Sherif Fares
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EUR/USD possible rebound from 1.12000 I think for now let's see the rebound will continue till 1.0950 a possible short opportunity can be made.
After the strong performance on Wednesday, yesterday the pair remained with no significant changes. The euro was trading at a price of 1.1148 at the end of the session with drop of 8 points. However, the day proposed a certain volatility and extreme values were reached at 1.1187 and 1.1081. The chart continues to develop over the moving average, the index of relativity remains in positive territory, supporting the bulls in the short term.
victoriajensen
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EUR/USD formed a doji candlestick on the daily filter chart, moved to the downside again and is currently testing the support at 1.1106 coinciding with the (89)MA on the same chart. I doubt it will be able to break below that level before the market closes today, so we'll probably have to wait at least until Monday.
Sherif Fares
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EUR/USD still over the support level 1.0970 until a break I am out.
On Friday session the EURUSD pair initially rallied but found yet again enough resistance on the 200-day moving average giving all its gains back and closed in the red near the low of the day on a narrow range, creating an inside day. This 3rd failed attempt to close above the 200-day moving average suggests a move downward for today to the 10-day moving average at 1.1052.
The euro recorded a losing session against the dollar on Friday. The pair remained between the two key levels at 1.1080 and 1.1214. It is soon expected EUR to renew its bullish move and to break the first resistance. Trading on Friday started at 1.1148 and the finish line was crossed 40 pips lower. At the beginning the bullish sentiment dominated and currencies reached a peak for the day at 1.1188.
Sherif Fares
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EUR/USD broke the support level 1.10970 and dropped 40 pips before rebounding from 1.1050 levels. over all it was a good start for the week for me.
victoriajensen
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Today EUR/USD continued descending slowly and it is currently testing the support at 1.1070. Should it manage to break below that level it will probably continue falling towards the next support, which is at 1.1000.
fxstrategist
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Eurusd
The EURUSD is consolidated below the 1.1100, but it still has not been able to break below the 1.1000 level. It would need some real good US fundamentals to continue going lower.
The EURUSD is consolidated below the 1.1100, but it still has not been able to break below the 1.1000 level. It would need some real good US fundamentals to continue going lower.
On Monday’s session EUR registered a second consecutive loss against USD. The new week started negatively for the single currency, although the session was fairly calm, with no sharp price changes. Although the depreciation of the euro was not significant, it was enough to allow the pair to break the support at 1.1080. Expecting the downward move to continue until 1.1049 level. Trading on Monday started a rate of 1.1115, and the ended 39 pips lower. Bottom of the day was reached at 1.1058.
Yesterday the EURUSD fell and close near the low of the day with a narrow range, although held its ground just above the 10-day moving average. Absent economic releases in the euro area today so we might experience some consolidation, as inflation figures in the US economy are due tomorrow and the FOMC will release its minutes.
victoriajensen
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EUR/USD almost reached 1.1000 today and it will likely test that support for a while. Should it manage to break below that level it will likely continue towards the next support level visible on the daily filter chart, which is at 1.0850.
Sherif Fares
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EUR/USD is testing fibo level 23.6% a break below will open a chance for a sell position.
The euro recorded a losing session against the dollar on Tuesday. The bearish trend continues for third consecutive day and as a result of this the support at 1.1049 has been broken, as the pair finished below these levels. Despite the weak performance of the single currency in the short term is expected price adjustment and test the resistance at 1.1214. Trading on Tuesday launched at a rate of 1.1076 as at the beginning of the trend was neutral. EUR began to lose positions around noon and bottomed at 1.1017. The session ended with only 3 pips above.
