The single currency recorded a slight decline against the US dollar on Thursday. The currency pair opened at 1.1672 and ended at 1.1669. The euro remained in the range throughout the day, not finding a single direction. After breaking the support at 1.1679, we would expect the price to test the 1.1630 level.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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honeill
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On yesterday session, the EURUSD went back and forward without any clear directions, although closed in the middle of the daily range, in addition, managed to close within Wednesday’s range, which suggests being clearly neutral.
The currency pair closed below the 10 and the 50-day moving averages, both should provide a dynamic resistance, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1694 (resistance), the 50-day moving average at 1.1684 (resistance), a key level at 1.1684 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The currency pair closed below the 10 and the 50-day moving averages, both should provide a dynamic resistance, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1694 (resistance), the 50-day moving average at 1.1684 (resistance), a key level at 1.1684 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
honeill
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On the last Friday’s session, the EURUSD initially fell with a wide range but found enough buying pressure to trim all of its losses and manage to close near the high of the day, however, closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 10 and the 50-day moving averages, both should provide a dynamic resistance, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1706 (resistance), a key level at 1.1684 (resistance), the 50-day moving average at 1.1681 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The currency pair is trading below the 10 and the 50-day moving averages, both should provide a dynamic resistance, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1706 (resistance), a key level at 1.1684 (resistance), the 50-day moving average at 1.1681 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD rallied with a narrow 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 closed above the 10 and the 50-day moving averages, both should provide a dynamic support, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1713 (support), a key level at 1.1684 (support), the 50-day moving average at 1.1681 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The currency pair closed above the 10 and the 50-day moving averages, both should provide a dynamic support, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1713 (support), a key level at 1.1684 (support), the 50-day moving average at 1.1681 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The euro advanced insignificantly against the dollar on Monday. The single currency justified the positive expectations, although the pair failed to break the key level. If the bullish moods continue in the future, the resistance at 1.1758 will be overcome. The session started at a price of 1.1689 and the euro gained 21 pips to the final. The peak of the day was 1.1725.
Euro / dollar made a moderate upward movement yesterday, sliding over 1.1695 and hitting 1.1725. The technical objective of the H & S figure has been reached, so the upward pressure should not be a surprise. Intraday support is 1.1695. A clear break back below it could take the price to a neutral trading area with testing the support of 1.1650. It should be clearly broken down to reactivate my bearish model with targets around 1.1600.
