EUR/USD

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

The currency pair trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is trading above the 200-day moving average that should provide dynamic support.

The key levels to watch: daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2315 (resistance), the 10-day moving average at 1.2283 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

The euro fell against the dollar on Wednesday. The single currency continued the negative trend of last week and went back to the low levels. As a result, support at 1.2161 was broken. If the bearish mood continues, the level at 1.2130 will be tested. The session started at 1.2231 and the euro lost 72 pips to the final. The lowest day value coincided with the trade closing rate.

EUR/USD
Key levels to watch for:
Support: 1.2161; 1.2130;
Resistance: 1.2384; 1.2414;

Euro/dollar had a downward movement yesterday, forming a bottom at 1.2157. The outlook is for downwards, especially if the price has made a clear break below 1.2175 with targets in the 1.2085 area, which will put an end to major upside trend. Resistance for the day is seen at 1.2200. A clear break above this level may take the price to a neutral zone for testing 1.2250. But only a clear break above 1.2400 will cancel the scenario of the formed downward triangle and will keep the main upward trend in place.

On yesterday session, the EURUSD initially tried to rise but found enough selling pressure near 1.2210 to erase all of its gains and managed to close near the low of the day, in addition closed below Wednesday’s range, which suggests a strong bearish momentum.

The currency pair trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is trading above the 200-day moving average that should provide dynamic support.

The key levels to watch: daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2311 (resistance), the 10-day moving average at 1.2246 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

A slight pull back this week, i believe this is healthy for the steady progress of the pair.

The EURUSD has finally come out of the consolidation. The breakout was to the downside, but at least we now have a trend. The bearish trend may be confirmed during this week, even though we may see a small correction first.

While the bearish trend remains strong, Eur/Usd corrective movement might continue between 1.2050 to 1.2200. The pair facing challenges this week, watch out US PCE inflation, Fed meeting and Nonfarm Payroll.

On the last Friday’s session, the EURUSD initially dived with a wide range but found enough buying pressure near the 200-day moving average to erase all of its losses and managed to close near the high of the day, although closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is trading above the 200-day moving average that should provide dynamic support.

The key levels to watch: a daily resistance at 1.2287, a swing low at 1.2200 (resistance), the 10-day moving average at 1.2198 (resistance), a key level at 1.2165 (resistance), the 200-day moving average at 1.2051 (support), a daily support at 1.2041 and 2018 low at 1.1915 (support).

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

The currency pair trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is trading above the 200-day moving average that should provide dynamic support.

The key levels to watch: a daily resistance at 1.2287, a swing low at 1.2200 (resistance), a key level at 1.2165 (resistance), the 10-day moving average at 1.2164 (resistance), the 200-day moving average at 1.2051 (support), a daily support at 1.2041 and 2018 low at 1.1915 (support).

On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition closed below Mondays’ low, which suggests a strong bearish momentum.

The currency pair trading below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: a daily resistance at 1.2287, a swing low at 1.2200 (resistance), a key level at 1.2165 (resistance), the 10-day moving average at 1.2164 (resistance), the 200-day moving average at 1.2051 (resistance), a daily resistance at 1.2041 and 2018 low at 1.1915 (support).

The Euro dollar shows oversold RSI, which means a bullish market signal. At the same time, the chart crossed Moving (48) and began to decline from support 1.2240 to 1.1981, passed support level 1.2000.
Now the price is above 1.2000 and this level still acts as a support, so temporary growth is possible, but it seems to me that the price will not go above 1.2240.
If the support is passed at 1.2000, then the next level is 1.1917 and 1.1650 below.

I opened short position from 1.20154 and still trade.

Trading today from 16.00 to 16.30. EURUSD 23 pips. Bearisch to S1.

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Current target is 1.1800

if we hit 1.1600 next target on d1 tf will be ~1.0700

On yesterday session, the EURUSD tried to rise but found enough resistance near 1.2441 to trim all of its gains and closed near the low of the day, in addition managed to close below Tuesdays’ low, which suggests a strong bearish momentum.

The currency pair trading below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: a daily resistance at 1.2287, a swing low at 1.2200 (resistance), a key level at 1.2165 (resistance), the 10-day moving average at 1.2164 (resistance), the 200-day moving average at 1.2051 (resistance), a daily resistance at 1.2041 and 2018 low at 1.1915 (support).

The single currency registered a volatile session against the US dollar on Wednesday. The currency pair opened at 1.1991 and ended 41 pips lower. Graphics continued to grow below moving averages, while the relative strength index remained neutral. The downward movement keeps inertia, which contributes to negative attitudes in the short term.

EUR/USD
Key levels to watch for:
Support: 1.1920; 1.1720;
Resistance: 1.2070; 1.2260; 1.2370;

Euro/dollar continued downward movement yesterday with bottom at 1.1937. The price slipped below the daily EMA 200 (1.1970), but made a slight upward adjustment and visited again this region earlier today. The signals are bearish for testing 1.1900. The first resistance is around the upper limit of the downward channel, located in the area of ​​1.2000 - 1.2025. A clear break above the channel should break the downward rally, but the longer the price is below 1.2175, the downward triangle scenario remains valid. Any upward pressure can be seen as a good sales opportunity. On the downside, a clear break and daily closure below 1.1900 will clear the road to 1.1750.