EUR/USD at the 1.3800 level.

[honeill]

On yesterday session, the EURUSD rallied with a narrow range and closed near the high of the day, however, closed within Tuesdays’ range, which suggests being slightly on the bullish side of neutral.

The currency pair closed shy above the 10-day moving average that should act now as a dynamic support although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1377 (resistance), the 10-day moving average at 1.1361 (support), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 

[fxstrategist]

The range on the EURUSD on the daily chart seems to be getting tighter with the formation of a symmetrical triangle. The price may break in any direction from the current consolidation. Above the 1.1400 level, its next resistance could be the 1.1500 level and below the 1.1300 level, its next support could be the 1.1200 level.

 

[honeill]

On yesterday session, the EURUSD went back and forward without any clear direction consequently 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 closed shy below the 10-day moving average that should act now as a dynamic resistance although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1373 (resistance), the 10-day moving average at 1.1354 (resistance), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 

[honeill]

On the last Friday’s session, the EURUSD fell with a wide range breaking below the symmetrical triangle although found enough buying pressure near 1.1269 to trim some of its losses, consequently closed in the middle of the daily range, in addition, managed to close below Thursday low, which suggests a strong bearish momentum.

The currency pair traded below the 10, 50 and the 200-day moving averages and all should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1367 (resistance), the 10-day moving average at 1.1350 (resistance), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 

[honeill]

On yesterday session, the EURUSD rose with a narrow range and closed near the high of the day, in addition, managed to within Fridays’ range, which suggests being slightly on the bullish side of neutral.

The currency pair traded below the 10, 50 and the 200-day moving averages and all should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1364 (resistance), the 10-day moving average at 1.1353 (resistance), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 

[honeill]

On yesterday session, the EURUSD initially rose but found enough selling pressure near the 1.1402 to trim some of its gains and closed in the middle of the daily range, however, managed to close above Mondays’ range, which suggests a bullish momentum.

The currency pair closed shy above the 10 and 50-day moving averages that should act now as a dynamic supports although is still trading below the 200-day moving average that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1363 (support), the 10-day moving average at 1.1352 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

 

[honeill]

On yesterday session, the EURUSD initially rose but found enough selling pressure near the 1.1439 to trim most of its gains and closed near the low of the day, however, closed within Tuesdays’ range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 10 and 50-day moving averages that should act now as a dynamic supports although is still trading below the 200-day moving average that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1362 (support), the 10-day moving average at 1.1357 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (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 Wednesday’s high, which suggests a strong bullish momentum.

The currency pair is trading above the 10 and 50-day moving averages that should act now as a dynamic supports although is still trading below the 200-day moving average that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1362 (support), the 10-day moving average at 1.1361 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

 

[honeill]

I wish you all a Merry Christmas and a Happy New Year!

 

[honeill]

On Monday session, the EURUSD initially rose with a narrow range but found enough selling pressure near 1.1370 to trim some of its gains and closed in the middle of the daily range, in addition, managed to within Fridays’ range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading above the 10 and 50-day moving averages that should act now as a dynamic supports although is still trading below the 200-day moving average that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1377 (support), the 50-day moving average at 1.1361 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).