EUR/USD at the 1.3800 level.

EUR/USD marked an intraday high at 1.1285, but in the afternoon the pair erased all daily gains and dipped into negative territory.
 
EUR/USD came under strong pressure after Fed member’s remarks yesterday, who elevated the expectations for rate hike in very short-term. The pair found support and stabilezed around 1.1200 area.
 
Since January 2015 we have not seen EUR/USD at 1.1415 longer than a week. So if the pair succeed to push higher and keep staying above this level, it would appear to be the clearest precedent for a strong move to and through the August high at 1.1712.
 
The pair recorded a decrease on Friday, erased nearly 35 pips to a closing price of 1.1225. The single currency, however, managed to break the two-week losing streak, having in mind that the session opened at 1.1156. RSI wiped positions as the pair was trading within the average values. Support is located at 1.1105 and resistance is seen at 1.1280.
 
On the last Friday’s session the EURUSD went back and forward without any clear direction however close in the red, in the middle of the daily range, in addition closed within Thursday’s range, which suggests being clearly neutral, neither side is showing control.

The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.

The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1194 (support), and a daily support at 1.1097.
 
EUR/USD bounced off 1.1210 today but since there is no actual signal for another reversal whether that move to the upside will continue remains to be seen.
 
The single currency posted a volatile session against the dollar on Monday. But after all the opening price is near closing price, 1.1229 and 1.1233 respectively. The pair varied in a wide range as theintraday high was reached at 1.1267. If the euro justify negative expectations in the short term, the support 1.1197 will be overcome.
 
Yesterday the EURUSD went back and forward without any clear direction and closed in the middle of the weeks range, in addition managed to close within the previous day range, which suggests being clearly neutral, neither side is showing control.

The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.

The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1210 (support), and a daily support at 1.1097.

Warning: today we will have ECB president Draghi speech so expect high volatility for today’s trading day.
 
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