Eur/usd - page 592
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
After the pair broke below 1.18 resistance level, the risk remains on the downside. Support can be found around 1.1725/30, further downside might be expected.
On the last Friday’s session, the EURUSD initially fell with a wide range but found some buying pressure to trim most of its loses and closed near the high of the day, in addition the currency pair managed to close within Thursday’s range, which suggests being clearly slightly on the bullish side of neutral.
The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is trading above the 50 and the 200-day moving averages that should provide dynamic support.
The key levels to watch are: a key level at 1.1965 (resistance), the 10-day moving average at 1.1770 (resistance), the 50-day moving average at 1.1756, a daily support at 1.1753 and a key level at 1.1684 (support).
On yesterday session, the EURUSD initially rallied with a wide range but found enough selling pressure to expunge most of its initial gains and closed near the low of the day, however the currency pair managed to close within Friday’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 trading above the 50 and the 200-day moving averages that should provide dynamic support.
The key levels to watch are: a key level at 1.1965 (resistance), the 10-day moving average at 1.1813 (resistance), the 50-day moving average at 1.1753, a daily support at 1.1753 and a key level at 1.1684 (support).
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition the currency pair succeeded to close below Monday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10 and the 50-day moving averages that should provide dynamic resistance however is still trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a key level at 1.1965 (resistance), the 10-day moving average at 1.1793 (resistance), the 50-day moving average at 1.1751 (resistance), a daily resistance at 1.1753, a key level at 1.1684 (support) and other key level at 1.1593 (support).
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, furthermore the currency pair managed to close above Tuesday 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 key level at 1.1965 (resistance), the 10-day moving average at 1.1798 (support), the 50-day moving average at 1.1754 (support), a daily support at 1.1753, a key level at 1.1684 (support) and other key level at 1.1593 (support).
On yesterday session, the EURUSD initially rose but found enough selling pressure to erase all of its gains and closed near the low of the day however, the currency pair managed to close within Wednesdays’ 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 trading above the 50 and the 200-day moving averages that should provide dynamic support.
The key levels to watch are: a key level at 1.1965 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1784 (resistance), the 50-day moving average at 1.1753 (support), a daily support at 1.1753, a key level at 1.1684 (support) and other key level at 1.1593 (support).
On the last trading day of the week, which can be called the last full trading day before the Christmas holidays, trading activity declined. In addition, I do not exclude opening trades on Tuesday with price gaps for most instruments.
Key levels to watch for:
Support: 1.1735; 1.1670;
Resistance: 1.1875; 1.2000;
I wish everyone here Merry Christmas and Happy holiday!