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Well, that didnt go well........trade closed.
Well, that didnt go well........trade closed.
You are probably right, the pair is back to range after found support level at 1.120.
arigoldman
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EUR/USD had an exciting week,let's see what the next one brings!
Since January 2015 we have not seen EUR/USD at 1.1415 longer than a week. So if the pair succeed to push higher and keep staying above this level, it would appear to be the clearest precedent for a strong move to and through the August high at 1.1712.
The pair recorded a decrease on Friday, erased nearly 35 pips to a closing price of 1.1225. The single currency, however, managed to break the two-week losing streak, having in mind that the session opened at 1.1156. RSI wiped positions as the pair was trading within the average values. Support is located at 1.1105 and resistance is seen at 1.1280.
On the last Friday’s session the EURUSD went back and forward without any clear direction however close in the red, in the middle of the daily range, in addition closed within Thursday’s range, which suggests being clearly neutral, neither side is showing control.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1194 (support), and a daily support at 1.1097.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1194 (support), and a daily support at 1.1097.
The EUR/USD lost some of its gains on Friday when expectations rose that a rate hike is probable in September. The pair made a low of 1.1198 in the afternoon hours of the European session and recovered slightly to a closing weekly price of 1.1231. Current market price 1.1252.
victoriajensen
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EUR/USD bounced off 1.1210 today but since there is no actual signal for another reversal whether that move to the upside will continue remains to be seen.
The single currency posted a volatile session against the dollar on Monday. But after all the opening price is near closing price, 1.1229 and 1.1233 respectively. The pair varied in a wide range as theintraday high was reached at 1.1267. If the euro justify negative expectations in the short term, the support 1.1197 will be overcome.
Yesterday the EURUSD went back and forward without any clear direction and closed in the middle of the weeks range, in addition managed to close within the previous day range, which suggests being clearly neutral, neither side is showing control.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1210 (support), and a daily support at 1.1097.
Warning: today we will have ECB president Draghi speech so expect high volatility for today’s trading day.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1210 (support), and a daily support at 1.1097.
Warning: today we will have ECB president Draghi speech so expect high volatility for today’s trading day.
victoriajensen
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Unfortunately all fundamentals have been causing lately is whipsaws. Consolidation continues and there's no signal it will end anytime soon.
Yesterday the EURUSD went back and forward without any clear direction again and closed in the middle of the daily range, in addition managed to close within the previous day range, which suggests being clearly neutral, neither side is showing control.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1212 (support), and a daily support at 1.1097.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1212 (support), and a daily support at 1.1097.
The euro marked slight decrease against the dollar on Tuesday. The session opened at 1.1234 with neutral trend in early trading hours. Bears prevailed in the late afternoon and the support at 1.1197 was tested after marking daily low at 1.1203. If expectations for further euro’s weakness justify, the key level will be overcome. Support is located at 1.1197 and 1.1156 and resistance is seen at 1.1284 and 1.1327.
victoriajensen
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EUR/USD has been caught in a tight range for days now and by the looks of it it will continue until the end of the week unless the fundamentals finally cause enough volatility to end it.
The euro gained ground against the dollar on Wednesday. The pair tested the resistance at 1.1284, but couldn’t breakthrough. Short-term expectations remain in favor of the single currency and if they come true, the key level will be broken. Support is located at 1.1197 and 1.1156. Resistance is seen at 1.1284 and 1.1327.
