EUR/USD

The euro rose against the dollar on Thursday. By the closing of US trading EUR/USD was trading at 1.0606, gaining 1.13%. I believe that the support is now located at the level of 1.0339, Tuesday's low, and resistance is likely at the level of 1.0615 - a maximum of today's trading.

should i keep short EU?

The euro was down against the US Dollar on Friday. At 19:45 GMT EUR/USD is trading at 1.0528, shedding 0.53%. I believe that the support is now located at the level of 1.0339, Tuesday's low, and resistance is likely at the level of 1.0619 - the maximum of Thursday.

EUR/USD traders remains cautious in the first day of the week as price keeps trading unchanged around 1.0540. On Friday the US dollar was benefited by positive US data and that drove the price of the pair down. Now bears seem to have an edge that would give them control over the pair for the short-term.

On the last Friday’s session the EURUSD initially rose but found enough resistance at 1.0622 to reverse and closed near the low of the day, although the currency pair managed to close within Thursday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair continues to trade above the 10-day moving average that should act as a dynamic support but remains to trade below the 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0483 (support), a daily support at 1.0462 and the 2017 low at 1.0340 (support).

EUR/USD has formed a doji candlestick on the four-hour time-frame above the support at 1.0515 and there will likely be a retracement towards 1.0560. That said, the overall trend remains bearish.

On yesterday session, the EURUSD rose with a narrow range and managed to close near the high of the day, although closed within Friday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair continues to trade above the 10-day moving average and managed to close above the 50-day moving average both should act as a dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0578 (support), the 10-day moving average at 1.0503 (support) and a daily support at 1.0462.

EUR/USD bounced off 1.0625 yet again. The pair is currently testing the support at 1.0560, a breakout below that level will likely lead to a further drop towards 1.0500.

Following the moderate momentum from yestreday, the EUR/USD pair marked a daily high at 1.0626 earlier today. The pair failed to hold on that line and moved lower to currently trade at 1.0565. Immediate support is located at 1.0550 and should the pair cross it, 1.0500-1.0450 will be the area, where the pair will settle in the near term.

EUR/USD continues to trade relatively unchanged around the 1.06 level. Price is now 1.0561, slightly lower than yesterday's high indicating that US bulls are not yet ready to give up control over the pair.

The single currency marked a modest decline against the US dollar on Tuesday. The euro lost only 19 pips to close at 1.0553. The price continue to move over the moving averages, while RSI remain at neutral territory. If the bearish trend continues, we may expect testing the first support at 1.0550.

On yesterday session, the EURUSD initially rose but found again enough resistance at 1.0622 to reverse and closed near the low of the day, however closed within Mondays range, which suggests being slightly on the bearish side of neutral.

The currency pair continues to trade above the 10-day moving average should act as a dynamic support and managed to close below the 50-day moving average that should act now as a dynamic resistance but remains trading below the 200-day moving average that also should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0572 (resistance), the 10-day moving average at 1.0517 (support) and a daily support at 1.0462.

EUR/USD is trading lower today going to 1.05. The pair is now trading at 1.0511 as uncertainty continues to be high due to the coming Inauguration of Donald Trump as POTUS.

EUR/USD is testing the support at 1.0500. A breakout below that level will likely lead to a further move to the downside towards 1.0470 - 1.0450.

EUR/USD is now trading above 1.0630 with a high of 1.0639. The first speech of Donald Trump since July impacted the US dollar as it depreciated against all competitors. First support zone is seen at 1.0630 while first resistance is seen at 1.0660.

On yesterday session, the EURUSD initially plunged but found enough buying pressure at 1.0462 to trim all its losses and managed to close near the high of the day, however closed within Tuesdays range, which suggests being slightly on the bullish side of neutral.

The currency pair continues to trade above the 10-day moving average should act as a dynamic support and managed to close back above the 50-day moving average that should act now as a dynamic support but remains trading below the 200-day moving average that also should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0566 (support), the 10-day moving average at 1.0526 (support) and a daily support at 1.0462.

rosentray posted:
EUR/USD is now trading above 1.0630 with a high of 1.0639. The first speech of Donald Trump since July impacted the US dollar as it depreciated against all competitors. First support zone is seen at 1.0630 while first resistance is seen at 1.0660.

Contained no more policy to support the USD. Likely just temporary down and will likely change back to dollar positive trend with Yellens speech the 18th. But even Fed members like Harker can put a stop to the dollar fall before. Fundamentals is still good, door open for more rate hikes?

The US Presidential Elect Donald Trump’s press conference set the US dollar under pressure and trigggered sell-off. The EUR/USD pair is pushing higher and is aiming 1.07 level with technical indicators supporting the bullish tone.

stian posted:

rosentray posted:
EUR/USD is now trading above 1.0630 with a high of 1.0639. The first speech of Donald Trump since July impacted the US dollar as it depreciated against all competitors. First support zone is seen at 1.0630 while first resistance is seen at 1.0660.

Contained no more policy to support the USD. Likely just temporary down and will likely change back to dollar positive trend with Yellens speech the 18th. But even Fed members like Harker can put a stop to the dollar fall before. Fundamentals is still good, door open for more rate hikes?

The picture I get is Trump wants to push the Dollar lower to make the US more competitive.