Eur/usd - page 384
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Germany IFO Jan business climate 107.3 vs 108.4 exp Latest IFO now out
Softer readings sees the euro pegged back a little
EURUSD down to 1.0823 EURGBP 0.7591 EURJPY 128.08
The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The index is compiled by the Ifo Institute for Economic Research.
On the last Friday’s session the EURUSD plunged and closed well in the red, near the low of the day, in addition managed to close within the previous day range, suggesting a weak bearish momentum.
The pair closed below the 10 and the 50-day moving averages that now are acting as a dynamic resistance.
The key levels to watch are: The previous swing high at 1.0975 (resistance), 10-day moving average at 1.0877 (resistance), the 50-day moving average at 1.0851 (resistance) and a swing low at 1.0712 (Support).
The euro recorded a losing session against the dollar on Friday. The single currency ended the week at lower levels, bringing the pair close to the support at 1.0769. If the negative momentum continues, the key level will be overcome and the new goal of currencies will be the second support at 1.0707. Session on Friday started at a price of 1.0872 as the bear trend was leading from the start and dominated throughout. Bottom of the day was hit at 1.0789 and the finish line was crossed only 6 pips higher.
EUR/USD is still in a sideways range, trade within the Bollinger bands. The next support is seen on 1.0800. Resistance - 1.0900.
Since the start of this year, EURUSD has been consolidating in the range of 1.073 and 1.095.
1.079 is acting as the major immediate support level for this pair below which if it goes 1.05 will the next level the bears will target on the downside.
the week is going to be very crucial for euro, three major central banks meetings FOMC taking the lead and grabbing the highlight
EUR/USD failed to break 1.0800 last week and close under and price rebounded back from the support levels today, I think we might go back to the sideways trading again.
The economic calendar this week has some high volatility expected for the USD, which will move the EUR/USD out of it is tight zone.
The single currency registered an increase against the dollar on Monday. The euro break two-day losing streak and marked gains. So break of support at 1.0769 was postponed and short-term expectations remain in favor of the euro. In this case, the pair is likely to make a test of resistance at 1.0917. Monday session started at a price of 1.0790, as a bullish trend was leading all the time. Tip of the day was reached at 1.0856, and session closed with 8 pips below.
On yesterday session the EURUSD rallied and closed well in the green, near the high of the day, in addition closed within the previous day range, suggesting a weak bullish momentum.
The pair failed to close above the 10 and the 50-day moving averages that now are acting as a dynamic resistance.
The key levels to watch are: The previous swing high at 1.0975 (resistance), 10-day moving average at 1.0866 (resistance), the 50-day moving average at 1.0863 (resistance) and a swing low at 1.0712 (Support).