Eur/usd - page 444

New comment
 

On Friday the euro marked its strongest session against the dollar for nearly six months, after the data from the US labor market disappointed markets. The euro rose more than 200 pips to a closing price of 1.1355 and thereby reported first positive week for the last five. Dispelling expectations of raising interest rates by the Fed in June continues to support the single currency. Technically the bulls are favored and immediate support is located at 1.1330.

 

On the last Friday’s session the non-farm payrolls made the EURUSD rally with a wide range and closed near the high of the day, in addition managed to close above the previous Thursdays high, suggesting a strong bullish momentum.

 

The pair is trading above the 200-day moving average and closed above the 10 and 50-day moving averages; all should now act as dynamic supports.

 

The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1460, the 50-day moving average at 1.1303 (support) and a daily support at 1.1237.

 
EUR/USD is trading relatively stable in today's session even after Yellen's speech about the latest jobs report and current economy state. Price is now 1.1370 with first resistance at 1.14.
 
Following Yellen’s speech US dollar remained stuck around 3-week low. EUR/USD fell 0.08% and was trading lower. The intraday low was reached at 1.325.
 

Yesterday the euro remained unchanged against the dollar at a level of 1.1352. The pair failed to overcome the psychological resistance at 1.1400, while the euro found support at 1.1326. Technically the bulls will dominate. Support is located at 1.330 and resistance at 1.1465.

 

Yesterday EURUSD went back and forward without any clear direction but still closed in the red, in the middle of the daily range, in addition managed to close within the previous day range, which suggests clearly neutral market, neither side is showing control.

 

The pair is trading above the 10, 50 and 200-day moving averages that are acting as dynamic supports.

 

The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1460, the 50-day moving average at 1.1302 (support) and a daily support at 1.1237.

 
EUR/USD is trading lower today after the speech of FED's Yellen. Key remarks highlighted in her talk were the strengths of the US economy and the reason for such a low jobs report. She emphasized how traders and investors should not overreact to a single report. This appers to have worked, as the US dollar is stronger today.
 
The dollar slowed its decline after the statement of Janet Yellen. Fed chairman said that currently central bank policy is appropriate, but over time interest rates will rise. Yellen also said that it expects inflation to move towards the 2% target over the next few years. For NFP last week, Fed Chairman said that they were "disappointing".
 
EUR/USD was indecisive yesterday. Commercial bias remains bullish in nearest term for testing 1.1470. Support for the day remains 1.1285. A clear break and daily close below this level could become a threat to the bullish scenario re-testing the lower line of the bullish channel, but I still prefer a bullish scenario at this stage.
 
Key levels to watch for today:
Support: 1.1330; 1.1220; 1.1090; 
Resistance: 1.1465; 1.1620.
1...437438439440441442443444445446447448449450451...645
New comment
Reason: