The euro is down against the US Dollar on Friday. EUR/USD is trading at 1.1102, shedding 0.17%. I believe that the support is now located at the level of 1.0968, Monday's low, and resistance is likely at the level of 1.1155 - maximum of Thursday.
victoriajensen
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With no major fundamentals coming out today consolidation will likely continue. However, there is also a hanging man candlestick that formed yesterday on the daily time-frame, so next week we might see another move to the downside.
arigoldman
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I think it's going up.
The euro recorded a slight increase against the dollar on Friday. The session started at 1.1106, the price rebounded from the first support at 1.1100 and closed at 1.1134. If the price continues to rise the pair will head to the resistance located at 1.1286.
On the last Friday’s session the EURUSD went back and forward with a narrow range but closed in the green although in the middle of the daily range and managed to close within the previous Thursday’s range, which suggests being clearly neutral, neither side is showing control.
The pair continues to close above the 200-day moving average that is acting as a dynamic support but continues trading below the 10 and 50-day moving averages that are acting as dynamic resistances.
The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1162 (resistance), a daily support at 1.1097, the 200-day moving average at 1.1086 (support) and Fridays low at 1.0912 (support).
The pair continues to close above the 200-day moving average that is acting as a dynamic support but continues trading below the 10 and 50-day moving averages that are acting as dynamic resistances.
The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1162 (resistance), a daily support at 1.1097, the 200-day moving average at 1.1086 (support) and Fridays low at 1.0912 (support).
victoriajensen
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EUR/USD is still forming a flag after the big drop caused by Brexit. Next target is likely 1.1180, but let's not forget that the NFP will be announced at the end of the week so we can probably expect more volatility to come.
fxstrategist
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Eurusd
The EURUSD has retraced somewhat, but we are still waiting for a breakdown of the 1.1100 or the 1.1200 to the upside.
The EURUSD has retraced somewhat, but we are still waiting for a breakdown of the 1.1100 or the 1.1200 to the upside.
The single currency marked a modest rise against the US dollar on Monday. The pair opened at 1.1129 and closed just 24 pips higher. The intradau high was reached at 1.1159. On the upward the first resistance is located at 1.1286. Key support remains 1.1100.
Yesterday EURUSD initially fell but found enough support at 1.097 to turn around, closing near the high of the day, in addition managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.
The pair managed to close above the 10-day moving average and continues to trade above the 200-day moving average that is acting as a dynamic support but continues trading below the 50-day moving average is acting as dynamic resistance.
The key levels to watch are: A daily resistance at 1.1237, the 50-day moving average at 1.1235 (resistance), the 10-day moving average at 1.1105 (support), a daily support at 1.1097, the 200-day moving average at 1.1092 (support) and Fridays low at 1.0912 (support).
The pair managed to close above the 10-day moving average and continues to trade above the 200-day moving average that is acting as a dynamic support but continues trading below the 50-day moving average is acting as dynamic resistance.
The key levels to watch are: A daily resistance at 1.1237, the 50-day moving average at 1.1235 (resistance), the 10-day moving average at 1.1105 (support), a daily support at 1.1097, the 200-day moving average at 1.1092 (support) and Fridays low at 1.0912 (support).
victoriajensen
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EUR/USD reached 1.1180 as I thought it would but it also bounced off of it immediately and now the pair is back in the zone between 1.1130 - 1.1150, forming a tight range, as it has done since Friday.
The EUR/USD reached its highest point in today's session going to 1.1186. After the peak the pair was immediately depreciated and is now trading at 1.1156. Current market price appears to be in the middle of today's low and high and if it continues like this we might expect further depreciation.
The single currency marked a sharp drop against the dollar on Tuesday. The pair opened at 1.1152 and the euro lost 77 pips. After a volatile session, the price managed to break through the first support at 1.1100. If the movement to the downward continue, we can expect a breakthrough of the support at 1.0980.
Yesterday EURUSD tried to rally but found enough selling pressure to reverse, closing near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.
The pair managed to close below the 10 and the 200-day moving averages and now is trading below all 3 moving averages the 10, 50 and 200 that should act as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1235 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1096 (resistance), the 200-day moving average at 1.1092 (resistance) and Fridays low at 1.0912 (support).
The pair managed to close below the 10 and the 200-day moving averages and now is trading below all 3 moving averages the 10, 50 and 200 that should act as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1235 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1096 (resistance), the 200-day moving average at 1.1092 (resistance) and Fridays low at 1.0912 (support).
victoriajensen
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EUR/USD dropped to 1.1035, but today it also formed a spinning top candlestick above the support at that level on the four-hour time-frame, so I think we can likely expect a new move to the upside.
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The EUR/USD is trading lower in today's session and made a low of 1.1036. The pair reacted with a sharp drop after it touched a prior pivot point at 1.1186 and was quickly depreciated. The EUR/USD is now slightly recovered and is trading at 1.1074.
