For seventh consecutive day the euro continued sloping downwards against the dollar adn reached a new 11-month low. The positive macro data in the euro zone failed to support the EUR/USD. The psychological support at 1.0700 appears now main target.
Yesterday the EURUSD tried to rally but found enough resistance near 1.0818 to give all tis gains back to the market and closed in near the low of the day, although the pair managed to close within the previous day range, which suggests being slightly on the bearish side of neutral.
The pair is trading well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: the 10-day moving average at 1.0924 (resistance), a daily resistance at 1.0900, other daily resistance at 1.0819 (support), the new 2016 low at 1.0709 (support) and a Fibonacci extension at 1.0666 (support).
The pair is trading well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: the 10-day moving average at 1.0924 (resistance), a daily resistance at 1.0900, other daily resistance at 1.0819 (support), the new 2016 low at 1.0709 (support) and a Fibonacci extension at 1.0666 (support).
victoriajensen
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EUR/USD reached the support at 1.0700 and is currently testing it. A breakout below that support would likely lead to a further drop towards the previous low at 1.0540.
The euro continued to suffer and depreciated by 31 pips to reach a new yearly low at 1.0689. Consolidation at the respective levels will ease the bears to continue the downward direction. Support now is seen at 1.0660 and resistance is placed at 1.0820, and next at 1.0945.
Yesterday the EURUSD went back and forward without any clear direction although made a new 2016 low but closed in the middle of the daily range, however the pair managed to close below the previous day range, which suggests a bearish momentum.
The pair is trading well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, the 10-day moving average at 1.0880 (resistance), other daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (support) and a daily support at 1.0622.
The pair is trading well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, the 10-day moving average at 1.0880 (resistance), other daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (support) and a daily support at 1.0622.
victoriajensen
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EUR/USD is currently testing the resistance at 1.0735. A breakout above that level could lead to a further move to the upside towards 1.0780.
fxstrategist
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Eurusd
Big drop on the EURUSD, the Dollar keeps strengthening and the drop may continue on the pair. Its next support could be the 1.0600 level heading towards the 1.0500 level.
Big drop on the EURUSD, the Dollar keeps strengthening and the drop may continue on the pair. Its next support could be the 1.0600 level heading towards the 1.0500 level.
Yesterday the EURUSD tried to rally but found enough resistance to turn around and closed near the low of the day, in addition the pair managed to close below the previous day low, which suggests a strong bearish momentum.
The pair is trading well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: the 10-day moving average at 1.0834 (resistance), a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance) and a daily support at 1.0622 and the all-time low at 1.0462.
The pair is trading well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: the 10-day moving average at 1.0834 (resistance), a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance) and a daily support at 1.0622 and the all-time low at 1.0462.
The EUR/USD continues to slide downwards as Yellen’s comments and the positive macro data from USA supported the dollar’s strength. The pair remains under the sloping to downwards moving averages with RSI at negative territory. The intraday resistances are placed at 1.0660, 1.0820 and higher at 1.0945. Support is seen at 1.0580, 1.0520 and 1.0460.
arigoldman
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Very uncertain market environment!
The pair seems drop fast, I would expect a slight recovery in Eur/Usd next week beford testing parity. Immediate support can be found around 1.0560 level.
On the last Friday’s session the EURUSD fell again but this time with a narrow range and closed near the low of the day, also managed to close below Thursday’s low, which suggests a strong bearish momentum.
The pair is trading well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), the 10-day moving average at 1.0787 (resistance), a Fibonacci extension at 1.0666 (resistance) and a daily resistance at 1.0622 and the all-time low at 1.0462.
The pair is trading well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), the 10-day moving average at 1.0787 (resistance), a Fibonacci extension at 1.0666 (resistance) and a daily resistance at 1.0622 and the all-time low at 1.0462.
victoriajensen
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EUR/USD bounced off the support at 1.0580 and is currently testing the resistance at 1.0640. If it breaks above that level it will likely continue moving to the upside towards 1.0660 - 1.0680.
The euro marked slight increase against the dollar on Monday. The short-term expectations remain in favor of the US dollar, with breaking the support at 1.0519, that could confirm another leg downwards. Next support is located at 1.0452. First resistance is seen at 1.0818, and second at 1.0925.
Yesterday the EURUSD rose with a narrow range and closed near the high of the day, although the pair closed within Friday’s range, which suggests being slightly on the bullish side of neutral.
The pair continues to trade well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), the 10-day moving average at 1.0717(resistance), a Fibonacci extension at 1.0666 (resistance) and a daily resistance at 1.0622 and the all-time low at 1.0462.
The pair continues to trade well below the 10, 50 and the 200-day moving average that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), the 10-day moving average at 1.0717(resistance), a Fibonacci extension at 1.0666 (resistance) and a daily resistance at 1.0622 and the all-time low at 1.0462.
