Yesterday the EURUSD pair moved back and forward with lack of direction closing in the red near the open of the day, making a Doji pattern. This candlestick is often used to signal indecision about the future direction of the currency so today a break above its high or a break below its low will set the trend for the day.
The euro recorded a decrease on Wednesday session after fluctuating trade throughout the day. The session started at a price of 1.0933 just before lunch the single currency reached the highest level for the day at 1.0965. In the afternoon the price went down sharply, reaching a daily low at 1.0869. The pair ended the day at 1.0927 and if the direction go downwards, we can expect a break of the support at 1.0817.
victoriajensen
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EUR/USD is testing the resistance at 1.1000 again. Should it manage to break above that level it will probably continue towards the resistance at 1.1070, which coincides with the (89)MA on the daily filter chart.
Sherif Fares
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I fully Agree for the second day the price is testing the resistance levels.
fxstrategist
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The EURUSD
The EURUSD has found a good resistance around the 1.1000 level, it has not been able to confirm a breakout above that level, and depending on tomorrow's fundamentals out of the EU, the pair may break or bounce to the downside from that level.
The EURUSD has found a good resistance around the 1.1000 level, it has not been able to confirm a breakout above that level, and depending on tomorrow's fundamentals out of the EU, the pair may break or bounce to the downside from that level.
Yesterday the EURUSD rose breaking above the 10-day moving average and closed in the green near the high of the day. This movement suggests another push upward today but only above previous day high at 1.1018 and if the currency does not overcome that level we may expect some kind of consolidation.
The single currency registered an increase against the dollar on Thursday after an upward trend throughout the day. The session started at a price of 1.0926, and in the afternoon the pair reached the highest level for the day at 1.1016. The day ended at a price of 1.0982 and if the upward move continues it’s most likely to break the first resistance at 1.1034.
victoriajensen
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Today was another relatively slow day for EUR/USD and the pair once again failed to break above 1.1000. It looks like we'll have to wait until next week for that to happen.
Sherif Fares
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for the third time last week EUR/USD closes at the open price, the market is still uncertain
EUR did not change significantly on Friday despite a relatively volatile session. The pair failed to break the levels at 1.0994 by which followed a drop to 1.0924. Ultimately, the euro recorded a successful week, gaining 1.4% against the dollar to 1.0977.The relative strength index passed in positive territory, but the pair remains below 100-period moving average. Break of 1.1020 will target EUR / USD at 1.1080.
fxstrategist
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Eurusd
Another push higher on the EURUSD to the 1.1100 level, but no clear direction on the longer term.
Another push higher on the EURUSD to the 1.1100 level, but no clear direction on the longer term.
On Friday session the EURUSD pair moved back and forward with lack of direction closing in the red near the open of the day on a narrow range day, making an inside day. Although the currency did not moved much it managed to close above the 10-day moving average for the 2nd day in the row, suggesting that short term bulls are in control and we may expect an upward move to Fibonacci level of 38.2% (resistance) at 1.1058 or even to a daily resistance at 1.1097.
victoriajensen
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EUR/USD finally broke above the resistance at 1.1000 and then the one at 1.1080 that coincides with the (89)MA on the daily filter chart. The pair is probably headed towards target 1.1170.
Sherif Fares
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looks like EUR/USD is testing 1.1100 after a gain of 100 pips but Iam still with the trading with cautious idea until I see a clear signal.
The single currency recorded a significant growth against the dollar on Monday, which was trading at a two-week high at the end of the session. The euro rose to a figure close to the final value of 1.1086. The peak of the day was recorded at 1.1127 while the bottom - at 1.0968. The graphics developed over moving averages, and as the relative strength index alludes to the dominance of the bulls. Establishment of the couple over the border at 1.1100 will strengthen the positive attitudes.
