The euro recorded a minor increase against the dollar on Wednesday. The session was dynamic as the single currency failed to offset losses from the previous two days. If bullish sentiment strengthen its influence it is very likely soon to be made a test of resistance at 1.1004. Trading on Wednesday was open at a price of 1.0880 as early trend was negative. Around noon direction changed and currencies peaked for the day at 1.0923. The day ended with 18 pips below.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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sherif fares
Corporal
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- 451
Tomorrow the NFP lets see how the market will react.
victoriajensen
Private, 1st Class
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Hopefully this consolidation will finally end.
sherif fares
Corporal
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- 451
Lets see how the market will react today. The expected that there will be no change in the NFP
FX Brother
Suspicious Person
- Messages
- 32
Hopefully!
EUR/USD recorded a weak growth record on Thursday. The positive session on Wednesday was extended, but the pair still remains below the resistance at 1.1004. It is expected that this level soon to be overcome, having in mind that short-term indicators are in favor of the single currency. The dynamic trade on Thursday launched at a price of 1.0905, as the peak of the day was recorded early in the morning at level 1.0942. The day ended at 19 pips higher.
victoriajensen
Private, 1st Class
- Messages
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Unfortunately not even the US Non-farm payrolls could end the EUR/USD consolidation. There was a lot of volatility but ultimately range continues. Right now the pair is testing the resistance at 1.0970, but today is Friday, so even if it breaks above it I doubt it'll reach the next resistance around 1.1070 before next week.
