EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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honeill
Sergeant
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- 1,126
On yesterday session, the EURUSD initially fell but found enough support near the 10 day moving average to reverse and closed near the high of the day, however the currency pair managed to close within Tuesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (resistance), the 10-day moving average at 1.1343 (support), other Fibonacci extension at 1.1291 (support) and a daily support at 1.1237.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (resistance), the 10-day moving average at 1.1343 (support), other Fibonacci extension at 1.1291 (support) and a daily support at 1.1237.
victoriajensen
Private, 1st Class
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- 1,117
EUR/USD bounced off from 1.1310 and it is moving to the upside. If it breaks out above 1.1400 it could test the last high at 1.1445 again.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Wednesday’s range, which suggests a strong bullish momentum.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (resistance), the 10-day moving average at 1.1366 (support), other Fibonacci extension at 1.1291 (support) and a daily support at 1.1237.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (resistance), the 10-day moving average at 1.1366 (support), other Fibonacci extension at 1.1291 (support) and a daily support at 1.1237.
victoriajensen
Private, 1st Class
- Messages
- 1,117
The whipsaw that the fundamentals today caused led EUR/USD to 1.1440, but it then bounced off from that level and it is currently testing the support at 1.1380, which coincides with the (MA)89 indicator on the one-hour time-frame. A breakout below that support will likely lead to another drop towards 1.1300.
EUR/USD was close today to the yearly high, but retreated and is going to end the week lower, slightly below the 1.14 mark. The outlook remains bearish in the short term. Only if bulls could fight the critical resistance at 1.46, the pair will gain upward strength.
honeill
Sergeant
- Messages
- 1,126
On the last Friday’s session the EURUSD went back and forward without out any clear direction however still closed in the red , in the middle of the daily range, in addition the currency pair managed to close within Thursday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, the 10-day moving average at 1.1388 (support), a Fibonacci retracement at 1.1302 (support) and a daily support at 1.1237.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, the 10-day moving average at 1.1388 (support), a Fibonacci retracement at 1.1302 (support) and a daily support at 1.1237.
