EUR/USD at the 1.3800 level.

The EUR/USD rose carefully from lowest of the week at 1.1105 but found resistance near the 1.1180 level. what about the Draghi's speech?
 
The euro recorded a slight increase against the dollar on Wednesday. The single currency broke three-day losing streak and partially recovered positions. Thus the break of support at 1.1091 was postponed and short-term expectations remain in favor of the euro. The session was opened at a price of 1.1118 as early trend was neutral. Bullish sentiment appeared at the end of trading and peak of the day was hit at 1.1212. The session ended at 1.1184.
 
Yesterday the EURUSD initially fell but found enough buying pressure at 1.1097 daily support to reverse and close in the green near the high of the day with a wide range, creating a bullish engulfing pattern a sign that the short –term bulls are taking the control.


The currency closed above the 50-day moving average at 1.1171 (Support) suggesting further upward momentum in the next few days.


The key levels to watch today are 1.1237 (resistance), the 10-day moving average at 1.1258 (resistance), 1.1097 daily support and the 200-day moving average at 1.1081 (Support).
 
There is a very impressive shooting star candlestick on the four-hour filter chart and it's right under the resistance at 1.1260, so it's possible it'll move to the downside again.
 
Eur/Usd back trading below the 1.1200 level after the Feds reaffirmed their intention of raising rate later in 2015. On the downside, key support seems right on the 20SMA in the 4hrs chart.
 
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