EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
- Start date
sherif fares
Corporal
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- 451
EUR/USD is back to yesterday's opening price. I will go short but after the break of yesterday's low price 1.05550.
victoriajensen
Private, 1st Class
- Messages
- 1,117
I don't think it will break below the support at 1.0550 before the ECB press-conference tomorrow.
abdul2012
Corporal
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- 424
I agree with you in this point, thank you.
On Monday session the single currency recorded unsicnificant decline after a relatively volatile session. The pair was trading between 1.0635 and 1.0551, and and the end euro lost 20 pips to a closing price of 1.0612. Currently the sentiment is neutral, the pair formed range of 1.0640 - 1.0560.
honeill
Sergeant
- Messages
- 1,126
Yesterday the EURUSD initially fell but found enough support to turn around and close near the open of the day although closed within previous day range, suggesting a mildly bullish to a ranging tone.
Yesterday the pair failed to close above the 10-day moving average showing that the currency did not have the strength to continue its bullish momentum.
Today is the Big day with the ECB interest rate decision and monetary policy statement plus on the table is a potential increase or further extend of its dovish monetary policy.
Also today we will have Fed's Yellen testimonials before the Congress or some of its Committees to explain the current economic situation and the policies applied to improve it.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0605 (resistance), 1.0622 (Support), and 1.0462 (support).
Yesterday the pair failed to close above the 10-day moving average showing that the currency did not have the strength to continue its bullish momentum.
Today is the Big day with the ECB interest rate decision and monetary policy statement plus on the table is a potential increase or further extend of its dovish monetary policy.
Also today we will have Fed's Yellen testimonials before the Congress or some of its Committees to explain the current economic situation and the policies applied to improve it.
The key levels to watch are the 1.0819 (resistance), a Fibonacci extension at 1.0703 (resistance), the 10-day moving average at 1.0605 (resistance), 1.0622 (Support), and 1.0462 (support).
victoriajensen
Private, 1st Class
- Messages
- 1,117
The fundamentals today pushed EUR/USD up and it reached the resistance at 1.0890. It's possible the pair might reach 1.1000 again depending on the results of the NFP tomorrow.
sherif fares
Corporal
- Messages
- 451
EUR/USD spiked suddenly and rose over 400 pips and now we are back to test 1.100.
