Sherif Fares
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EUR/USD opened over the support/resistance line 1.1000 but still all day long the pair is moving in tight range.
victoriajensen
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The range will probably continue until the US Change in Non-Farm Payrolls on Friday.
fxstrategist
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Eurusd
1.1000 level, good support for the EURUSD, but this week's fundamentals may change that.
1.1000 level, good support for the EURUSD, but this week's fundamentals may change that.
The euro registered a neutral trading against the dollar on Monday. The pair started the session at higher levels and vary within extremely narrow range throughout. The start was given at a price of 1.1033, and ended 19 pips below. Peak of the day was reached at 1.1052, and the difference between the highest and lowest value was 52 pips. If the single currency justify positive expectations, resistance at 1.1095 will be broken soon.
Yesterday the EURUSD initially rose but yet again found enough selling pressure to reverse and closed in the red near the low of the day, shy below the 10-day moving average.
The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1088 (resistance), the 10-day moving average at 1.1012 (support) and 1.0900 (support).
The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1088 (resistance), the 10-day moving average at 1.1012 (support) and 1.0900 (support).
victoriajensen
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If EUR/USD breaks below the resistance at 1.0897 next target will likely be 1.0830.
Sherif Fares
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1.0960 still proves a strong support level for EUR/USD, let's see what Draghi will say tonight.
The single currency registered a slight decrease against the dollar on Tuesday.The pair moved closer to the support at 1.0894 and if bearish sentiment boost, it will be broken soon. The session started at a price of 1.1014 as at the beginning the trend was neutral. The euro started losing ground in the late morning and continue until reaching the lowest levels of the day at the level of 1.0937. The session finished at 1.0961.
Yesterday the EURUSD fell with a wide range and closed in the red near the low of the day, below the 10-day moving average.
The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1090 (resistance), the 10-day moving average at 1.0996 (support) and 1.0900 (support).
The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1090 (resistance), the 10-day moving average at 1.0996 (support) and 1.0900 (support).
victoriajensen
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We still have to see what the result of the NFP will be, but they could potentially push the pair much lower than 1.0800.
Sherif Fares
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EUR/USD broke under support level 1.1000 next level is July low 1.0810, lets see how the NFP will go on Friday.
The euro recorded a significant decrease against the dollar on Wednesday. The single currency registered losses for a second day and consequently both supports at 1.0894 and 1.0852 were broken. The expectations remain in favor of the US dollar, the negative trend is likely to continue until reaching the key level at 1.0806. Wednesday session started at 1.0961, and the euro finished with 98 pips lower. Bottom of the day was hit at 1.0844.
Yesterday the EURUSD fell with a wide range and closed in the red near the low of the day, breaking below the 1.0900 support.
The key levels to watch are 1.1097 (Resistance), the 10-day moving average at 1.0974 (resistance), 1.0900 (Resistance) and 1.0819 (support).
The key levels to watch are 1.1097 (Resistance), the 10-day moving average at 1.0974 (resistance), 1.0900 (Resistance) and 1.0819 (support).
