On yesterday session, the EURUSD initially fell but found enough support near Fridays open to trim most of its losses and closed near the high of the day, in addition managed to close within Friday’s range, which suggests being slightly on the bullish side of neutral.
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 key level at 1.2367 (resistance), a daily support at 1.2287, the 50-day moving average at 1.2298 (support), the 10-day moving average at 1.2292 (support), a daily support at 1.2200 and daily support at 1.2115.
The euro recorded a modest rise against the US dollar on Monday. The currency pair opened at 1.2330 and ended at 1.2335. In a case of break of the resistance at 1.2348, the price should test 1.2393. If the euro turns the direction, the first support, it will be at 1.2250.
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Mondays’ 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 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (support), a daily support at 1.2287, the 10-day moving average at 1.2313 (support), the 50-day moving average at 1.2308 (support), a key level at 1.2165 (support).
EUR/USD turned bearish and again is hovering around the 1.24 hurdle which will be broken to the dowside very soon and next targer for the bears is seen at 1.2350.
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 Tuesdays’ range, which suggests being clearly neutral, neither side is showing control as traders wait for ECB signal that QE is less needed.
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 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (support), a daily support at 1.2287, the 10-day moving average at 1.2324 (support), the 50-day moving average at 1.2318 (support), a key level at 1.2165 (support).
EUR/USD reversed sharply after Draghi’s press conference and marked daily low at 1.2303. Now the 1.23 area is critical for the pair as it’s acting as immediate support. In case of breaking it to below next target for the bears will be 1.2280.
On yesterday session, the EURUSD initially rose but found enough resistance at 1.2432 to trim all its gains and closed near the low of the day with a wide range, in addition managed to close below Wednesday’s low, which suggests a strong bearish momentum.
The currency pair closed below the 10 and the 50-day moving averages that should act as dynamic resistances, however is still trading above the 200-day moving average that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2323 (resistance), the 10-day moving average at 1.2314 (resistance), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
On the last Friday’s session, the EURUSD went back and forward without any clear direction in addition closed in the middle of the daily range, however managed to close within Thursday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10 and the 50-day moving averages that should act as dynamic resistances however is still trading above the 200-day moving average that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 10-day moving average at 1.2336 (resistance), the 50-day moving average at 1.2331 (resistance), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The pair is still consolidating but last Friday it also formed a spinning top candlestick on the daily time-frame at 1.2270 so there may be a move to the upside.
The euro marked a neutral session against the dollar on Friday. The single currency remained at the lower levels it reached the day before, but short-term expectations are still in its favor. If they are justified, the resistance at 1.2446 will be tested. Trading began Friday at 1.2310 and the final was 4 pips down. At first the bearish moods prevailed and so the pair hit the bottom at 1.2272.
On yesterday 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 within Friday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 10 and the 50-day moving averages that should act as dynamic resistances however is still trading above the 200-day moving average that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 10-day moving average at 1.2341 (resistance), the 50-day moving average at 1.2333 (resistance), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
EUR/USD is flirting with 1.24 level amid the shift of the Secretary Of State in US. Technical indicators on H4 are accelerating and bulls are aiming the resistance at 1.2420.
south for the long haul.