EUR/USD

EUR/USD marked a fall during yesterday's session amid a relatively volatile trading. The daily extreme values were reached respectively at 1.1453 and 1.1337 and after all the pair finished at known ground - 1.1376. Technically the bulls continue to dominate. Levels at 1.1435/50 remain a major challenge.

Yesterday EURUSD tried to rally but found enough resistance to turn around, giving back to the market all its gains and closed near the low of the day, however managed to close within the previous day range, suggesting a weak bearish momentum.

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

This week the pair consolidated its gains and is having a tough time in pushing upward. So if you’re experienced a lot of losses this week try not get emotional affected because this week the pair has been extremely difficult to trade, let’s see what the next week will bring.

The key levels to watch are: A daily resistance at 1.1555, other daily resistance at 1.1456, the 10-day moving average at 1.1370 (support), the previous swing high at 1.1342 (support) and daily support at 1.1237.

Despite the pair showed some volatility this week and hit fresh yearly high, Eur/Usd is closing at weekly opening point back to 1.1400 zone again. Only break above 1.1450/60 zone could possibly show signs for further gains.

Actual EUR/USD upside target is 1.1495 . Besides also consider move above 1.1455/ 60 . Still well support at 1.1325 & 1.1340

honeill posted:
Yesterday EURUSD tried to rally but found enough resistance to turn around, giving back to the market all its gains and closed near the low of the day, however managed to close within the previous day range, suggesting a weak bearish momentum.

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

This week the pair consolidated its gains and is having a tough time in pushing upward. So if you’re experienced a lot of losses this week try not get emotional affected because this week the pair has been extremely difficult to trade, let’s see what the next week will bring.

The key levels to watch are: A daily resistance at 1.1555, other daily resistance at 1.1456, the 10-day moving average at 1.1370 (support), the previous swing high at 1.1342 (support) and daily support at 1.1237.

In fact I had the best profits this week in EURUSD !

The main support for the current bullish momentum is located around $1.1330, where pinned previous peaks. While staying above, the outlook remains bullish with marking next target at $1.1450, despite the consolidation from the few past days.If the support slumps, the euro eventually will plunge to $1.13 or lower, with another major bullish support at $1.12.

On the last Friday’s session the EURUSD initially fell but quickly recovered and closed in the middle of the daily range with a narrow range, creating an inside day, in addition closed within the previous day range, suggesting lack momentum and indecision among investors.

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 1.1555, other daily resistance at 1.1456, the 10-day moving average at 1.1372 (support), the previous swing high at 1.1342 (support) and daily support at 1.1237.

The EUR/USD is trading higher today but it still remains in the range it's been in for the past few days. Once we see a break above 1.1460 then we might conclude that the sideways movement is over and the pair will go further up. Currently the EUR/USD is trading at 1.1435.

Another wave of USD selling

The US Dollar bears have had another push in the last couple of hours. EUR/USD reached the resistance level at 1.1450 while the commodity Dollars enjoyed a 60-70 pip ride up.

(good start of the week)

The pair did test 1.1450 again but failed to break above it. I think it will possibly fall back to 1.1350 - 1.1360, but either way, consolidation continues for now.

It has failed to break higher a few times now. There are a few fundamentals this week that might give it a push in either direction. Like the GDP of China (which tends to support dollar), US retail sales and the eurozone CPI(s). Keep an eye out for inflation.

The week ahead is full of Fed’s senior officials speeches and markets will follow them closely, we may expect steep and volatile movements.

The single currency marked a humble decline against the US dollar on Monday. The choppy trading pushed the pair to lose 12 pips, to a closing price of 1.1404. If the direction continue to run down, the euro will face the first support at 1.1286.

EUR/USD is trading lower today reaching 1.1434 and currently trading at 1.1425. Price appears to be trading sideways range bound between 1.1350 and 1.1450. Should we see a break above 1.1480 then we may consider that the EUR/USD is on its way North. Until then market sentiment remains bearish with first target 1.1310 and second target 1.1290.

Yesterday EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition managed also to close within the previous day range, suggesting lack of momentum.

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 1.1555, other daily resistance at 1.1456, the 10-day moving average at 1.1396 (support), the previous swing high at 1.1342 (support) and daily support at 1.1237.

Strong bearish slope ahead of FED speech, very likely just a correction movement. On the upside the gain seems limited to 1.1460/70 zone.

The pair have tried both 1.1450 and 1.1350 today. Eyes on the Fed speakers today.

EUR/USD is pretty bearish at the moment, even though the pair bounced off the support at 1.1350. It will likely test that support again and if it breaks below that level it will probably continue falling towards 1.1300.

The EUR/USD is directionless with a 50-50 percent chance of heading in any direction. The Dollar doesn’t want to give up yet and it could try to bring the pair lower.