EUR/USD at the 1.3800 level.

The euro registered a slight increase against the dollar on Tuesday. The session was calm with no significant changes in the price. Short-term expectations remain in favor of the single currency. In this case the resistance at 1.0780 is threatened. The sessions started at 1.0635 and initially bulls prevailed. After being marked a peak at 1.0672, the price went through a correction and the final was set to level 1.0642.
 
Yesterday the EURUSD initially rose but found enough selling pressure near the 10-day moving average to reverse but still managed to close in the green at the middle of the daily range, suggesting a down day for today.

The 10-day moving average continues to push the currency down acting as a strong resistance.

The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0663 (resistance), 1.0622 (Support), and 1.0462 (support).
 
Finally the side trading is over and EUR/USD fell under 1.0600 but still waiting for the close of today before opening a short position next level 1.0550 then 1.0450 which is 2015 low.
 
Every raise in the pair can be an opportunity for shorting. Eur/Usd found support at today's low 1.0565, 1.0500 level remains critical on the downside.
 
The euro is losing ground against the dollar on Wednesday. The single currency did not meet the positive expectations and recorded a decrease against the dollar. As a result, the support at 1.0568 was pierced after reaching a bottom for the day at 1.0566. Subsequently, however, the losses were partially restored and the currencies finished at 1.0623. If bearish sentiment continue, the pair will test the support at 1.0517.
 
Yesterday the EURUSD went back and forward with a wide range, creating an outside day then closed in the red at the middle of the daily range, suggesting another down day for today.

The 10-day moving average continues to push the currency down acting as a strong resistance.

The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0651 (resistance), 1.0622 (Support), and 1.0462 (support).
 
Back
Top