Eur/usd - page 378
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I see that the EUR/USD will continue declining this week if the U.S. Retail Sales came positive and the 1.0767 support level will be tested.
Euro/dollar failed to keep the upgoing momentum yesterday, closing back in the secondary trend line and hit 1.0840 earlier this morning. My expectations are for a testing of 1.0835/00 levels.
EUR/USD is moving in tight range today and still didn't get under 1.0800 and still I dont have an entry point.
EUR/USD: Range Trading For Now EUR/USD traded mostly sideways yesterday and closed almost unchanged. Further range trading is expected but improving downward momentum suggests a bias for a deeper downside probe.
EUR/USD has to break clearly below 1.0750 to indicate the start of a fresh down-leg. In the meanwhile, we prefer to hold a neutral view.
France CPI Dec mm +0.2% vs +0.1% exp Latest inflation data now out
A welcome uptick but a long way to go still and oil prices will continue to add downward pressure
EURUSD still around 1.0830 but with EURGBP now back above 0.7500 capping GBPUSD
The pair practically remained unchanged during yesterday's session at 1.0856. Market participants did not set a clear direction after trading within the extreme values 1.0899 and 1.0819. Technically outlook in the short term remains neutral, as EUR/USD continues to move within the 1.0995 and 1.0805.
On yesterday session the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition managed to close within previous day range, suggesting sideways action for the next couple of days.
The pair closed below the 10 but above the 50-day moving average that continues acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1048 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0854 (resistance), the 50-day moving average at 1.0816 (support) and the last swing low at 1.0711 (Support).
The pair practically remained unchanged during yesterday's session at 1.0856. Market participants did not set a clear direction after trading within the extreme values 1.0899 and 1.0819. Technically outlook in the short term remains neutral, as EUR/USD continues to move within the 1.0995 and 1.0805.
The next support is on 1.0690, next resistance: 1.1105
The EUR/USD still in the 900-800 range for the 2nd day this week and the 1.0800 level showing more support to the pair. My eyes open wide tomorrow for any break below it.
Another failed attempt from the EUR/USD to break the support level 1.0800 and rebounded and for the second day EUR/USD rebounds to the open price.