On yesterday session, the EURUSD again went back and forward without any clear direction but closed in the green, 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.
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 1.2352 (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).
On yesterday session, the EURUSD initially tried to rise but found enough selling pressure near 1.2400 to erase all of its gains and managed to close near the low of the day, although closed within Wednesday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however, the currency pair is trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 10-day moving average at 1.2351 (resistance), 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).
It bounced off from 1.2250 and formed a clear hammer candlestick on the four-hour time-frame at that level, this may be the end of the move to the downside.
Eur/Usd is consolidating between 1.2300 to 1.2240 while the bearish potential is still quite clear, break the range below would confirm further downside.
On the last Friday’s session, the EURUSD dived with a wide range but found enough buying pressure to trim some of its losses and closed in the middle of the daily range, although managed to close below Thursday’s range, which suggests a bearish momentum.
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: daily resistance at 1.2432, a key level at 1.2367 (resistance), the 10-day moving average at 1.2326 (resistance), the 50-day moving average at 1.2320 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
On yesterday session, the EURUSD fell with a wide range 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 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: daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2318 (resistance), the 10-day moving average at 1.2311 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
On yesterday session, the EURUSD initially fell but found enough buying pressure near 1.200 handle to trim all of its losses and closed near the high of the day, although closed within Mondays’ 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: daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2317 (resistance), the 10-day moving average at 1.2302 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Tuesdays’ low, which suggests a strong bearish momentum.
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: daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2315 (resistance), the 10-day moving average at 1.2283 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The pair tested major support but succeeded to bounce and currently is trading slightly above it at 1.2106. The 1.2100 level is considered as extremely significant due to the fact that it represents highs from 2015 and 2017. On one hand this cound be good tirning point with possible further move towards 1.2155 and then 1.2200. But on the other hand breaking below it would open doors for steeper decline with initial target the psychological 1.2000 handle.
On yesterday session, the EURUSD initially tried to rise but found enough selling pressure near 1.2210 to erase all of its gains and managed to close near the low of the day, in addition closed below Wednesday’s range, which suggests a strong bearish momentum.
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: daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2311 (resistance), the 10-day moving average at 1.2246 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
While the bearish trend remains strong, Eur/Usd corrective movement might continue between 1.2050 to 1.2200. The pair facing challenges this week, watch out US PCE inflation, Fed meeting and Nonfarm Payroll.