During yesterday’s session the EUR/USD remained close to unchanged and was trading within a narrow range. At the end of the session the euro managed to add just 7 pips to close at 1.1087.Still the negative sentiment prevails. Support is seent at 1.1045 and resistance is located at 1.335.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
- Start date
The euro recorded moderate growth during yesterday's session after trading in a narrow range on Monday. EUR/USD pushed higher with 28 pips to 1.1115. RSI is in positive trend and support the bulls. If the pair climb above the 50-day MA at 1.1140, next target is 1.1160.
victoriajensen
Private, 1st Class
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EUR/USD retraced from 1.1180, but that's likely not the end of the rally. I next target is probably 1.1200.
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD retraced from 1.1200 but now there is a hammer and an inverted hammer candlestick above the support at 1.1140 which coincides with (MA)89 on the one-hour time-frame. The pair will likely start moving to the upside towards the resistance at 1.1170.
Last edited:
fxstrategist
Corporal
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- 742
The EURUSD stays between the 200 day EMA and the 55 day EMA, no clear direction on the pair, which may breakout in any direction.
The euro rose against the dollar on Friday. By the end of trading session EUR/USD was traded at 1.1161, gaining 0.21%. I believe that the support is now located at the level of 1.1067, Tuesday's low, and resistance is likely to be at the level of 1.1221 - a maximum of Friday's trading.
The pair is passing minor upward correction. The best entry for shorts is 1.1200, with a target level of 1.1043. I do not expect a trend reversal due to a significant difference between the directions of the ECB and the Fed's policy. The outlook for the pair is still negative and shorts are more logical.
