The euro continued to lose ground against the dollar for a third straight session on Friday. The good data on the new jobs in US contributed to increased volatility and ultimately the euro depreciated by 40 pips to a closing price of 1.1087. Currently the 100 MA acts as a support, but a possible breakthrough would lead to 1.1045 and would reinforce the negative attitude.
The EUR/USD is trading on the downside after upbeat US data pushes price to a low of 1.1046. The pair has slightly recovered and is now trading at 1.1097. No major news are expected today.
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Aug 08 2016 at 13:38
EUR/USD is currently testing 1.1080. A breakout below that level will likely lead to a further drop towards 1.1000.
Last Friday sent the EUR/USD pair to lower levels and today is staying in muted mode. Anyway Friday’s low at 1.1044 is within the supposed sideway range. Any possible euro bears’ efforts will run across the key resistance at 1.12 area.
The pair continue to range, upside seems limited around 1.1100 level.
Aug 09 2016 at 03:26
Just waiting for the EURUSD to have new fundamentals that would make it go somewhere, since it is just consolidating.
During yesterday’s session the EUR/USD remained close to unchanged and was trading within a narrow range. At the end of the session the euro managed to add just 7 pips to close at 1.1087. Still the negative sentiment prevails. Support is seent at 1.1045 and resistance is located at 1.335.
The EUR/USD is trading slightly unchanged since yesterday's session gravitating towards the 1.1077level. With the latest NFP reports the pair lost some of its gains, but now when it rests on the 200SMA for a third consecutive day, things may change.
The US mixes data released this morning pushed the euro slightly higher against the US dollar. The EUR/USD pair managed to escape from the two week low at 1.1043 to currently trade at 1.1113.
The euro recorded moderate growth during yesterday's session after trading in a narrow range on Monday. EUR/USD pushed higher with 28 pips to 1.1115. RSI is in positive trend and support the bulls. If the pair climb above the 50-day MA at 1.1140, next target is 1.1160.
EUR/USD is up on technicals reaching a high of 1.1155 and currently trading at 1.1147. The pair has yet to attempt to reach first resistance at 1.12. On the other hand, first support is seen at last low.
Aug 10 2016 at 10:57
EUR/USD retraced from 1.1180, but that's likely not the end of the rally. I next target is probably 1.1200.
Aug 10 2016 at 14:50
rosentray posted:
EUR/USD is up on technicals reaching a high of 1.1155 and currently trading at 1.1147. The pair has yet to attempt to reach first resistance at 1.12. On the other hand, first support is seen at last low.
very true. We can see higher EURUSD. Weak USD across the board. I don't say EUR is a strong currency but it is gaining against a weaker currency.
EUR/USD went even higher today reaching 1.1190. The pair is now 1.1177 and no major news are expected today, suggesting that price may continue trading around 1.1160-1.1180.
Aug 11 2016 at 06:21
rosentray posted:
EUR/USD went even higher today reaching 1.1190. The pair is now 1.1177 and no major news are expected today, suggesting that price may continue trading around 1.1160-1.1180.
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Aug 11 2016 at 12:01
There is a hammer and an inverted hammer candlestick above the support at 1.1140 which coincides with (MA)89 on the one-hour time-frame. EUR/USD will likely start moving to the upside towards the resistance at 1.1170.
EUR/USD recorded a day in the red today after making a high of 1.1192 and going down to a low of 1.1140. No major news for today so we might see a calm and well-behaved pair. First support zone 1.1080, first resistance zone 1.1200.
Aug 12 2016 at 00:04
The EURUSD may be waiting for new fundamentals to take a clear direction, the range is getting tighter on the daily chart and it may be forming a symmetrical triangle.
victoriajensen posted:nice call VictoriaJensen!
There is a hammer and an inverted hammer candlestick above the support at 1.1140 which coincides with (MA)89 on the one-hour time-frame. EUR/USD will likely start moving to the upside towards the resistance at 1.1170.
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