EUR/USD

Another failed attempt from the EUR/USD to break the support level 1.0800 and rebounded and for the second day EUR/USD rebounds to the open price.

sherifFares posted:
Another failed attempt from the EUR/USD to break the support level 1.0800 and rebounded and for the second day EUR/USD rebounds to the open price.

Few attempt at 880,will we break higher,looks like it on the longer chart that we might get a bullish move

lets see if there is new fundamental surprises to take the EURUSD out of consolidation. Even though it has been moving intra-day, in reality it has not been able to break the 1.09 or the 1.08.

The euro added value against the US dollar during yesterday's session, gaining 20 pips to a closing price of 1.0876. The session was held in the extremes at 1.0887 and 1.0804. Inability to break the psychological barrier at 1.0800 contributes to positive attitudes. The price went above the average values as the relative strength index added positions in positive territory. 1.0995 remains the key objective upwards.

Stocks got hammered,10yT note and 2y yield higher,Euro got a bounce this morning,good news for Germany,better than expected results.

FXWES posted:
The pair practically remained unchanged during yesterday's session at 1.0856. Market participants did not set a clear direction after trading within the extreme values 1.0899 and 1.0819. Technically outlook in the short term remains neutral, as EUR/USD continues to move within the 1.0995 and 1.0805.

The next support is on 1.0690, next resistance: 1.1105

On yesterday session the EURUSD initially fell but found enough support at the 50-day moving average to turn around and closed near the high of the day, however closed within previous day range, suggesting a week bullish momentum.

The pair closed above the 10 and the 50-day moving average that continues acting as a dynamic support.

The key levels to watch are: 200-day moving average at 1.1048 (resistance), previous swing high at 1.0970 (resistance), 10-day moving average at 1.0864 (support), the 50-day moving average at 1.0821 (support) and the last swing low at 1.0711 (Support).

I wonder how much longer range will continue. The pair bounced off the resistance at 1.0945 and if it breaks below 1.0885 it will reach the support at 1.0850 again.

victoriajensen posted:
 I wonder how much longer range will continue. The pair bounced off the resistance at 1.0945 and if it breaks below 1.0885 it will reach the support at 1.0850 again.

It seems ranging continue, the pair has found the immediate support zone around 1.0850, Eur/Usd is bouncing off 1.0900 level.

The 1.1000 level is impossible to the EUR/USD this week while the US Dollar is strengthened with the positive U.S. data supports.

Europe is fighting to push Euro lower and US is fighting to push Dollar lower,see saw.

Another tight range trading today, Price failed to close under support levels and 1.0900 resistance level is still holding up . I don't think we will see major break this week.

On Wednesday, the US dollar fell against the euro, breaking run of three consecutive days of gains.
EUR/USD traded in a narrow range, ending the day with a minimum increase of 18 pips at 1.0876.

What about the strong dollar policy?

The pair recorded a moderate decline on Thursday, erasing most of its gains from the previous day. Thus the price remained at familiar territory for the third consecutive session, after failing to keep the daily progress. Session peak was reached at 1.0942, while the lowest point was recorded at 1.0835. Technically the outlook for the EUR/ USD remains neutral in the short term.

On yesterday session the EURUSD initially rose but found enough selling pressure near the last swing high to turn around and closed near the low of the day, however closed within previous day range, suggesting a week bearish momentum.

The pair still managed to close above the 10 and the 50-day moving average that continues acting as a dynamic support.

The key levels to watch are: 200-day moving average at 1.1048 (resistance), previous swing high at 1.0970 (resistance), 10-day moving average at 1.0868 (support), the 50-day moving average at 1.0825 (support) and the last swing low at 1.0711 (Support).

After disappointing US retail sales data, Eur/Usd pushed higher towards 1.100 level.

The EUR/USD trying to break above the resistance level at 1.0998 today, I see that if it get through so the next level will be 1.1050.

csc2009 posted:
After disappointing US retail sales data, Eur/Usd pushed higher towards 1.100 level.

I did, but I doubt it will be able to break above it before the market closes today. The question is whether or not range will finally end next week.