Eur/usd - page 617

 
Eur/Usd is trading almost flat around 1.165 level, fear of the trade war escalating would put the pair at risk of resume its downward movement.
 

On the last Friday’s session, the EURUSD rallied with a narrow range and closed near the high of the day, in addition, managed to close above Thursday’s high, which suggests a strong bullish momentum.

 

The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (support), the 10-day moving average at 1.1614 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

On yesterday session, the EURUSD initially fell but found enough support near 10-day moving average to erase all of 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 is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (support), the 10-day moving average at 1.1625 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, however, managed to close within Mondays’ range, which suggests being slightly on the bearish side of neutral.

 

The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1627 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

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

 

The currency pair closed below the 10-day moving average that should provide a dynamic resistance, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1627 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

On yesterday 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 Wednesday’s range, which suggests being clearly neutral, neither side is showing control.

 

The currency pair closed below the 10-day moving average that should provide a dynamic resistance, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1618 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 
Eur/Usd upside movement seems dry up, but downside seems limited too ahead of US nonfarm payrolls. Resistance can be found at 1.169 and follow by 1.172, on the opposite side, immediate support around 1.162 and follow by 1.150/55.
 

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

 

The currency pair closed above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1638 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

On yesterday session, the EURUSD initially fell but found enough support near 1.1600 handle to trim some of its losses and closed in the middle of the daily range, in addition, managed to close within Friday’s range, which suggests being clearly neutral, neither side is showing control.


The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1624 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

On yesterday session, the EURUSD rose with a narrow range and closed near the high of the day, however, managed to close within Mondays’ range, which suggests being slightly on the bullish side of neutral.

 

The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1642 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

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