EUR/USD at the 1.3800 level.

[honeill]

On yesterday session, the EURUSD went back and forward without any clear direction but managed to close near the high of the day, in addition closed above Mondays’ 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 resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2331 (support), the 10-day moving average at 1.2302 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[honeill]

On yesterday session, the EURUSD initially rose but found enough selling pressure to trim most of its gains but closed in the green, in the middle of the daily range, in addition managed to close within Tuesdays’ range, which suggests being clearly neutral, neither side is showing control.

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 1.2330 (support), the 10-day moving average at 1.2302 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[honeill]

On yesterday session, the EURUSD fell with a wide range but found enough support near the 10-day moving average to trim some of its losses although closed near the low of the day, in addition managed to close below Wednesday’s low, which suggests a bearish momentum.

The currency pair trading below the 50-day moving average that should provide dynamic resistance however, it is trading above the 10 and the 200-day moving average 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 1.2330 (resistance), the 10-day moving average at 1.2305 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[AngieB]

EUR/USD is about to close the week above 1.2300 but yet remains moving sideways without clear direction.

 

[honeill]

On the last Friday’s 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 Thursday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair trading below the 50-day moving average that should provide dynamic resistance however, it is trading above the 10 and the 200-day moving average 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 1.2328 (resistance), the 10-day moving average at 1.2304 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[honeill]

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 resistance at 1.2432, a key level at 1.2367 (resistance), the 10-day moving average at 1.2334 (support), the 50-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]

On yesterday session, the EURUSD went back and forward without any clear direction but closed in the middle of the daily range, in addition closed within Mondays’ range, which suggests being clearly neutral, neither side is showing control.

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 10-day moving average at 1.2341 (support), the 50-day moving average at 1.2322 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[bigdolly]

On yesterday session, the EURUSD went back and forward without any clear direction but closed in the middle of the daily range, in addition closed within Mondays’ range, which suggests being clearly neutral, neither side is showing control.

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 10-day moving average at 1.2341 (support), the 50-day moving average at 1.2322 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

What about fundamental factors affecting the price? Like risks of economic downturn in the Eurozone? Do you also take them into account?

 

[honeill]

What about fundamental factors affecting the price? Like risks of economic downturn in the Eurozone? Do you also take them into account?

I only look at technical analysis and I tell you why. Technical analysis is based on an examination of past price movements on the level of supply and demand in the market to determine where the price trend is headed, allowing to understand the market sentiment behind price trends.

So what I want is market sentiment because the interpretation of the fundamental analysis can be deceiving.

Hope that helps you.

 

[honeill]

On yesterday session, the EURUSD again went back and forward without any clear direction but closed in the green, in the middle of the daily range, in addition managed to close within Tuesdays’ range, which suggests being clearly neutral, neither side is showing control.

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 10-day moving average at 1.2352 (support), the 50-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).