Eur/usd - page 528

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During the early Asian session the EUR/USD escaped from the consolidative mode and rallied higher. The pair marked a daily at high at 1.0650 and the current market price is 1.0645. Today are expected German ZEW numbers, UK PM’s Brexit speech and US manufacturing index, which will bring significant impact on the pair.

 

On yesterday session, the EURUSD fell with a narrow range but found enough support at the 10-day moving average to trim some of its losses and managed to close in the middle of the daily range, however closed below Fridays low, which suggests a bearish momentum.

 

The currency pair is trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.

 

The key levels to watch are: a daily resistance at 1.0819, a key level at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0586 (support), the 50-day moving average at 1.0556 (support) and a daily support at 1.0462.

 
EUR/USD is trading to the upside in today's session after the selling ended yesterday. The pair is now 1.0676, close to day high at 1.0678. Theresa May's speech may affect the currency pair as traders might flee from Sterling on signals for a hard Brexit.
 

The euro marked strong increase against the US dollar on Tuesday session. The EUR/USD pair reached intraday high at 1.0718 and the euro gained 115 pips. The resistance at 1.0682 was broken and  the pair closed above this level. If the positive momentum continues, the next key level at 1.0742 will be tested soon.

 

Germany December CPI final mm +0.7% vs +0.7% exp


German December CPI final readings 18 Jan

  • +0.7% flash
  • yy +1.7% as exp/flash
  • HICP mm 1.0% as exp/flash
  • yy 1.7% as exp/flash
 

On yesterday session, the EURUSD rallied 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 is trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.

 

The key levels to watch are: a daily resistance at 1.0819, a key level at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0597 (support), the 50-day moving average at 1.0557 (support) and a daily support at 1.0462.

 
Key levels to watch for:
Support: 1.0548; 1.0508;
Resistance: 1.0682; 1.0742;
 
EUR/USD is trading on the lower side today after yesterday's speech of Theresa May injected some optimism into the European currency, driving the attention away from the US dollar. Today the pair is back below 1.07 currently trading at 1.0667.
 
The single currency marked decrease against the US dollar on Wednesday session and the EUR/USD pair closed lower at 1.0680. The upcoming ECB’s monetary policy meeting today is going to set the pair under pressure.  Technically the pair remains bullish, but a surprisingly dovish tone by Draghi can push the pair to downside.
 
Euro/dollar collapsed yesterday after the Fed chairman said the US economy is performing well and FED may gradually rise interest rates. The bias is bearish for now to test 1.0600. However, that price is still moving in the upward price channel, suggesting that the bullish phase after the bounce from 1.0350 is valid. First resistance is 1.0690, whose breach could resume bullish momentum testing 1.0800. Intraday support remains 1.0550. A clear break below could lead price to neutral zone testing 1.0500.
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