Eur/usd - page 524
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
The EUR/USD pair bounced from the 14 years low at 1.0340 and today is consolidation around 1.0400 level. Yet the pair is vulnerable to further downward slide towards the support at 1.0335.
On yesterday session, the EURUSD fell with a wide range but managed to trim some of its losses and closed in the middle of the daily range, in addition managed to close below previous day low, which suggests bearish momentum.
The currency pair closed below the 10-day moving average that should act as a dynamic resistance and continues to trade below the 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, a daily resistance at 1.0462, the 10-day moving average at 1.0452 (resistance) and a new multi-year low at 1.0340 (support).
On yesterday session, the EURUSD rose with a narrow range and managed to close near the high of the day, however closed within previous day range, which suggests being slightly on the bullish side of neutral.
The currency pair closed above the 10-day moving average that should act as a dynamic support but continues to trade below the 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, a daily support at 1.0462, the 10-day moving average at 1.0458 (support) and a new multi-year low at 1.0340 (support).
Fed’s minutes presented high uncertainty and set the US dollar under selling pressure. The EUR/USD pair hit highest level for the week at 1.0614. The trend remains bullish in the short-term with next target 1.0652.
EURUSD current price is that 1.0580 overall trend is down support 1.0510
For more updates you can visit here: www.mmfsolutions.sg
If you want to take 3 days free trial in Forex Tips, then hurry up traders.
On yesterday session, the EURUSD rose with a wide range and closed near the high of the day, in addition managed to close above previous day high, which suggests a strong bullish momentum.
The currency pair trades above the 10-day moving average that should act as a dynamic support but continues to trade below the 50 and the 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0475 (support), a daily support at 1.0462 and the 2017 low at 1.0340 (support).