EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
- Start date
honeill
Sergeant
- Messages
- 1,126
Yesterday EURUSD initially rose but found enough selling pressure to give back all its gains and closed in the red, near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.
The pair is trading below the 10-day moving average that is acting as a dynamic resistance although is still trading above the 50 and the 200-day moving averages that act as a dynamic support.
The key levels to watch are: Daily resistance at 1.1556, other daily resistance at 1.1459, the 10-day moving average at 1.1437 (resistance), the 50-day moving average at 1.1319 (support) and a daily support at 1.1237.
The pair is trading below the 10-day moving average that is acting as a dynamic resistance although is still trading above the 50 and the 200-day moving averages that act as a dynamic support.
The key levels to watch are: Daily resistance at 1.1556, other daily resistance at 1.1459, the 10-day moving average at 1.1437 (resistance), the 50-day moving average at 1.1319 (support) and a daily support at 1.1237.
The single currency fell slightly against the US dollar on Tuesday, trading volumes remained low during the day while the positive employment data in the US supported the dollar.
The pair moved between 1.1358 levels and 1.1409, before settling at 1.1371 for the day or down by about 10%.
Key levels to watch for:
Support: 1.1309; 1.1270;
Resistance: 1.1492; 1.1540.
The pair moved between 1.1358 levels and 1.1409, before settling at 1.1371 for the day or down by about 10%.
Key levels to watch for:
Support: 1.1309; 1.1270;
Resistance: 1.1492; 1.1540.
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD broke above 1.1400 and is still moving to the upside. Its next target is likely at the resistance at 1.1500 - 1.1530.
The pair has lost the will to find a clear direction. The lack of major macro data and minimal volatility keep EUR/USD stuck around 1.14. Immediate resistance is located at 1.440 and the support I around 1.340. In case of breaking it, the pair will drift further to 1.340.
honeill
Sergeant
- Messages
- 1,126
Yesterday EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.
The pair is trading below the 10-day moving average that is acting as a dynamic resistance although is still trading above the 50 and the 200-day moving averages that act as a dynamic support.
The key levels to watch are: Daily resistance at 1.1556, other daily resistance at 1.1459, the 10-day moving average at 1.1434 (resistance), the 50-day moving average at 1.1325 (support) and a daily support at 1.1237.
The pair is trading below the 10-day moving average that is acting as a dynamic resistance although is still trading above the 50 and the 200-day moving averages that act as a dynamic support.
The key levels to watch are: Daily resistance at 1.1556, other daily resistance at 1.1459, the 10-day moving average at 1.1434 (resistance), the 50-day moving average at 1.1325 (support) and a daily support at 1.1237.
EUR/USD had a moderate bullish momentum yesterday, topped at 1.1446. The bias is neutral in nearest term, probably with slight bullish signals for testing 1.1500. Initial support is at 1.1400. A clear break below could lead to further bearish pressure testing 1.1350 level, which should be clearly penetrated down to the preservation of strong bearish scenario with targets near 1.1275 - 1.1200.
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD broke below 1.1400 again, next target is likely around 1.1360 - 1.1350. A beakout below that level could lead to a further drop towards 1.1250.
