The single currency registered an increase on Thursday. After a volatile session the euro added 39 pips at a closing price of 1.1275. Extreme values for the day were reached respectively at 1.1234 and 1.1325. if the neutral trend of the past two weeks continues, it is possible to test the first support at 1.118.
Yesterday the EURUSD rose with a wide range making a new short-term high but failed to sustain the momentum and closed at the middle of the daily range.
The currency managed to close above the symmetrical triangle on the daily time-frame plus suggesting that the range bound is over and a new trend is developing.
The key levels to watch are 1.1460 (Resistance), 1.1237 (support) and 1.1097 (support).
EUR/USD after the news of the FOMC broke 1.1300 and now heading for 1.1370 next level 1.1400 then 1.1450. It is better to close my positions and wait for the price over the break of the resistance level.
The euro recorded a second consecutive increase against the dollar on Friday. On the last working day of the week the bulls prevailed and took the pair to significantly higher levels. As a result, resistance at 1.1325 was broken. Short-term indicators remain in favor of the single currency, and the breakthrough of the key level at 1.1436 is highly probable. Session on Friday started a price of 1.1274, and the euro added 77 pips. Peak of the day was reached at 1.1386.
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