EUR/USD rebounded on Friday after the Eurogroup has agreed to extend the Greek bailout program for four months.
The pair continues to oscillate between the 1st support 1.1294 (S1) and the 2nd resistance 1.1513 (R2).
The short-term lateralization recommends caution.
The larger trend is still downward, with lower minimum and maximum and below both moving averages 50 and 200 days.
R3 - 1.15975
R2 - 1.15134
R1 - 1.14461
Daily Std. Pivot - 1.13620
S1 - 1.12947
S2 - 1.12106
S3 - 1.11433
no clear direction on the EURUSD. But a possible continuation to the downside may come if the USD keeps gaining ground.
You bet there was no clear direction with Draghi and Yellen talking today !
EURUSD fell during yesterday session, closing in the red, below the 10-day moving average and in the middle of the dayâs range. The pair is still consolidating between the top 1.1450 level and the 1.1270 level on the bottom. The currency should continue in consolidation mode until we see a clear break off a support or resistance with an impulsive candle.
Eur/usd bouncing off 1.1300, another bull run maybe. Market is focusing on testimony by Yellen due later.
Eur/usd maybe climb up to 1.1330 level but still lack of any significant direction.
The Euro is weak and Yellen she may bull the pair down ⌠strong sell today.
EUR / USD fell yesterday.
The pair continues to oscillate between 1.1287 support (S1). 1.1439 and the resistance (R2).
With strong employment data in the US for January, it is likely that the EURUSD drop below the S1 barrier.
The broader trend is downward.
R3 - 1.14852
R2 - 1.14395
R1 - 1.13861
Daily Std. Pivot - 1.13404
S1 - 1.12870
S2 - 1.11879
S3 - 1.11879
EUR/USD has been testing the support at 1.1270 but I doubt it will be able to break below it before tomorrow.
trading range keep getting narrower and the sideways trading is not broken yet. I hope we will see any progress soon.
Yellen has offered very little insights on future moves today, Eur/Usd bounced from as low as 1.1288 to as high as 1.1358 before settling back to 1.133 level.
EURUSD pair initially fell during the course of yesterday session, but found enough support at 1.2388 near Mondays low to turn things back around and form a hammer. Also providing support to the pair was news that Eurogroup approved the list of reforms submitted by Greek authorities, thereby securing a four month extension of their financial rescue operation.
Eur/usd reached as high as 1.1390 earlier today, but upside seems limited, 1.140 become psychological resistance level.
For the EUR traders out here, I came across a very interesting news article. It basically outlines the main important events in a timeline. I think it will also provide you added value, like it did me. Timeline: Greece vs. Eurozone, what next? - AtoZ ForexAtoZ Forex
Thanks, I will check it out.
The pair of eur/usd was bouncing between 1.1300 and 1.1440 today waiting for Draghi and Yellenâs statement soon.
well not much of a change after Yellen statement
EUR/USD formed a doji in the daily filter chart right above the support at 1.1280. It will likely make a new move to the upside.
EUR / USD remained practically stable after the speech of Fed Chairman.
Janet Yellen said the Fed will not rush in rate hikes.
Decisions will be taken from âmeeting to meetingâ which indicates that the pair will continue to oscillate laterally in the short term.
The larger trend is still downward.
R3 - 1.14536
R2 - 1.14210
R1 - 1.13902
Daily Std. Pivot - 1.13576
S1 - 1.13268
S2 - 1.12942
S3 - 1.12634
EURUSD tried to rally during the course of yesterday session, but found enough resistance at the 10-day moving average that is acting as a pivot point. The pair is still consolidating since the start of February in a channel with a top at 1.1450 and a bottom at 1.1270. Until we see a clear break of these levels the pair should continue his sideways direction.