Eur/usd - page 606

[Cougar512]

EUR/USD is still in a range and needs to break below 1.2150 or above 1.2350 to usher in a new trend.

[Hugo Tiago Teixeira Aboim O Neill]

On the last Friday’s session, the EURUSD initially fell but found enough buying pressure to reverse and managed to close near the high of the day, although closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.

 

The currency pair trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is 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 1.2326 (resistance), the 10-day moving average at 1.2287 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

[Hugo Tiago Teixeira Aboim O Neill]

On yesterday session, the EURUSD initially fell but found enough buying pressure to trim all its losses 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 trading below the 50-day moving average that should provide dynamic resistance however, it is trading above the 10 and 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 1.2335 (resistance), the 10-day moving average at 1.2294 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

[deresel]

The single currency recorded a positive session against the US dollar on Monday. The currency pair opened at 1.2283 and the price bounced from the first support at 1.2260. After all, the euro ended at 1.2320 and if bullish sentiment continues, perhaps there will be a resistance test at 1.2370.

[deresel]

EUR/USD
Key levels to watch for:
Support: 1.2260; 1.2070;
Resistance: 1.2370; 1.2560;

[Cougar512]

The euro/dollar had another minor move past week. On the weekly chart, we have 6 consecutive unspecified candles indicating a volatile market. Short-term expectations remain downwards for testing 1.2175. This region is a good for placing long positions with narrow stops of loss. Immediate resistance is 1.2320. A clear break above this level could lead to future upward pressure testing 1.2385. Intraday support we have at 1.2220, whose breakthrough can cause downward pressure to test 1.2175. Only a clear break under 1.2175, however, will end the major bullish prospects.

[Hugo Tiago Teixeira Aboim O Neill]

On yesterday session, the EURUSD went back and forward without any clear direction but managed to close near the high of the day, in addition closed 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 (resistance), the 50-day moving average at 1.2331 (support), the 10-day moving average at 1.2302 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

[Hugo Tiago Teixeira Aboim O Neill]

On yesterday session, the EURUSD initially rose but found enough selling pressure to trim most of its gains but closed in the green, in the middle of the daily range, in addition managed to close within Tuesdays’ range, which suggests being clearly neutral, neither side is showing control.

 

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 (resistance), the 50-day moving average at 1.2330 (support), the 10-day moving average at 1.2302 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

[Hugo Tiago Teixeira Aboim O Neill]

On yesterday session, the EURUSD fell with a wide range but found enough support near the 10-day moving average to trim some of its losses although closed near the low of the day, in addition managed to close below Wednesday’s low, which suggests a bearish momentum.

 

The currency pair trading below the 50-day moving average that should provide dynamic resistance however, it is trading above the 10 and 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 1.2330 (resistance), the 10-day moving average at 1.2305 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

[Hugo Tiago Teixeira Aboim O Neill]

On the last Friday’s session, the EURUSD went back and forward without any clear direction but closed in the middle of the daily range, in addition managed to close within Thursday’s range, which suggests being clearly neutral, neither side is showing control.

 

The currency pair trading below the 50-day moving average that should provide dynamic resistance however, it is trading above the 10 and 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 1.2328 (resistance), the 10-day moving average at 1.2304 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).