The euro rose against the US dollar on Friday. During Asian trading, EUR/USD was trading at 1.1963, gaining 0.18%. I believe that support is now at 1.11862, the minimum of Wednesday, and resistance, probably, will be at 1.2033 - the maximum of Wednesday.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1957, gaining 0.13%. I believe that support is now at 1.1862, the minimum of Wednesday, and resistance, probably, will be the level 1.2033 - the maximum of Wednesday.
honeill
Sergeant
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On the last Friday’s session the EURUSD initially rallied but found enough resistance at 1.1976 to trim most of its gains and closed 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 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 1.2115, other daily resistance at 1.2041, a daily resistance at 1.1976, the 10-day moving average at 1.1934 (resistance), a daily resistance at 1.1910, the 50-day moving average at 1.1868 (support), a daily support at 1.1829 and another 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 1.2115, other daily resistance at 1.2041, a daily resistance at 1.1976, the 10-day moving average at 1.1934 (resistance), a daily resistance at 1.1910, the 50-day moving average at 1.1868 (support), a daily support at 1.1829 and another daily support at 1.1753.
fxstrategist
Corporal
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The EURUSD seems to be getting ready to visit the 1.1800 level, but the zone may act as a support. The pair has lost its trend and there is no clear direction until it breaks above the 1.2100 level or below the 1.1700 level.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition the currency pair managed to close below Friday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10-day moving average and closed below the 50-day moving average both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, the 10-day moving average at 1.1918 (resistance), a daily resistance at 1.1910, the 50-day moving average at 1.1868 (resistance), a daily support at 1.1829 and another daily support at 1.1753.
The currency pair is trading below the 10-day moving average and closed below the 50-day moving average both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, the 10-day moving average at 1.1918 (resistance), a daily resistance at 1.1910, the 50-day moving average at 1.1868 (resistance), a daily support at 1.1829 and another daily support at 1.1753.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD initially fell but found enough support at 1.1753 to recover some of its losses however closed in the red, in the middle of the daily range, in addition the currency pair managed to close below Monday’s low, which suggests a bearish momentum.
The currency pair is trading below the 10 and the 50-day moving averages both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.
The key levels to watch are: the 10-day moving average at 1.1894 (resistance), the 50-day moving average at 1.1865 (resistance), a daily resistance at 1.1829, a daily support at 1.1753 and other daily support at 1.1720.
The currency pair is trading below the 10 and the 50-day moving averages both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.
The key levels to watch are: the 10-day moving average at 1.1894 (resistance), the 50-day moving average at 1.1865 (resistance), a daily resistance at 1.1829, a daily support at 1.1753 and other daily support at 1.1720.
