EUR/USD

EUR/USD almost reached 1.1800 and it's still very bullish for now. A breakout above 1.1800 will probably lead to a rally to 1.1870.

On yesterday session, the EURUSD initially fell but found yet again enough support near the 1.1753 to trim all of its losses plus closed in the green, near the high of the day, however the currency pair managed to close within Tuesday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair is trading below the 10 and the 50-day moving averages that should provide dynamic resistance however is trading above 200-day moving average 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 1.1801 (resistance), a daily support at 1.1753 and a key level at 1.1684 (support).

Still holding EURUSD long from yesterday, 18580 first possible ceiling.

The single currency recorded an increase against the US dollar on Wednesday. Session started at 1.1765 and the price bounced back from support at 1.1735. After all, the euro ended at 1.1786 and if the price continued to rise the pair would head to the first resistance at 1.1910. Otherwise, in the downside, we may expect a breakthrough in support at 1.1735.

Very tricky to trade lately. I'm still expecting the bullish rally to continue.

arigoldman posted:
Very tricky to trade lately. I'm still expecting the bullish rally to continue.

So do I. It broke out above 1.1800, a breakout above the last high at 1.1880 will likely lead to a further move up to 1.2000.

EUR/USD is up today, but stalled at the 200-day SMA. Indicators are retreating from the overbought territories. Nevertheless I’m positive on the pair. 1.1820-1.1830 is critical, but I believle bulls will fight it.

snapdragon1970 posted:
Still holding EURUSD long from yesterday, 18580 first possible ceiling.

witch coincides with 200 ma day chart

On yesterday session, the EURUSD initially fell but found enough support near 1.1766 Wednesday open to reverse and closed near the high of the day, in addition the currency pair managed to close above Wednesday’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 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 1.1865 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1813 (support), a daily support at 1.1753 and a key level at 1.1684 (support).

EUR/USD experienced an uneventful week and is ending flat. But the next week will bring much excitement over this pair.

The pair start the week with a bearish gap, found immediate support level around 1.1750. Focus turn to ECB this week.

On the last Friday’s session the EURUSD fell with a wide range and closed near the low of the day, however the currency pair managed to close within Thursday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading below the 10 and the 50-day moving averages that should provide dynamic resistance however is trading above 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 resistance at 1.1829, the 10-day moving average at 1.1796 (resistance), a daily support at 1.1753 and a key level at 1.1684 (support).

EUR/USD continues consolidating between 1.1880 and 1.1725. So far there is no signal that consolidation will end and if it does it will probably be under the influence of the fundamentals later this week.

The short term outlook for the EUR/USD pair remains bearish. The price is developing below its moving averages and indicators are located withing extreme oversold conditions.

On yesterday session, the EURUSD fell again but this time with a narrow range and closed in the middle of the daily range, in addition the currency pair managed to close below Friday’s low, which suggests a bearish momentum.

The currency pair is trading below the 10 and the 50-day moving averages that should provide dynamic resistance however is trading above 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 1.1857 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1788 (resistance), a daily support at 1.1753 and a key level at 1.1684 (support).

EUR/USD is very volatile this week. I expect price to move North.

EUR/USD formed a spinning top candlestick on the daily time-frame at 1.1717 so the pair will likely bounce off that level and start moving to the upside again, continuing the relatively wide consolidation below 1.1880.

EUR/USD moved slightly higher today, but couldn’t fight the 1.18 handle and reterated to 1.1760. The pair will stay in wait and see mode until ECB meeting this Thursday.

On yesterday session, the EURUSD initially rallied although found enough selling pressure near the 10-day moving average to erase most of its gains but closed in the green, in the middle of the daily range, in addition the currency pair managed to close within Monday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading below the 10 and the 50-day moving averages that should provide dynamic resistance however is trading above 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 1.1853 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1784 (resistance), a daily support at 1.1753 and a key level at 1.1684 (support).