Eur/usd - page 537
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EUR/USD closed Friday lower, but today is seen some recovery and the current market price is 1.0579. The immediate downward pressure still exists as long as the pair holds below the resistance at 1.0620.
On the last Friday’s session the EURUSD tried to rally but found enough selling pressure around 1.0622 daily resistance to reverse and closed near the low of the day, although the currency pair managed to close within Thursday’s range, which suggests being slightly on the bearish 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 1.0631 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0592 (resistance) and a daily support at 1.0462.
EUR/USD was trading mixed yesterday, having reached daily high at 1.0630, but later retreated below 1.0600. The political instability impact the euro, but in case the US dollar weakens euro bulls might be seen with renewed strength.
On yesterday session, the EURUSD initially tried to rally but found enough resistance at 1.0622 to give most of its gains to the market but still managed to close in the green, in the middle of the daily range, in addition closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.
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 1.0636 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0589 (resistance) and a daily support at 1.0462.
EUR/USD is trading at 1.0598 against the average price of 1.0586 of intraday range 1,0565-1,0607. Although the desire of eurobulls to resume the offensive does not inspire much optimism, the euro on dips is in demand.
On yesterday session, again the EURUSD initially tried to rally but found enough resistance at 1.0622 to give all of its gains back to the market and closed in the red, near the low of the day, in addition closed within Monday’s range, which suggests being slightly on the bearish 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 1.0637 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0580 (resistance) and a daily support at 1.0462.
Yesterday the EUR/USD was trading elevated before Trump’s speech and marked high at 1.0630. But seems that Mr President surprised markets and boosted the US Dollar and stocks higher. Currently the pair is trading at 1.0530 and technical indicators confirm the bearish tone.
On yesterday session, the EURUSD initially fell but found enough buying pressure at 1.0527 to trim some of its losses but closed in the red, in the middle of the daily range, in addition closed below Tuesday’s low, which suggests a bearish 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 1.0638 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0574 (resistance) a daily support at 1.0527 and other daily support at 1.0462.
The short-term outlook for EUR/USD is remains bearish. The pair broke below 1.0520 support line and next leg to downside will come with testing the key level at 1.0500.