Eur/usd - page 594
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On yesterday session, the EURUSD dropped with a wide range and closed near the low of the day, in addition managed to close below Friday’s low, which suggests a strong bearish momentum.
The currency pair closed below the 10-day moving average that should now act as a dynamic resistance however is trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2115, other daily resistance at 1.2041, a Fibonacci retracement at 1.1995, the 10-day moving average at 1.2006 (resistance), a Fibonacci retracement at 1.1942 and other Fibonacci retracement at 1.1899.
On yesterday session, the EURUSD fell again but this time with a narrow range and closed near the low of the day, in addition managed to close below Mondays’ low, which suggests a strong bearish momentum.
The currency pair closed below the 10-day moving average that should now act as a dynamic resistance however is trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2115, other daily resistance at 1.2041, a Fibonacci retracement at 1.1995 (resistance), the 10-day moving average at 1.2006 (resistance), a Fibonacci retracement at 1.1942 (support) and other Fibonacci retracement at 1.1899 (support).
On yesterday session, the EURUSD initially rallied with a wide range but found enough resistance near the 10-day moving average to erase most of its gains and closed near the low of the day, however closed within Tuesdays range, which suggests being slightly on the bearish side of neutral.
The currency pair closed below the 10-day moving average that should now act as a dynamic resistance however is trading above the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2115, other daily resistance at 1.2041, a Fibonacci retracement at 1.1995 (resistance), the 10-day moving average at 1.2000 (resistance), a Fibonacci retracement at 1.1942 (support) and other Fibonacci retracement at 1.1899 (support).
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition 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: a daily resistance at 1.2115, other daily resistance at 1.2041, a Fibonacci retracement at 1.1995 (resistance), the 10-day moving average at 1.2021 (support), a Fibonacci retracement at 1.1942 (support) and other Fibonacci retracement at 1.1899 (support).
Eur/Usd would have a chance to consolidate during US's holiday on Monday while bulls remain strong. There is still room on the upside despite the pair being in overbought territory short-term. My next target is at 1.2220.
On the last Friday’s session the EURUSD sky-rocket with an extreme wide range and closed near the high of the day, in addition the currency pair managed to close above Thursday’s 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: a daily resistance at 1.2432, other daily resistance at 1.2287, a daily support at 1.2126 (resistance), the 10-day moving average at 1.2066 (support) and a daily support at 1.2041 (support).
On yesterday session, the EURUSD rallied again but this time with a narrow range and closed near the high of the day, in addition managed to close above Friday’s 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: a daily resistance at 1.2432, other daily resistance at 1.2287, a daily support at 1.2126 (resistance), the 10-day moving average at 1.2085 (support) and a daily support at 1.2041 (support).