arigoldman
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Im waiting for the Referendum!
fxstrategist
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Eurusd
The EURUSD heads higher now and it may try to visit again the 1.1400 level, which could act as resistance. The 1.1300 may act as support.
The EURUSD heads higher now and it may try to visit again the 1.1400 level, which could act as resistance. The 1.1300 may act as support.
The euro marked a slight increase against the dollar on Friday session. The single currency remained at the levels from the beginning of the week. Short-term expectations remain in favor of the euro and break of resistance at 1.1389 is a possible scenario.
On the last Friday’s session the EURUSD rally with a narrow range and closed near the high of the day, however managed to close within the previous Thursdays range, suggesting being slightly on the bullish side of neutral.
The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances but is still trading above the 200-day moving average that is acting as a dynamic support.
The key levels to watch are: The previous swing high at 1.1415, the 50-day moving average at 1.1293 (resistance), a daily support at 1.1237 and other daily support at 1.1097.
The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances but is still trading above the 200-day moving average that is acting as a dynamic support.
The key levels to watch are: The previous swing high at 1.1415, the 50-day moving average at 1.1293 (resistance), a daily support at 1.1237 and other daily support at 1.1097.
EUR/USD tried to drop down over the past week, slipped below the lower line of the bullish channel, but turned up and closed higher at 1.1278. Today the pair opened with a gap up and hit 1.1382. Trade signals are for up to test 1.1400 - 1.1470. Intraday support is seen at 1.1285. A clear break below that area could lead price to neutral zone as direction would become unclear, but key support remains lower line of the bullish channel.
On Monday the trading in the foreign exchange market opened lower on the dollar. The price gap was 53 points. Current quote is 1.1375 against 1.1273 Friday's close. It was a reaction to new surveys about Brexit. According to BMG, the number of those wishing to stay was 53.3%, to reach the EU - 46.7%. The survey involved 1064 people from 10 to 15 June.
Today I expect rising to 1.1391, followed by return to the mark of 1.1338. Until Thursday the market in pairs with the euro and the pound will be thin. Brokers have raised their margin requirements due to the upcoming referendum in the UK. High volatility will continue until the end of the week.
Intraday outlook: minimum - 1.1308, maximum - 1.1391, closing - 1.1342.
Today I expect rising to 1.1391, followed by return to the mark of 1.1338. Until Thursday the market in pairs with the euro and the pound will be thin. Brokers have raised their margin requirements due to the upcoming referendum in the UK. High volatility will continue until the end of the week.
Intraday outlook: minimum - 1.1308, maximum - 1.1391, closing - 1.1342.
victoriajensen
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I think it's very possible to close the gap, especially considering that it bounced off the resistance at 1.1380. Next target is likely 1.1270.
Yesterday EURUSD tried to rally but found enough selling pressure to give back to the market all its gains and close in the red, near the low of the day, however managed to close above the Fridays high, which suggests a weak bullish momentum.
The pair is trading 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, the previous swing high at 1.1415 (resistance), the 50-day moving average at 1.1296 (support), the 10-day moving average at 1.1270 (support) and a daily support at 1.1237.
The pair is trading 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, the previous swing high at 1.1415 (resistance), the 50-day moving average at 1.1296 (support), the 10-day moving average at 1.1270 (support) and a daily support at 1.1237.
The single currency dropped notably against the US dollar on Tuesday. The pair failed to break the resistance at 1.1389 and short-term expectations are still in favor of the dollar. In this case the pair might test the support at 1.1176. The session started at 1.1313 and bearish sentiment prevailed in anticipation of Yellen’s testimory. The depreciation of the euro continued to the end of trade and thus closing price coincided with the lowest value for the day 1.1241.
victoriajensen
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The pair has been in a tight 40-50 pip range in the past twenty-four hours and it will likely continue until after the referendum in the UK tomorrow.
Yesterday EURUSD tumbled with a wide range thanks to ECB President Mario Draghi saying that the ECB would use all its available instruments if necessary to counter the side effects of a Brexit, pushing the pair to close near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.
The pair managed to close below the 10 and 50-day moving averages that should now act as dynamic resistances however the 200-day moving average is acting as dynamic support.
The key levels to watch are: The previous swing high at 1.1415 (resistance), the recent swing high at 1.1382 (resistance), the 50-day moving average at 1.1296 (resistance), a daily support at 1.1237 and the previous swing low at 1.1130 (support).
The pair managed to close below the 10 and 50-day moving averages that should now act as dynamic resistances however the 200-day moving average is acting as dynamic support.
The key levels to watch are: The previous swing high at 1.1415 (resistance), the recent swing high at 1.1382 (resistance), the 50-day moving average at 1.1296 (resistance), a daily support at 1.1237 and the previous swing low at 1.1130 (support).
