EUR/USD at the 1.3800 level.

The EUR/USD rose over the 1.11240 support level today and i think it is a sign for more elevation for the pair.
 
Despite all expectations that EUR/USD will continue to descend, the pair actually moved to the upside today. I think it will soon reach and test the resistance at 1.1250.

Currently Eur/Usd seems capped between 1.1235 to 1.1245, a break of resistance 1.1250 could trigger bullish rally.
 
The Euro versus the Dollar is bullish at the moment, but the 1.1300 level could act as resistance and a pullback to the downside could cause the 1.1200 to act as support.
 
The single currency started the week with a rise against the dollar, adding nearly 60 pips to a closing price of 1.1243. The session was held in the extremes at 1.1247 and 1.1147. The price managed to overcome the average values, while the relative strength index moved to positive territory, hinting for bulls in the short term. For additional growth, however, is needed a break of 1.1290.
 
Yesterday the EURUSD initially fell but found yet gain enough buying pressure below the 50-day moving average to reverse and close in the green near the high of the day with a wide range.

The currency broke above the 10-day moving average signaling that the bulls are in control in the short-term and we may see further push upward.

The next key levels to watch are 1.1460 (Resistance), 1.1237 previous resistance now support and the 10-day moving average at 1.1213 (Support).
 
EUR/USD is trading in very narrow range around the opening price, I don't think there will be any sudden movement until the NFP this Friday.
 
The Euro versus the Dollar is bullish at the moment, but the 1.1300 level could act as resistance and a pullback to the downside could cause the 1.1200 to act as support.

1.1280 is proving to be a strong resistance too, it might continue testing it until the NFP.
 
The EUR/USD was alternating around the opening point at 1.11231 today waiting for the NFP to take the next direction.
 
The pair is trading in a very tight range, short term still remains minor bullish tone. 1.1200 is a important support level.
 
The single currency remained unchanged against the dollar on Tuesday, ending the session at 1.1246. EUR/USD marked a movement within the extreme values at 1.1280 and 1.1194. The price remains above average values, while the index of relative strength - in positive territory, which currently support the bulls. A break of 1.1290 will however confirm the positive attitudes.
 
Back
Top