Eur/usd - page 562

 

The euro fell against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.1399, losing 0.21%. I believe that support is now at 1.1311, the Wednesday's low, and resistance is likely at 1.1440, the high of Friday's trading.

 

On the last Friday’s session the EURUSD went back and forward without out any clear direction however still closed in the red , in the middle of the daily range, in addition the currency pair managed to close within Thursday’s range, which suggests being clearly neutral, neither side is showing control.

 

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

 

The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, the 10-day moving average at 1.1388 (support), a Fibonacci retracement at 1.1302 (support) and a daily support at 1.1237.

 

EUR/USD was trading almost unchanged today, hovering around 1.14 level due to the lack of major macro data. Bigger events later this week will stir the markets and the pair will find more clear direction.

 

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

 

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

 

The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, the 10-day moving average at 1.1397 (support), a Fibonacci retracement at 1.1302 (support) and a daily support at 1.1237.

 

EUR/USD pair has just marked a fresh new yearly high at 1.1479, mostly influenced by Trump Jr’s affairs. Short term seems to be very bullish, confirmed by technical indicators.

 

On yesterday session, the EURUSD rose with a wide range and closed near the high of the day, in addition the currency pair closed above Monday’s high, which suggests a strong bullish momentum.


The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

 

The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, the 10-day moving average at 1.1399 (support), a Fibonacci retracement at 1.1302 (support) and a daily support at 1.1237.

 

EUR/USD marked today a fresh new yearly high at 1.1489, but is going to close below 1.14. The downward development seems to be limited as the price is still holding above the 20-day SMA and indicators had corrected from their overbought conditions.  

 

On yesterday session, the EURUSD fell with a narrow range 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 above the 10, 50, and 200-day moving averages that should provide dynamic support.

 

The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, the 10-day moving average at 1.1398 (support), a Fibonacci retracement at 1.1302 (support) and a daily support at 1.1237.

 

The EUR/USD pair is under pressure for second day. Today the pair marked daily low at 1.1370 and it seems that is not going to close far above it. Technical indicators are showing mixed signs. First support is seen at 1.1340 and is broken, steeper decline is expected.

 
Eurusd maybe is great time to long
Reason: