1.17083 but it has to retrace first, probably to 1.17630 or even as much as 1.17734
On yesterday session, the EURUSD initially rose but found enough selling pressure near previous day high to reverse and managed to close near the low of the day, in addition, closed below Mondaysâ low, which suggests a strong 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, a daily support at 1.1753, the 10-day moving average at 1.1746 (support), a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509.
Hi. What site is this? Newbie here. Thank you.
There are major fundamentals coming out in less than half an hour and they will likely cause a lot of volatility. Iâve closed my positions.
On yesterday session, the EURUSD rallied with a narrow range and closed near the high of the day, however, closed within Tuesdaysâ 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), the 50-dat moving average at 1.1887 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1765 (support), a daily support at 1.1753, a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509.
The pair reached 1.1620 and it will likely continue falling, it may even break out below 1.1600.
Projection from Tuesday.
and the aftermath of FOMC etc. Got the retrace as expected and then some! Then the down as project but on steroids.
On yesterday session, the EURUSD dived with an extremely wide range and closed near the low of the day, in addition, managed to close below Wednesdayâs low, which suggests a strong bearish.
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, a daily resistance at 1.1753, the 10-day moving average at 1.1742 (resistance), a key level at 1.1684 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
Euro headed to its worst 11 âmonth low following a cautious stance from ECB to keep its interest rate lower at least by 2019 summer, indicating the looming Euro zone economy. The single currency is trading at the level of 1.15710, flat to positive. On Thursday, Euro spiked to a month high at 1.18517 on the expectation that ECB may announce to stop QE program but Euroâs bull retreated after its cautious stance on the economy and slid nearly by 1.93%. Euro-zone economic indicators that came in line with expectations could not provide any cushion to the single currency. Investors remain cautious ahead of Euro-zone CPI , WPI and trade balance to be unveiled today. We expect a relief rally from its 9 week low of 1.15420 to 1.1650 levels today as almost all the bad news priced in for the time being.
The pair found some support at 1.1545 after yesterdayâs major move to the downside but next week it may continue falling.
EUR/USD closed the week steady around 1.1600, but the risk to the dowside remians still valid.
Eur/Usd starts the week with a small gap down in H4 chart, consolidation seems to continue, downside capped limit.
EUR/USD is consolidating after the big move to the downside last week, next target is likely at 1.1630.
The pair bounced off from 1.1530 but the move to the downside may not be over yet. If it continues there will probably be a breakout below 1.1500.
EUR/USD manages to hold above the yearly low but yet remains capped by th 1.1600 handle. However the pair is vulnerable for further decline if closes below mid 1.15s.
The pair is still consolidating sideways above 1.1530, but the move to the downside will likely continue.
During recent days the EUR/USD set daily lows around 1.1530 - 1.1540 area, which proovided so far first support. The bearish pressure today is pushing the pair lower so I expect test of next support at 1.1510, which if broken to below opens door to last yearâs lows around 1.1480 - 1.1420.
It bounced off from 1.1505 due to the fundamentals and it may continue rising towards 1.1670.
On this week, we can see if eurusd on daily range movement, which after previous week this pair move to bearish strong, then moved up and down again on range daily, at last night this pair figure out bullish on H1, today morning this pair move slow motion to an upside, but if look on pattern candlestick at H1, now area on resistance which may be a consideration if later movement bounce to bearish again
Itâs testing the resistance at 1.1675, a breakout above that level could lead to a further move to the upside towards 1.1800.