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 managing to close below Thursday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0650, a daily resistance at 1.0622, (support) and the all-time low at 1.0462.
The currency pair is trading below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0650, a daily resistance at 1.0622, (support) and the all-time low at 1.0462.
victoriajensen
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EUR/USD has formed an inverted hammer candlestick on the weekly time-frame above the support at 1.0500 after its move to the downside last week. A bounce to the upside is possible, but it's unlikely that will occur before the FED interest rate decision announcement later this week.
The EUR/USD pair jumped to 1.0651 today, which is the highest level since last Thursday. The single currency was boosted by the OPEC matters as the US dollar suffered along with the deal to reduce the global oil glut. Anyway the downward slope remains intact as long as the pair is situated below 1.0850 area.
The new week strated positive for the single currencly and was seen elevated against the US dollar on Monday session. There is slight chance for the EUR/USD pair to bounce higher. The intraday support is seen at 1.513 and 1.0452. Resistance is located at 1.0873 and higehr at 1.0925.
Yesterday the EURUSD rose with a wide range, while engulfing the Friday’s candle, and closed near the high of the day, in addition managed to close above Fridays high, which suggests a strong bullish momentum.
The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0644 (resistance), a daily support at 1.0622, and the all-time low at 1.0462 (support).
The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0644 (resistance), a daily support at 1.0622, and the all-time low at 1.0462 (support).
victoriajensen
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EUR/USD is still testing the resistance at 1.0650. A breakout above that level will likely lead to a further move to the upside towards 1.0700.
Yesterday the EURUSD went back and forward without any clear direction but closed in the red, near the low of the day, in addition managed to close within previous day range, which suggests being slightly on the bearish side of neutral as the market waits for todays Fed interest rate decision.
The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0641 (resistance), a daily support at 1.0622, and the all-time low at 1.0462 (support).
The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0641 (resistance), a daily support at 1.0622, and the all-time low at 1.0462 (support).
victoriajensen
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EUR/USD continues consolidating under the resistance at 1.0650. I don't expect a breakout before the FED interest rate announcement later today and I have decided to close all my positions and wait for the news.
A day before the announcement of the lifting of the US base rate by the Fed, the dollar marked a slight increase against most currencies.
EUR/USD recorded a slight decline from the previous session, although the euro was trading at higher levels during the day and closed at 1.0625.
EUR/USD recorded a slight decline from the previous session, although the euro was trading at higher levels during the day and closed at 1.0625.
The euro lost ground against the USdollar on Wednesday session. Fed’s meeting reverse course in favor of the US currency. As a result, the EUR/USD pair broke first support at 1.0513. Support is seen at 1.0513 and lowet at 1.0452. Resistance is located at 1.0873 and 1.0925.
FED raised rates for the second time in a decade in yesterday's FOMC meeting. FED Chair Janet Yellen announced that the interest rate goes up with 0.25 basis points. The equity market didn't like the news and fell, while the EUR/USD went below 1.05. First support zone is seen at 1.0450.
Yesterday, after the Fed interest rate hike, the EURUSD fell with a wide range closed near the low of the day, in addition managed to close below previous day low, which suggests a strong bearish momentum.
The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0627 (resistance), a daily resistance at 1.0622, and the all-time low at 1.0462 (support).
The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0627 (resistance), a daily resistance at 1.0622, and the all-time low at 1.0462 (support).
victoriajensen
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EUR/USD formed a new historical low today at 1.0394 after the FED interest rate hike yesterday, although it bounced off that level afterwards. The pair is still very bearish and it could soon break below 1.0400 as well. It's very possible for it to reach parity next year.
