Eur/usd - page 564
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Poor macroeconomic calendar today and low volumes. All eyes on Draghi tomorrow. Anyway the bullish tone remains in tact for the EUR/USD pair.
EUR/USD is closing the week very remarkable, above the inportant 1.16 handle. The pair is supposed to keep its upward momentum with next big target at 1.18.
EUR/USD edged the week at highest levels since August 2015. The bias remains bullish with next big challenge at 1.80.
The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.1664, adding 0.28%. I believe that support is now at 1.1433, Monday's low, and resistance is likely at 1.1683, the high of Friday's trading.
With the start of the new week the EUR/USD is keeping its bullish bias, currenlty trading at 1.1645. Probably slight correction ahead. But with the upcoming Fed strong declines are quite unlikely.
The single currency recorded a modest decline against the US dollar on Monday. The currency pair opened at 1.1662 and ended 21 pips lower. Graphics continued to grow above the moving averages, while the relative strength index remained neutral. Given the dominating positive attitudes in the long run, it is likely that the pair will reach a new peak.
Key levels to watch for:
1.1520; 1.1430; 1.1280;
Resistance: 1.1700; 1.1860.
EUR/USD skyrocketed today and is flirting with 1.17 handle. The upbeat mood remains actual in the short term. In case og breaking 1.1713 further gains are expected.
The single currency recorded a neutral session against the US dollar on Tuesday. The currency pair opened at 1.1640 and the price bounced from the first resistance at 1.1700. Eventually the pair ended at 1.1646 and if the direction of the move continues upward we can expect a new attempt to break the first resistance at 1.1700.
First support is seen at 1.1690 and next at 1.1650. Looking to the upside, resistance levels are 1.1745 and higher at 1.1790.