Eur/usd - page 557

 

On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, plus the currency pair closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.

 

The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.

 

The key levels to watch are: a Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance) , the 10-day moving average at 1.1237 (resistance), a daily resistance at 1.1237, a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).

 

EUR/USD fell today to 1.1190 but yet remains in tight range. Ahead of tomorrow’s FOMC meeting no changes are expected and the pair will consolidate around 1.12 mark.

 

On yesterday session, the EURUSD went back and forward again without any clear direction and closed in the middle of the daily range,  plus the currency pair closed within Monday’s range, which suggests being clearly neutral, neither side is showing control.

 

The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.

 

The key levels to watch are: a Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance) , the 10-day moving average at 1.1237 (resistance), a daily resistance at 1.1237, a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).

 

The pair of EUR / USD after fluctuating fluctuations in the direction of gradually increasing gradually, in the last few minutes has started to form a clear trend. Although the peak has not been established, it can be said that the uptrend is expected to be high in the next few minutes. Three candles closed H4 candle is up and above the average Bollinger Bands. This shows that the impact is not negligible and the market is preparing for the uptrend.

Resistance 1.1232 is still a fairly important resistance, this level of test again can open the opportunity for long-term reversal. However, we still have to wait and our target will first be 1.1235 - 1.1245. Closing on the important market ploy will have plenty of opportunities to increase sharply during the day.

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EUR/USD jumped higher today, almost reaching US election level, but failed to surpass the key 1.13 mark and even went lower later. Current market price is 1.1212 and immediate resistance is seen at 1.1233. In case of breaking it, another move to the upside would be possible.

 

On yesterday session, the EURUSD tried to rally with a wide range but found enough resistance around  1.1291 a Fibonacci extension to trim most of its gains  and closed near the low of the day, however the currency pair managed to close within Tuesday’s range, which suggests being slightly on the bearish side of neutral.

 

The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.

 

The key levels to watch are: a Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1230 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).

 

EUR/USD is poised to extend its decline, having technical readings on the 4-hour time frame. The price is well below the 20-day and 100-day SMAs, while RSI and stochastic are located within extremely oversold territory.  

 

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

 

The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.

 

The key levels to watch are: a Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1217 (resistance), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).

 

EUR/USD recovered from yesterday’s low and today is seen slightly higher. However the pair is hesitant and is staying within the daily range between 1.1150 and 1.1190.

 

The single currency recorded a decline against the US dollar on Thursday. The session started at 1.1217 and ended at 1.1144. The currency pair rebounded from the 1.1130 support and if the euro continued to lose its position against the US dollar there is a strong likelihood of a breakthrough in first support.

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