EUR/USD recorded a weak growth record on Thursday. The positive session on Wednesday was extended, but the pair still remains below the resistance at 1.1004. It is expected that this level soon to be overcome, having in mind that short-term indicators are in favor of the single currency. The dynamic trade on Thursday launched at a price of 1.0905, as the peak of the day was recorded early in the morning at level 1.0942. The day ended at 19 pips higher.
victoriajensen
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Unfortunately not even the US Non-farm payrolls could end the EUR/USD consolidation. There was a lot of volatility but ultimately range continues. Right now the pair is testing the resistance at 1.0970, but today is Friday, so even if it breaks above it I doubt it'll reach the next resistance around 1.1070 before next week.
Check out the article: Marc Faber: Forget a Fed rate hike; QE4 coming. It would mean Eur/Usd change trend.
fxstrategist
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Eurusd
The Dollar could not hang to its gains versus the Euro and the EURUSD goes back up above the 1.0900 level.
The Dollar could not hang to its gains versus the Euro and the EURUSD goes back up above the 1.0900 level.
The single currency recorded a growth of third day against the dollar on Friday, but failed to make progress for the week. The euro rose by 35 pips to a closing price of 1.0958. The daily final readings were reached respectively at 1.0977 and 1.0855. The price went above the average values, while the index of relative strength develops in positive territory, alluding to the preponderance of bulls in the short term. Key levels for determinining the long-term attitudes remain 1.1130 and 1.0810.
Sherif Fares
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on the Long term the EUR/USD still bearish due to the weakness of the Euro, but now the price is trading around a key point 1.1000 a break above it might be a chance for a position with target 1.1090
victoriajensen
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The EUR/USD range continues for now. The pair broke above the resistance at 1.0970 and will probably reach 1.1080 next.
The single currency continued the winning performance from last week and yesterday rose nearly 60 pips against the dollar to a closing price of 1.1018. Movement scored a peak at 1.1040, while the lowest point was reached at 1.0925. EUR / USD failed to confirm the break of 1.1020, but the price remains above the average values and the indicator of the relative strength hints dominance of the bulls.
Sherif Fares
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Reached target 1.1090 now I wait for the upswing to be exhausted and go short.
victoriajensen
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Not only did EUR/USD bounce off the resistance at 1.1090 but it also formed a great shooting star candlestick on the 4-hour filter chart right under the resistance, so I think we can expect another move to the downside.
The single currency continued to add value against the dollar for the fifth consecutive day on Tuesdayby which was trading at two-week high at the end of the session. The euro rose by nearly 20 pips to a closing price of 1.1040. The final values were recorded respectively at 1.1086 and 1.0960. Currently prevailing attitudes are positive, but for continuing growth is necessary to overcome the resistance at 1.1130.
Sherif Fares
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it looks like the EUR/USD is heading for fibo 23.6% at price 1.1290.
EUR/USD continued to add value for the sixth consecutive day on Wednesday and EUR ended the session on a six-week peak. The single currency gained over 110 pips to a closing price of 1.1156. Additional gains were limited at 1.1212. The movement managed to overcome the levels at 1.1130, which encouraged the Bulls. Attitudes remain positive and 1.1270 – the next target.
victoriajensen
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First it has to break above the resistance coinciding with the previous high at 1.1215. That said, I think it's very possible it will be able to do that.
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