EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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honeill
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On yesterday session, the EURUSD rallied with a narrow range and closed near the high of the day, however managed to close within Tuesdays’ range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 50-day moving average that should act as dynamic resistance however closed above the 10-day moving average and is still trading above the 200-day moving average both should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2346 (resistance), the 10-day moving average at 1.2325 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The currency pair is trading below the 50-day moving average that should act as dynamic resistance however closed above the 10-day moving average and is still trading above the 200-day moving average both should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2346 (resistance), the 10-day moving average at 1.2325 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD went back and forward without any clear direction but closed in the middle of the daily range, in addition managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 50-day moving average that should act as dynamic resistance however closed above the 10-day moving average and is still trading above the 200-day moving average both should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2344 (resistance), the 10-day moving average at 1.2321 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The currency pair is trading below the 50-day moving average that should act as dynamic resistance however closed above the 10-day moving average and is still trading above the 200-day moving average both should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2344 (resistance), the 10-day moving average at 1.2321 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
honeill
Sergeant
- Messages
- 1,126
On the last Friday’s session, the EURUSD rose with a narrow range and closed near the high of the day, in addition managed to close within Thursday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2344 (support), the 10-day moving average at 1.2323 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2344 (support), the 10-day moving average at 1.2323 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
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 Friday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily support at 1.2432, a key level at 1.2367 (support), the 50-day moving average at 1.2344 (support), the 10-day moving average at 1.2323 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily support at 1.2432, a key level at 1.2367 (support), the 50-day moving average at 1.2344 (support), the 10-day moving average at 1.2323 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
Euro / dollar made momentum up yesterday, breaking over the 1.2385 resistance, reaching peak at 1.2461. The signals are rising to retest the critical 1.2537 resistance that must be clearly pushed up to restore the primary bullish scenario. The closest support is at 1.2385, whose breakthrough can take the price to a neutral zone with testing at 1.2350 or lower. On the upside, a clear break and daily closing above 1.2537 will open the doors to 1.2600 / 25. I'm staying bullish.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD went back and forward without any clear direction, but managed to close near the low of the day, however closed within Mondays’ range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (support), the 10-day moving average at 1.2348 (support), the 50-day moving average at 1.2345 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (support), the 10-day moving average at 1.2348 (support), the 50-day moving average at 1.2345 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The euro / dollar failed to keep its momentum up yesterday, sliding below 1.2385, but the price still can not move convincingly under this support and earlier this morning it hit 1.2421. Expectations are neutral. Immediate support is available at 1.2385. Clear breakthroughs underneath it can cause pressure on bears to test at 1.2350 - 1.2300. Resistance for the day is 1.2400, followed by 1.2475, but the important level remains 1.2537. The latter should be clearly pushed up to the end of the current consolidation phase and the recovery of the primary bullish scenario.
