Eur/usd - page 391
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EUR/USD recorded a decline on Friday. The session started at 1.1206 and the euro lost 54 pips after the US NFP report proved weaker than expected. Daily extreme values were reached respectively at 1.1243 and 1.1109. If the downward trend continues, the euro will reach the support at 1.1100.
On the last Friday’s session the EURUSD tried to rally but found enough resistance at 1.1237 to reverse and closed in the red, near the low of the day, however managed to close within the previous day range, suggesting a weak bearish momentum.
The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0961 (support) and the 50-day moving average at 1.0909 (support).
February 2016 Eurozone Sentix index 6.0 vs 7.6 exp Highlights of the February 2016 Eurozone Sentix index report 8 February 2016
The pair started rising. The main fundamental factors remain to support the US dollar. The rise last week showed that the time for correction has come.
EUR/USD is stuck between support and resistance 1.100 - 1.1200 for the past 3 days.
Yes Sherif and we stuck with it too, Hope the EUR/USD continue to climb to 1.1400 level this week.
The single currency recorded an increase against the US dollar on Monday. After a volatile session, the euro added 51 pips at a closing price of 1.1192 points. The pair bounced from support at 1.1100 and headed up. If the upward trend continues, the pair will test the first resistance at 1.1286.
Yesterday the EURUSD initially fell but found enough support at 1.1097 to turn around and close near the high of the day, however closed within the previous day range, suggesting a weak bullish momentum.
The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 10-day moving average at 1.1045 (support), the 200-day moving average at 1.1026 (support), and the 50-day moving average at 1.0923 (support).
In my opinion the next interesting levels to watch for are: Support - 1.1100; 1.0975; 1.0854; Resistance - 1.1286.
EUR/USD continue climbing again. I dont see any obsticle infront of the pair to stop the price progress till 1.1350