Sherif Fares
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EUR/USD is trading inside of yesterday range and tomorrow is the big day for the interest rate.
victoriajensen
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While EUR/USD formed a hammer candlestick on the four-hour filter chart above the support at 1.1220 and moved to the upside again, I doubt we will see any major movement before the fundamentals tomorrow. I think the pair will likely continue to consolidate.
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Yesterday the currency went back and forward with a wide range day but managed to close in the green near the open of the day, above the 10-day moving average.
Today is the big day, where the FOMC meeting ends and the Fed releases its interest rate decision at 18:00 (CET) and gives its monetary policy statement and press conference at 18:30 (CET). These events are a game changer and will let us know themed to long term direction of the market.
The key levels to watch today are the same of yesterday 1.1495 (Resistance) and 1.1237 (Support).
Today is the big day, where the FOMC meeting ends and the Fed releases its interest rate decision at 18:00 (CET) and gives its monetary policy statement and press conference at 18:30 (CET). These events are a game changer and will let us know themed to long term direction of the market.
The key levels to watch today are the same of yesterday 1.1495 (Resistance) and 1.1237 (Support).
The euro recorded a minimal increase against the dollar. The negative sequence of the single currency was interrupted, but the pair remained at the lower levels. If short-term expectations justify the correction of the price will continue, bullish sentiment will become more intense and currencies will make a test of resistance at 1.1430. Wednesday session was relatively calm, and the pair ranged in a narrow range. The session started at a rate of 1.1267 and ended 22 pips higher. Peak of the day was reached at 1.1319.
Sherif Fares
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Just a few minutes and the interest rate will be announced.
victoriajensen
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Fed didn't change the interest rate and EUR/USD moved to the upside again. The pair will likely reach the resistance at 1.1500 soon, and if it breaks above that level it will probably continue towards the previous high at 1.1713.
Yesterday the currency rallied with a wide range day after the Fed left the rates unchanged and closed in the green near the high of the day, well above the 10-day moving average.
Today the pair may consolidate as we go in to the weekend as the market digests Yesterdays FOMC meeting.
The key levels to watch today are 1.1495 (Resistance), 1.1556 (Resistance) and 1.1237 (Support), 1.1373 (Support).
Today the pair may consolidate as we go in to the weekend as the market digests Yesterdays FOMC meeting.
The key levels to watch today are 1.1495 (Resistance), 1.1556 (Resistance) and 1.1237 (Support), 1.1373 (Support).
On Thursday session EUR recovered positions against USD. The single currency justified the positive expectations and rose, thanks to the dynamic economic environment in the US. So negative series was interrupted and EUR is looking forward for the continuation of the bullish trend until reaching the resistance at 1.1430. The session started at 1.1287 and by the end of the session EUR gained 146 pips. A powerful upward movement was registered at the end of trade and the peak for the day was hit at 1.1440.
victoriajensen
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EUR/USD failed to break above 1.1460 this week and bounced off that resistance, but I still think there's a possibility to reach 1.1500 next week.
Sherif Fares
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EUR/USD dropped back to the open price of yesterday the market is stabilizing .
On Friday session the euro registered a significant decline against the dollar. Thus the profits that the single currency gained last session were completely lost and the pair returned to the previous four-day range. If expectations for a further positive move come true, the resistance at 1.1480 will be broken. The session started at a price of 1.1432, as at the beginning prevailed bullish trend. Subsequently, the direction changed and the currency hit bottom at 1.1269. The session ended with 16 pips higher.
On Friday session the EURUSD pair plunged and closed in the red near the low of the day with a wide range but managed to close above the 10-day moving average. The currency is in a well-established bullish phase and is ranging between are 1.1495 (Resistance) and 1.1237 (Support).
