The single currency marked steady growth on Monday amid the negative result on the Italian referendum and the positive data on retail sales in the eurozone. The euro added 116 pips to 1.0763 and reached highest level at 1.0795. 1.0505 acted as support which technically led the EUR/USD pair to third consecutive day of increase. Bulls are now encouraged and next target appears to be 1.0820.
EUR/USD at the 1.3800 level.
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victoriajensen
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EUR/USD reached the resistance at 1.0800 and began consolidating sideways. Currently there are several candlesticks on the four-hour time-frame that indicate an impending move to the downside, namely a shooting star, a doji and a spinning top, and if that signal is valid the pair will likely reach the support at 1.0682, which coincides with the (MA)89 indicator on the same time-frame.
fxstrategist
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The rally on the EURUSD seems to have run out of fuel, but the pair may still try to break above the 1.0800 level. To the downside, below the 1.0700 level, its next supports could be the 1.0600 level or the 1.0500 level.
The posistive GDP data in the euro zone couldn’t support enough the euro during yesterday’s trading and session closed 47 pips lower to 1.0716. Currently the EUR/USD is trading sideways above 1.07 mark. A break above 1.0746 would lead the pair to test 1.08 levels. Support is seen at 1.0694.
victoriajensen
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EUR/USD is very undecided and is caught in a tight 20-30 pips range. It will likely continue until Mario Draghi's press-conference tomorrow.
The euro rose against the dollar on Wednesday. By the close of US trading EUR/USD was trading at 1.0750, gaining 0.30%. I believe that the support is now located at the level of 1.0503, Monday's low, and resistance is at the level of 1.0798 - Monday's high.
The dollar rebounded against a basket of currencies on Thursday after the European Central Bank has stated that they intend to extend their asset purchase program by another nine months, while the US labor market data fell short of the forecast.
The EUR/USD fell by 0.43% to 1.0712, falling from session highs at 1.0873.
The EUR/USD fell by 0.43% to 1.0712, falling from session highs at 1.0873.
Following the announcement by ECB the single currency recorded its biggest drop against the dollar since June. As expected the bank is extending the program of quantitative easing, but surprised markets with lower monthly volume of purchases. The EUR/USD pair wiped out 139 pips to 1.0612. The price went below the moving averages, while RSI is losing ground. Attitudes remain negative and break of 1.0580 will contribute to further decline.
