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honeill (honeill)
Oct 12 2017 at 09:29
1141 posts
On yesterday session, the EURUSD rose again but this time with a narrow range and closed near the high of the day, in addition the currency pair managed to close above Tuesday’s high, which suggests a strong bullish momentum.

The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above the 10 and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1861 (resistance), a daily support at 1.1829, the 10-day moving average at 1.1767 (support), a daily support at 1.1753 and a key level at 1.1684 (support).

"I trade to make money not to be right."
idimitrov
Oct 12 2017 at 09:58
421 posts
Euro / dollar continued its inertia up yesterday, sliding over the resistance 1.1850. The outlook remains bullish so far, but a clear break above 1.1900 is needed to further confirm that the downward correction phase is no longer valid for targets in the 1.2000 - 1.2090 area. Immediate support is 1.1850. A clear breakthrough and daily closure back under it will keep the bear's correction phase in place.

victoriajensen
Oct 12 2017 at 17:49
1117 posts
EUR/USD almost reached 1.1900 today before it bounced off from 1.1880. This is likely a temporary retracement and its closest target is probably around 1.1800.

FXWES
Oct 12 2017 at 20:02
675 posts
The single currency is undermined in a weak greenback environment and the EUR/USD dropped to 1.1826. The near term outlook remains bearish if the pair break below 1.1820.

honeill (honeill)
Oct 13 2017 at 10:38
1141 posts
On yesterday session, the EURUSD initially rose but found enough selling pressure near the 50-day moving average to reverse and closed near the low of the day, however the currency pair managed to close within Wednesday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above the 10 and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1862 (resistance), a daily support at 1.1829, the 10-day moving average at 1.1774 (support), a daily support at 1.1753 and a key level at 1.1684 (support).

"I trade to make money not to be right."
arigoldman (arigoldman)
Oct 13 2017 at 21:13
907 posts
The euro lost some despite the negative US news.

FXWES
Oct 14 2017 at 17:11
675 posts
The greenback seems to be recovering. EUR/USD dropped to daily low at 1.1805 on Friday but later slightly recovreed. However the pair closed at 1.1820. We have buisy week ahead both from US and EU, so let’s see how the pair will handle.

csc2009
Oct 16 2017 at 07:26
834 posts
Eur/Usd has just recovered the small bearish gap, I'm expecting the pair might continue it's upward trend as long as it's above the support level 1.1670.

honeill (honeill)
Oct 16 2017 at 10:13
1141 posts
On the last Friday’s session the EURUSD initially rallied but found enough resistance near the 50 day moving average to trim all of its gains and closed near the low of the day, in addition managed the currency pair managed to close below Thursday’s low, which suggests a strong bearish momentum.

The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above the 10 and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1864 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1784 (support), a daily support at 1.1753 and a key level at 1.1684 (support).

"I trade to make money not to be right."
victoriajensen
Oct 16 2017 at 17:11
1117 posts
EUR/USD continues consolidating around 1.1800. On the daily time-frame there's a spinning top candlestick at that level, which is a signal for indecision and not, necessarily, for a reversal. The indecision will probably continue until the fundamentals later this week.

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