EUR/USD

Good numbers pushed the Euro lower ,although I suspect it will pull back to 1.17

The initial boost from the NFP in the US dollar seems to have faded now.

Elliottwave Analysis: EURUSD, Long at 1.1591

EURUSD failed to keep closed above upper bands, but the medium term trend point up.

This week one touch 1.1588/90 still could not be ruled out.

Expect some complex and over-lapping upside correction for now.

Will look to trade from both sides.

Below 1.1965, we could not confirm a medium term low already in place.

Eur/Usd took a pause on the bearish trend, correction movements continue just below 1.17 level. The pair is not showing any clear direction while the market is facing trade war tensions.

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

The currency pair closed below the 10-day moving average that should provide a dynamic resistance, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1660 (resistance), a daily support at 1.1555 and other daily support at 1.1460.

On yesterday session, the EURUSD initially tried to rally but found enough resistance near 1.1753 to erase some of its gains and closed in the middle of the daily range, in addition, managed to close within Friday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair closed above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily resistance at 1.1753, a key level at 1.1684 (support), the 10-day moving average at 1.1659 (support), a daily support at 1.1555 and other daily support at 1.1460.

I would only be truly convinced of the bullish case for Eur/Usd if it is able to settle above 1.1750. Buy stops attempt at 1.1735 could be a sound plan in my opinion.

Keverus posted:
I would only be truly convinced of the bullish case for Eur/Usd if it is able to settle above 1.1750. Buy stops attempt at 1.1735 could be a sound plan in my opinion.

4hr chart you can see its attempted a break out a few times ,was just a matter of time 17180

On yesterday session, the EURUSD initially fell but found enough support near the 10-day moving average to reverse and managed to close near the high of the day, however, closed within Mondays’ range, which suggests being slightly on the bullish side of neutral.

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

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily resistance at 1.1753, a key level at 1.1684 (support), the 10-day moving average at 1.1670 (support), a daily support at 1.1555 and other daily support at 1.1460.

On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition, managed to close above Tuesdays’ high, which suggests a strong bullish momentum.

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

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily support at 1.1753, the 10-day moving average at 1.1685 (support), a key level at 1.1684 (support), a daily support at 1.1555 and other daily support at 1.1460.

On yesterday session, the EURUSD initially tried to rally but found enough resistance at 1.1829 to trim most of its gains and closed in the middle of the daily range, in addition, managed to close slightly above Wednesday’s high, which suggests a bullish momentum.

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

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily support at 1.1753, the 10-day moving average at 1.1699 (support), a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509.

After recovering 1.1750, I believe EUR/USD has turned bullish.

The single currency recorded a modest rise against the US dollar on Thursday. The session started at 1.1772 and finished 26 pips higher. Daily extreme values ​​were reached at 1.1772 and 1.1839, respectively. In the short run, EUR / USD continues to trade on a positive territory, with a main target of 1.1920. Immediate support is 1.1720.

EUR/USD gave away some of its gains today, still on pace though. I'm expecting more upside next week ,probably above 1.1850.

The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1770, losing 0.25%. I believe that support is now at 1.1562, Tuesday's low, and resistance is likely at 1.1842 - Thursday's high.

Eur/Usd correction movement seems to continue, the upside is limited. Immediate resistance can be found at 1.1800 psychological handle.

On the last Friday’s session, the EURUSD fell with a wide range but found enough buying pressure to trim some of its losses although closed in the red, in the middle of the daily range, in addition, managed to close below Thursday’s range, which suggests a bearish momentum.

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

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily support at 1.1753, the 10-day moving average at 1.1734 (support), a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509.

On yesterday session, the EURUSD initially tried to rally but found enough resistance near 1.1829 to erase some of its gains and closed near the low, however, managed to close within Friday’s range, which suggests being slightly on the bearish side of neutral.

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

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1742 (support), a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509.

On yesterday session, the EURUSD initially rose but found enough selling pressure near previous day high to reverse and managed to close near the low of the day, in addition, closed below Mondays’ low, which suggests a strong bearish momentum.

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

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1746 (support), a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509.