EUR/USD

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

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

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1555 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1391 (support), a daily resistance at 1.1459, a 2018 low at 1.1300 (support) and 100 Fibonacci expansion at 1.1232 (Support).

Possible false breakout on the EURUSD. The EURUSD has been falling since the mid-September, when it bounced to the downside from the 1.1800 level and the 200 day EMA. From that level, the price retraces to the upside from the 1.1500 level to the 55 day EMA, around the 1.1600 level and falls back down to the 1.1300 level. On the daily chart of the EURUSD we can see that the pair bounces to the upside from the 1.1300 level and breaks above the 1.1400 level. But the pair falls back down and leaves behind a long upper shadow on the daily candle. If the next candle is also bearish, then the EURUSD would be confirming a false breakout and the price my drop back down to the 1.1300 level. On the other hand, if the price breaks above the 1.1400 level, then the 1.1500 may act as resistance where we can also find the 55 day EMA.

EUR/USD: The target for the next week is 1.1485.

On the last Friday’s session, the EURUSD tried to rally but found enough selling pressure near 1.1459 to reverse and closed near the low of the day, however, managed to close within Thursday’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 act as a dynamic support although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1546 (resistance), a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1377 (support), a 2018 low at 1.1300 (support) and 100 Fibonacci expansion at 1.1232 (Support).

It seems the pair is drifting towards the 1.13 level. It could be a good long entry if reached.

It bounced off from 1.1350 and it will likely continue consolidating sideways until the American fundamentals tomorrow.

The euro rose against the US dollar on Monday. By the close of US trading, EUR / USD was trading at 1.1412, adding 0.20%. I believe that support is now at around 1.1301, the low of Wednesday, and resistance is likely at the level of 1.1458 - the maximum of Friday.

arigoldman posted:
It seems the pair is drifting towards the 1.13 level. It could be a good long entry if reached.

looking for long entry from below 1.1344

jpwilkinson posted:

closed all @ 1.14190

On yesterday session, the EURUSD tried to drop with a wide range but found enough buying pressure near 1.1352 to trim all of its losses and closed near the high of the day, however, closed within Friday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair is trading above the 10-day moving average that should act as a dynamic support although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 50-day moving average at 1.1544 (resistance), a daily resistance at 1.1459, the 10-day moving average at 1.1384 (support), a 2018 low at 1.1300 (support) and 100 Fibonacci expansion at 1.1232 (Support).

jpwilkinson posted:

jpwilkinson posted:

closed all @ 1.14190

Seems like its making an inverted head and shoulders pattern on the H4, I see a project target at 1.1615.

On yesterday 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 Mondays’ range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 50-day moving average at 1.1541 (resistance), a daily resistance at 1.1459, the 10-day moving average at 1.1392 (support), a 2018 low at 1.1300 (support) and 100 Fibonacci expansion at 1.1232 (Support).

EUR/USD: The fundamental picture around the Democrats winning could support the bullish mood around the pair, long-term. On the upside, current levels are important. If the pair manages to break them, we can expect 1.1600 soon. On the flip side major supports are 1.1380, followed by 1.1300.

The euro rose against the greenback on Wednesday. By the close of US trading, EUR / USD was trading at 1.1440, adding 0.11%. I believe that support is now at around 1.1306, Thursday's low, and resistance is likely at the level of 1.1500 - the maximum of yesterday's trading.

On yesterday session, the EURUSD initially rallied with wide range b7ut found enough selling pressure near 1.1500 to trim most of its gains and closed in the middle of the daily range, in addition, managed to close within Tuesdays’ range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 50-day moving average at 1.1537 (resistance), a daily resistance at 1.1459, the 10-day moving average at 1.1390 (support), a 2018 low at 1.1300 (support) and 100 Fibonacci expansion at 1.1232 (Support).

On yesterday session, the EURUSD tried to rise but quickly found enough selling pressure to reverse and closed near the low of the day, in addition, managed to close below Wednesday’s low, which suggests a strong bearish momentum.

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

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 50-day moving average at 1.1530 (resistance), a daily resistance at 1.1459, the 10-day moving average at 1.1379 (resistance), a 2018 low at 1.1300 (support) and 100 Fibonacci expansion at 1.1232 (Support).

Approaching 1.13. If it's reached today I'll def open a long, no news and closing the week seems a good squeeze.

EURUSD is facing 1.1301 support once again. A breakdown below this level could trigger further downside movement towards 1.1000. Near term resistance is at 1.1500, a break of this level could bring the price back towards 1.1600.