fxstrategist
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Eurusd
The EURUSD breaks above the 1.1300 level and it is close to getting to the 1.1400 level, which could act as a resistance.
The EURUSD breaks above the 1.1300 level and it is close to getting to the 1.1400 level, which could act as a resistance.
Yesterday the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above the previous day high, which suggests a strong bullish momentum. However we might see a minor pullback today due to the strong resistance @ 1.1347 that might bring some Bears to the market.
The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1195 (support), and a daily support at 1.1097.
The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1195 (support), and a daily support at 1.1097.
piphoe
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The euro was down against the US Dollar on Friday. By the close of trading EUR/USD was traded at 1.1324, shedding 0.26%. I believe that the support is now located at the level of 1.1152, Monday's low, and resistance is likely to be at 1.1367 - maximum Thursday.
On the last Friday’s session the EURUSD fell with a narrow range and closed near the low of the day, in addition managed to close within Thursday’s range thus creating an inside day, which suggests to be slightly on the bearish side of neutral.
The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1218 (support), and a daily support at 1.1097.
The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1218 (support), and a daily support at 1.1097.
victoriajensen
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EUR/USD bounced off 1.1270 earlier today, but considering the spinning top candlestick on the one-hour time-frame below the resistance at 1.1300 I think it will likely start moving to the downside again. A breakout below 1.1270 will lead to a further drop towards 1.1250 - 1.1240.
10pips
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Still have my order @ 11237 with upside target 11400 and 11450. I believe we still in a bullish momentum and its just taking out long stops whilst it falls to my order level....
I could do with some pips this week.....make my trading worth while...
fxstrategist
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Eurusd
The EURUSD stays above the 1.1300 level, but it may consolidate between that level and the 1.1400 as resistance.
The EURUSD stays above the 1.1300 level, but it may consolidate between that level and the 1.1400 as resistance.
Yesterday the EURUSD initially fell but found enough buying pressure to turn around and closed near the high of the day, although closed within the previous day range, which suggests being slightly on the bullish side of neutral. However the hammer pattern made yesterday suggests a bullish move today.
The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1252 (support), and a daily support at 1.1097.
The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1252 (support), and a daily support at 1.1097.
victoriajensen
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EUR/USD formed a shooting star candlestick on the four-hour time-frame below the resistance at 1.1350, so might see a new move to the downside towards 1.1300.
EUR/USD is trading lower in today's session after going steadily up for the last few days. The pair made a high of 1.1355 and then succumbed to a bottom of 1.1310. First support is seen at 1.13, while first resistance is the last high of 1.1355.
piphoe
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