EUR/USD

The EUR/USD rose up to 1.1229 and slide down close to the opening 1.1159 by the end of the day what is makes me feel that the market expecting violation soon.

EUR/USD is currently moving to the upside again but it is also forming a flag, so it's possible it will drop again when it reaches the resistance at 1.1240.

EUR/USD is projected to be ranging for this week as the markets are quite uncertain of the fed to increase interest rates this month,well that covers the fundamentals so far.As for the technicals we have a resistance level on 1.12424,a break of that opens 1.1273 and 1.13.

The single currency recorded an increase against the dollar on Tuesday after the volatile session during the day. The pair started the session at 1.1168, and in the early hours of the day recorded the highest level at 1.1228. Trading ended at a price of 1.1201 and probably the upward trend will continue due to the breakthrough at 1.1180. The index of relative strength also supports the bulls in the short term.

Yesterday the EURUSD pair rose on a wide range day and closed in the green near the high of the day, shy above the 10-day moving average. This close above the 10-day moving average and the fact that we might get a golden cross (the 50 DMA crosses above the 200 DMA) today suggests that the bears are losing control of the currency. The key levels to watch today are the same of yesterday 1.1237 (Resistance) and 1.1097 (Support) and a break above the resistance or a break down below support would set the tone for the mid-tem.

Eur/Usd just hit fresh low today while the pair is still within a range. The pair is lacking clear directional strength, need a break out.

EUR/USD is testing a strong support level 1.11560 for the third day I will wait until I have a confirmation of a break or a rebound.

There's an inverted hammer candlestick on the weekly filter chart above the support at 1.1100 so I think it might move to the upside again.

The EUR/USD in the bearish trend in general compare to the last two week, Also the USD gaining weight and the USD index aiming high.

The single currency reported a moderate growth against the dollar on Wednesday, which kept the positive performance for the fourth consecutive day. The euro was trading at 1.1206 at the end of the session, which was held within the extreme values at 1.1215 and 1.1131. In the short term positive sentiment remain, but the price remains limited by the 100-period moving average at 1.1260.

The range become tighter and the pair stuck just below 1.1200 and continue in search of direction. On the downside, immediate support at 1.1147.

Yesterday the EURUSD pair initially fell but found enough buying pressure to turn around and close in the green near the high of the day, again shy above the 10-day moving average. The currency continues in a range bound trading but we got a golden cross. The key levels to watch today are the same of yesterday 1.1237 (Resistance) and 1.1097 (Support) and a break above the resistance or a break down below support would set the tone for the mid-tem.

It's about time imo for the euro to start climbing.

EUR/USD is still forming a flag and should it break above 1.1230 it might reach the resistance at 1.1270 that coincides with the (89)MA on the four-hour filter chart.

Abdul2012 posted:
The EUR/USD in the bearish trend in general compare to the last two week, Also the USD gaining weight and the USD index aiming high.

You are right EUR/USD failed to break the support line and rebounded again to the upside.

EUR/USD aimed higher today and broke above the resistance at 1.1230 and 1.1270 after the weak US data, And recently traded above the last resistance, but the eurozone still unstable to keep the pair climbing .

Yesterday the EURUSD initially fell but found yet again enough buying pressure to break above a daily resistance at 1.1237 and closed in the green near the high of the day, setting a bullish tone for the mid-tem. The key levels to watch today are a previous swing high at 1.1332 (Resistance), a daily resistance at 1.1460 and the previous resistance now support at 1.1237.

The single currency recorded a significant growth against the dollar on Thursday, which technically was the fifth consecutive profitable day for the currency pair. The euro rose by nearly 70 pips to a closing price of 1.1278. The session was held within the extreme values at 1.1294 and 1.1278. The price went above moving averages, while the index of relative strength develops in positive territory. Break of 1.1290 will confirm the current optimism and the next target is 1.1320.

The pair currently capped below 1.1300 level, now testing on the downside 1.1250 level.