EUR/USD

The single currency broke in the two-day winning streak on Friday. The pair scored a positive week, adding nearly 50 pips. Bottom for the period was reached at 1.0710. Short-term attitudes remain positive, technically the pair is likely to test levels at 1.0995.

On the last Friday’s session the EURUSD initially fell but found strong support at the 50-day moving average and closed in the green, near the high of the day, in addition managed to close within the previous day range, suggesting that bullish momentum is settling in.

The pair closed above the 10 and 50-day moving averages that continue acting as a dynamic support.

The key levels to watch are: 200-day moving average at 1.1052 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0870 (support), the 1.0819 (support) and the 50-day moving average at 1.0807 (support).

EUR/USD reached 1.0968 and failed to break above that resistance. More importantly, the pair has formed a hanging man candlestick on the weekly time-frame right under the resistance at 1.1000. I think we might see a bigger move to the downside, perhaps towards 1.0600 - 1.0550.

Hey if I see a move down like that I will be buying like crazy,I doubt it very much though.

EUR/USD is still under the resistance levels. price is forming double top on the 4 hours chart, my entry point for short will be under 1.0800.

sherifFares posted:
EUR/USD is still under the resistance levels. price is forming double top on the 4 hours chart, my entry point for short will be under 1.0800.

Great job, and good luck with it.

EURUSD with no clear trend. Just waiting for it to take a definite direction away from the 1.0900 level in any direction.

EUR/USD registered a decrease in the beginning of the new week. The euro depreciated by 60 pips against the dollar to a closing price of 1.0858. The session was held within the extremes at 1.0968 and 1.0848. In the short term prospects seem neutral, as immediate targets appear levels at 1.0995 and 1.0805.

On yesterday session the EURUSD tried to rally but found enough selling pressure to turn south and closed in the red near the low of the day, in addition managed to close below previous day low, suggesting a strong bearish momentum.

The pair closed below the 10 but above the 50-day moving average that continue acting as a dynamic support.

The key levels to watch are: 200-day moving average at 1.1049 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0861 (support), the 1.0819 (support) and the 50-day moving average at 1.0816 (support).

The pair is still bouncing within the range between 1.0900 to 1.0800, on the downside 1.0800 is acting as the psychological level.

Good move to the downside.

On the longer time frames its looking bearish,I see 710 as support level,for now we are stuck around 860 need to break this level for bullish move.

It bounced off the resistance at 1.0820 but if it breaks below that level it will fall to 1.0760, possibly even lower.

victoriajensen posted:
It bounced off the resistance at 1.0820 but if it breaks below that level it will fall to 1.0760, possibly even lower. [/quote
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I see that the EUR/USD will continue declining this week if the U.S. Retail Sales came positive and the 1.0767 support level will be tested.

EUR/USD is moving in tight range today and still didn't get under 1.0800 and still It didn't reach my entry point.

Euro/dollar failed to keep the upgoing momentum yesterday, closing back in the secondary trend line and hit 1.0840 earlier this morning. My expectations are for a testing of 1.0835/00 levels.

The pair practically remained unchanged during yesterday's session at 1.0856. Market participants did not set a clear direction after trading within the extreme values 1.0899 and 1.0819. Technically outlook in the short term remains neutral, as EUR/USD continues to move within the 1.0995 and 1.0805.

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 previous day range, suggesting sideways action for the next couple of days.

The pair closed below the 10 but above the 50-day moving average that continues acting as a dynamic support.

The key levels to watch are: 200-day moving average at 1.1048 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0854 (resistance), the 50-day moving average at 1.0816 (support) and the last swing low at 1.0711 (Support).