The single currency registered a volatile session against the dollar on Monday. Ultimately, the euro slightly advanced against the dollar and so the break of resistance at 1.1066 was postponed. If bullish sentiment continue in the future, the key level will be overcome. The new week started at a price of 1.0992 as initially bearish sentiment prevailed. The pair hit bottom for the day at 1.0939 abs session closed at 1.1013.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
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victoriajensen
Private, 1st Class
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If it breaks above 1.1050 it will probably continue rising towards 1.1200 but range will likely continue for now.
sherif fares
Corporal
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- 451
EUR/USD started trading around the resistance level 1.1000 we might see a few days of trading around this levels.
fxstrategist
Corporal
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- 742
Excellent opportunity for a bounce to the downside on the EURUSD, around the 200 day EMA, 1.1050 level. Current support is the 1.1000, but it may be broken.
The euro recorded a minor decline against the dollar on Tuesday. Although at the beginning of the session bullish sentiment prevailed, the single currency failed to progress. As a result, however, the pair reached the resistance at 1.1066, after peaking at 1.1057. If the positive trend continue in the future, the key level will be overcome.
honeill
Sergeant
- Messages
- 1,126
Yesterday the EURUSD tried to rally but found enough resistance at the 200-day moving average to turn around and closed near the low of the day, however closed within the previous day range, suggesting a weak bearish momentum.
The pair closed above the 10, 50-day moving averages that are acting now as dynamic support however did not managed to close above the 200 day moving average that is acting as dynamic resistance.
The key levels to watch are: A daily resistance at 1.1236, other daily resistance at 1.1097, the 200-day moving average at 1.1021 (resistance), 50-day moving average at 1.1000 (support), the 10-day moving average at 1.0947 (support) and a daily support at 1.0900.
The pair closed above the 10, 50-day moving averages that are acting now as dynamic support however did not managed to close above the 200 day moving average that is acting as dynamic resistance.
The key levels to watch are: A daily resistance at 1.1236, other daily resistance at 1.1097, the 200-day moving average at 1.1021 (resistance), 50-day moving average at 1.1000 (support), the 10-day moving average at 1.0947 (support) and a daily support at 1.0900.
