EUR/USD at the 1.3800 level.

On the last Friday’s session the EURUSD initially fell hard but found enough support near 1.1097 to trim all its losses and closed near the high of the day, however it did not had enough strength to close above Thursday’s range, which suggests being slightly on the bullish side of neutral.

The pair closed 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 1.1203 (resistance), a Fibonacci retracement at 1.1181 (resistance), a daily support at 1.1097 and a 23.6% Fibonacci retracement at 1.1078.
 
EUR/USD bounced off 1.1200 yet again and is moving to the downside towards 1.1150. A breakout below that support would lead to a further drop towards 1.1100.
 
Yesterday the EURUSD fell with a narrow range and closed near the low of the day, although managed to close within the previous day range, which suggests being slightly on the bearish side of neutral.

The pair continues to trade 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 10-day moving average at 1.1199 (resistance), a Fibonacci retracement at 1.1181 (resistance), a daily support at 1.1097 and a 23.6% Fibonacci retracement at 1.1078 (support).
 
EUR/USD started the week with losses, with the euro depreciating by almost 40 pips to its lowest closing value of two months at 1.1137. The price remains under downward moving averages, RSI supports the bears, hinting at a possible test of 1.1105. Resistance is located at 1.1280 and 1.1355.
 
The euro was down against the US Dollar on Monday. By the close of US trading EUR / USD was trading at 1.1138, shedding 0.56%. I believe that the support is now located at the level of 1.1101, Friday's low, and resistance is likely at the level of 1.1238 - the maximum of Wednesday.
 
The EUR/USD pair dragged below the psychological level at 1.1100, as US dollar is fueled now by the second US Presidential debate. Today the pair accelerated its decliane to reach 1.1068 – the lowest level for the past two months.
 
The pair marked its worst session for the last three weeks and was trading at lowest levels since early August within 1.1141 and 1.1048. The price overcame the recent range and remains below the descending moving averages. The sentiment remains negative with immediate target yesterday's low.
 
Yesterday the EURUSD fell 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 continues to trade below the 10, 50 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1182 (resistance), a daily resistance at 1.1097, August swing low at 1.1046 (support) and July swing low at 1.0952 (support).
 
Back
Top