On Thursday session EUR recovered positions against USD. The single currency justified the positive expectations and rose, thanks to the dynamic economic environment in the US. So negative series was interrupted and EURis looking forward for the continuation of the bullish trend until reaching the resistance at 1.1430. The session started at 1.1287 and by the end of the session EUR gained 146 pips. A powerful upward movement was registered at the end of trade and the peak for the day was hit at 1.1440.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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victoriajensen
Private, 1st Class
- Messages
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EUR/USD failed to break above 1.1460 this week and bounced off that resistance, but I still think there's a possibility to reach 1.1500 next week.
sherif fares
Corporal
- Messages
- 451
EUR/USD dropped back to the open price of yesterday the market is stabilizing .
On Friday session the euro registered a significant decline against the dollar. Thus the profits that the single currency gained last session were completely lost and the pair returned to the previous four-day range. If expectations for a further positive move come true, the resistance at 1.1480 will be broken. The session started at a price of 1.1432, as at the beginning prevailed bullish trend. Subsequently, the direction changed and the currency hit bottom at 1.1269. The session ended with 16 pips higher.
honeill
Sergeant
- Messages
- 1,126
On Friday session the EURUSD pair plunged and closed in the red near the low of the day with a wide range but managed to close above the 10-day moving average. The currency is in a well-established bullish phase and is ranging between are 1.1495 (Resistance) and 1.1237 (Support).
elena sarkees
Recruit
- Messages
- 13
Any one tried any strategy here ??
victoriajensen
Private, 1st Class
- Messages
- 1,117
Indeed, the pair is moving to the downside again. I think it will reach the support at 1.1150.
