EUR/USD at the 1.3800 level.

EUR/USD found some resistance at 1.0820 and after forming a hanging man candlestick on the four-hour time-frame it started mostly consolidating sideways. The move to the upside towards 1.0850 will likely continue.
 
Euro/dollar made a move upwards yesterday to peak at 1.0819. The bias remains bullish in nearest term for testing the region 1.0830 - 1.0873, which is a good place for a short position with tight stop loss. Immediate support is seen at 1.0760. A clear break below that area could lead price to neutral trading zone for testing 1.0700. On the upside, a clear break and daily close above 1.0873 will open the door up to 1.0950 - 1.1000.
 
EUR/USD was seen today hovering around 1.08 handle, but couldn’t move higher than 1.0825. The H1 chart is showing bearish indicators, while on the H4 chart they are keeping the bullish bias. This is to confirm that the pair is entering in corrective mode.
 
On yesterday session, the EURUSD initially rallied but found enough selling pressure at 1.0819 a daily resistance to reverse and closed near the low of the day, although managed to close within Tuesday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0849 (resistance), daily resistance at 1.0819, the 10-day moving average at 1.0726 (support), daily support at 1.0713, the 50-day moving average at 1.0658 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
 
The euro gave a breather to dollar. During the last day the dollar was down 14 pips from the asset of the single currency. The dollar was very hesitant and after numerous punctures of the support level at 1.0800, it managed to close the session at exchange rate of 1.0792 dollars per euro. The opening rate for the day was 1.0806. Shortly before lunch, bears took their bottom level of 1.0792. The answer to the Bulls was not too late and they recorded a high of 1.0824.
 
EUR/USD retreated from the highs marked this week to currently trade at 1.0780. First support is located at 1.0768 and next at 1.0717. Resistance is seen at 1.0825 and in case if breaking it, the pair might go higher towards 1.0870.
 
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the red but in the middle of the daily range, in addition managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0847 (resistance), daily resistance at 1.0819, the 10-day moving average at 1.0736 (support), daily support at 1.0713, the 50-day moving average at 1.0659 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
 
The EUR/USD pair closed higher for a fourth consecutive week, slightly lower but very close to the yearly high of 1.0828 marked in February. On the daily chart RSI and stochastic are printing higher highs and lower lows and both indicators are located withing the overbought region, but keep heading north. The 20-day and 100-day SMA has crosse and currently are showing bullish slope. Strong support is seen at 1.0700 and until holding above it, the game will be played by bulls’ team.
 
Eur/Usd broke out of its consolidation range with a nearly 40 pips up gap, it may suggesting the likelihood of upward extension to 1.0870 zone.
 
On the last Friday’s session the EURUSD went back and forward without any clear direction but closed in the green, in the middle of the daily range, in addition the currency pair managed to close within Thursday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0846 (resistance), daily resistance at 1.0819, the 10-day moving average at 1.0751 (support), daily support at 1.0713 and the 50-day moving average at 1.0660 (support).
 
Back
Top