arigoldman
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EUR/USD is about to close the week consolidated around 1.0680. The price is now 1.0674 as bears have taken control again due to strong US data.
EUR/USD: The trade signals remain down to test 1.0600. On the charts we have a bullish divergence indicator CCI, suggesting bullish correction especially if price would be able to make a clear break above 1.0700 to test 1.0750 - 1.0785. But as long as price holds above 200 EMA, I prefer a bearish scenario at this phase and any upward pressure should be seen as a good opportunity for short positions.
The euro fell against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1,0655, losing 0.20%. I believe that support is now at around 1,0652, the low of today's trading, and resistance is likely to come in at 1,0905, Monday's high.
On the last Friday’s session the EURUSD fell with a narrow range and closed near the low of the day, in addition the currency pair managed to close below Thursday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10, the 50 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0835 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0779 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0665 (resistance) and a daily support at 1.0622.
The currency pair is trading below the 10, the 50 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0835 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0779 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0665 (resistance) and a daily support at 1.0622.
On yesterday session, the EURUSD went back and forward without any clear direction but closed in the green, in the middle of the daily range, however the currency pair closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10, the 50 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0830 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0751 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0661 (resistance) and a daily support at 1.0622.
The currency pair is trading below the 10, the 50 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0830 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0751 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0661 (resistance) and a daily support at 1.0622.
victoriajensen
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EUR/USD is still quite bearish despite the pair of spinning top candlesticks that have formed on the daily time-frame at the support at 1.0640. Next target is likely around 1.0545 - 1.0550.
EUR/USD had some bad days recently as price went down with more than 250 points in the last couple of weeks. The pair went from 1.09 to a low of 1.0635 in a matter of a few days due to strong data coming out of the US. Also, technicals played a significant role as the pair circulated around the 200SMA. Bulls were unsuccessful in their attempt to go beyond it and bears took over.
The pair hit the prior pivot point at it's lowest today and was immediately backed up by the bulls who took the chance to go long and buy the dip. Price is now 1.0655 and has a good chance to continue up for the short term.
However, if bears break the support at 1.0630, the pair will most likely be vulnerable and this will increase the chances for it to go South.
The pair hit the prior pivot point at it's lowest today and was immediately backed up by the bulls who took the chance to go long and buy the dip. Price is now 1.0655 and has a good chance to continue up for the short term.
However, if bears break the support at 1.0630, the pair will most likely be vulnerable and this will increase the chances for it to go South.
On yesterday session, the EURUSD initially fell but found enough buying pressure at 1.0642 to turn around and closed in the green, near the high of the day, however the currency pair closed within Monday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair managed to close above the 50-day moving average that should provide a dynamic support, however is still trading below 10 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0828 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0741 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0659 (support) and a daily support at 1.0622.
The currency pair managed to close above the 50-day moving average that should provide a dynamic support, however is still trading below 10 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0828 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0741 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0659 (support) and a daily support at 1.0622.
The euro recorded a third consecutive neutral session against the dollar on Tuesday. So the couple stayed in range by the end of last week, about the level of support at 1.0620. Short-term indicators at the moment, however, are in favor of the single currency. Trading on Tuesday was opened at a price of 1.0667, while the rate of closure was 5 pips higher. The trend varies in a very narrow range, the difference between the highest and lowest value for the day was 41 pips.
victoriajensen
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EUR/USD continues consolidating above 1.0640 after forming a hammer candlestick on the daily time-frame at that level. Considering the fundamentals tomorrow and on Friday, and especially the US Change of Non-Farm Payrolls on Friday, consolidation will likely continue for now.
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Lately the EUR/USD pair is caught in tight range but according to the technical readings on the four-hour time frame the risk remains towards downwards.
The pair is experiencing difficulties to puch higher above the the 20-day SMA, which is tending to south currenlty. RSI has switched to bullish mode, but yet is below mid-lines, while stochastic is caught in the middle and is trending to lows.
Whereas the pair is standing still we should consider the key support level at 1.0620, as in case of breaking it, bears would be poised to chase 1.0565.
The pair is experiencing difficulties to puch higher above the the 20-day SMA, which is tending to south currenlty. RSI has switched to bullish mode, but yet is below mid-lines, while stochastic is caught in the middle and is trending to lows.
Whereas the pair is standing still we should consider the key support level at 1.0620, as in case of breaking it, bears would be poised to chase 1.0565.
On yesterday session, the EURUSD initially fell but found yet again enough support at 1.0642 to reverse and close near the high of the day, however the currency pair closed within Tuesday’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 provide a dynamic support, however is still trading below 10 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0825 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0728 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0657 (support) and a daily support at 1.0622.
The currency pair is trading above the 50-day moving average that should provide a dynamic support, however is still trading below 10 and 200-day moving averages that should provide dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0825 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0728 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0657 (support) and a daily support at 1.0622.
victoriajensen
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Consolidation is getting tighter and tighter. While there's still a possibility that EUR/USD will start moving to the upside again, it's doubtful that there will be any major changes before the fundamentals tomorrow.
