Eur/usd - page 497
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Yesterday the EURUSD rallied with a narrow range and closed near the high of the day, however closed within the previous day range, which suggests being slightly on the bullish side of neutral.
The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1072 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.
EUR/USD was seen today back above 1.1000 level as the US dollar cheered up on the excellent CPI numbers. The pair climbed to 1.1015, but lost strength to push higher.
EUR/USD: Sell At The Low-End Of The Former Range
The spotlight remains on a more important support zone at 1.0952/13.
EURUSD’s decline has begun to slow on approach to what is seen as a more important support zone at 1.0952/13 – the June/July lows and the 61.8% retracement of the December 2015/May 2016 rise.
We would expect a renewed effort to base here and to see an initial bounce back from it. However, should it be directly removed, this would signal a more sustained phase of weakness to measured range objectives at 1.0876, then 1.0826/22, and eventually back to the lower end of the medium-term range at 1.0605/00.
Yesterday the EURUSD tried to rallied but found enough selling pressure to quickly reverse and closed near the low of the day, however closed within the previous day range, which suggests being slightly on the bearish side of neutral.
The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1055 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.
Today the EUR/USD pair hit new fresh daily low at 1.0960, then bounced and currenlty is staying within its daily range. This level is acting now as immediate support.
EUR/USD remained close to unchanged during yesterday’s session and closed just 7 pips lower at 1.0972. The pair is moving under the moving averages while RSI in neutral area. Next target is 1.0980 level.
Yesterday the EURUSD went back and forward without any clear direction but closed in the red, in the middle of the daily range, furthermore closed within the previous day range, which suggests being clearly neutral, neither side is showing control.
The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1033 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.