EUR/USD looks a bit uplifted in today's early hours of the European session. The pair reached a high of 1.1020 and is currently trading at 1.1011. Main trend on the short-term is bullish. Scheduled for later today is the US Consumer Confidence that may create volatility in the pair.
Yesterday the EURUSD tried to rally but found enough resistance at the 10-day moving average to reverse and closed near the low of the day, although closed within the previous day range, which suggests being slightly on the bearish 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 1.1156 (resistance), the 200-day moving average at 1.1126 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1013 (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 1.1156 (resistance), the 200-day moving average at 1.1126 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1013 (resistance) and daily support 1.0900.
fxstrategist
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Eurusd
The EURUSD breaks above the 1.1000 level after the FED announcement and the rally may continue towards the 1.1100 level.
The EURUSD breaks above the 1.1000 level after the FED announcement and the rally may continue towards the 1.1100 level.
The single currency marked an increase against the US dollar on Wednesday. The session started at 1.0985 and closed 72 pips higher. The intraday high was reached at 1.0961 and the low at 1.1064. If the keep the direction, we mayn expect a test of first resistance at 1.1100.
Yesterday the EURUSD initially fell but found enough support at 1.0970 key level to reverse and closed near the high of the day, in addition managed to close above the previous day high, which suggests a strong bullish momentum.
The pair closed above the 10-day moving average that now should act as a dynamic support however it 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 1.1155 (resistance), the 200-day moving average at 1.1126 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1015 (support) and daily support 1.0900.
The pair closed above the 10-day moving average that now should act as a dynamic support however it 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 1.1155 (resistance), the 200-day moving average at 1.1126 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1015 (support) and daily support 1.0900.
victoriajensen
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EUR/USD bounced off the resistance at 1.1120, but if it breaks above it next target is likely 1.1160, which is (MA)89 on the daily time-frame.
The euro rose against the dollar on Thursday. By the end of the trading session EUR/USD was trading at 1.1076, gaining 0.14%.
I believe that the support is now located at the level of 1.0950, Monday's low, and resistance is likely at 1.1119 - a maximum of today's trading.
I believe that the support is now located at the level of 1.0950, Monday's low, and resistance is likely at 1.1119 - a maximum of today's trading.
Tomorrow morning, European banking organization (EBA) will publish the results of stress tests, but the markets are waiting for this event without much interest. EUR/USD reversal points is about the 1.1175/1.1200, where are the highs of the current range.
The single currency marked a modest rise against the US dollar on Thursday. The session started at 1.1057 and closed only 18 pips higher. The graphics continue to develop over the moving averages, while the relative strength index remaine in neutral territory. Should the pair continue to move up, most likely will try test the first resistance at 1.1100.
Yesterday the EURUSD initially rallied but found enough resistance at 1.1097 to trim some of its gains but closed in the green although near the low of the day, in addition managed to close above the previous day high, which suggests a weak bullish momentum.
The pair is trading above the 10-day moving average that is acting as a dynamic support however it 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 1.1154 (resistance), the 200-day moving average at 1.1127 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1018 (support) and daily support 1.0900.
The pair is trading above the 10-day moving average that is acting as a dynamic support however it 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 1.1154 (resistance), the 200-day moving average at 1.1127 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1018 (support) and daily support 1.0900.
The EUR/USD is trading somewhat unchanged compared to yesterday's level. The pair is now 1.1094. In a bit more than an hour we have scheduled the EU GDP (YoY). This may create volatility and if it's positive, we might see price going above 1.1130.
victoriajensen
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EUR/USD is testing the resistance at 1.1120 - 1.1130 once again after retracing from it yesterday. The question is whether the fundamentals today will push it above that level.
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The euro rose against the dollar on Friday. At the closing of trading session EUR/USD has traded at 1.1174, gaining 0.88%.
I believe that the support is now located at the level of 1.0950, Monday's low, and resistance is likely at 1.1197 - a maximum of Friday's trading.
I believe that the support is now located at the level of 1.0950, Monday's low, and resistance is likely at 1.1197 - a maximum of Friday's trading.
The EUR/USD continued to restore the level of 1.1170, further rise is unlikely for the pair. Particular attention should be paid to the rate of inflation next week, because ECB will be guided by it when adopting additional easing measures at the next meeting.
The euro/dollar on Friday afternoon has grown against the background of weak statistics in the United States. The pair ended the day at 11,72. Since the beginning of the trading session the pair rose by 1.4%. The dollar fell because in the second quarter 2016 US GDP was much worse than expected and amounted only 1.2% q/q instead of expected 2.6%.
