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Eur/usd news - page 559

Veselka Nikolova
633
Veselka Nikolova  

EUR/USD is behaving quite neutral today having no catalyst to set clear direction. Currently the pair is trading at 1.1120 and is approaching the critical support level at 1.1100.  

honeill
849
honeill  

On yesterday session, the EURUSD went back and forward again without any clear direction and closed in the middle of the daily range, however the currency pair closed below Monday’s low, which suggests bearish momentum.

 

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 Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1187 (resistance), a daily support at 1.1097, the 50-day moving average at 1.1092 (support), swing high at 1.1021 (support) and a key level at 1.0970 (support).

deresel
467
deresel  

For the second consecutive day, the dollar took over the single currency, but this time wiped out only 14 pips. The session was volatile and the day was opened at 1.1147. At noon, the exchange rate peaked at 1.1151, then headed for support at 1.1120. For a short time this level was broken and the bears took their bottom at 1.1118. The last quotation for the day was 1.1133.

deresel
467
deresel  

Key levels to watch for:

Support: 1.1120; 1.1050;

Resistance: 1.1256; 1.1360; 1.1440.

Veselka Nikolova
633
Veselka Nikolova  


Despite the intraday uplifted mood today of the EUR/USD pair, technically speaking the bears are ruling the game. On the four-hour time frime the price is developing around the 200-day SMA but below the 20-day and 100-day SMAs. RSI has retreated from oversold area and is nearing its mid-line. Stochastic is uptrending, but remains below its mid-line. Immediate support is seen at the critical 1.1110 level and in case of breaking it, addtional declines are expected.

Ivan
386
Ivan  

The single currency managed to get out of its negative series, earning 34 pips against the dollar. At the beginning of the day one euro was exchanged for $ 1.1133. At noon, the exchange rate recorded a bottom of 1.1127, approaching 7 pips from the first support. This provoked the bulls to become more active, and by the end of the day the rate had risen. The last quote for the day was 1.1167.

honeill
849
honeill  

On yesterday session, the EURUSD rose with a narrow range and closed near the high of the day, in addition the currency pair managed to close above Tuesday’s range, which suggests a strong bullish momentum.

 

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 Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1183 (resistance), a daily support at 1.1097, the 50-day moving average at 1.1098 (support), swing high at 1.1021 (support) and a key level at 1.0970 (support).

Veselka Nikolova
633
Veselka Nikolova  

EUR/USD is not showing any vital signs today. The pair is hovering around 1.1155 throughout the day. US session might bring some change having initial jobless claims.

honeill
849
honeill  

On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition managed to close within Wednesday’s range, which suggests being slightly on the bearish side of neutral.

 

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 Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1178 (resistance), the 50-day moving average at 1.1102 (support), a daily support at 1.1097, swing high at 1.1021 (support) and a key level at 1.0970 (support).

Veselka Nikolova
633
Veselka Nikolova  

Uncertainty is surrounding the US dollar although Fed confirmed further rate hike. EUR/USD closed as started, hovering around 1.11 mark. Seems that bears are ruling the trend now.