Dec 06 2016 at 12:47
EUR/USD is seen flirting around 1.0800 , which is also acting as an immediate resistance for the pair. Euro’s rebound partly reflected the fact that markets were expecting a “no” vote in the Italy referendum. A fresh bout of short covering also helped pair to upsurge over 200 pips from session’s low. Attention is now paid to ECB meeting due on Thursday for further clarity in pair’s direction.
The posistive GDP data in the euro zone couldn’t support enough the euro during yesterday’s trading and session closed 47 pips lower to 1.0716. Currently the EUR/USD is trading sideways above 1.07 mark. A break above 1.0746 would lead the pair to test 1.08 levels. Support is seen at 1.0694.
Dec 07 2016 at 12:35
EUR/USD is very undecided and is caught in a tight 20-30 pips range. It will likely continue until Mario Draghi's press-conference tomorrow.
Momentum and RSI are also moving flat on 1 hour chart. Add to that the effects from the Italian referendum and the possible risk of Italy leaving the Eurozone (if the opposition party wins the elections) and we get quite an unpredictable mid-term future for the currency pair.
Key levels to watch for:
Support: 1.0690; 1.0510; 1.0460;
Resistance: 1.0820; 1.0945; 1.1030.
Support: 1.0690; 1.0510; 1.0460;
Resistance: 1.0820; 1.0945; 1.1030.
The euro rose against the dollar on Wednesday. By the close of US trading EUR/USD was trading at 1.0750, gaining 0.30%. I believe that the support is now located at the level of 1.0503, Monday's low, and resistance is at the level of 1.0798 - Monday's high.
Dec 08 2016 at 12:55
GBP/USD bounced off the support at 1.2600 after forming a doji candlestick on the four-hour time-frame and continued climbing. It's currently testing the resistance at 1.2680 and a breakout above that level will likely lead to a further move to the upside towards the previous high at 1.2770.
Dec 08 2016 at 13:57
Finally some fast movements in the market today after the ECB Interest rate decision. Seems that the euro is regaining positions against the dollar. The pair seems a bit bearish now after the initial excitement. 1.0707 is a support to watch for.
Dec 08 2016 at 13:58
I earlier made a prediction here that EURUSD is heading to 1.1100 first, before 1.2800. That prediction was neither technical nor fundamental; it is prophetic. When that voice has spoken, it implies that every support and resistance that will act as barrier have been removed already. Current session development confirms that voice.
For GBPUSD, it is 1.3200.
For GBPUSD, it is 1.3200.
