Eur/usd - page 393
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Can anyone tell me if there was a specific set of news reports such as the non-farm payroll report (although I know it wasn't that one in particular) throughout this week that made the euro go up as high as it did? My analysis showed that it basically should have started coming down in value but this was a very severe deviation from the norm. I'm just wondering if some major news event that sincerely moves the currency markets took place that I didn't see on the calendar. Thank you in advance.
The euro traded at increased volatility due to the statement of Janet Yellen. The single currency rose against the US dollar by 0.9 percent to 1.1285. Main support level is at 1.1055.
The weak US dollar helped the EUR/USD to continue elevating today, but the resistance at 1.1363 stopped it, I see that the pair have good support at 1.1313 too.
EUR/USD continue climbing but in slow pace , price is facing resistance level 1.1380 which rebounded the EUR/USD multiple times through 2015. for now I prefer to be neutral.
The single currency recorded an increase against the US dollar on Thursday. The session started at 1.1290 and ended 31 pips higher. The graphics continue to develop above the moving averages, while the index of relative strength remained on neutral territory. If the upward trend continues, we can expect the first test of resistance at 1.1363.
Euro/dollar continued its momentum up yesterday, forming a peak of 1.1337. The bias remains bullish in nearest term testing 1.1400 before aim in the region of 1.1500.
Yesterday the EURUSD initially rallied but found enough selling pressure to give back some of its gains and closed at the middle of the daily range, however closed above the previous day high, 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 1.1555, other daily resistance at 1.1460, daily support at 1.1237, other daily support at 1.1097, the 10-day moving average at 1.1187 (support) and the 200-day moving average at 1.1026 (support).
December 2015 Eurozone industrial production -1.0% vs +0.3% exp m/m December 2015 Eurozone industrial production
The only component seeing any sort of decent rise is durables, but even that's flaky month to month.
A rebound happened from the resistance level 1.1370, for now it is not still clear if it is a correction and the price will return to test the resistance levels or a change of direction.
I do not see that the EUR/USD will continue to decline under the 1.1200 level but we have to stay tune for any break below that level.