On yesterday’s session the euro continued to increase against the dollar for a second day and added 31 pips to a closing price of 1.0918. Extreme values for the session were reached respectively at 1.0939 and 1.0884. In view of the movement of the pair in range, the outlook remains neutral in the short term.
Yesterday the EURUSD rose again with a narrow range, but this time managed to close near the high of the day, furthermore closed above the previous day range, suggesting a strong bullish momentum.
The pair closed above the 10 and the 50-day moving averages that are acting as dynamic support.
The key levels to watch are: The 200-day moving average at 1.1028 (resistance), the previous swing high at 1.0967 (resistance), the 50-day moving average at 1.0893 (support), the 10-day moving average at 1.0874 (support) and the last swing low at 1.0810 (Support).
The pair closed above the 10 and the 50-day moving averages that are acting as dynamic support.
The key levels to watch are: The 200-day moving average at 1.1028 (resistance), the previous swing high at 1.0967 (resistance), the 50-day moving average at 1.0893 (support), the 10-day moving average at 1.0874 (support) and the last swing low at 1.0810 (Support).
victoriajensen
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EUR/USD finally broke above the resistance at 1.1000. Next target is 1.1100, but in a longer term it might climb to the resistance at 1.1350.
Sherif Fares
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the market was waiting for the break over the resistance level 1.0900 and now price spiked over 1.1100 overall that is a good day.
The single currency recorded considerable profits on Wednesday session and thus managed to overcome its recent upwards range. The euro added nearly 200 pips to a closing price of 1.1102. The daily extreme values were reached respectively at 1.1137 over three-month high and 1.0903. The index of relative strength highlights the dominance of bulls as immediate goal appears to be 1.1105.
Yesterday the EURUSD rallied again with a wide range and managed to close near the high of the day, furthermore closed above the previous day range, suggesting a strong bullish momentum.
The pair continues to close above the 10 and the 50-day moving averages that are acting as dynamic support, and closed for the first time in three months above the 200-day moving average.
The key levels to watch are: The daily resistance at 1.1236, the daily resistance at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0874 (support) and the 50-day moving average at 1.0893 (support).
The pair continues to close above the 10 and the 50-day moving averages that are acting as dynamic support, and closed for the first time in three months above the 200-day moving average.
The key levels to watch are: The daily resistance at 1.1236, the daily resistance at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0874 (support) and the 50-day moving average at 1.0893 (support).
victoriajensen
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The pair retraced back below 1.1200 and will probably continue falling towards 1.1160, but that move to the downside is likely only temporary.
Sherif Fares
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Another good bullish day on EUR/USD but I guess there will be a pause here, on the 4 hours chart the market formed a doji which makes me cautious.
Yesterday the EURUSD continued the rallied but with a narrow range and managed to close near the high of the day, furthermore closed above the previous day high, suggesting a strong bullish momentum.
However it made a pause on mid-term resistance at 1.1236 possibly waiting for today’s nonfarm payrolls number.
The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1556, other daily resistance at 1.1460, daily support at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0965 (support) and the 50-day moving average at 1.0910 (support).
However it made a pause on mid-term resistance at 1.1236 possibly waiting for today’s nonfarm payrolls number.
The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1556, other daily resistance at 1.1460, daily support at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0965 (support) and the 50-day moving average at 1.0910 (support).
arigoldman
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Interesting move to the downside after the NFPs.
victoriajensen
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The NFP pushed EUR/USD down and it will probably continue falling towards 1.1100. The question is whether this is the end of the move to the upside.
Sherif Fares
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There is nothing in front of the pair to continue climbing MA and resistance levels are broken.
