Eur/usd - page 642

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EURUSD tried to make a move in both directions and remains undecided sitting at the monthly Point of Control. The wedge is getting tighter and price is getting squeezed into a smaller range. A break of 1.1393 will warrant a test of 1.1430. On the downside 1.1316 is the target.
 
Today we see 1.13300 levels 2 hours later. Watch..
 

On yesterday session, the EURUSD went back and forward without any clear direction consequently 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 shy below the 10-day moving average that should act now 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 1.1373 (resistance), the 10-day moving average at 1.1354 (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).

 
The Euro is in a down trend and is expected not only to test the year low but to set a new one this week. So with that in mind, any bounces should be seen as sell opportunities.
 

On the last Friday’s session, the EURUSD fell with a wide range breaking below the symmetrical triangle although found enough buying pressure near 1.1269 to trim some of its losses, consequently closed in the middle of the daily range, in addition, managed to close below Thursday low, which suggests a strong bearish momentum.

 

The currency pair traded below the 10, 50 and the 200-day moving averages and 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 1.1367 (resistance), the 10-day moving average at 1.1350 (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).

 
The Euro is looking bullish for now. The target is the 1.1413/1.1426 level which is where the descending trendline sits. On the down side 1.1320 will drive price lower towards yesterdays low of 1.1270
 

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

 

The currency pair traded below the 10, 50 and the 200-day moving averages and 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 1.1364 (resistance), the 10-day moving average at 1.1353 (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).

 
The Euro may dip during the UK/EURO session but buyers are lined up @ the 1.1351 & 1.1336 level.  Bulls have their 1st target set to 1.1427
 

On yesterday session, the EURUSD initially rose but found enough selling pressure near the 1.1402 to trim some of its gains and closed in the middle of the daily range, however, managed to close above Mondays’ range, which suggests a bullish momentum.

 

The currency pair closed shy above the 10 and 50-day moving averages that should act now as a dynamic supports although is still trading below the 200-day moving average that 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 1.1363 (support), the 10-day moving average at 1.1352 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).

 
The Euro is stuck in  a range between 1.1265 &  
1.1450. So buy low & sell high
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