victoriajensen
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The NFP finally gave EUR/USD the push to break above 1.1240 and I think it will likely even reach 1.1360 - 1.1370.
Sherif Fares
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NFP lower than expected but still the EUR/USD didnt find enough support and rebounds from 1.1290 resistance
Sherif Fares
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EUR/USD will continue to drop by the beginning of the week now price is under a resistance level of MVA 20, I wish everyone a good weekend and a successful trading next week.
fxstrategist
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Eurusd
The EURUSD retraces to the 1.1200 level, it may even try to break it to the downside.
The EURUSD retraces to the 1.1200 level, it may even try to break it to the downside.
The single currency ended the week with a small increase of 9 points. The pair registered a volatile session due to the US employment report. The resistance at 1.1290 endured the test and daily extreme levels were recorded respectively at 1.1150 and 1.1317. Currently the expectations are negative as next target is the levels at 1.1180.
On Friday session the EURUSD initially rallied with a wide range but gave out most of its gains back to the market, but still managed to close in the green near the open of the day.
The pair is making a downward triangle since late August suggesting a move of 626 pips on the break of the triangle until them we may expect a range bound move.
The key levels to watch are 1.1460 (Resistance), 1.1237 (resistance), the 10-day moving average at 1.1206 (support) and 1.1097 (support).
The pair is making a downward triangle since late August suggesting a move of 626 pips on the break of the triangle until them we may expect a range bound move.
The key levels to watch are 1.1460 (Resistance), 1.1237 (resistance), the 10-day moving average at 1.1206 (support) and 1.1097 (support).
Sherif Fares
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EUR/USD rebounded from 1.1230 and is facing support level 1.1160, between both resistance and support the market looks undecided I will wait for a break to take a decision.
victoriajensen
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At this point I doubt anything short of Fed changing the interest rates will end the EUR/USD range.
Yesterday the EURUSD tried to rally fell but found yet gain enough selling pressure to reverse and close in the red near the low of the day with a narrow range, creating an inside day.
The currency closed below the 10 and 50-day moving averages signaling that the bulls are losing control in the short-term although it continues in a range bound move around the two moving averages.
The key levels to watch are 1.1460 (Resistance), 1.1237 (resistance) and 1.1097 (support).
The currency closed below the 10 and 50-day moving averages signaling that the bulls are losing control in the short-term although it continues in a range bound move around the two moving averages.
The key levels to watch are 1.1460 (Resistance), 1.1237 (resistance) and 1.1097 (support).
Sherif Fares
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EUR/USD a break over yesterday's highest price resistance levels will push the price towards the next resistance level 1.1370.
Yes, I agree with your analysis.
victoriajensen
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I think it will have to break above the resistance at 1.1280 first before reaching 1.1370.
fxstrategist
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Eurusd
Possible breakout of the 1.1300 on the EURUSD, if it does then the bullish momentum accelerates.
Possible breakout of the 1.1300 on the EURUSD, if it does then the bullish momentum accelerates.
The euro began the second day of the week with a significant increase against the US dollar. Bulls prevailed and the single currency rebounded from support at 1.1180. The euro added 84 pips at a closing price of 1.1269 points. If the price continues to rise, the pair will reach the first resistance at 1.1290.
