Sherif Fares
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EUR/USD is still around support line 1.11560 which is a strong point for the price breaking this point will push the price further down. But still EUR/USD is moving in a narrow range.
victoriajensen
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EUR/USD is currently moving to the upside again but it is also forming a flag, so it's possible it will drop again when it reaches the resistance at 1.1240.
The single currency recorded an increase against the dollar on Tuesday after the volatile session during the day. The pair started the session at 1.1168, and in the early hours of the day recorded the highest level at 1.1228. Trading ended at a price of 1.1201 and probably the upward trend will continue due to the breakthrough at 1.1180. The index of relative strength also supports the bulls in the short term.
Yesterday the EURUSD pair rose on a wide range day and closed in the green near the high of the day, shy above the 10-day moving average. This close above the 10-day moving average and the fact that we might get a golden cross (the 50 DMA crosses above the 200 DMA) today suggests that the bears are losing control of the currency. The key levels to watch today are the same of yesterday 1.1237 (Resistance) and 1.1097 (Support) and a break above the resistance or a break down below support would set the tone for the mid-tem.
Sherif Fares
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EUR/USD is testing a strong support level 1.11560 for the third day I will wait until I have a confirmation of a break or a rebound.
victoriajensen
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There's an inverted hammer candlestick on the weekly filter chart above the support at 1.1100 so I think it might move to the upside again.
The single currency reported a moderate growth against the dollar on Wednesday, which kept the positive performance for the fourth consecutive day. The euro was trading at 1.1206 at the end of the session, which was held within the extreme values at 1.1215 and 1.1131. In the short term positive sentiment remain, but the price remains limited by the 100-period moving average at 1.1260.
Yesterday the EURUSD pair initially fell but found enough buying pressure to turn around and close in the green near the high of the day, again shy above the 10-day moving average. The currency continues in a range bound trading but we got a golden cross. The key levels to watch today are the same of yesterday 1.1237 (Resistance) and 1.1097 (Support) and a break above the resistance or a break down below support would set the tone for the mid-tem.
victoriajensen
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EUR/USD is still forming a flag and should it break above 1.1230 it might reach the resistance at 1.1270 that coincides with the (89)MA on the four-hour filter chart.
Sherif Fares
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Yeah I saw that EUR/USD failed to break the support line and rebounded again to the upside.
hhiusa
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The rise happened only to due the US markets falling a bit. I believe Apple had a hand in this. Apple stock tends to drop around this time of the year as it is when they release statements about new products. At this time last year, AAPL dropped quite a bit when they released Apple iPay.
