The EUR/USD pair was trading for shortly above the 1.1200 mark during the Europe session, but sloped donward in the afternoon and closed around 1.1160. Having in mind the upcoming Fed meeting tomorrow, the pair might meet 1.0505-1.1060 level or go to 1.1610 – 1.1280 area. This midway situation probably will be solved tomorrow.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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honeill
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Yesterday the EURUSD tried to rally but found enough resistance to give back all its gains to the market and closed near the low of the day, although managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.
The pair continues to trade below all three moving averages 10, 50 and the 200-day that should act as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1199 (resistance), and a daily support at 1.1097.
Warning: Later today we have the Fed’s interest rate decision and monetary policy statement so expect high volatility in the currency pair.
The pair continues to trade below all three moving averages 10, 50 and the 200-day that should act as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1199 (resistance), and a daily support at 1.1097.
Warning: Later today we have the Fed’s interest rate decision and monetary policy statement so expect high volatility in the currency pair.
The long awaited BoJ and Fed's meetings turned to be huge disappointment for the US dollar, as both bankers announced the will keep the interest rates unchanged. Following this the US dollar weakened and the EUR/USD pair dragged to 1.1184. The situation now is neutral to bearish
honeill
Sergeant
- Messages
- 1,126
Yesterday the EURUSD initially fell but found enough buying pressure to reverse and closed near the high of the day, although managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.
The pair closed below all three moving averages 10, 50 and the 200-day that are acting as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1200 (resistance), and a daily support at 1.1097.
The pair closed below all three moving averages 10, 50 and the 200-day that are acting as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1200 (resistance), and a daily support at 1.1097.
victoriajensen
Private, 1st Class
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EUR/USD broke above 1.1200 and is currently testing 1.1245. A breakout above that level will likely lead to a further move to the upside towards 1.1300 again.
honeill
Sergeant
- Messages
- 1,126
Yesterday the EURUSD initially rallied but found enough selling pressure at 1.1237 to give back to the market most of its gains but closed in the green however near the low of the day, in addition managed to close above the previous day high, which suggests a weak bullish momentum.
The pair closed above all three moving averages 10, 50 and the 200-day that are acting as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1201 (support), and a daily support at 1.1097.
The pair closed above all three moving averages 10, 50 and the 200-day that are acting as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1201 (support), and a daily support at 1.1097.
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD bounced off 1.1200 again after forming an inverted hammer candlestick above that support on the four-hour time-frame. Next target is likely the previous high at 1.1260.
The euro rose against the dollar on Friday. By the close of US trading EUR / USD was trading at 1.1227, gaining 0.17%. I believe that the support is now located at the level of 1.1119, Wednesday's low and resistance is at the level of 1.1258 - the maximum of Thursday.
