Intraday support levels are 1.3400 , 1.3380-70 and Resistance levels are 1.3450-1.3460 , 1.3470 and 1.3500
So Euro has been continuing growing for the third day in a roll. This opens the way for further short-term recovery in the direction of 1.3560.
However, it was said that the interest rates will probably be changed.
So the bullish scenario seems logical so far.
The dollar fell even more at the end of the day, right after the publication of the Yellen’s speech before the Senate.
The pair continued its recovery towards 1.3565. The trend reversal down with an attempt to test 1.3235 or 1.3100 support is quite possible.
If the trend line 1.3495 is not breached, there will be a bounce down to support level 1.3350, and retest of 1.3315.
Good morning!
During the last week the pair was traded in the up trend and now is slowly recovering after the Central Bank cut its key interest rate to 0.25%.
The pair is strengthening on the approach to the level 1.3500, and quite soon, it keeps the ability to go on recovering towards 1.3565.
Good luck!
EUR/USD looking heavy ahead of resistance zone 1.3550-1.3560
thanks for charts!
Yesterday the market received information about payments and the trade balance for September.
The release of positive data is favorable for the U.S. currency and if the final word is much better than expected - we may get a short-term decline.
A range trading between levels 1.3430-1.3540 is most likely.
Good luck!
Support zone is 1.3400-1.3380. Intraday resistance levels are 1.3450 1.3475-80, 1.3500-20 and 1.3545-50
1.3400-1.3550 range looks a good bet after this week’s whippy action. I think it wants to move even higher than previous high.
Intraday support level for today is 1.3500. Resistance levels are 1.3560-1.3570 and 1.3600. Tight ranges expected ahead Thanksgiving holiday.
Expecting renewed selling interest to cap the current upside squeeze in the 1.3630-1.3650 area. Keep your stops tight.
ECB and FOMC meetings in December are unlikely change the moribund state of the EUR/USD market. Chances of ECB action so soon after a refi cut are negligible. Any moves by the Fed at the end of the year, just ahead of another debt ceiling deadline, are also unlikely. Fading EUR/USD moves seems prudent, as do bets on lower vols.
Support levels for today are 1.3560 and 1.3530-1.3520. Resistance levels are 1.3590 and 1.3615-20.
Techs drawing algo demand in EUR/USD. Stops seem to be on 1.3750-55 area. My bias is to the upside. Support levels are 1.3680 and 1.3660-1.3650
