Sherif Fares
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EUR/USD is trading in very narrow range around the opening price, I dont think there will be any sudden movement until the NFP this friday.
victoriajensen
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1.1280 is proving to be a strong resistance too, it might continue testing it until the NFP.
The single currency remained unchanged against the dollar on Tuesday, ending the session at 1.1246. EUR/USD marked a movement within the extreme values at 1.1280 and 1.1194. The price remains above average values, while the index of relative strength - in positive territory, which currently support the bulls. A break of 1.1290 will however confirm the positive attitudes.
Yesterday the EURUSD went back and forward without any clear direction but managed to close in the green near the open of the day with a narrow range, creating a doji pattern.
The currency is still trading above the 10 and 50-day moving averages, which still is a good sign for the bulls is although the previous close showed some indecision.
The key levels to watch are 1.1460 (Resistance), 1.1237 previous resistance now support and the 10-day moving average at 1.1207 (Support).
The currency is still trading above the 10 and 50-day moving averages, which still is a good sign for the bulls is although the previous close showed some indecision.
The key levels to watch are 1.1460 (Resistance), 1.1237 previous resistance now support and the 10-day moving average at 1.1207 (Support).
Arashimuro
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i think it is a triangle on eurusd..waiting for sell from 38 Fibo
fxstrategist
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Eurusd
The EURUSD drops below the 1.1200 level again and it could go lower if the US fundamentals keep coming out better than expected.
The EURUSD drops below the 1.1200 level again and it could go lower if the US fundamentals keep coming out better than expected.
Yesterday the EURUSD fell with a wide range and close in the red near the low of the day.
The currency closed below the 10 and 50-day moving averages, which is not a good sign for the bulls, looks like is going to test the daily support at 1.1097.
The key levels to watch are 1.1237 previous support now resistance, the 10-day moving average at 1.1187 (resistance), 1.1097 (support) and the 200-day moving average at 1.1077 (support).
The currency closed below the 10 and 50-day moving averages, which is not a good sign for the bulls, looks like is going to test the daily support at 1.1097.
The key levels to watch are 1.1237 previous support now resistance, the 10-day moving average at 1.1187 (resistance), 1.1097 (support) and the 200-day moving average at 1.1077 (support).
The single currency registered a decrease against the US dollar on Wednesday and was trading at a price of 1.1175 at the end of the session. Thus euro wiped out all of its gains since the beginning of the week. The daily extremes were reached respectively at 1.1260 and 1.1157. The price went below average values, while the index of relative strength remain in negative territory.
victoriajensen
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I think we may even see it falling until it reaches the support at 1.1080.
Sherif Fares
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EUR/usd rebounded from the support level 1.11560 and let's see how the NFP will turn out to be.
Definitely, the pair is consolidating near 1.1200 level ahead of the release of NFP on Friday, we just have to wait-and-see.
On yesterday’s session the pair continued its downward movement from Tuesday. At the start of session bottomed at 1.1134 but finally the Euro managed to recover, recording moderate growth to a closing price of 1.1193. Additional gains were limited at 1.1208. Currently, the outlook remains neutral, as a break of the respective peak will open the opportunity to test the 100 period moving average at 1.1245. On the downside 1.1080 remains main target.
Yesterday the EURUSD initially fell but quickly found enough buying pressure to turn around and close in the green near the high of the day with a narrow range.
The currency did not had the strength to close above the 10 and 50-day moving averages, which is still sign of weakness to the upside and today we have the nonfarm payrolls data where is expected a rise in jobs of 203K the previous number was 173K.
The key levels to watch are 1.1237 (resistance), the 10-day moving average at 1.1188 (resistance), 1.1097 (support) and the 200-day moving average at 1.1077 (support).
The currency did not had the strength to close above the 10 and 50-day moving averages, which is still sign of weakness to the upside and today we have the nonfarm payrolls data where is expected a rise in jobs of 203K the previous number was 173K.
The key levels to watch are 1.1237 (resistance), the 10-day moving average at 1.1188 (resistance), 1.1097 (support) and the 200-day moving average at 1.1077 (support).
