EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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fxstrategist
Corporal
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- 742
The EURUSD is still very weak and it may continue falling below the 1.1500 level towards the 1.1400 or even the 1.1300 zone. To the upside, the 55 day EMa around the 1.1600 level could act as resistance.
honeill
Sergeant
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- 1,126
On yesterday session, the EURUSD rose with a narrow range but by the end of the day gave back to the market some of its gains and closed in the middle of the daily range, in addition, managed to close within Wednesday’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: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1595 (resistance), the 50-day moving average at 1.1587 (resistance), a daily resistance at 1.1555 and a daily support at 1.1459 and a 2018 low at 1.1300 (support).
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 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1595 (resistance), the 50-day moving average at 1.1587 (resistance), a daily resistance at 1.1555 and a daily support at 1.1459 and a 2018 low at 1.1300 (support).
honeill
Sergeant
- Messages
- 1,126
On the last Friday’s session, the EURUSD went back and forward without any clear direction, nonetheless, closed in the middle of the daily range, in addition, managed to close within Thursday’s low, which suggests being clearly neutral, neither side is showing control.
The currency pair continues to trade 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 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1589 (resistance), the 10-day moving average at 1.1548 (resistance), a daily resistance at 1.1555 and a daily support at 1.1459 and a 2018 low at 1.1300 (support).
The currency pair continues to trade 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 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1589 (resistance), the 10-day moving average at 1.1548 (resistance), a daily resistance at 1.1555 and a daily support at 1.1459 and a 2018 low at 1.1300 (support).
fxstrategist
Corporal
- Messages
- 742
The EURUSD tried to break below the 1.1500 level, but it consolidates for now around that level, without taking a clear direction.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure near 1.1459 to erase some of its losses and closed in the middle of the daily range, however, closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair continues to trade 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 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1590 (resistance), the 10-day moving average at 1.1532 (resistance), a daily resistance at 1.1555 and a daily support at 1.1459 and a 2018 low at 1.1300 (support).
The currency pair continues to trade 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 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1590 (resistance), the 10-day moving average at 1.1532 (resistance), a daily resistance at 1.1555 and a daily support at 1.1459 and a 2018 low at 1.1300 (support).
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure near 1.1432 to erase all of its losses and closed near the high of the day, however, managed to close within Mondays’ range, which suggests being slightly on the bullish side of neutral.
The currency pair continues to trade 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 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1593 (resistance), the 10-day moving average at 1.1523 (resistance), a daily resistance at 1.1555 and a daily support at 1.1459 and a 2018 low at 1.1300 (support).
The currency pair continues to trade 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 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1593 (resistance), the 10-day moving average at 1.1523 (resistance), a daily resistance at 1.1555 and a daily support at 1.1459 and a 2018 low at 1.1300 (support).
