Eur/usd - page 536
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EUR/USD crossed to below the 1.06 mark which now is acting as an intraday resistance. The pair is currently trading at 1.0534 and next bears target is seen at 1.0500 area.
EUR/USD continued the downward slope and yesterday tested the key support at 1.0520. The lack of important news this week maintained the sideways course of the pair. But todya we have FOMC minutes and this might set more clear direction for the pair.
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Monday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, a daily resistance at 1.0622, the 50-day moving average at 1.0624 (resistance), the 10-day moving average at 1.0609 (resistance) and a daily support at 1.0462.
EUR/USD bounced off the lows yesterday, following the release of FOMC minutes. In the early session today the pair marked a daily high at 1.0572. Minor resistance is seen at 1.0585 and a key one remains the psychological level at 1.0600. The intraday support is located at 1.0500 and lower at 1.0493 (yesterday’s low).
On yesterday session, the EURUSD initially fell with a narrow range but found enough buying pressure to trim all its losses and managed to close in the green, near the high of the day, in addition closed within Tuesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0626 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0600 (resistance) and a daily support at 1.0462.
The EUR/USD pair recovered from Tuesday’s lows but yet is unbale to conquer key levels. In the 4 hour chart tehcnical indicators show limited bullish pressure. The price is lightly above the bearish 20-day SMA, while RSI and momentum are aroud their mid-lines, but has lost upward strength.
On yesterday session, the EURUSD initially fell but found enough buying pressure to trim all its losses and closed in the green, near the high of the day, in addition managed to close above Wednesday’s high, which suggests a strong bullish momentum.
The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0629 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0595 (resistance) and a daily support at 1.0462.