EUR/USD

alexforex007 posted:
The EURUSD may be waiting for new fundamentals to take a clear direction, the range is getting tighter on the daily chart and it may be forming a symmetrical triangle.

It seems so, upside is limited at 1.1220/30 zone, the pair is currently between 1.1100 and 1.1220/30, as long as it failed to break on the upside resistance zone, the range probably continue.

Hello traders,

Just going around asking what the sentiment is with the EUR/USD for today before the reports are released.

The euro rose against the dollar on Friday. By the end of trading session EUR/USD was traded at 1.1161, gaining 0.21%. I believe that the support is now located at the level of 1.1067, Tuesday's low, and resistance is likely to be at the level of 1.1221 - a maximum of Friday's trading.

The euro fell against the US dollar, although its losses were mitigated by the demand for EUR/GBP, which amid concerns about slowing economic growth in England overcame the barrier of 0.86 for the day. The euro ended the day below the MA50 around 1.1150.

Bullish on the Euro.

Key levels to watch for:
Support: 1.1045; 1.0955; 1.0910;
Resistance: 1.1235; 1.1335.

A small gap up, the immediate resistance level is still at 1.1200 level.

EUR/USD is trading inchanged since the opening of the trading session today gravitating towards the 1.1160 level. In the end of last week the pair dropped from 1.1.1221 to a low of 1.1153. First support is current market price, major resistance is the 1.1235 level.

The single currency marked an increase against the US dollar on Friday. The pair gained 25 pips to close the session at 1.1161. In the short term the positive attitudes prevail and strong support is seen at 1.1100.

On the last Friday’s session the EURUSD tried to rally but found enough selling pressure to give back to the market some of its gains however managed to close in the green, but near the low of the day, in addition closed within Thursday’s range, which suggests to be slightly on the bearish side of neutral.

The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.

The key levels to watch are: a daily resistance at 1.1460, other daily resistance at 1.1237, the 10-day moving average at 1.1135 (support), a daily support at 1.1097, and the previous swing low at 1.1045 (support).

EUR/USD formed a very clear inverted hammer candlestick on the daily time frame above the support at 1.1130 and it will likely move to the upside again towards the resistance at 1.1230 to test that level again.

The downbeat US data today pushed the single currency higher to reach an intraday high at 1.1203, but cound’t fight the resistance at 1.1230. Key support remains 1.1100.

The pair is still unable to stay above 1.1200 level, next resistance level can be found at 1.1250 zone.

The single currency marked a slight increase against the US dollar on Monday. The pair opened at 1.1167 and closed only 15 pips higher. The graphics continue to develop above the moving averages, while the RSI remained on neutral territory. In case that the upward direction continue, we may expect a test of the first resistance located at 1.1286.

EUR/USD reached a high of 1.1248 and immediately retreated back below 1.1240 currently trading at 1.1238. Later today the Consumer price index is due which may cause mild volatility in the pair.

While we have US CPI, ZEW Survey and the Euro tradebalance today, the key is the FOMC minutes tomorrow. Marked have heavily priced in a much more dovish Fed.

Yesterday the EURUSD went back and forward but closed in the green although in the middle of the daily range, in addition managed to close within the previous day range, which suggests being clearly neutral, neither side is showing control.

The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.

The key levels to watch are: a daily resistance at 1.1460, other daily resistance at 1.1237, the 10-day moving average at 1.1133 (support), a daily support at 1.1097, and the previous swing low at 1.1045 (support).

EUR/USD broke above 1.1250 and continues moving to the upside. Next target is likely 1.1300 - 1.1320.

victoriajensen posted:
 EUR/USD broke above 1.1250 and continues moving to the upside. Next target is likely 1.1300 - 1.1320.

As long as the pair is stay above 1.1250, the risk remains on the upside. The immediate resistance level can be found at 1.1325 level.