On yesterday session, the EURUSD initially rallied but found enough selling pressure near Wednesday open 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 below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, daily resistance at 1.1459, the 10-day moving average at 1.1440 (resistance), pennant projected target 1.1280 (support) and other daily support at 1.1236.
EUR/USD closed lower for a second consecutive day Friday, as the extreme overbought conditions together with some positive risk-related headers brought the chance for profits. The pair closed at 1.1437, slightly up on weekly basis, but reversing a three-week losing streak and after bottoming at 1.1300. Technically the pair is in corrective mode and yet far from bullish stance.
EURUSD trading at its double top area and faces some resistance at 1.15366. we can see lot of momentum in this pain but if it sustain above the 1.15366 level then only we can see more upside in the US hours. If It breaches that level with volume then we can see 1.15570 and 1.15810 otherwise we can expect a sharp fall till 1.154930
Eur/Usd bulls seem limited to around 1.1730 level, but maybe it is too soon for downward correction movements. Immediate resistance is at 1.1745/50 zone.
On the last Friday’s session, the EURUSD fell with a wide range and close near the low of the day, in addition, managed to close below Thursday’s range, 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: Daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1634 (resistance), the 50-day moving average at 1.1605 (resistance), a daily support at 1.1555, other daily support at 1.1459.
On yesterday session, the EURUSD rallied with a narrow range and closed near the high of the day, however, closed within Friday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair closed above the 50-day moving average, that should provide a dynamic support, nonetheless, it continues to trade below the 10 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1636 (resistance), the 50-day moving average at 1.1602 (support), a daily support at 1.1555, other daily support at 1.1459.
On yesterday session, the EURUSD initially fell but found enough support near 1.1555 to trim some of its losses and closed in the middle of the daily range, in addition, managed to close below Mondays’ low, which suggests a bearish momentum.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1632 (resistance), the 50-day moving average at 1.1598 (resistance), a daily support at 1.1555, other daily support at 1.1459.
On yesterday session, the EURUSD initial fell but found enough buying pressure to reverse 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 closed above the 50-day moving average, that should provide a dynamic support, nonetheless, it continues to trade below the 10 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1638 (resistance), the 50-day moving average at 1.1597 (support), a daily support at 1.1555, other daily support at 1.1459.
On yesterday session, the EURUSD went back and forward without any clear direction and 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 above the 50-day moving average, that should provide a dynamic support, nonetheless, it continues to trade below the 10 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1635 (resistance), the 50-day moving average at 1.1597 (support), a daily support at 1.1555, other daily support at 1.1459.
Strong US dollar sent Eur/Usd further down to 1.155 level, the pair’s upside is limited to 1.165 level, on the downside, extend decline only can be confirmed if there is break below the support level at 1.1520/25.
On the last Friday’s session, the EURUSD dived with a wide range and close near the low of the day, in addition, managed to close below Thursday’s low, which suggests a strong bearish momentum.
The currency pair closed below the 50-day moving average, that should provide a dynamic resistance, nonetheless, it continues to trade below the 10 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1598 (resistance), the 50-day moving average at 1.1590 (resistance), a daily support at 1.1555, other daily support at 1.1459.
On yesterday session, the EURUSD tried to fell but found enough support to rally back up and closed near the high of the day, however, closed within Friday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair closed above the 50-day moving average, that should provide a dynamic support, nonetheless, it continues to trade below the 10 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1593 (resistance), the 50-day moving average at 1.1589 (support), a daily support at 1.1555, other daily support at 1.1459.
On yesterday session, the EURUSD went back and forward without any clear direction, however, closed in the middle of the daily range, in addition, managed to close within Mondays’ range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading above the 10 and the 50-day moving averages, that 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: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1594 (support), the 50-day moving average at 1.1587 (support), a daily support at 1.1555, other daily support at 1.1459.
Eur/Usd extended its gains, immediate resistance around 1.1650 could be a challenge on the upside, break above it the pair face another target at 1.1700.
On yesterday session, the EURUSD initial fell but found enough buying pressure around the 50-day moving average to reverse and managed to close near the high of the day, however, closed within Tuesdays’ range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 10 and the 50-day moving averages, that 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: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1599 (support), the 50-day moving average at 1.1587 (support), a daily support at 1.1555, other daily support at 1.1459.
EUR/USD is pushing above the 1.1660 level, which level is providing a strong static support now, followed by 1.1630, the 23.6% retracement of the August rally. Breaking above the last one would lead the pair to the upside, with next target the August high at 1.1733. Indicators ont he four hour time frame are confirming such advance, as price now is developing above all of its moving averages. RSI and stochastic maintain their bullish slopes and are close to weekly highs.
