EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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fxstrategist
Corporal
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The EURUSD continues correcting to the upside and stays above the 1.1700 level, maybe reaching the 200 day EMA at the 1.1800 level.
Agree. I am waiting the pair to go above 1.1620 to open a long position.
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 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: Daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1634 (resistance), the 50-day moving average at 1.1605 (resistance), a daily support at 1.1555, other daily support at 1.1459.
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: Daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1634 (resistance), the 50-day moving average at 1.1605 (resistance), a daily support at 1.1555, other daily support at 1.1459.
fxstrategist
Corporal
- Messages
- 742
There is still a good support on the EURUSD around the 1.1600 level. To the upside, the 1.1700 is still acting as a resistance and the 1.1500 level could act as support.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD rallied with a narrow range and closed near the high of the day, however, closed within Friday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair closed above the 50-day moving average, that should provide a dynamic support, nonetheless, it continues to trade below the 10 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1636 (resistance), the 50-day moving average at 1.1602 (support), a daily support at 1.1555, other daily support at 1.1459.
The currency pair closed above the 50-day moving average, that should provide a dynamic support, nonetheless, it continues to trade below the 10 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1636 (resistance), the 50-day moving average at 1.1602 (support), a daily support at 1.1555, other daily support at 1.1459.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD initially fell but found enough support near 1.1555 to trim some of its losses and closed in the middle of the daily range, in addition, managed to close below Mondays’ low, which suggests a 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: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1632 (resistance), the 50-day moving average at 1.1598 (resistance), a daily support at 1.1555, other daily support at 1.1459.
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: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1632 (resistance), the 50-day moving average at 1.1598 (resistance), a daily support at 1.1555, other daily support at 1.1459.
