The euro / dollar was indecisive yesterday. Trade signals remain neutral in the near future. I'm bearish, but I need a clear breakthrough at least under the support line trend around 1.1785 to rebuild the bears test phase at 1.1735/00. Resistance for the day we have at 1.1837, whose breakthrough can cause further upward correction. But while the couple remains below 1.1920, I prefer the bearish scenario. And any bullish pressure can now be seen as a good sales opportunity.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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honeill
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On the last Friday’s session, the EURUSD went back and forward without any clear direction but and managed to close in the red, in the middle of the daily range, however, closed below Thursday’s low, which suggests a bearish momentum.
The currency pair trading below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: the 200-day moving average at 1.2047 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1844 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily support at 1.1753 and a key level at 1.1684 (support).
The currency pair trading below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: the 200-day moving average at 1.2047 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1844 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily support at 1.1753 and a key level at 1.1684 (support).
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD initially fell but found enough buying pressure to turn north and closed near the high of the day, although managed to close within Friday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair continues to trade below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: the 200-day moving average at 1.2047 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1840 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily support at 1.1753 and a key level at 1.1684 (support).
The currency pair continues to trade below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: the 200-day moving average at 1.2047 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1840 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily support at 1.1753 and a key level at 1.1684 (support).
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, in addition, closed within Mondays’ range, which suggests being slightly on the bearish side of neutral.
The currency pair continues to trade below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: the 200-day moving average at 1.2046 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1814 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily support at 1.1753 and a key level at 1.1684 (support).
The currency pair continues to trade below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: the 200-day moving average at 1.2046 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1814 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily support at 1.1753 and a key level at 1.1684 (support).
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD dived with a wide range and closed near the low of the day, in addition, managed to close below Tuesdays’ low, which suggests a strong bearish momentum.
The currency pair continues to trade below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: the 200-day moving average at 1.2046 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1814 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily resistance at 1.1753 and a key level at 1.1684 (support).
The currency pair continues to trade below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: the 200-day moving average at 1.2046 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1814 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily resistance at 1.1753 and a key level at 1.1684 (support).
At the auction in Europe on Thursday, the focus of market participants was the British pound. It strengthened against the dollar and the euro after strong data on retail sales in the UK.
Market participants reacted by buying the pound, counting on the fact that the data will increase the likelihood of an raise in the basic interest rates by the Bank of England in the near future. The price jumped by 60 points, to 1.3421.
Market participants reacted by buying the pound, counting on the fact that the data will increase the likelihood of an raise in the basic interest rates by the Bank of England in the near future. The price jumped by 60 points, to 1.3421.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD initially tried to rally with a narrow range but found enough selling pressure to trim half of its gains and 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 continues to trade below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: the 200-day moving average at 1.2046 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1766 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily resistance at 1.1753, a key level at 1.1684 (support) and a daily support at 1.1555.
The currency pair continues to trade below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: the 200-day moving average at 1.2046 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1766 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily resistance at 1.1753, a key level at 1.1684 (support) and a daily support at 1.1555.
