I agree, North Korea started weigh in, risk turn to the downside.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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honeill
Sergeant
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- 1,126
On the last Friday’s session the EURUSD tried to rally but found enough resistance at 1.1976 to erase all its gains and managed to close near the low of the day, however the currency pair closed within Thursday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair closed below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, other daily resistance at 1.1976, a daily support at 1.1910, the 10-day moving average at 1.1908 (support), other daily support at 1.1829 and a daily support at 1.1753.
The currency pair closed below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, other daily resistance at 1.1976, a daily support at 1.1910, the 10-day moving average at 1.1908 (support), other daily support at 1.1829 and a daily support at 1.1753.
victoriajensen
Private, 1st Class
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EUR/USD continues consolidating sideways. That said, there is a very impressive shooting star candlestick at 1.2070 on the weekly time-frame, so a new move to the downside is quite likely.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD initially rose but found enough selling pressure near the 10-day moving average to trim some of its gains and closed in the middle of the daily range, in addition the currency pair closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, other daily resistance at 1.1976, a daily support at 1.1910, the 10-day moving average at 1.1905 (resistance), other daily support at 1.1829 and a daily support at 1.1753
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, other daily resistance at 1.1976, a daily support at 1.1910, the 10-day moving average at 1.1905 (resistance), other daily support at 1.1829 and a daily support at 1.1753
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition the currency pair managed to close within Monday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, other daily resistance at 1.1976, a daily resistance at 1.1910, the 10-day moving average at 1.1917 (resistance), other daily support at 1.1829 and a daily support at 1.1753.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, other daily resistance at 1.1976, a daily resistance at 1.1910, the 10-day moving average at 1.1917 (resistance), other daily support at 1.1829 and a daily support at 1.1753.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD initially tried to rally but found enough selling pressure to erase most of its gains and close near the low of the day, in addition the currency pair managed to close within Tuesday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair closed shy above the 10-day moving average that should provide dynamic support and continues trading above the 50 and 200-day moving averages that should also provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, other daily resistance at 1.1976, a daily support at 1.1910, the 10-day moving average at 1.1919 (support), other daily support at 1.1829 and a daily support at 1.1753.
The currency pair closed shy above the 10-day moving average that should provide dynamic support and continues trading above the 50 and 200-day moving averages that should also provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, other daily resistance at 1.1976, a daily support at 1.1910, the 10-day moving average at 1.1919 (support), other daily support at 1.1829 and a daily support at 1.1753.
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD failed to break out above 1.2070 again. The pair still seems quite bullish though, so there might be another move to the upside.
