Eur/usd - page 603

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On yesterday session, the EURUSD initially fell but found enough support at 1.2287 to trim all of its losses and closed near the high of the day, in addition managed to close within Friday’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 act as dynamic resistances however is still trading above the 200-day moving average that should provide dynamic support.

 

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 10-day moving average at 1.2341 (resistance), the 50-day moving average at 1.2333 (resistance), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 
The euro / dollar did not make a substantial move yesterday. Trade signals remain neutral. From a time chart perspective, the price moves in an ascending wedge, which can cause further bear correction after the formation of the double peak at 1.2445. Support for the day is the bottom line of the wedge, located around 1.2300. A clear breakthrough underneath it can confirm the bullish scenario for testing 1.2270 - 1.2250, but key support remains 1.2175. Short-term resistance is 1.2360, whose breakthrough will cancel the bearish scenario of the upward wedge with testing at 1.2400 - 1.2445. Basically, I stay in the bulls camp, but the longer the pair is kept below 1.2537, the price is still in the downward correction / consolidation phase.
 
macidonni:

Hey dear members...

Could you please tell me wich NEWS of economic calender will have a big impact on the EUR/USD

Like yesterday the USD Unemployment Rate (FEB), USD Change in Non-farm Payrolls (FEB)?

I need to know wich news will make the eur fall or rise that much !

Thx

There are many news in USD pair that highly impact. Some website like ForexFactory.Com. Visit and Follow.
 

On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Mondays’ high, which suggests a strong bullish momentum.

 

The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.

 

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (support), the 10-day moving average at 1.2352 (support), the 50-day moving average at 1.2337 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

On yesterday session, the EURUSD initially rose but found enough selling pressure to reverse and closed near the low of daily, however managed to close within Tuesdays’ range, which suggests being slightly on the bearish side of neutral.

 

The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.

 

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (support), the 10-day moving average at 1.2355 (support), the 50-day moving average at 1.2339 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 
Euro / dollar did not have a convincing move yesterday. The signals are neutral for now. The price still moves in the range of 360 pips between 1.2537 - 1.2175. On the hourly chart, however, the price moves above the EMA 200 and the trendline support line, which suggests upward signals. In addition, the pair slid over the downward channel earlier today, backing the bullish scenario. Immediate support is 1.2347 (hourly EMA 200 and yesterday's bottom). A clear breakthrough below this level will erase the bullish views from the perspective of the hourly chart with testing at 1.2300 or lower. We have a 1.2445 intraday resistance, whose breakthrough and daily closure will take the cost of retesting the critical 1.2537 resistance that has to be clearly broken down to restore the bullish trend.
 

On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Wednesday’s low, which suggests a strong bearish momentum.

 

The currency pair is trading below the 10 and the 50-day moving averages that should act as dynamic resistances however is still trading above the 200-day moving average that should provide dynamic support.

 

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 10-day moving average at 1.2347 (resistance), the 50-day moving average at 1.2341 (resistance), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 
The pair seems have lost its bullish momentum, upside limited to 1.2335, Eur/USD continue to lack of directional strength. Immediate support can be found around 1.2260.
 

On the last Friday’s session, the EURUSD went back and forward without any clear direction in addition closed in the middle of the daily range, however managed to close below Thursday’s low, which suggests bearish momentum.

 

The currency pair is trading below the 10 and the 50-day moving averages that should act as dynamic resistances however is still trading above the 200-day moving average that should provide dynamic support.

 

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2342 (resistance), the 10-day moving average at 1.2317 (resistance), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

On yesterday session, the EURUSD initially fell but found enough support at 1.2260 to trim all of its losses and closed near the high of the day, in addition managed to close within Friday’s range, which suggests being slightly on the bullish side of neutral.

 

The currency pair is trading below the 50-day moving average that should act as dynamic resistance however closed above the 10-day moving average and is still trading above the 200-day moving average both should provide dynamic support.

 

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2345 (resistance), the 10-day moving average at 1.2326 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

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