The pair fell all the way to 1.2315 before bouncing off from that support and is now back around 1.2380. The sideways consolidation continues for now.
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 Mondaysâ range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading 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 1.2415 (resistance), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
The single currency recorded a volatile session against the dollar on Tuesday. Finally, the opening price was close to the closing price of 1.2366 and 1.2375, respectively. At first the bullish moods prevailed, but after reaching peak at 1.2433 the direction changed. So the difference between the highest and the lowest value for the day was 120 pips. Meanwhile, support at 1.2332 was broken.
Key levels to watch for:
Support: 1.2332; 1.2249;
Resistance: 1.2539; 1.2594;
The pair broke out below 1.2315 and the move to the downside continues, next target will likely be at 1.2250.
EUR/USD continued to show weakness today and broke 1.23. Now bears are aiming another round number and will test 1.22 very soon.
On the last Fridayâs session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Tuesdaysâ low, which suggests a strong bearish momentum.
The currency pair is trading 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 1.2383 (resistance), a daily resistance at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
The pair is consolidating sideways above 1.2220 but the move to the downside will likely continue. The question is whether it will break out below 1.2200.
On yesterday session, the EURUSD went back and forward without any clear direction, and closed near in the middle of the daily range, in addition managed to close within Wednesdayâs range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading 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 1.2372 (resistance), a daily resistance at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
Interesting to see what the next week brings. Iâm bullish on USD.
The pair is still consolidating around 1.2220 but it may have formed a double bottom at that level so next week there could be a move to the upside.
On the last Fridayâs session, the EURUSD went back and forward without any clear direction, and closed near in the middle of the daily range, in addition managed to close within Thursdayâs range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading 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 1.2342 (resistance), a daily resistance at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
I think the EUR/USD is now dependent on how the US stock market correction goes from here. If the market continues the uptrend, we could see the dollar appreciate to what is my long entry at 1.2050.
EUR/USD is still stuck in a sideways consolidation although it has repeatedly tested the resistance at 1.2300. A breakout above it could lead to a further move to the upside towards 1.2330 - 1.2340.
Since last Wednesday the EUR/USD is trading within tight range. The upside remains capped by the 1.23 level and despite the short term neutral outlook, the risk leans toward the downside.
On yesterday session, the EURUSD initially rose with a narrow range and closed near the high of the day, in addition managed to close above Fridayâs high, which suggests a strong bullish momentum.
The currency pair is trading 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 1.2326 (resistance), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
EUR/USD broke out above 1.2340 and it continues moving to the upside, its closest target is likely at 1.2400.
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Mondaysâ high, which suggests a strong bullish momentum.
The currency pair closed above the 10-day moving average that should provide dynamic support and is also 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 1.2318 (support), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.
It broke out above 1.2400 and it is still rising, the next target will probably be around 1.2450 or even 1.2500.
On the last Fridayâs session, the EURUSD initially fell but found enough support at 1.2287 to trim all of its losses and closed near the high of the day, in addition managed to close above Tuesdaysâ high, which suggests a strong bullish momentum.
The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, daily support at 1.2432, the 10-day moving average at 1.2334 (support), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.