EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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honeill
Sergeant
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On the last Friday’s session, the EURUSD fell with a wide range and close near the low of the day, in addition, managed to close below Thursday’s range, which suggests a strong bearish momentum.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1518 (resistance), daily resistance at 1.1459, pennant projected target 1.1280 (support) and other daily support at 1.1236.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1518 (resistance), daily resistance at 1.1459, pennant projected target 1.1280 (support) and other daily support at 1.1236.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition, managed to close within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1500 (resistance), daily resistance at 1.1459, pennant projected target 1.1280 (support) and other daily support at 1.1236.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1500 (resistance), daily resistance at 1.1459, pennant projected target 1.1280 (support) and other daily support at 1.1236.
Euro / dollar continued its inertia down yesterday, after failing to break the resistance 1.1430, reaching the bottom at 1.1330 and hitting 1.1317 during the Asian session. Expectations are down for testing at 1.1280 / 50 so far. The first resistance is seen at 1.1365. A clear break above this level could take the price to a neutral zone with testing at 1.1430. But I basically prefer the bearish scenario and any upward pressure could be seen as a good opportunity for short positions.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD initially rose but found enough resistance near 1.1432 to trim all of its gains and closed near the low of the day, in addition, managed to close below Mondays’ low, which suggests a strong bearish momentum.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1473 (resistance), daily resistance at 1.1459, pennant projected target 1.1280 (support) and other daily support at 1.1236.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1473 (resistance), daily resistance at 1.1459, pennant projected target 1.1280 (support) and other daily support at 1.1236.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD initial fell but found enough buying pressure to reverse and closed near the high of the day, however, managed to close within Tuesdays’ range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1473 (resistance), daily resistance at 1.1459, pennant projected target 1.1280 (support) and other daily support at 1.1236.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1473 (resistance), daily resistance at 1.1459, pennant projected target 1.1280 (support) and other daily support at 1.1236.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD initially rallied but found enough selling pressure near Wednesday open to trim some of its gains and closed in the middle of the daily range, in addition, managed to close above Wednesday’s high, which suggests a bullish momentum.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, daily resistance at 1.1459, the 10-day moving average at 1.1440 (resistance), pennant projected target 1.1280 (support) and other daily support at 1.1236.
The currency pair is trading below the 10 and the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a key level at 1.1684 (resistance), a daily resistance at 1.1555, daily resistance at 1.1459, the 10-day moving average at 1.1440 (resistance), pennant projected target 1.1280 (support) and other daily support at 1.1236.
