Eur/usd - page 581
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EUR/USD is unstable around 1.18. Indicators are aiming sounth on the 4 hour chart and bears are likely to take the control.
On yesterday session, the EURUSD initially fell but found enough support near the 10-day moving average to trim some of its losses although closed in the red, in the middle of the daily range, in addition the currency pair managed to close below Friday’s high, which suggests a strong bearish momentum.
The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above the 10 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1864 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1789 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
The EUR/USD dropped today to 1.1735, but recoved to currenlty trade at 1.1765. The short term outlook remains bullish, confirmed by the indicators on the four hour time frame.
On yesterday session, the EURUSD fell again but found enough support near the 1.1753 to trim some of its losses although 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 that should provide dynamic resistance however is trading above 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1863 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1792 (resistance), a daily support at 1.1753 and a key level at 1.1684 (support).
EUR/USD bounced from the early morning low at 1.1730. The pair conqured the resistance at 1.1780, but let’s see if bulls will fight the 1.18 handle.
On yesterday session, the EURUSD initially fell but found yet again enough support near the 1.1753 to trim all of its losses plus closed in the green, near the high of the day, however the currency pair managed to close within Tuesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 10 and the 50-day moving averages that should provide dynamic resistance however is trading above 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1864 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1801 (resistance), a daily support at 1.1753 and a key level at 1.1684 (support).
The US dollar recorded a rise against the Japanese yen on Wednesday. The session started at 112.19 and ended at 112.92. After a steady upward movement, the price managed to break the first resistance at 112.90. If the direction of motion continues upward, perhaps there will be an attempt to break the first resistance at 114.30.
EUR/USD is up today, but stalled at the 200-day SMA. Indicators are retreating from the overbought territories. Nevertheless I’m positive on the pair. 1.1820-1.1830 is critical, but I believle bulls will fight it.
On yesterday session, the EURUSD initially fell but found enough support near 1.1766 Wednesday open to reverse and closed near the high of the day, in addition the currency pair managed to close above Wednesday’s high, which suggests a strong bullish momentum.
The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above 10 and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1865 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1813 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
EUR/USD experienced an uneventful week and is ending flat. But the next week will bring much excitement over this pair.