EUR/USD

EUR/USD is rising gradually but persistently, hitting a high above 1.1400 as speculation of dovish hike mounts ahead of the all-important Fed decision on Wednesday.

https://prntscr.com/lwpdlp maybe it goes deeper

End of the Euro as a monetary union? Interbank FX movements on the way
https://financefeeds.com/end-euro-monetary-union-interbank-fx-movements-way/

On yesterday session, the EURUSD initially rose but found enough selling pressure near the 1.1402 to trim some of its gains and closed in the middle of the daily range, however, managed to close above Mondays’ range, which suggests a bullish momentum.

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

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1363 (support), the 10-day moving average at 1.1352 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

Interesting article. Italy has been a perpetual problem for the Eurozone but I doubt that it will reach a crisis point like Greece. If it does then there will surly be a lot of problems for the Euro but there is too much political capital involved so I expect that it will survive as a currency

On yesterday session, the EURUSD initially rose but found enough selling pressure near the 1.1439 to trim most of its gains and closed near the low of the day, however, closed within Tuesdays’ range, which suggests being slightly on the bearish side of neutral.

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

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1362 (support), the 10-day moving average at 1.1357 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

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 is trading above the 10 and 50-day moving averages that should act now as a dynamic supports although is still trading below the 200-day moving average that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1362 (support), the 10-day moving average at 1.1361 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

I am only looking at shorts on Euro right now. EURUSD is in a range and the weight of the market is to the down side. So I go for shorts with close take profit target

The price is going down after a highest point of 1.1485 from 07-Nov, maybe this is the way to 1.1273 price support next week. But as we know, the market is wild during Holidays.

I wish you all a Merry Christmas and a Happy New Year!

Merry Xmas and Happy new year to all

On Monday session, the EURUSD initially rose with a narrow range but found enough selling pressure near 1.1370 to trim some of its gains and closed in the middle of the daily range, in addition, managed to within Fridays’ range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1377 (support), the 50-day moving average at 1.1361 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

Is that an opportunity to buy to 1.14400? RSI (12) - the market (h1) is near the oversold position (30).

Bulls are getting weaker. Seems EU wants to break Support in 2019 (?).

Volatility will remain low until mid/late January, so market will stay in small range, thus lending more strength Support level 1.1300. Market is sticking too much to Support and struggling more to rise higher:

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

The currency pair closed shy below the 10 and 50-day moving averages that should act now as dynamic resistances nonetheless is still trading below the 200-day moving average that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1384 (resistance), the 50-day moving average at 1.1362 (resistance), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

BluePanther posted:
Bulls are getting weaker. Seems EU wants to break Support in 2019 (?).

Volatility will remain low until mid/late January, so market will stay in small range, thus lending more strength Support level 1.1300. Market is sticking too much to Support and struggling more to rise higher:

Most have jumped across to other assets for volatility.

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 and 50-day moving averages that should act now as dynamic supports nonetheless is still trading below the 200-day moving average that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1399 (support), the 50-day moving average at 1.1365 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

I am not even bothering with Euro right now. Seems to be ranging. Things will only start to pick up next week. Take a break enjoy some time away from the screens and then come back with a bang in the new year!

On the last Friday’s session, the EURUSD initially rallied with a narrow range but found enough resistance near 1.1460 to trim most of its gains, consequently closed near the low of the day, in addition, managed to close within Thursday range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 10 and 50-day moving averages that should act now as dynamic supports nonetheless is still trading below the 200-day moving average that should provide a dynamic resistance.

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1410 (support), the 50-day moving average at 1.1367 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).