EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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honeill
Sergeant
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Yesterday the EURUSD initially fell but found enough buying pressure to reverse but closed in the middle of the daily range, in addition managed to close below the previous day low, which suggests a bearish momentum.
The pair closed below the 10 and 50-day moving average that should act as dynamic resistances and is still above the 200-day that is acting as dynamic support.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (support), a Fibonacci retracement at 1.1181 (support) and a daily support at 1.1097.
The pair closed below the 10 and 50-day moving average that should act as dynamic resistances and is still above the 200-day that is acting as dynamic support.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (support), a Fibonacci retracement at 1.1181 (support) and a daily support at 1.1097.
victoriajensen
Private, 1st Class
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- 1,117
EUR/USD bounced off 1.1140 and consolidation continues. I doubt it will end before the US Non-Farm Payrolls on Friday.
The euro posted neutral trading gainst the US dollar on Wednesday. The opening price almost coincided with that of the closing, respectively, 1.1202 and 1.1203. The trend fluctuated in a narrow range. Consodidation continues. Suport is located at 1.1122 and resistance is seen at 1.1284.
honeill
Sergeant
- Messages
- 1,126
Yesterday the EURUSD went back and forward without any clear direction but closed in the middle of the daily 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 below the 10 and 50-day moving average that are acting as dynamic resistances but is still above the 200-day that is acting as dynamic support.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (support), a Fibonacci retracement at 1.1181 (support) and a daily support at 1.1097.
The pair is trading below the 10 and 50-day moving average that are acting as dynamic resistances but is still above the 200-day that is acting as dynamic support.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (support), a Fibonacci retracement at 1.1181 (support) and a daily support at 1.1097.
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD is back to testing the support at 1.1180, and a breakout below that level would probably lead to a drop towards 1.1150, but it's unlikely there'll be any major changes before the fundamentals tomorrow.
The euro dropped against the dollar on Thursday. The Wednesday’s calm turned out to be temporary and thus the bearish sentiment played a starring role at this session. The single currency confirmed the negative expectations and the pair tested the support at 1.1122. Breaking trough it is very possible if the downward trend continues.
honeill
Sergeant
- Messages
- 1,126
Yesterday the EURUSD fell sharply with a wide range and closed near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.
The pair is trading below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (resistance), a Fibonacci retracement at 1.1181 (resistance), a daily support at 1.1097 and a 23.6% Fibonacci retracement at 1.1078.
The pair is trading below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (resistance), a Fibonacci retracement at 1.1181 (resistance), a daily support at 1.1097 and a 23.6% Fibonacci retracement at 1.1078.
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD reached 1.1100 but it's currently retracing after forming a hammer candlestick on the one-hour time-frame above that support. The US Non-Farm Payrolls will be announced in less than an hour so we can expect a lot of volatility when that happens.
