EUR/USD marked a fall during yesterday's session amid a relatively volatile trading. The daily extreme values were reached respectively at 1.1453 and 1.1337 and after all the pair finished at known ground - 1.1376. Technically the bulls continue to dominate. Levels at 1.1435/50 remain a major challenge.
Yesterday EURUSD tried to rally but found enough resistance to turn around, giving back to the market all its gains and closed near the low of the day, however managed to close within the previous day range, suggesting a weak bearish momentum.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
This week the pair consolidated its gains and is having a tough time in pushing upward. So if you’re experienced a lot of losses this week try not get emotional affected because this week the pair has been extremely difficult to trade, let’s see what the next week will bring.
The key levels to watch are: A daily resistance at 1.1555, other daily resistance at 1.1456, the 10-day moving average at 1.1370 (support), the previous swing high at 1.1342 (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.
This week the pair consolidated its gains and is having a tough time in pushing upward. So if you’re experienced a lot of losses this week try not get emotional affected because this week the pair has been extremely difficult to trade, let’s see what the next week will bring.
The key levels to watch are: A daily resistance at 1.1555, other daily resistance at 1.1456, the 10-day moving average at 1.1370 (support), the previous swing high at 1.1342 (support) and daily support at 1.1237.
The main support for the current bullish momentum is located around $1.1330, where pinned previous peaks. While staying above, the outlook remains bullish with marking next target at $1.1450, despite the consolidation from the few past days.If the support slumps, the euro eventually will plunge to $1.13 or lower, with another major bullish support at $1.12.
On weekly timeframe last candle figure out doji candle which represent demand and supply in equilibrium area, still not yet getting best timing to determine the next trend for eurusd, waiting next week whether this pair will breakout or still on range daily
On the last Friday’s session the EURUSD initially fell but quickly recovered and closed in the middle of the daily range with a narrow range, creating an inside day, 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.
The key levels to watch are: A daily resistance at 1.1555, other daily resistance at 1.1456, the 10-day moving average at 1.1372 (support), the previous swing high at 1.1342 (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.
The key levels to watch are: A daily resistance at 1.1555, other daily resistance at 1.1456, the 10-day moving average at 1.1372 (support), the previous swing high at 1.1342 (support) and daily support at 1.1237.
Today market I see eurusd still move on narrow movement,. daily timeframe figure out small body candlestick and from high to low movement around fifty five pips, still move on daily ranging market, and not yet clear will uptrend or down trend, but certain trader he said if eurusd will uptrend
The EUR/USD is trading higher today but it still remains in the range it's been in for the past few days. Once we see a break above 1.1460 then we might conclude that the sideways movement is over and the pair will go further up. Currently the EUR/USD is trading at 1.1435.
The single currency marked a humble decline against the US dollar on Monday. The choppy trading pushed the pair to lose 12 pips, to a closing price of 1.1404. If the direction continue to run down, the euro will face the first support at 1.1286.
EUR/USD is trading lower today reaching 1.1434 and currently trading at 1.1425. Price appears to be trading sideways range bound between 1.1350 and 1.1450. Should we see a break above 1.1480 then we may consider that the EUR/USD is on its way North. Until then market sentiment remains bearish with first target 1.1310 and second target 1.1290.
Yesterday EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition managed also to close within the previous day range, suggesting lack of 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 1.1555, other daily resistance at 1.1456, the 10-day moving average at 1.1396 (support), the previous swing high at 1.1342 (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.
The key levels to watch are: A daily resistance at 1.1555, other daily resistance at 1.1456, the 10-day moving average at 1.1396 (support), the previous swing high at 1.1342 (support) and daily support at 1.1237.
arigoldman
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I'm bearish on this one.
victoriajensen
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EUR/USD is pretty bearish at the moment, even though the pair bounced off the support at 1.1350. It will likely test that support again and if it breaks below that level it will probably continue falling towards 1.1300.
fxstrategist
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Eurusd
The Euro is still showing high volatility with no clear direction, oscillating around the 1.1400 level.
The Euro is still showing high volatility with no clear direction, oscillating around the 1.1400 level.
