The euro / dollar was indecisive yesterday. Trade signals remain neutral in the near future. I'm bearish, but I need a clear breakthrough at least under the support line trend around 1.1785 to rebuild the bears test phase at 1.1735/00. Resistance for the day we have at 1.1837, whose breakthrough can cause further upward correction. But while the couple remains below 1.1920, I prefer the bearish scenario. And any bullish pressure can now be seen as a good sales opportunity.
It will probably reach 1.17265, despite the fact that the RSI is below the level of 30. there will be news from the FOMC next week. The outlook for the positive is that EUR / USD will reach 1.1550. In case of a USD return, resistance at 1.1936
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition, managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair trading below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: a key level at 1.2165 (resistance), the 200-day moving average at 1.2047 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1870 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and other daily support at 1.1753.
On yesterday session, the EURUSD initially fell but found enough buying pressure to turn north and closed near the high of the day, although managed to close within Friday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair continues to trade below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: the 200-day moving average at 1.2047 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1840 (resistance), January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily support at 1.1753 and a key level at 1.1684 (support).
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