There likely won’t be any new major moves in either direction before the FOMC news this week.
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 Tuesdays’ 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), the 50-day moving average at 1.1710 (resistance), a key level at 1.1684 (resistance), the 10-day moving average at 1.1644 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The pair is moving to the downside towards 1.1650 and it may break out below it to continue falling towards 1.1600.
On yesterday session, the EURUSD rose with a wide range but found enough resistance at the 50-day moving average to trim some of its gains and closed in the middle of the daily range, in addition, managed to close 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, a daily resistance at 1.1753), the 50-day moving average at 1.1707 (resistance), a key level at 1.1684 (resistance), the 10-day moving average at 1.1645 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
EUR/USD rallied today due to the fundamentals and next week it may reach 1.1800.
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 is trading above the 10-day moving average and has close above the 50-day moving average, both should provide a dynamic support, nonetheless, it continues to trade below 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 50-day moving average at 1.1701 (support), a key level at 1.1684 (resistance), the 10-day moving average at 1.1680 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
Eur/Usd upside momentum remains strong, currently trading around 1.177/78 region, next important resistance is at 1.180 level.
The pair is testing the resistance at 1.1800 and it may break out above it soon.
On yesterday session, the EURUSD initially rallied but found enough selling pressure near 1.1790 to trim all of its gains and closed near the low of the day, 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 and has close above the 50-day moving average, both should provide a dynamic support, nonetheless, it continues to trade below 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 50-day moving average at 1.1701 (support), a key level at 1.1696 (resistance), the 10-day moving average at 1.1696 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
EUR/USD formed a shooting star candlestick at 1.1800 on the daily time-frame, it may bounce off from it after all.
On yesterday session, the EURUSD initially fell but found enough support on the confluence of the 10 and the 50-day moving averages to reverse nonetheless 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 and has close above the 50-day moving average, both should provide a dynamic support, nonetheless, it continues to trade below 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 1.1700 (support), the 50-day moving average at 1.1693 (support), a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
EUR/USD marked session top at 1.1760 but retreated to the comfortable 1.1740 area. Bulls are a bit tired so during next few hours it’s not expected any marginal change.
The pair bounced off from 1.1800 again and it will likely fall towards 1.1600.
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 closed below the 10 and the 50-day moving averages, both should provide a dynamic resistance, nonetheless, it continues to trade below 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 1.1696 (resistance), the 50-day moving average at 1.1688 (resistance), a key level at 1.1684 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
It found some support at 1.1695 but it may continue moving to the downside towards 1.1600.
EURUSD sellers have upper hand for the last 3 days in EURO. Now it’s approaching a crucial support area of 1.6340. Below 1.6340 more selling will take the pair to 1.1630 and 1.5950. If the pair takes the support at 1.6340 then we may see a profit booking in shorts but it can be a temporary pullback up to 1.16660. We expect more selling pressure in the pare later in the day.
On yesterday session, the EURUSD went back and forward without any clear directions, although closed in the middle of the daily range, in addition, managed to close within Wednesday’s range, which suggests being clearly neutral.
The currency pair closed below the 10 and the 50-day moving averages, both should provide a dynamic resistance, nonetheless, it continues to trade below 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 1.1694 (resistance), the 50-day moving average at 1.1684 (resistance), a key level at 1.1684 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The consolidating is getting tighter, but it likely won’t end before next week.
EUR/USD closed at 1.1675 with indicator showing good upward strength. I expext bulls to re-take th 1.1700 level.
The pair is trading almost flat around 1.1685 level, well within the range between 1.1610 to 1.1687. Break out is needed to show any directional strength.