EUR/USD

On the last Friday’s session, the EURUSD initially rallied with a narrow range but found enough resistance near 1.1460 to trim most of its gains, consequently closed near the low of the day, in addition, managed to close within Thursday range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 10 and 50-day moving averages that should act now as dynamic supports nonetheless is still trading below the 200-day moving average that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1410 (support), the 50-day moving average at 1.1367 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

The movements close to 1.1450 will construct a triangle shape. And the breaching through this corrective shape will be the rise to 1.1550

EURUSD: one touch 1.1620 is likely?

On Monday session, the EURUSD initially fell but found enough buying pressure at 1.1421 to erase all of its losses and closed near the high of the day, however, managed to close within Fridays’ range, which suggests being slightly on the bullish side of neutral.

The currency pair is trading above the 10 and 50-day moving averages that should act now as dynamic supports nonetheless is still trading below the 200-day moving average that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1419 (support), the 50-day moving average at 1.1369 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

Euro sliding already today. I expect 2019 will be a hard year for euro so this could be the start of a longer term trend. Price is still in the recent range for the time being but this could be nice early swing entry

EURUSD have seemingly been ranging since October based on what seems most safe from headlines - be that Brexit, Italy, Fed, Trump or government shutdowns.

On Wednesday session, the EURUSD dived with a wide range and closed near the low of the day, in addition, managed to close below Mondays’ low, which suggests a strong bearish momentum.

The currency pair closed below the 10 and 50-day moving averages that should act now as dynamic resistance nonetheless is still trading below the 200-day moving average that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1409 (resistance), the 50-day moving average at 1.1366 (resistance), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

Flash crash had affect ton eurusd but not as much as yen pairs. I don't think levels will be that important for today. Maybe next week things will get back to normal.

On Thursday session, the EURUSD initially fell but found enough support near the 1.1300 handle to trim all of its losses and closed near the high of the day, however, closed within Wednesday’ range, which suggests being slightly on the bullish side of neutral.

The currency pair closed above 50-day moving average that should act now as dynamic support nonetheless is still trading below the 10 and 200-day moving averages that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1412 (resistance), the 50-day moving average at 1.1366 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

Kalarash posted:
Hello, i think the price will make a 50% corection in sell and after, there will be a good UP trend for a quite long term.😉

EURUSD wont go down for correction, It will shoot straight up......

hello
why you think so ?
i have also think first a correction down en then back up to 1.18.
kind regards

On the last Friday’s session, the EURUSD went back and forward without any clear direction, consequently closed in the middle of the daily range, in addition, managed to close within Thursday range, which suggests being clearly neutral, neither side is showing control.

The currency pair traded above 50-day moving average that should act now as dynamic support nonetheless is still trading below the 10 and 200-day moving averages that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1418 (resistance), the 50-day moving average at 1.1368 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

parish posted:
hello
why you think so ?
i have also think first a correction down en then back up to 1.18.
kind regards

If the price actually rises to 1.18, then it will mean the destruction of the downward trend, which is now being formed on d1

It has pressure on Buying side, Since EUR Strong and USD economically weak. As you can see it has started slowly moving up

yes i have seen the eur usd actualy moving slowly up

en donald like s the dollar weak

Euro is Bullish for 2019 on a break of the current range trade ,big test for Euro with Brexit headwind .

On Monday session, the EURUSD rallied with a wide range although with just above average volume and closed near the high of the day, in addition, managed to close above Fridays’ high, which suggests a strong bullish momentum.

The currency pair closed above the 10-day moving average and is also trading above 50-day moving average both should act as dynamic supports nonetheless is still trading below the 200-day moving average that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1423 (support), the 50-day moving average at 1.1372 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

All in all, the path of least resistance is to the upside despite the slide.

https://www.forexcrunch.com/eur-usd-upside-more-appealing-despite-slide/