Still the pair is hanging on a flat 200-day moving average, where the strong resistance at $1.11 is actual and seems the line will not be blurred soon. Next resistance levels are located at $1.1495 and $1.1601. Looking downward, major support is seen at $1.0785 and $1.0465.
The euro recorded an increase against the dollar on Wednesday. The single currency justified the positive expectations and managed to gain positions. However, the pair still remains far from the resistance at 1.1183. If bullish sentiment continue in the future, the key level will be tested. The session started at 1.1059 and closed 29 pips higher.
Yesterday EURUSD rose with a wide range and closed in the green, near the high of the day, however 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 that now should act as a dynamic support but continues to trade below 2 moving averages the 50 and 200 that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1193 (resistance), the 200-day moving average at 1.1105 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1082 (support) and daily support 1.0900.
The pair managed to close above the 10-day moving average that now should act as a dynamic support but continues to trade below 2 moving averages the 50 and 200 that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1193 (resistance), the 200-day moving average at 1.1105 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1082 (support) and daily support 1.0900.
volfixtrader
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This is a strong level on 1.114 was accumulated. To break it we need a big volumes above. I prefere sell in middle term.
victoriajensen
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EUR/USD broke above 1.1100 again today and continued climbing. It's next target is likely 1.1190, which is (MA)89 on the daily time-frame.
The EUR/USD reached a high of 1.1164 in today's session after the Bank of England announced it's keeping the key interest rate unchanged. Market participants did not expect that and EUR and GBP saw a surge. Have in mind that this rally might prove to be short-lived. Current market price 1.1146.
Yesterday EURUSD rallied but found enough selling pressure to give back to the market some of its gains but managed to close in the green, although near the low of the day and closed within the previous day range, which suggests being slightly on the bearish side of neutral.
The pair managed to close above the 200-day moving average that now should act as a dynamic support and continues to trade above the 10-day moving average that is acting as dynamic support but the 50-day moving average is acting as dynamic resistance.
The key levels to watch are: The 50-day moving average at 1.1190 (resistance), the 200-day moving average at 1.1107 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1080 (support) and daily support 1.0900.
The pair managed to close above the 200-day moving average that now should act as a dynamic support and continues to trade above the 10-day moving average that is acting as dynamic support but the 50-day moving average is acting as dynamic resistance.
The key levels to watch are: The 50-day moving average at 1.1190 (resistance), the 200-day moving average at 1.1107 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1080 (support) and daily support 1.0900.
EUR/USD is trading quietly today so far as we have important US data scheduled for later today. The pais is trading between 1.11 and 1.1150. Main trend on the short-term is bullish as we are above the 200SMA and into the fifth day of consecutive gains.
On the next week there will be a meeting of the ECB. The banking crisis that Europe has faced, needs more attention from politicians rather than the monetary authorities. However, the last week, this problem did not thrilled the markets. Keep an eye on the levels of 1.1000 and 1.1200+ - the breakdown of one of them will give quotes movement, which the single currency didn't experienced since March (except for reaction to Brexit).
The euro was down against the US Dollar on Friday. At the close of trading session EUR/USD is traded at 1.1029, shedding by 0.83%. I believe that the support is now located at the level of 1.1014, Monday's low, and resistance is likely to be the level of 1.1166 - the maximum of Thursday.
fxstrategist
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Eurusd
No clear direction on the EURUSD, the consolidation continues. Waiting for breakout of the 1.1000 level or the 1.1200 level.
No clear direction on the EURUSD, the consolidation continues. Waiting for breakout of the 1.1000 level or the 1.1200 level.
The single currency marked a decrease on Friday and erased most of its weekly gains. The euro depreciated by 49 pips to a closing price of 1.1068. The pair continues to move in the range defined by the levels at 1.1185 and 1.1020, as negative attitudes prevail.
On the last Friday’s session the EURUSD initially rose but found enough selling pressure to give back to the market all its gains and closed in the red, near the low of the day and managed to close below Thursday’s range, suggesting a strong bearish momentum.
The pair managed to close below the 10 and 200-day moving averages that should now act as dynamic resistances and continues to trade below the 50-day moving average that is acting as dynamic resistance.
The key levels to watch are: The 50-day moving average at 1.1186 (resistance), the 200-day moving average at 1.1109 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1069 (resistance) and daily support 1.0900.
The pair managed to close below the 10 and 200-day moving averages that should now act as dynamic resistances and continues to trade below the 50-day moving average that is acting as dynamic resistance.
The key levels to watch are: The 50-day moving average at 1.1186 (resistance), the 200-day moving average at 1.1109 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1069 (resistance) and daily support 1.0900.
The single currency started the week with a moderate growth of 28 pips to 1.1074. The daily movement marked a one-week low at the level of 1.1037, then the price has recovered to 1.1083. EUR/USD continues to trade within a familiar zone once a day as a breakthrough of levels at 1.1185 or 1.1020 will indicate the prevailing sentiment.
Yesterday EURUSD rose with a narrow range and closed near the high of the day, in addition managed to closed within the previous day range, creating an inside day pattern plus suggests being slightly on the bullish side of neutral.
The pair managed to close above the 10-day moving average that should now act as dynamic support and continues to trade below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1180 (resistance), the 200-day moving average at 1.1113 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1065 (support) and daily support 1.0900.
The pair managed to close above the 10-day moving average that should now act as dynamic support and continues to trade below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1180 (resistance), the 200-day moving average at 1.1113 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1065 (support) and daily support 1.0900.
