Eur/usd - page 635

 
EUR/USD: Doble top, or double bottom (on M5)? The pair is indessisive right now, between 1.1393 and 1.1415.
 

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

 

The currency pair is trading below the 10, 50 and the 200-day moving averages, all should provide a dynamic resistance.

 

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1569 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1427 (resistance) and a daily resistance at 1.1459, a 2018 low at 1.1300 (support) and 100 Fibonacci expansion at 1.1232 (Support).

 
Well, looking bigger, we are going to 1,1200.
 

On yesterday session, the EURUSD fell 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 is trading below the 10, 50 and the 200-day moving averages, all should provide a dynamic resistance.

 

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1563 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1408 (resistance) and a daily resistance at 1.1459, a 2018 low at 1.1300 (support) and 100 Fibonacci expansion at 1.1232 (Support).

 

On yesterday session, the EURUSD fell for the 3rd time wide a with a narrow 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 is trading below the 10, 50 and the 200-day moving averages, all should provide a dynamic resistance.

 

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1558 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1392 (resistance), a daily resistance at 1.1459, a 2018 low at 1.1300 (support) and 100 Fibonacci expansion at 1.1232 (Support).

 
The euro rose against the US dollar on Friday to 1.1426, adding 0.16%. I believe that support is now at around 1.1301, the low of Wednesday, and resistance is likely at the level of 1.1427 - the maximum of today's trading.
 

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 closed above the 10-day moving average that should act as a dynamic support although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

 

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1555 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1391 (support), a daily resistance at 1.1459, a 2018 low at 1.1300 (support) and 100 Fibonacci expansion at 1.1232 (Support).

 
EUR/USD: The target for the next week is 1.1485.
 

On the last Friday’s session, the EURUSD tried to rally but found enough selling pressure near 1.1459 to reverse and closed near the low of the day, however, managed to close within Thursday’s range, which suggests being slightly on the bearish side of neutral.

 

The currency pair is trading above the 10-day moving average that should act as a dynamic support although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

 

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1546 (resistance), a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1377 (support), a 2018 low at 1.1300 (support) and 100 Fibonacci expansion at 1.1232 (Support).

 
It seems the pair is drifting towards the 1.13 level. It could be a good long entry if reached.
Reason: