Eur/usd - page 627

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Despite the strong NFP last Friday, this week the dollar was unstoppable on its way down. If EUR/USD manages to bake 1,1700, the next target is 1.1750 (daily and weekly charts).
 
EUR/USD broke resistance, next bull target I think will be 1.1790, a double top.
 

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

 

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

 

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1615 (support), the 50-day moving average at 1.1589 (support), a daily support at 1.1555, other daily support at 1.1459.

 

On the last Friday’s session, the EURUSD Tried to rally but found enough resistance near 1.1733 to reverse and close near the low of the day, in addition, managed to close below Thursday’s low, which suggests a strong bearish momentum.

 

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

 

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1613 (support), the 50-day moving average at 1.1586 (support), a daily support at 1.1555, other daily support at 1.1459.

 
ECB's Makuch says he may consider leaving his post early

European Central Bank policymaker Jozef Makuch may consider stepping down as head of Slovakia's central bank early to allow parliament to appoint a successor before what are expected to be highly divisive elections in spring 2020, he said.

That would avoid the prospect of political wranglings leading to his post being left vacant for an extended period, as has happened in Slovenia, which has been unable to pick a new governor since March.

Makuch, whose term ends in 2021, told reporters he considers finance minister Peter Kazimir as a suitable replacement.
"The next government will likely be made of several parties with a different world view," Makuch said, addressing rumors in the Slovak press that he is preparing for an early departure. "That could lead to political instability and early elections."

 
The EUR/USD bulls are anxious to break the resistance. I think we can see 1.18 this week.
 
Comments that do not relate to this topic, have been moved to "Forecast and levels for Cryptocurrencies".
 

On yesterday session, the EURUSD rallied with a narrow range and closed near the high of the day, however, closed within Friday’s range, which suggests being slightly on the bullish side of neutral.

 

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

 

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1623 (support), the 50-day moving average at 1.1586 (support), a daily support at 1.1555, other daily support at 1.1459.

 

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

 

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

 

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1634 (support), the 50-day moving average at 1.1585 (support), a daily support at 1.1555, other daily support at 1.1459.

 
EUR/USD: Euro trades higher ahead of Draghi speaking for the second time this week

Euro is trading on the upside, but still below September 2018 highs ahead of the ECB President Mario Draghi speaking for the second time this week. The global trade tensions are escalating this week with China decided to retaliate the US move on tariffs with the negative effect on market sentiment. 
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