EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
- Start date
During recent days the EUR/USD set daily lows around 1.1530 - 1.1540 area, which proovided so far first support. The bearish pressure today is pushing the pair lower so I expect test of next support at 1.1510, which if broken to below opens door to last year’s lows around 1.1480 - 1.1420.
honeill
Sergeant
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On the last Friday’s session, the EURUSD rallied with a narrow range and closed near the high of the day, in addition, managed to close above Thursday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (support), the 10-day moving average at 1.1614 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (support), the 10-day moving average at 1.1614 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD initially fell but found enough support near 10-day moving average to erase all of its losses and closed near the high of the day, in addition, managed to close above Friday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (support), the 10-day moving average at 1.1625 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (support), the 10-day moving average at 1.1625 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, however, managed to close within Mondays’ range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1627 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1627 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD dropped with a wide range and closed near the low of the day, in addition, managed to close below Tuesdays’ low, which suggests a strong bearish momentum.
The currency pair closed below the 10-day moving average that should provide a dynamic resistance, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1627 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The currency pair closed below the 10-day moving average that should provide a dynamic resistance, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1627 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
