EUR/USD at the 1.3800 level.

On yesterday’s session the pair continued its downward movement from Tuesday. At the start of session bottomed at 1.1134 but finally the Euro managed to recover, recording moderate growth to a closing price of 1.1193. Additional gains were limited at 1.1208. Currently, the outlook remains neutral, as a break of the respective peak will open the opportunity to test the 100 period moving average at 1.1245. On the downside 1.1080 remains main target.
 
Yesterday the EURUSD initially fell but quickly found enough buying pressure to turn around and close in the green near the high of the day with a narrow range.

The currency did not had the strength to close above the 10 and 50-day moving averages, which is still sign of weakness to the upside and today we have the nonfarm payrolls data where is expected a rise in jobs of 203K the previous number was 173K.

The key levels to watch are 1.1237 (resistance), the 10-day moving average at 1.1188 (resistance), 1.1097 (support) and the 200-day moving average at 1.1077 (support).
 
Eur/Usd has broke its consolidating pattern around 1.1120 after miserable outcome from the NFP, the pair is now trading above 1.130 level, break above 1.1330 would extend further gains.
 
The NFP finally gave EUR/USD the push to break above 1.1240 and I think it will likely even reach 1.1360 - 1.1370.
 
The EUR/USD could not make it to the 1.1320 and rebound to the 1.1220 support, Good hunting for today and great weekend for all.
 
EUR/USD will continue to drop by the beginning of the week now price is under a resistance level of MVA 20, I wish everyone a good weekend and a successful trading next week.
 
Amazing how the EURUSD retraces to the downside after the weak NFP report. Markets are irrational and the USD strengthens when it should be weakening.
 
The single currency ended the week with a small increase of 9 points. The pair registered a volatile session due to the US employment report. The resistance at 1.1290 endured the test and daily extreme levels were recorded respectively at 1.1150 and 1.1317. Currently the expectations are negative as next target is the levels at 1.1180.
 
Eur/Usd once again back to its familiar range, key resistance zone at 1.1280-1.13 levels, and on the downside support level can still be found at 1.1200.
 
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