Eur/usd - page 590
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Support: 1.1711; 1.1666;
Resistance: 1.1979; 1.2003;
EUR/USD is short term bearish, beyond 1.1860 the corrective mode might extend towards 1.1830-1.1820.
On yesterday session, the EURUSD fell with a wide range and closed near the low of the range, in addition the currency pair managed to close below Monday’s low, which suggests a strong bearish momentum.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), the 10-day moving average at 1.1837 (support) and a daily support at 1.1829.
The single currency lost positions against the dollar on Tuesday. The euro did not meet the positive expectations and fell for the second consecutive day. Thus, the breakthrough of resistance at 1.1979 was postponed. It is expected soon that the price is adjusted in favor of the euro. The session started at 1.1897 and the final was 60 pips down. The trend was mostly of bearish character, as the bottom of the day was hit at 1.3221.
EUR/USD stepped lower, but found support at the 50% Fibo of latest Spetember to early November bearish slope at 1.1820. Currently the pair is flirting with 1.1860 level and seems that bulls do not surrender.
On yesterday session, the EURUSD went back and forward without any clear direction, in addition closed in the middle of the daily range, furthermore the currency pair managed to within Tuesday range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), the 10-day moving average at 1.1843 (support), a daily support at 1.1829 and other daily support at 1.1753.
On yesterday session, the EURUSD initially fell but found enough buying pressure near Wednesdays low to wipe out all of its losses and closed near the high of the day, in addition the currency pair managed to close above Wednesdays high, which suggests a strong bullish momentum.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), the 10-day moving average at 1.1865 (support), a daily support at 1.1829 and other daily support at 1.1753.
It was a very shaky day for EUR/USD but the pair is back at higher levels with current market price 1.1930. I think the pair will test the resistance at 1.1961.
After having turbulent week, EUR/USD closed at 1.1891, slightly below the key level 1.19. Immediate support is seen ay 1.1880 with a break below it the pair will extend its donward correction towards 1.1830-1.1840 area. Looking to the upside, 1.1960 remains first bulls target.