After marking a four-week high at 1.0825, the EUR/USD is now seen in ascending channel. The focus is now on the upcoming data and US Payrolls, which has set the pair under pressure. A break below the 1.0730 would trigger further downslide towards 1.0690. To resume to the upside is needed break above the resistance at 1.0790.
EUR/USD is trading in consolidation around 1.0750 as market participants await the latest NFP and Jobs report. The move may create high volatility and unexpected price changes so if you have decided to trade the news have tight stops and small positions.
On yesterday session, the EURUSD initially rose with a wide range but found enough resistance at 1.0819 to give back all its gains to the market and closed near the low of the day, although the currency pair managed to close within the previous day range, which suggests being on the bearish side of neutral.
The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0737 (support), a daily support at 1.0622, the 50-day moving average at 1.0590 (support) and a daily support at 1.0462.
The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0737 (support), a daily support at 1.0622, the 50-day moving average at 1.0590 (support) and a daily support at 1.0462.
arigoldman
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Interesting to see how the next week unfolds.
On the last Friday’s session the EURUSD initially fell but found enough buying pressure around the 10-day moving average to reverse and managed to close near the high of the day, although the currency pair closed within Thursday’s range, which suggests a being on the bullish side of neutral.
The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0738 (support), a daily support at 1.0622, the 50-day moving average at 1.0590 (support) and a daily support at 1.0462.
The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0738 (support), a daily support at 1.0622, the 50-day moving average at 1.0590 (support) and a daily support at 1.0462.
victoriajensen
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EUR/USD is testing the support at 1.0710 which is the (MA)89 indicator on the four-hour time-frame. A breakout below that level will likely lead to a further move to the downside towards the previous low at 1.0620.
On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure at 10-day moving average to trim some of its losses although closed in the red, in the middle of the daily range, in addition the currency pair managed to close within Fridays range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0743 (support), a daily support at 1.0622, the 50-day moving average at 1.0591 (support) and a daily support at 1.0462.
The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0743 (support), a daily support at 1.0622, the 50-day moving average at 1.0591 (support) and a daily support at 1.0462.
victoriajensen
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EUR/USD is still very bearish and it broke below 1.0710 today. If it breaks out below 1.0620 it will likely continue falling towards the next support at 1.0570.
The EUR/USD pair contiues to trade lower and marked today daily low at 1.0655. Later the pair bouned and the current market price is 1.0686. In the hourtly chart technical indicators have recovered from the oversold area and are showing strong bullish momentum. The risk for downward slide is still in tact, as long as the pair stays below the key resistance at 1.0700.
EUR/USD closed the European session in the red today after it went below support on the short-term. The pair dipped under 1.07, which was seen as immediate short-term support and is now still trading below that line.
If the pair continues in that direction, we might expect first support zone at 1.0619, second is seen at 1.0450 and major support is the lowest at 1.0338.
On the other hand, if bulls take the advantage of the dip, they can boost the price up to the latest high at 1.0825 thus forming a potential double top. If that does not hold, 1.09 is seen as major short-term target.
Whichever comes first will most likely be impacted by either Trump's success or Trump's failure to implement his new policies.
If the pair continues in that direction, we might expect first support zone at 1.0619, second is seen at 1.0450 and major support is the lowest at 1.0338.
On the other hand, if bulls take the advantage of the dip, they can boost the price up to the latest high at 1.0825 thus forming a potential double top. If that does not hold, 1.09 is seen as major short-term target.
Whichever comes first will most likely be impacted by either Trump's success or Trump's failure to implement his new policies.
fxstrategist
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Eurusd
Good pullback on the EURUSD to its 55 day EMA, just below the 1.0700 level. There could be a bullish bounce from that level, but if it breaks it to the downside, then it could reach the 1.0600 level.
Good pullback on the EURUSD to its 55 day EMA, just below the 1.0700 level. There could be a bullish bounce from that level, but if it breaks it to the downside, then it could reach the 1.0600 level.
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition the currency pair managed to close below Monday’s range, which suggests a strong bearish momentum.
The currency pair is trading above the 50-day moving average that should act as dynamic support although the EURUSD closed below the 10 –day moving average and remains trading below the 200-day moving average both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0743 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0593 (support) and a daily support at 1.0462.
The currency pair is trading above the 50-day moving average that should act as dynamic support although the EURUSD closed below the 10 –day moving average and remains trading below the 200-day moving average both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0743 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0593 (support) and a daily support at 1.0462.
Euro/dollar made a downward momentum yesterday, slipped below the bullish channel, but still failed to break below key support 1.0650 and EMA 200. The outlook is bearish for now, but we need a clear break below 1.0650 to confirm bearish reversal scenario with the closest target around 1.0500. Resistance for the day is 1.0730. A clear break above that area could lead price to neutral zone trade, but should keep the bullish phase intact testing 1.0800.
victoriajensen
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The pair bounced off 1.0640 and it could retrace back to 1.0710 - 1.0720 which from a support would have become a resistance level, before it continues moving to the downside.
The upward potential is now limited by the 1.0720 region, where the 20-day SMA crossed to below the 100-day SMA. The current market price is 1.0688 and if failing to hold around this area, the pair is poised to reinforce the downard slope towards 1.0650 and even lower towards the key support at 1.0590.
On yesterday session, the EURUSD went back and forward without any clear direction although manages to close in the green, near the high of the day, in addition the currency pair closed within Wednesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0742 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0595 (support) and a daily support at 1.0462.
The currency pair is trading above the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0742 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0595 (support) and a daily support at 1.0462.
After two weaker days in the presentation of the euro, today it rose against the dollar. At the beginning of the session nothing suggested that the bulls will be able to close the session in green. The rate by opening of the session was 1.0683, and at 7:00 had pierced the support level of 1.0660. This led to a daily low at 1.0640. Then the Bulls brought the price to a high of 1.0713. After a little hesitant movements, the day was closed with rise of the euro to 1.0697.
