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rap17
May 18 2017 at 07:09
12 posts
would that mean that the eur/usd would be going down now or not yet?

Hugo ONeill (honeill)
May 18 2017 at 07:41
1141 posts
On yesterday session, the EURUSD rallied for the third time in a row, 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 above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1237, daily support at 1.1097, previous wing high at 1.1021 (support), a key level at 1.0970 (support) and the 10-day moving average at 1.0962 (support).

"I trade to make money not to be right."
deresel
May 18 2017 at 16:25
708 posts
The euro registered a new successful session against the dollar on Wednesday. The single currency rose for the fourth consecutive day and thus did not meet the expectations of a price correction. As a result, the resistance at 1.1138 was overcomed. If the bulls continue to dominate, the pair will test the level at 1.1206. Wednesday's trading started at 1.1081, and the euro gained 77 pips to the final. The peak of the day was 1.1161.

deresel
May 18 2017 at 16:28
708 posts
Key levels to watch for:
Support: 1.0819; 1.0757;
Resistance: 1.1138; 1.1206.

FXWES
May 18 2017 at 20:08
675 posts
The recent political development in US strengthened the greenback and the EUR/USD pair dropped today and the current market price is 1.1110. Moreover US bulls migth gather additional power with the latest hawkish comments from Cleveland Fed President Mester.

Hugo ONeill (honeill)
May 19 2017 at 08:09
1141 posts
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, however managed to close within Wednesday’s range, which suggests being slightly on the bearish side of neutral.

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

The key levels to watch are: a daily resistance at 1.1237, daily support at 1.1097, previous wing high at 1.1021 (support), the 10-day moving average at 1.0971 (support) and a key level at 1.0970 (support).

"I trade to make money not to be right."
idimitrov
May 19 2017 at 09:06
421 posts
Euro / dollar continued its upward movement yesterday with a peak of 1.1162, and earlier today hit 1.1171. Expectations remain up for testing at 1.1185 in short terms. A clear break above this level may cause a test of 1.1300 - 1.1350. Intraday support is visible at 1.1120. A clear break below this level could take the price to a neutral zone, but only a clear break back below 1.1020 should break the current strong upward spikes. I'm staying in the bulls camp for now.

victoriajensen
May 19 2017 at 16:29
1117 posts
EUR/USD reached its target at 1.1200 and it is likely it will break out above that level before the market closes today. Next week it will probably continue rising towards 1.1300.

FXWES
May 19 2017 at 16:53
675 posts
The EUR/USD pair marked fresh new yearly high today but still is below 1.1200. Tehcnical indicators support the euro bulls in the short-term so this level might be conquered soon and next target is seen at 1.1210.

idimitrov
May 21 2017 at 09:08
421 posts
The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1,1206, gaining 0.93%. I believe that support is now at around 1.0920, Monday's low, and resistance is likely at 1.1212, the high of Friday's trading.

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