fxstrategist
Corporal
- Messages
- 742
Looks like the 1.1300 level is the next resistance for the EURUSD.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
- Start date
The euro recorded a minimal increase against the dollar. The negative series of the single currency was interrupted, but the couple remained at the lower levels. If short-term expectations justify the adjustment of the price will continue, bullish sentiment will become more intense and currencies will make a test of resistance at 1.1329. Monday session was relatively calm, and the pair ranged in a narrow range. The start was given at a rate of 1.1172, and the finish line was crossed 37 pips higher. Peak of the day was achieved at 1.1261.
honeill
Sergeant
- Messages
- 1,126
Yesterday the EURUSD tried to rally but found some resistance at 1.1237 to turn back but managed to close in the green at the middle of the daily range. Looks like the currency will keep pushing higher, the first stop should be the 10-day moving average at 1.1326 and a close above it would suggest a stronger move up to 1.1460 daily resistance.
sherif fares
Corporal
- Messages
- 451
EUR/USD is testing again 1.1291 I don't think we will see a start of a trend before this weekly fundamentals.
victoriajensen
Private, 1st Class
- Messages
- 1,117
I too highly doubt that will happen but the pair might still break above that resistance and reach 1.1400.
I agree, on the downside the 20SMA is providing a good support.
The euro registered a second successful session against the dollar on Tuesday. The single currency justified the positive expectations, partly recovering from the losses last week. The pair recorded peak for the day at 1.1331 andtested the resistance at 1.1329. Despite the attack, the key level didn’t break through, but short-term indicators remain in favor of the euro. Tuesday session started at price of 1.1209 and bulls prevailed. The session ended at a price of 1.1313.
honeill
Sergeant
- Messages
- 1,126
Yesterday the EURUSD pair rose on a wide range day and closed in the green near the high of the day, shy below the 10-day moving average. The currency did not managed to close above the 10-day moving average so until it closes above we may expect some consolidation but a breakdown of previous day low at 1.1207 could accelerate the bearish trend.
sherif fares
Corporal
- Messages
- 451
Tomorrow is the ECB press conference and the interest rate decision The market will have a high volatility.
