Eur/Usd took a pause on the bearish trend, correction movements continue just below 1.17 level. The pair is not showing any clear direction while the market is facing trade war tensions.
On the last Friday’s session, the EURUSD went back and forward without any clear direction but closed in the red, in the middle of the daily range, in addition, managed to close within Thursday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair closed below the 10-day moving average that should provide a dynamic resistance, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1660 (resistance), a daily support at 1.1555 and other daily support at 1.1460.
The pair bounced off from 1.1745, there may be a new move to the downside towards 1.1700.
Shall we play a game?
1.1850 this week, Let’s see what happens
On yesterday session, the EURUSD initially tried to rally but found enough resistance near 1.1753 to erase some of its gains and closed in the middle of the daily range, in addition, managed to close within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair closed above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily resistance at 1.1753, a key level at 1.1684 (support), the 10-day moving average at 1.1659 (support), a daily support at 1.1555 and other daily support at 1.1460.
M1 s/r at 1640, W1 s/r at 1708. Bouncing between the two, If it hits 1620 then it may not get to 18 by end of week. Will be interesting to see it’s behavior at the fix. Big weekly peenbah last week but could break down. So current status is wait and see.
Edit… didn’t have to wait very long to see longs are the way to go. 1.1850 well within reach. That wraps it up for me in this thread. Seems like it’s only for talking about what E/U has done in the past not where it’s likely to go so getting close to target at 1850 pull stops in close.
The pair has formed a shooting star candlestick on the daily time-frame below the resistance at 1.1745. There may be a new move to the downside.
EUR/USD marked daily high at 1.1731 and stalled around the 38.2% Fibo. Technical indicators in the four hour time frame entered positive territory and are showing strong upward strength. The Friday’s high at 1.1744 is now main bullish target which once conquered will resume the uptrend.
On yesterday session, the EURUSD initially fell but found enough support near the 10-day moving average to reverse and managed to close near the high of the day, however, closed within Mondays’ range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily resistance at 1.1753, a key level at 1.1684 (support), the 10-day moving average at 1.1670 (support), a daily support at 1.1555 and other daily support at 1.1460.
The retracement continues for now, next target is likely at 1.1800 but whether there will be a breakout above that level remains to be seen.
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On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition, managed to close above Tuesdays’ high, which suggests a strong bullish momentum.
The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily support at 1.1753, the 10-day moving average at 1.1685 (support), a key level at 1.1684 (support), a daily support at 1.1555 and other daily support at 1.1460.
The pair is testing the resistance at 1.1840, next target will likely be around 1.1900.
On yesterday session, the EURUSD initially tried to rally but found enough resistance at 1.1829 to trim most of its gains and closed in the middle of the daily range, in addition, managed to close slightly above Wednesday’s high, which suggests a bullish momentum.
The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily support at 1.1753, the 10-day moving average at 1.1699 (support), a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509.
The pair formed a shooting star candlestick at 1.1840 on the daily time-frame, now the question is whether this is the end of the move to the upside.
Eur/Usd correction movement seems to continue, the upside is limited. Immediate resistance can be found at 1.1800 psychological handle.
On the last Friday’s session, the EURUSD fell with a wide range but found enough buying pressure to trim some of its losses although closed in the red, in the middle of the daily range, in addition, managed to close below Thursday’s range, which suggests a bearish momentum.
The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily support at 1.1753, the 10-day moving average at 1.1734 (support), a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509.
EURUSD could not sustain above last Friday’s high and trading near its short term upward trend line today. If it starts trading below the trend line then we may see some retracement below 1.1785 levels up to 1.1770. But on the upside the pair will face hurdle around 1.18275 to 1.18455 area and if it crosses that level we see 1.1900 to 1.19450 levels. For the day traders must watch 1.1785 levels closely below that we can see 1.1770 and 1.1745. And sustenance above 1.1800 levels will take the pair to 1.1815 and 1.18300
The pair is consolidating sideways for now, which is unsurprising considering all the fundamentals this week.
On yesterday session, the EURUSD initially tried to rally but found enough resistance near 1.1829 to erase some of its gains and closed near the low, however, managed to close within Friday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1742 (support), a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509.
It’s testing the support at 1.7550, if it breaks out below that level it may continue falling towards 1.1700 again.