fxstrategist
Corporal
- Messages
- 742
The EURUSD stays above the 1.1300 level, next resistance could be the 1.1400, to the downside, the 1.1200 could play as support.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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honeill
Sergeant
- Messages
- 1,126
Yesterday EURUSD went back and forward but closed in the green although closed in the middle of the daily range, in addition closed within previous day range, suggesting lack of momentum, neither bulls nor bears are showing control.
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1459, the previous swing high at 1.1398 (resistance), the 10-day moving average at 1.1293 (support), a daily support at 1.1237 and the 50-day moving average at 1.1238 (Support).
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1459, the previous swing high at 1.1398 (resistance), the 10-day moving average at 1.1293 (support), a daily support at 1.1237 and the 50-day moving average at 1.1238 (Support).
The euro added value against the dollar for a third consecutive session on Wednesday, climbed 26 pips to a closing price of 1.1320. The movement noted high of the beginning of the week at 1.1360, while the bottom has been reached at level of 1.1271. Index relative strength added positions supporting the bulls, but the major challenge remains upwards at 1.1340/60.
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD had briefly broken above 1.1330, but now it's back below that level. Range continues and the pair will likely continue moving to the downside towards the support at 1.1220.
honeill
Sergeant
- Messages
- 1,126
Yesterday EURUSD initially fell but found enough support at the 10-day moving average to turn around and close near the high of the day, however closed within previous day range, suggests a slight momentum on the bullish side of neutral.
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the previous swing high at 1.1398 (resistance), the 10-day moving average at 1.1294 (support), the 50-day moving average at 1.1238 (Support) and a daily support at 1.1237.
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the previous swing high at 1.1398 (resistance), the 10-day moving average at 1.1294 (support), the 50-day moving average at 1.1238 (Support) and a daily support at 1.1237.
victoriajensen
Private, 1st Class
- Messages
- 1,117
After much uncertainty at 1.1330 yesterday the pair finally broke above that resistance and continued climbing, and today it's testing the resistance at 1.1450 again. A breakout above that level would likely lead to it climbing to 1.1500, but considering how many times the pair has bounced off that resistance whether or not it will be able to break above it now is suspect.
fxstrategist
Corporal
- Messages
- 742
The EURUSD may find some resistance around the 1.1500 zone, a bearish bounce is possible.
honeill
Sergeant
- Messages
- 1,126
On the last Friday’s session the EURUSD rallied with a wide range and close near the high of the day, in addition closed above the previous day high, suggesting a strong bullish momentum.
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the previous swing high at 1.1398 (support), the 10-day moving average at 1.1307 (support) and the 50-day moving average at 1.1249 (Support).
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the previous swing high at 1.1398 (support), the 10-day moving average at 1.1307 (support) and the 50-day moving average at 1.1249 (Support).
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD reached 1.1530 today, which coincides with (MA)89 on the weekly time frame. That is a pretty strong level of resistance and the pair will likely bounce off of it and retrace back to 1.1450.
