EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
- Start date
The single currency recorded an increase against the US dollar on Thursday. The currency pair opened at 1.1744 and the price bounced back from support at 1.1735. After all, the euro ended at 1.1786 and if the mood swings continue, there will probably be a breakthrough in the first resistance at 1.1910.
The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1818, adding 0.26%. I believe that the support is now located at the level of 1.1717, Wednesday's low and resistance is likely at 1.1962 - Monday's high.
honeill
Sergeant
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On the last Friday’s session the EURUSD initially rallied but found enough resistance at 1.1829 to trim some of its gains but managed to close near the high of the day, in addition the currency pair closed above Thursday’s high, which suggests a strong bullish 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 1.1865 (resistance), the 50-day moving average at 1.1864 (resistance), a daily resistance at 1.1829, daily support at 1.1753, another daily support at 1.1720 and a key level at 1.1684 (support).
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 1.1865 (resistance), the 50-day moving average at 1.1864 (resistance), a daily resistance at 1.1829, daily support at 1.1753, another daily support at 1.1720 and a key level at 1.1684 (support).
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 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 50-day moving average at 1.1862 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1811 (resistance), a daily resistance at 1.1753, another daily support at 1.1720 and a key level at 1.1684 (support).
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 50-day moving average at 1.1862 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1811 (resistance), a daily resistance at 1.1753, another daily support at 1.1720 and a key level at 1.1684 (support).
The new week brought a success for the dollar, which added 59 pips to its assets assets. At the beginning of the day one euro was exchanged for $1.1790, while at the end of the day the ratio was 1.1731. The rate several times broke the first support at level 1.1735, under pressure from the bears, as after one of the breaks the pair recorded a bottom at 1.1729 level. For the bulls, peak was reached at the level of 1.1815, achieved during the first hours of the session.
