Eur/usd - page 550
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EUR/USD is falling back towards 1.0860 level with the European session underway. The indicators on the 4-hour chart are in the negative territory and suggest further downward pressure.
On yesterday session, the EURUSD went back and forward without any clear direction although and closed in the red, in the middle of the daily range, plus managed to close within Tuesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a key level at 1.0970 (resistance), the 10-day moving average at 1.0926 (resistance), a daily resistance at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0769 (support).
On yesterday session, the EURUSD went back and forward without any clear direction again and closed in the red, in the middle of the daily range, plus managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a key level at 1.0970 (resistance), the 10-day moving average at 1.0922 (resistance), a daily resistance at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0774 (support).
The EUR/USD moved higher today and posted 3-day high at 1.0933 right after the release of the US economic data. A possible daily close below the 20-da SMA, currently standing at 1.0870, will hurt bulls’ strength.
On the last Friday’s session the EURUSD rallied with a wide range but and closed near the high of the day, in addition the currency pair managed to close above Thursday’s high, which suggests a strong bullish momentum.
The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: Year high at 1.1021 (resistance), a key level at 1.0970 (resistance), the 10-day moving average at 1.0926 (support), a daily support at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0778 (support).