The euro recorded a slight decline against the dollar on Friday. The decrease was low and so the pair remained at the level of the last two days. If the bearish moods prevail, support at 1.2231 will be pierced. The session started at a rate of 1.2329 and the single currency lost 35 pips to the final. The bottom of the day was hit at 1.2279.
Interesting levels to watch for:
Support: 1.2231; 1.2165;
Resistance: 1.2453; 1.2556;
EUR/USD is consolidating sideways around 1.2300, if it breaks out below that level it will probably continue falling towards 1.2230.
On yesterday session, the EURUSD initially rallied but found enough resistance at the 10-day moving average to trim half of its gains and closed in the middle of the daily range, in addition managed to close within Fridayâs 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 1.2572, daily resistance at 1.2432, the 10-day moving average at 1.2339 (resistance), a daily support at 1.2287, the 50-day moving average at 1.2268 (support), a daily support at 1.2200 and other daily support at 1.2115.
EUR/USD is trading within narrow range, defined by the 100-day SMA around 1.2340 and the 20-day SMA at 1.2310. The pair is on wait and see mode ahead of Fed Powellâs testimony.
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as expected the bottom fell out 
:
It did reach 1.2230 and even lower than that and it is still quite bearish. It will likely test the support at 1.2200 next.
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Mondaysâ low, which suggests a strong bearish momentum.
The currency pair closed below the 50-day moving average and is trading below the 10-day moving average both should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2432, the 10-day moving average at 1.2339 (resistance), a daily resistance at 1.2287, the 50-day moving average at 1.2268 (resistance), a daily support at 1.2200 and other daily support at 1.2115.
EUR/USD shows hesistation at the support area 1.2205 â 1.2170. The post-Powell sentiment prevail and if bears found no reason to feel comfortable in this zone, may try to move to the south by testing the Januaryâs low at 1.2164 which if broken will provide next target at 1.2100.
The pair is testing the support at 1.2200 and it may break out below that level. If it does it will likely reach 1.2164, indeed. There may even be a further move to the downside.
On yesterday session, the EURUSD fell with a narrow 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 now trading below the 10 and the 50-day moving averages both should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2432, the 10-day moving average at 1.2285 (resistance), a daily resistance at 1.2287, the 50-day moving average at 1.2272 (resistance), a daily resistance at 1.2200 and daily support at 1.2115.
Eur/Usd has extended its fall to immediate support zone around 1.21630/20, break through the area would accelerate towards next handle at 1.2100.
The pair bounced off from 1.2155 and is currently moving to the upside, next target will be likely at 1.2240 which is the (MA)89 indicator on the one-hour time-frame.
On yesterday session, the EURUSD initially fell but found enough buying pressure at 1.2154 to trim all its losses and closed near the high of the day, in addition managed to close above Wednesdayâs high, which suggests a strong bullish momentum.
The currency pair is now trading below the 10 and the 50-day moving averages both should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2432, a daily resistance at 1.2287, the 50-day moving average at 1.2280 (resistance), the 10-day moving average at 1.2279 (resistance), a daily support at 1.2200 and daily support at 1.2115.
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EUR/USD broke out above 1.2300 again and is still bullish for now, next target is probably around 1.2350.
Seeing some green in the closing hours of the session.
The week starts with a small gap up, the gap is not yet recovered.
On the last Fridayâs session, the EURUSD rose with a narrow range and closed near the high of the day, however managed to close above Thursdayâs 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 1.2432, a daily resistance at 1.2287, the 50-day moving average at 1.2291 (support), the 10-day moving average at 1.2289 (support), a daily support at 1.2200 and daily support at 1.2115.
The pair is still testing the resistance at 1.2350 and it may bounce off from it after all. If it does it will likely fall back to 1.2300.