The pair is very bullish after bouncing off from 1.2215, next target is likely 1.2300.
On the last Fridayâs session, the EURUSD initially fell but found enough buying pressure to reverse and managed to close near the high of the day, although closed within Thursdayâs range, which suggests being slightly on the bullish side of neutral.
The currency pair trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is 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 1.2326 (resistance), the 10-day moving average at 1.2287 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
EUR/USD broke out above 1.2300 and it may continue rising towards 1.2350.
On yesterday session, the EURUSD initially fell but found enough buying pressure to trim all its losses 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 trading below the 50-day moving average that should provide dynamic resistance however, it is trading above the 10 and 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 1.2335 (resistance), the 10-day moving average at 1.2294 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The single currency recorded a positive session against the US dollar on Monday. The currency pair opened at 1.2283 and the price bounced from the first support at 1.2260. After all, the euro ended at 1.2320 and if bullish sentiment continues, perhaps there will be a resistance test at 1.2370.
EUR/USD
Key levels to watch for:
Support: 1.2260; 1.2070;
Resistance: 1.2370; 1.2560;
The pair is still quite bullish despite bouncing off from 1.2380. There will be a confirmation for a further move to the upside, however, if there is a breakout above the aforementioned resistance at 1.2380.
On yesterday session, the EURUSD went back and forward without any clear direction but managed to close near the high of the day, in addition closed above Mondaysâ 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 (resistance), the 50-day moving average at 1.2331 (support), the 10-day moving average at 1.2302 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
EUR/USD is consolidating sideways, undoubtedly in waiting for the major fundamentals that should be released in less than two hours. I wonât be trading it until then.
On yesterday session, the EURUSD initially rose but found enough selling pressure to trim most of its gains but closed in the green, in the middle of the daily range, in addition managed to close within Tuesdaysâ range, which suggests being clearly neutral, neither side is showing control.
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 (resistance), the 50-day moving average at 1.2330 (support), the 10-day moving average at 1.2302 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The pair bounced off from the support at 1.2300, the question now is whether it will be able to break out below it eventually. If it does it could continue falling towards 1.2220.
On yesterday session, the EURUSD fell with a wide range but found enough support near the 10-day moving average to trim some of its losses although closed near the low of the day, in addition managed to close below Wednesdayâs low, which suggests a bearish momentum.
The currency pair trading below the 50-day moving average that should provide dynamic resistance however, it is trading above the 10 and 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 1.2330 (resistance), the 10-day moving average at 1.2305 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
EUR/USD is consolidating above 1.2300 and there likely wonât be a breakout below that level before next week.
EUR/USD is about to close the week above 1.2300 but yet remains moving sideways without clear direction.
On the last Fridayâs session, the EURUSD went back and forward without any clear direction but closed 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 trading below the 50-day moving average that should provide dynamic resistance however, it is trading above the 10 and 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 1.2328 (resistance), the 10-day moving average at 1.2304 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
There is a double top at 1.2395, there may be a new move to the downside back towards 1.2300.
On yesterday session, the EURUSD rallied with a wide 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 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 (resistance), the 10-day moving average at 1.2334 (support), the 50-day moving average at 1.2323 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The pair only reached 1.2335 before bouncing off to the upside, the sideways consolidation continues for now.
On yesterday session, the EURUSD went back and forward without any clear direction but closed in the middle of the daily range, in addition closed within Mondaysâ range, which suggests being clearly neutral, neither side is showing control.
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 (resistance), the 10-day moving average at 1.2341 (support), the 50-day moving average at 1.2322 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The sideways consolidation is getting tighter and tighter, but so far there is no signal for a likely breakout in either direction.