EUR/USD at the 1.3800 level.

A further move to the downside is inevitable, but range may continue until the ECB press-conference or the US change in Non-farm Payrolls later this week.

The pair is trading in a tight range today with bearish trend extended, support level can be found at 1.0550.
 
On Monday session EUR/USD continued the negative performance for the fourth consecutive day. Ahead of the ECB meeting and expected further monetary stimulus, the euro fell by 25 pips and closed at 1.0563. During the whole session the single currency couldn’t break the key level at 1.0600. The sentiment is still negative and potential break of 1.0460 will intensify the bears presence.
 
Today is a great day for sales!
 

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Yesterday the EURUSD fell making a new lower low although with a narrow range and closed in the red at the middle of the daily range, suggesting a shy pullback to the 10-day moving average.

However 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 1.0627 (resistance), 1.0622 (Support), and 1.0462 (support).
 
Eur/Usd bearish trend remains with correction movement above 1.0600 level, immediate resistance zone located at 1.0620/30.
 
EUR/USD bounced off the support at 1.0560 and moved to the upside. I think it will climb towards the resistance at 1.0690 - 1.0700 at most before it falls again.
 
The EUR/USD tested the 1.0636 resistance level unsuccessfully to fell to 1.615 level today, So most probably the pair will target the 1.0700 level tomorrow.
 
Again EUR/USD over 1.600 and now we will wait for the NFP on friday I doubt there will be much of sudden movemennt before that.
 
On Tuesday session the euro interrupted a four-day negative series and added nearly 70 pips against the dollar to a closing price of 1.0631. The trading passed within the extreme values 1.0636 and 1.0562. Relative strength index moved to positive territory, but the recent downward trend is still in force. Consecutive break of 1.0650 and the psychological level at 1.0690 will contribute to positive attitudes. The upcoming inflation data in the euro area and Yellen's comments will prove to be a key indicator for the pair.
 
Yesterday the EURUSD rallied with a wide range and closed in the green near the high of the day, suggesting a stronger pullback to a Fibonacci extension at 1.07032.

Yesterday the pair closed above the 10-day moving average that was pushing the currency down acting as a strong resistance. The question is: if the pair can follow thru with the bullish momentum or go back down below the 10-day moving average.

The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0615 (support), 1.0622 (Support), and 1.0462 (support).
 
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