Eur/usd - page 576
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These are mine:
Support: 1.1834; 1.1735;
Resistance: 1.2102.
The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1957, gaining 0.13%. I believe that support is now at 1.1862, the minimum of Wednesday, and resistance, probably, will be the level 1.2033 - the maximum of Wednesday.
On the last Friday’s session the EURUSD initially rallied but found enough resistance at 1.1976 to trim most of its gains and closed near the low of the day, however the currency pair closed within Thursday’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 daily resistance at 1.2115, other daily resistance at 1.2041, a daily resistance at 1.1976, the 10-day moving average at 1.1934 (resistance), a daily resistance at 1.1910, the 50-day moving average at 1.1868 (support), a daily support at 1.1829 and another daily support at 1.1753.
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition the currency pair managed to close below Friday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10-day moving average and closed below the 50-day moving average both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, the 10-day moving average at 1.1918 (resistance), a daily resistance at 1.1910, the 50-day moving average at 1.1868 (resistance), a daily support at 1.1829 and another daily support at 1.1753.
The bears continue to dominate this morning having the EUR/USD below 1.80 handle with current market price 1.1778. Immediate support is seen at 1.1760 and next at 1.1730.
On yesterday session, the EURUSD initially fell but found enough support at 1.1753 to recover some of its losses however closed in the red, in the middle of the daily range, in addition the currency pair managed to close below Monday’s low, which suggests a bearish momentum.
The currency pair is trading below the 10 and the 50-day moving averages both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.
The key levels to watch are: the 10-day moving average at 1.1894 (resistance), the 50-day moving average at 1.1865 (resistance), a daily resistance at 1.1829, a daily support at 1.1753 and other daily support at 1.1720.
EUR/USD broke the support line at 1.1730 and now is heading towards next one at 1.1660.
Well, I don't believe in price predictions and I, personally, am not interested in such news.
To put it simply, I don't rely on them.
The single currency recorded a negative session against the US dollar on Tuesday. After a steady downward movement, the currency pair lost 56 pips at a closing price of 1.1792. Daytime extreme values were reached at 1.1861 and 1.1757 respectively. In the short term, the outlook remains negative, as a breakthrough at 1.1735 will test 1.1670.