Eur/usd - page 639

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On yesterday session, the EURUSD dropped like a rock after hitting the 50-day moving average 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 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: a daily resistance at 1.1555, the 50-day moving average at 1.1460 (resistance), a daily resistance at 1.1459, the 10-day moving average at 1.1351 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (Support).

 
The euro rose against the greenback on Wednesday. By the close of US trading, EUR / USD was trading at 1.1385, adding 0.13%. I believe that support is now at 1.1271, Thursday's low, and resistance is likely at 1.1472, Tuesday’s high.
 

On yesterday session, the EURUSD initially rose with a narrow range but found enough selling pressure near 1.1425 to trim most of its gains and closed near the low of the day, 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-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: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1453 (resistance), the 10-day moving average at 1.1359 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (Support).

 

On yesterday session, the EURUSD initially rose with a narrow range but found enough selling pressure near 1.1433 to trim most of its gains and closed near the low of the day, in addition, managed to close within Wednesday’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: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1446 (resistance), the 10-day moving average at 1.1375 (support), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 
By the close of US trading, EUR / USD was trading at 1.1331, losing 0.63%. I believe that support is now at around 1.1328, the low of Friday's trading, and resistance is likely to be at 1.1473, the high of Tuesday.
 
The Euro seems to have found some solid ground. I think consolidation will lead to continuation of the move North.
 

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

 

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

 

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1434 (resistance), the 10-day moving average at 1.1379 (resistance), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 
EUR/USD: The euro/dollar tried to rise up last week, making a peak at 1.1472, but closed down to 1.1334 after failing to break above the trendline resistance. Expectations are bearish for testing 1.1275, but important support remains 1.1215. It should be clearly pierced down to resuming the main bearish trend. The closest resistance is at 1.1385. A clear breakthrough over it will take the price to a neutral zone with testing at 1.1430, but a key resistance is 1.1500.
 

On yesterday session, the EURUSD initially rose but found enough selling pressure near the 10-day moving average at 1.1376 to reverse and closed near the low of the day, however, managed to close within Fridays’ 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: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1428 (resistance), the 10-day moving average at 1.1376 (resistance), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 
On Tuesday, the dollar rose almost to a maximum in two weeks against a basket of other currencies amid fears of a possible escalation of the trade conflict between the United States and China.
Investors hoped that negotiations between Trump and his Chinese counterpart at the upcoming G20 summit would lead to a truce in a trade war. EUR/USD fell below 1.1300.
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