Eur/usd - page 348
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The euro recorded an insignificant increase against the dollar on Friday. The session was dynamic, and the pair gave indications for the continuation of the bullish trend from the previous day. After reaching a peak for the day at 1.1070, however, the single currency lost ground. The session ended at 1.1002, while the euro gained only 17 pips. If the upward direction continue, the currencies will make a test of resistance at 1.1095.
EUR/USD opened over the support/resistance line 1.1000 but still all day long the pair is moving in tight range.
The EUR/USD moving around the opening point today and currently at 1.1021, I hope that the pair will not continue in this rhythm till Friday.
The euro registered a neutral trading against the dollar on Monday. The pair started the session at higher levels and vary within extremely narrow range throughout. The start was given at a price of 1.1033, and ended 19 pips below. Peak of the day was reached at 1.1052, and the difference between the highest and lowest value was 52 pips. If the single currency justify positive expectations, resistance at 1.1095 will be broken soon.
Yesterday the EURUSD initially rose but yet again found enough selling pressure to reverse and closed in the red near the low of the day, shy below the 10-day moving average.
The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1088 (resistance), the 10-day moving average at 1.1012 (support) and 1.0900 (support).
1.0960 still proves a strong support level for EUR/USD, let's see what Draghi will say tonight.
I have no doubt that the next level will be 1.0900 to be tested and the EUR/USD is bearish.
Euro remains under pressure as equities firm up The euro's current status as a funding currency is having its negative impact as equity markets head higher still
EURUSD is on session lows at 1.0938 which in turn has seen EURGBP now break down through 0.7100 to post 0.7090 which in turn is lending support to cable around 1.5420
Good support/demand at 1.0900 and 0.7080-85 should provide some temporary relief but keep your eye on equity markets for additional clues.
EURJPY is down to 132.38 having taken out decent bids at 132.50 again. More buyers expected at 132.25 then 132.00. Offers between 132.80-133.00