The EUR/USD is trading higher in today's session after it became clear that Janet Yellen is not going to raise rates next month. Traders and investors read her commentaries as bearish for the dollar and the pair surged to 1.1250 mid-event. Early this morning the EUR/USD made a high of 1.1330, first resistance and is now trading at 1.1312.
arigoldman
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Interesting set up is forming on daily.
victoriajensen
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EUR/USD bounced off the resistance at 1.1370, but I think it will reach at least 1.1400 eventually.
On Wednesday, the Chicago Fed President Charles Evans supported the position of the head of the US central bank's Janet Yellen and suggested that a raise of the rate at the April meeting is less possible.
In an interview with CNBC Chicago Fed president added that he would be surprised if all the conditions for the raise of the rate will be executed until the next meeting in April, although he noted that the rise could happen in June, when the labor market will continue to strengthen.
In an interview with CNBC Chicago Fed president added that he would be surprised if all the conditions for the raise of the rate will be executed until the next meeting in April, although he noted that the rise could happen in June, when the labor market will continue to strengthen.
The euro recorded fourth consecutive successful session against the dollar on Thursday. The single currency continued the positive momentum that started earlier in the week and as a result broke the resistance at 1.1376. If bulls continue to prevail, the pair might break the key level at 1.1439.
On Wednesday the EURUSD rallied but this time with a narrow range and closed in the middle of the daily range, however managed to close above the previous day high, suggesting bullish momentum.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: A daily resistance at 1.1456, the 2016 high at 1.1376 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1230 (support) and the 50 day moving average at 1.1130.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: A daily resistance at 1.1456, the 2016 high at 1.1376 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1230 (support) and the 50 day moving average at 1.1130.
Yesterday EURUSD rallied again but this time with a wide range and closed near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
Today is a BIG day, non-farm payrolls day which will bring a lot of volatility to the market however we might see a strong pullback due to the strong rally from these past few days.
The key levels to watch are: A daily resistance at 1.1555, other daily resistance at 1.1456, the previous swing high at 1.1342 (support), the 10-day moving average at 1.1248 (support), and daily support at 1.1237.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
Today is a BIG day, non-farm payrolls day which will bring a lot of volatility to the market however we might see a strong pullback due to the strong rally from these past few days.
The key levels to watch are: A daily resistance at 1.1555, other daily resistance at 1.1456, the previous swing high at 1.1342 (support), the 10-day moving average at 1.1248 (support), and daily support at 1.1237.
victoriajensen
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EUR/USD broke above 1.1400 but it also retraced and formed a doji candlestick on the four-hour time frame, so I think we can expect it to fall towards 1.1330 again.
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EUR/USD is trading lower after stronger than expected US monthly report. The pair was in buy mode for the week until the latest NFP data was announced and the dollar surged going back below 1.14, making a low of 1.1334. Be aware that 1.1410 is resistance and dollar bulls will try to keep price under this level.
During the last week bulls supported the single currency and pushed it to six-month high at 1.1437. The euro gained almost 220 pips for the week to a closing price of 1.1389. From the USD perspective, the negative trend continues with bulls trying to cap the important 1.15 level. Having in mind the overbought circumstances, correction is not excluded to 1.1290.
On the last Friday’s session the EURUSD went back and forward without any clear direction although with a wide range and closed in the middle of the daily range, in addition closed within the previous day range, suggesting lack momentum and indecision among investors.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
On Friday the non-farm payrolls came out better than expected at 215K however the unemployment rate came out at 5.0% showing a rise of 0.1%.
The key levels to watch are: A daily resistance at 1.1555, other daily resistance at 1.1456, the previous swing high at 1.1342 (support), the 10-day moving average at 1.1248 (support), and daily support at 1.1237.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
On Friday the non-farm payrolls came out better than expected at 215K however the unemployment rate came out at 5.0% showing a rise of 0.1%.
The key levels to watch are: A daily resistance at 1.1555, other daily resistance at 1.1456, the previous swing high at 1.1342 (support), the 10-day moving average at 1.1248 (support), and daily support at 1.1237.
arigoldman
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1.12 next come on!
victoriajensen
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The doji candlestick on the four-hour time-frame I mentioned last Friday had the expected result and EUR/USD fell to 1.1330. That said, the pair is once again testing the resistance at 1.1400 and I still think that if it breaks above that level it will eventually reach 1.1500.
Forex Strategists at Morgan Stanley noted that cautious comments by Federal Reserve Chairman Janet Yellen supported the single currency.
Analysts do not exclude the possibility of continuing growth to the area 1,16 to 1,17, but keeping these levels would be problematic. At the same time, there are compelling catalysts for downtrend in EUR/USD, so by Morgan Stanley express neutral expectations.
Analysts do not exclude the possibility of continuing growth to the area 1,16 to 1,17, but keeping these levels would be problematic. At the same time, there are compelling catalysts for downtrend in EUR/USD, so by Morgan Stanley express neutral expectations.
