Eur/Usd is trading almost flat around 1.165 level, fear of the trade war escalating would put the pair at risk of resume its downward movement. Immediate suport can be found at 1.1620.
On the last Friday’s session, the EURUSD rallied with a narrow range and closed near the high of the day, in addition, managed to close above Thursday’s 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, a daily resistance at 1.1753, a key level at 1.1684 (support), the 10-day moving average at 1.1614 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
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The pair did break out above 1.1675 and the move to the upside once it breaks out above 1.1700 too will likely continue.
On yesterday session, the EURUSD initially fell but found enough support near 10-day moving average to erase all of its losses and closed near the high of the day, in addition, managed to close above Friday’s 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, a daily resistance at 1.1753, a key level at 1.1684 (support), the 10-day moving average at 1.1625 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The pair is consolidating above the double bottom at 1.1510 and it may test that level for a third time.
On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, however, managed to close within Mondays’ 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 resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1627 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
EUR/USD is still slowly moving to the downside toward 1.1510, a triple bottom at that level may lead to a significant move to the upside.
On yesterday session, the EURUSD dropped 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 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, a key level at 1.1684 (resistance), the 10-day moving average at 1.1627 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The pair formed a triple bottom at 1.1510, the question is whether it will bounce off from that support 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, managed to close within Wednesday’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, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1618 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
EUR/USD is trading around 1.1670, stable after the migration deal at the European summit. Further up moves will open doors for testing 1.1700 area.
The sideways consolidation above 1.1510 continues and likely will last into next week.
Eur/Usd upside movement seems dry up, but downside seems limited too ahead of US nonfarm payrolls. Resistance can be found at 1.169 and follow by 1.172, on the opposite side, immediate support around 1.162 and follow by 1.150/55.
On the last Friday’s session, the EURUSD rallied with a wide range and closed near the high of the day, in addition, managed to close above Thursday’s high, which suggests a strong bullish momentum.
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, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1638 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
There may be yet another attempt to break out below 1.1510, the question is whether the pair will finally succeed in doing that.
On yesterday session, the EURUSD initially fell but found enough support near 1.1600 handle to trim some of its losses 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 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 resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1624 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The sideways consolidation above 1.1500 continues for now and it may last until the fundamentals later this week.
On yesterday session, the EURUSD rose with a narrow range and closed near the high of the day, however, managed to close 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, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1642 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
EUR/USD is calmly trading around 1.1650 along with the US holiday mood. Meanwhile the 1.1620 remains strong support, which according to the indicators on H4 might be soon tested.