only 11 pips higher. Daytime extreme values ??were reached at 1.2473 and 1.2386 respectively. In the short term, the outlook remains positive, and the immediate target is 1.2560.
Key levels to watch for:
Support: 1.2370; 1.2260; 1.2070;
Resistance: 1.2560;
On the last Friday’s session, the EURUSD initially tried to rally but found enough selling pressure at 1.2475 to most of its gains and closed near the low of the day, however managed to close within Tuesdays’ 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 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2382 (support), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
On Thursday, the dollar slightly rose in price against other major currencies, receiving support as a result of a positive statement by the Fed, made on Wednesday after the results of its meeting. The euro fell: EUR/USD dropped 0.10% to 1.2400.
The pair bounced off from 1.2385 earlier today and it is still moving to the upside. The next target is likely 1.2500 again.
EUR/USD is pressuring 1.2500 area ahead of NFP. A key resiatnce is seen at 1.2535, a multi years high, and in case of breaking this level on poor US data, the pair more likely will test 1.2600 before closing the week.
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Wednesday’s high, which suggests a strong bullish momentum. However, it is at all times high so caution to the upside is advised.
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 1.2576, other daily support at 1.2432, the 10-day moving average at 1.2410 (support), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
1 Like
I’m bearish on the pair for the mid term. Possible target 1.20.
US dollar’s bulls are gaining strength on better than expected data. EUR/USD is falling and immediate support at 1.2400 will be tested.
The pair is bullish again indeed, but the sideways consolidation still continues despite the fundamentals today. There likely won’t be a breakout above 1.2520 before next week.
The pair starts the week with a bearish gap but almost recovered.
On the last Friday’s session, the EURUSD initially fell with a narrow range but found enough support near the 10-day moving average to trim half of its losses and closed in the middle of the daily range, in addition the currency pair managed to close within Thursday’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: a daily resistance at 1.2576, other daily support at 1.2432, the 10-day moving average at 1.2427 (support), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
1 Like
EUR/USD is testing the support at 1.2400 once again, a breakout below it will probably lead to a further move to the downside towards 1.2370 - 1.2360.
On yesterday session, the EURUSD initially rose with a narrow range but found enough selling pressure to trim all of its gains 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 provide 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 1.2576, other daily resistance at 1.2432, the 10-day moving average at 1.2421 (resistance), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.