Eur/usd - page 346
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Yesterday the EURUSD initially rallied but found enough resistance at the 200-day moving average to reverse and closed in the red near the low of the day with a narrow range.
Today is the main event of the week for the pair with the Fed Monetary policy statement and press conference later today, so we may expect some volatility.
The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1078 (resistance) and 1.0900 (support).
I don't think EUR/USD will manage to break above the resistance around 1.1090 - 1.1100 before the fundamentals later today.
In few minutes will be the FOMC statement, Happy trading everyone.
200 pip in one hour, What a drop in the EUR/USD! Testing the 1.0900 support level at the moment.
Yesterday the EURUSD initially rallied but found yet again enough resistance at the 200-day moving average to reverse and closed in the red near the low of the day with a wide range.
Yesterday the US Federal Reserve (Fed) policy makers left the rates unchanged at 0.25% although announced that the economy is still expanding and they will consider tightening policy at their next meeting in December.
The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1079 (resistance), 1.0900 (support) and 1.0819 (Support).
The single currency recorded a sharp decline at the end of the session on Wednesday. Trading started at 1.1045 and finished 119 pips lower after the Fed signaled an increase in key interest rates in December. If the downward trend continues, the euro will move to the first support at 1.0854.
It broke support and my stop got hittttt
EUR/USD is testing the resistance at 1.0975. If it manages to break above that level it will likely reach 1.1015.
The EUR/USD will not break above the 1.1000 level cause the trend bearish today .
The single currency registered an increase on Thursday. The graphics continued to develop under the moving average, while the index of relative strength remained in neutral territory. Trading started at 1.0926 and ended 60 pips higher. For the moment, the view remains positive, as the next target appeared levels at 1.1080.