fxstrategist
Corporal
- Messages
- 742
The bearish momentum on the EURUSD accelerates and the price breaks below the 1.1600 level. The pari may continue dropping to the 1.1500 level, but first it has to confirm the breakdown below the 1.1600 level.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
- Start date
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition, managed to close below Wednesday’s low, which suggests a strong bearish momentum.
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, a key level at 1.1684 (resistance), the 50-day moving average at 1.1672 (resistance), the 10-day moving average at 1.1657 (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, a key level at 1.1684 (resistance), the 50-day moving average at 1.1672 (resistance), the 10-day moving average at 1.1657 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
honeill
Sergeant
- Messages
- 1,126
On the last Friday’s session, the EURUSD tried to rally but found enough selling pressure to trim all of its gains and close near the low of the day, in addition, managed to close below 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, a key level at 1.1684 (resistance), the 50-day moving average at 1.1663 (resistance), the 10-day moving average at 1.1629 (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, a key level at 1.1684 (resistance), the 50-day moving average at 1.1663 (resistance), the 10-day moving average at 1.1629 (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 initially fell but found enough buying pressure to trim some of its losses and closed in the middle of the daily range, in addition, managed to close below Friday’s low, which suggests a bearish momentum.
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, a key level at 1.1684 (resistance), the 50-day moving average at 1.1659 (resistance), the 10-day moving average at 1.1622 (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, a key level at 1.1684 (resistance), the 50-day moving average at 1.1659 (resistance), the 10-day moving average at 1.1622 (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 wide range and closed near the high of the day, in addition, managed to close above Mondays’ high, which suggests a strong bullish momentum.
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, a key level at 1.1684 (resistance), the 50-day moving average at 1.1656 (resistance), the 10-day moving average at 1.1619 (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, a key level at 1.1684 (resistance), the 50-day moving average at 1.1656 (resistance), the 10-day moving average at 1.1619 (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 Went back and forward but managed to close near the high of the day, in addition, managed to close above Tuesdays’ high, which suggests a strong bullish momentum.
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, a key level at 1.1684 (resistance), the 50-day moving average at 1.1653 (resistance), the 10-day moving average at 1.1611 (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, a key level at 1.1684 (resistance), the 50-day moving average at 1.1653 (resistance), the 10-day moving average at 1.1611 (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 fell with a wide range and closed near the low of the day, in addition, managed to close below Wednesday’s low, which suggests a strong bearish momentum.
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: a key level at 1.1684 (resistance), the 50-day moving average at 1.1645 (resistance), the 10-day moving average at 1.1581 (resistance), a daily resistance at 1.1555, Daily support at 1.1459 and other daily support at 1.1236.
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: a key level at 1.1684 (resistance), the 50-day moving average at 1.1645 (resistance), the 10-day moving average at 1.1581 (resistance), a daily resistance at 1.1555, Daily support at 1.1459 and other daily support at 1.1236.
fxstrategist
Corporal
- Messages
- 742
The EURUSD may continue falling below the 1.1400 level to the 1.1300 level, but a pullback to the 1.1500 level may cause the zone to become resistance.
