arigoldman
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Bearish on this pair.
victoriajensen
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EUR/USD is still stuck in a tight range and it's unlikely it will end in the next few days. Next target is probably 1.1000 again.
fxstrategist
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Eurusd
The EURUSD falls again to the 1.1000 level, but once again, it couldnt break below it. The pair may try to go back to the 1.1100 level.
The EURUSD falls again to the 1.1000 level, but once again, it couldnt break below it. The pair may try to go back to the 1.1100 level.
The euro recorded a decrease against the dollar during yesterday's session, which came out to loss from the beginning of the week. The pair fell 55 pips to a closing price of 1.1019. The price remains below averages, while the index of relative strength lost ground. Main target appear to be the levels of psychological barrier at 1.1000.
Yesterday EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below the previous day low, thus suggesting a strong bearish momentum.
The pair managed to close below the 10-day moving average that should now act as dynamic resistance 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 1.1176 (resistance), the 200-day moving average at 1.1115 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1060 (support) and daily support 1.0900.
The pair managed to close below the 10-day moving average that should now act as dynamic resistance 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 1.1176 (resistance), the 200-day moving average at 1.1115 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1060 (support) and daily support 1.0900.
victoriajensen
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The pair broke below the support at 1.1000 and reached 1.0980 but then retraced to the upside again. Let's see how the ECB press-conference will affect it tomorrow.
The pair remained without any significant changes during yesterday's session, continuing to consolidate around the psychological level at 1.1000. The euro traded within 1.1029 and 1.0981 over a three-week bottom, and ultimately lost 7 pips to 1.1012. The prevailing sentiment continues to be negative, but given the impossibility of breaking the ongoing movement range, a recovery to average values is possible.
Yesterday EURUSD initially fell but found enough buying pressure to trim most of its losses but still closed in the red, but 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 continues to trade below the 10, 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 1.1172 (resistance), the 200-day moving average at 1.1117 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1056 (resistance) and daily support 1.0900.
The pair continues to trade below the 10, 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 1.1172 (resistance), the 200-day moving average at 1.1117 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1056 (resistance) and daily support 1.0900.
victoriajensen
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There is a spinning top candlestick on the daily time-frame above the support at 1.0980 so we might see a new move to the upside. That said, the ECB press-conference should begin soon as well, let's hope it will provoke more than whipsaws on the market.
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