EURUSD
Yesterday, EUR/USD depreciated dramatically to 20-year low level of 0.9550. Since ultra-hawkish FED and the energy crisis keep sellers hold, the parity continues to weaken. On the other hand, ECB’s Lagarde made hawkish comments gave some support to the parity for a while before US session. Also, the news flow from Bloomberg that EU plan to delay enforcing a price cap on Russian oil imports stopped the losses.
Technically, downward pressure is still on the agenda. The break of 0.9550 level gives a way to the next 0.9465-70 area before 0.9340. On the upside, the resistance level is around 0.9710. More upside, it may be followed 0.9800 level.
Support: 0.9625 - 0.9550 - 0.9490
Resistance: 0.9710 – 0.9800 – 0.9875
EURUSD
In Euro area, things are not going well. A little while ago, German Gfk Confidence Index released, and the data dropped to a new all time low -42.5 from -36.8 in September. Since the consumers spend more money for energy, they could reserve less money to make new purchases. Also, the DXY remain firm, and FED’s governors continue to explain hawkish message. Thus, EUR/USD continue to weaken and this morning it breaks 2-decade low of 0.9550 now.
Technically, downward pressure is still on the agenda. The break of 0.9550 level gives a way to the next 0.9470 before 0.9400. On the upside, the resistance level is around 0.9500. More upside, it may be followed 0.9690/0.9700 region.
Support: 0.9470 - 0.9400 - 0.9345
Resistance: 0.9600 – 0.9690 – 0.9785
EURUSD
The parity closed the third quarter at the level of 0.98. Today, it is heading the North and trading around 0.9830 level. At the weekend, Russia stopped gas supply to Italy. Also, The Kremlin announced the results of several election-style events in Ukraine last week, claiming that four occupied regions had voted overwhelmingly in favor of joining Russia. Thus, Putin will move to annex them. In short, the geopolitical risk is still on the increase for Eurozone.
Technically, Stochastics are oversold but the momentum is upside because DXY is no trading below 112 level. Resistance is now seen at 0.9850 before the next 0.9940. On the downside, 0.9780 is a critical support, below that level the selling pressure may increase up to 0.9660.
Support: 0.9780 - 0.9735 – 0.9660
Resistance: 0.9850 – 9.9940 – 1.0015
EURUSD
The parity is trading above 0.9850 today. Fundamentally, weaker DXY give support to move upside for the EURUSD. However, geopolitical risk in Ukraine is still on the agenda. Yesterday, Ukraine leader announced that they have recaptured strategic town of Lyman. This emerging development shows that Kyiv do not give up evet after Russia’s annexation of four region.
Technically, the EURUSD is heading the north, but the first resistance shows up at 0.9885 (21DMA). Since the daily RSI 14 is recovered from oversold condition, the parity may attempt to test 1.0010/15 area (50DMA). On the downside, 0.9735 is the critical support. More downside 0.9660 is seen as support level.
Support: 0.9780 - 0.9735 – 0.9660
Resistance: 0.9885 – 9.9950 – 1.0010
EURUSD
The parity is trading above 0.9935 today. Fundamentally, weaker DXY leads to move upside for the EURUSD. However, energy crisis is still on the agenda and increases risk premium on Euro for now.
For EURUSD daily chart, the resistance is now seen at 1.00 (50DMA + psychological level). Momentum has turned the bullish, but stochastic indicator raises overbought condition. On the downside, the key support at 0.9895 (21DMA). More downside 0.9715 is seen as support level.
Support: 0.9895 - 0.9820 – 0.9715
Resistance: 1.0000 – 1.0050 – 1.0190
EURUSD
The parity is trading below 0.9800 level because DXY turns the positive momentum and now is trading below 112.40 level. Yesterday, European Central Bank published the Monetary Policy Meeting notes which indicated that some officials chose a lower rate hike of 50bps. In addition, the median three-year inflation expectations remained unchanged with %3.
What is more, retail sales data in Germany released this morning and it declined by %4.3 YoY in Aug. Thus, selling pressure for EURUSD is still going on. Technically, the support is now seen at 0.9720. Resistance is seen around 1.0000 (50DMA + psychological level).
Support: 0.9720 - 0.9640 – 0.9540
Resistance: 0.9830 – 0.9870 – 1.0000
EURUSD
The parity is hovering around 0.9720 level because DXY turns the positive momentum after strong US NFP released. In early morning, the price decreases to a fresh one-week low and the investors follows the descending line.
Today, there is no economic data, so the range for the parity will be narrow. Momentum is still mildly but falling trend channel remains solid. Stochastics turned neutral. Technically, the support is now seen at 0.9710. Resistance is seen around 0.9815.
Support: 0.9710 - 0.9640 – 0.9540
Resistance: 0.9815 – 0.9860 – 0.9970
EURUSD
The EURUSD remains weighty because DXY continue to raise, and US 10-year is hovering near at %4.00. The pair is trading now above 0.9700 level. Still, the geopolitical tension is on the increase. Also, the fight between hawkish FED and hawkish ECB goes on. Some ECB members (Kizmir & Kazak) expressed opinion a 75bps rate hike for the next meeting. Today, ECB’s Lane have a speech.
Technically, resistance is seen at 0.9795. Momentum is still moderate but falling trend channel remains solid. Stochastics turned oversold condition for daily chart. The support is now seen at 0.9635.
Support: 0.9635 - 0.9540 – 0.9480
Resistance: 0.9795 – 0.9870 – 0.9995
EURUSD
The pair remains firm unlike DXY continue to raise, and US 10-year is hovering near at %3.90. The EURUSD is trading now above 0.9715 level. Today, ECB’s president Lagarde speech will be followed by the markets. Also, more ECB officials will speak this week; Nagel speaks on Thu, Holzmann will speak on Friday.
Technically, resistance is seen at 0.9775. Momentum is still variable but falling trend channel remains solid. Stochastics is trying to turn oversold condition for daily chart. The support is now seen at 0.9670, before the next at 0.9540.
Support: 0.9670 - 0.9540 – 0.9480
Resistance: 0.9775 – 0.9870 – 0.9950
EURUSD
The parity is trading above 0.9935 today. Fundamentally, weaker DXY leads to move upside for the EURUSD. However, energy crisis is still on the agenda and increases risk premium on Euro for now.
For EURUSD daily chart, the resistance is now seen at 1.00 (50DMA + psychological level). Momentum has turned the bullish, but stochastic indicator raises overbought condition. On the downside, the key support at 0.9895 (21DMA). More downside 0.9715 is seen as support level.
Support: 0.9895 - 0.9820 – 0.9715
Resistance: 1.0000 – 1.0050 – 1.0190
EURUSD
The pair touched the lowest level of the week 0.9632 after the hotter inflation release and US Treasury yields bounced with the expectation on a 75bps rate hike for December rise. US2-year treasury yield rose above %4.52, but then retracing 6bps. Also, the DXY jumped to 113.90 level, then soften below 113 level because European Central Bank staff updated the model called Target-Consistent Terminal Rate, indicated ECB needed its deposit rate %2.25 or even less and the goal is to bring inflation back %2.
Technically, above 0.98 level the momentum is positive for the EURUSD. Resistance is seen at 0.9870. Falling trend channel remains solid. More upside, resistance is around 1.00 (psychological level). The support for the pair is now seen at 0.9760, before the next at 0.9630.
Support: 0.9760 – 0.9630 – 0.9540
Resistance: 0.9870 – 0.9990 – 1.0050
EURUSD
The EURUSD is trading around 0.9750. Risk appetite is still complicated today. Hawkish comments from ECB officials continue to provide gradual support for the pair. Yet, US Treasury yields are still on the increase. US2-year treasury yield is rising near %4.5. Also, the DXY remains firm close to 113 level.
Technically, above 0.98 level the momentum is positive for the EURUSD. Resistance is seen at 0.9925. Falling trend channel remains solid. More upside, resistance is around 1.00 (psychological level). The support for the pair is now seen at 0.9700, before the next at 0.9630.
Support: 0.9700 – 0.9630 – 0.9540
Resistance: 0.9805 – 0.9925 – 0.9995/1.0000
EURUSD
The EURUSD is trading around 0.9850. Risk appetite is still moderate today. Also, DXY lose power and hawkish comments by ECB officials thus give support to the pair. Yet, the geopolitical risk related to Ukraine-Russia war is resuming. It should not be forgotten that Europe is facing a generational energy crisis as it heads into winter because Russia won’t be delivering gas to Europe.
Technically, above 0.9810 level the momentum is positive for the EURUSD. Resistance is seen at 0.9925. Falling trend channel remains solid. More upside, resistance is around 0.9955 level. Then, at 1.00 (psychological level). The support for the pair is now seen at 0.9810, before the next at 0.9675.
Support: 0.9810 – 0.9675 – 0.9540
Resistance: 0.9925 – 0.9960 – 1.0000
EURUSD
The EURUSD is trading around 0.9785. Risk appetite is still in the favor of the Dollar Index. Yesterday, the inflation data estimated for the second this month and still upside risk is seen on the agenda for European region. On the other hand, ECB officials expects the ECB to hike 75bps at October and December meeting. Overnight Index swap (OIS) indicates a 150bps increase in target rate
Technically, above 0.9735 level the momentum continues to firm for the parity. Resistance is seen at 0.9800. Falling trend channel remains solid. More upside, resistance is around 0.9950 level. Then, at 1.00 (psychological level). The support for the pair is now seen at 0.9735, before the next at 0.9645.
Support: 0.9735 – 0.9645 – 0.9540
Resistance: 0.9800 – 0.9830 – 0.9950
EURUSD
The EURUSD is trading around 0.9785. Risk appetite is still in the favor of the Dollar Index. Yesterday, the inflation data estimated for the second this month and still upside risk is seen on the agenda for European region. On the other hand, ECB officials expects the ECB to hike 75bps at October and December meeting. Overnight Index swap (OIS) indicates a 150bps increase in target rate
Technically, above 0.9735 level the momentum continues to firm for the parity. Resistance is seen at 0.9800. Falling trend channel remains solid. More upside, resistance is around 0.9950 level. Then, at 1.00 (psychological level). The support for the pair is now seen at 0.9735, before the next at 0.9645.
Support: 0.9735 – 0.9645 – 0.9540
Resistance: 0.9800 – 0.9830 – 0.9950
EURUSD
The EURUSD is trading around 0.9835. In Asian session, the pair reverses from 0.9900 level (50 Daily Simple Moving Average). Risk appetite is mixed today. This week, ECB rate decision will be followed. The market expects a 75bps rare hike, but Quantitative Tightening (QT) will be more important.
Technically, above 0.9720 level the momentum is positive for the EURUSD. Yet, the indicators for 4H chart shows the pair is overbought condition. Resistance is seen at 0.9900. Falling trend channel remains solid. More upside, resistance is around 0.9935, then 1.00 (psychological level). The support for the pair is now seen at 0.9825, before the next at 0.9720.
Support: 0.9825 – 0.97200 – 0.9630
Resistance: 0.9900 – 0.9935 – 1.0000
EURUSD
The EURUSD is trading around 0.9872. Today’s economic calendar is relatively light. Yet, Germany IFO business climate is the key focus in European session.
Technically, the pair is still bearish trend channel. Above 0.9720 level, the momentum is positive for the EURUSD. Yet, the stochastic indicator for daily chart shows the pair is overbought condition. Resistance is seen at 0.9900/0.9910 region. Falling trend channel remains solid. More upside, resistance is around 1.00 (psychological level). The support for the pair is now seen at 0.9825, before the next at 0.9720.
Support: 0.9825 – 0.9720 – 0.9630
Resistance: 0.9900 – 1.0000 – 1.0000
EURUSD
The EURUSD is trading around 0.9880. Since the DXY softens with the weakness economic indicators, the pair press forward a potential to break out of the falling trend channel. The momentum is today positive, but eyes will be This on ECB rate decision which is released tomorrow. The market expects a 75bps rare hike, but Balance sheet shrinking could be considered as the next step of monetary policy normalization.
Technically, above 1.00 (psychological level) the volatility increases for the parity. Yet, the stochastic indicator for daily chart shows the pair is overbought condition. Resistance is seen at 1.00. If breaks the falling trend channel, the resistance at 1.0090 (100DMA). The support for the pair is now seen at 0.9915 (50DMA), before the next at 0.9815.
Support: 0.9915 – 0.9815 – 0.9720
Resistance: 1.0000 – 1.0090 – 1.0195
EURUSD
The EURUSD is trading around 1.0075. The investors wait for ECB Policy rate decision. It is expected to announce a rate hike of 75bps. Yet, the main issue is about Quantitative tightening timing. If ECB president Lagarde says specific timing, then the pair will accelerate high-speed. If not, the pair meets the sell off because the rate hike is already priced.
Technically, above 0.9920 level the momentum is positive for the EURUSD. Yet, the daily RSI (14) indicator come to close overbought condition. Resistance is seen at 1.0095. More upside, resistance is around 1.0175. Falling trend channel is broken yesterday, but now it is seen as support. The support for the pair is first at 0.9925, before then at 0.9850.
Support: 0.9925 – 0.9850 – 0.9730
Resistance: 1.0095 – 1.0175 – 1.0265
EURUSD
The EURUSD is trading below 1.0000 (psychological level). Yesterday, European Central Bank (ECB) announced its monetary policy decision. As widely expected, the ECB increased the rate 75bps. Yet, the sound for growth and economic developments was disappointed. Additionally, the ECB introduced changes to the Targeted Longer-Term Refinancing Operations (TLTRO) III program**.** It means ECB tighten financial conditions further. The interest rate on TLTRO III operations will be indexed to the average applicable key ECB interest rates over this period.
Technically, above 0.9920 level the momentum is positive for the EURUSD. Yet, the daily stochastic indicator is near overbought condition. Resistance is seen at 1.0095. More upside, resistance is around 1.0180. The support for the pair is first at 0.9920, before then at 0.9840.
Support: 0.9920 – 0.9840 – 0.9730
Resistance: 1.0095 – 1.0180 – 1.0265
