The euro rose against the dollar on Thursday. By the closing of US trading EUR/USD was trading at 1.0606, gaining 1.13%. I believe that the support is now located at the level of 1.0339, Tuesday's low, and resistance is likely at the level of 1.0615 - a maximum of today's trading.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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honeill
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On yesterday session, the EURUSD rose with a wide range and closed near the high of the day, in addition managed to close above previous day high, which suggests a strong bullish momentum.
The currency pair trades above the 10-day moving average that should act as a dynamic support but continues to trade below the 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0475 (support), a daily support at 1.0462 and the 2017 low at 1.0340 (support).
The currency pair trades above the 10-day moving average that should act as a dynamic support but continues to trade below the 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0475 (support), a daily support at 1.0462 and the 2017 low at 1.0340 (support).
victoriajensen
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EUR/USD is stuck in a relatively tight range between 1.0570 and 1.0615, consolidating before the news. All eyes are on the NFP now.
The euro was down against the US Dollar on Friday. At 19:45 GMT EUR/USD is trading at 1.0528, shedding 0.53%. I believe that the support is now located at the level of 1.0339, Tuesday's low, and resistance is likely at the level of 1.0619 - the maximum of Thursday.
honeill
Sergeant
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On the last Friday’s session the EURUSD initially rose but found enough resistance at 1.0622 to reverse and closed near the low of the day, although the currency pair managed to close within Thursday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair continues to trade above the 10-day moving average that should act as a dynamic support but remains to trade below the 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0483 (support), a daily support at 1.0462 and the 2017 low at 1.0340 (support).
The currency pair continues to trade above the 10-day moving average that should act as a dynamic support but remains to trade below the 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0483 (support), a daily support at 1.0462 and the 2017 low at 1.0340 (support).
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD has formed a doji candlestick on the four-hour time-frame above the support at 1.0515 and there will likely be a retracement towards 1.0560. That said, the overall trend remains bearish.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD rose with a narrow range and managed to close near the high of the day, although closed within Friday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair continues to trade above the 10-day moving average and managed to close above the 50-day moving average both should act as a dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0819, a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0578 (support), the 10-day moving average at 1.0503 (support) and a daily support at 1.0462.
The currency pair continues to trade above the 10-day moving average and managed to close above the 50-day moving average both should act as a dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0819, a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0578 (support), the 10-day moving average at 1.0503 (support) and a daily support at 1.0462.
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD bounced off 1.0625 yet again. The pair is currently testing the support at 1.0560, a breakout below that level will likely lead to a further drop towards 1.0500.
