victoriajensen
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EUR/USD is still testing the support at 1.1230 and so far there's no indication it will break below that level. The pair will likely bounce off of it soon.
The single currency recorded a second loss against the US dollar on Monday. The pair opened at a price of 1.1269 and after a volatile session, the euro lost 30 pips. The pair remains at risk of further decline, as next target are appearing levels at 1.1100. A breakthrough of 1.1286 might change the direction.
Yesterday EURUSD fell again but this time with a narrow range and closed near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.
However the pair continues to trade above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
Today we may see a bounce off the 10-day moving average at 1.1201 after the two day correction that started on last Friday.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1201 (support) and a daily support at 1.1097.
However the pair continues to trade above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
Today we may see a bounce off the 10-day moving average at 1.1201 after the two day correction that started on last Friday.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1201 (support) and a daily support at 1.1097.
The EUR/USD reached 1.1188 due to the blasts at Brussels airport and metro. The euro is still feeling the impact of the event as Europe is trying to stand strong and continue normal everyday life. My prayers and support is with the people of Belgium.
arigoldman
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EUR/USD is impacted by the blasts, be vigilant!
The dollar continues its positive performance since the end of last week. Despite the statements of three presidents of the Fed, in April and June is still possible interest rates rise, the market did not react strongly. The US currency found good support and managed to advance against the euro. The single currency was trading at levels of 1.1230, which was a decrease of 0.28%.
EUR / USD was indecisive yesterday. The outlook remains neutral in nearest term but we have potential false breakout scenario as seen on hourly chart, especially if price able to make a clear break and daily close below 1.1200, re-testing 1.1065.
victoriajensen
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EUR/USD broke below 1.1230 today. A breakout below 1.1200 could lead to a further drop to at least 1.1140.
piphoe
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Would love that just got short 10 mins ago :clap:
Yesterday EURUSD fell again but this time with a wide range and closed in the middle of the daily range, however managed to close below the previous day low, suggesting a bearish momentum.
The pair still managed to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
A close below the 10-day moving average may suggest a deep correction down to 1.1097.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1205 (support) and a daily support at 1.1097.
The pair still managed to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
A close below the 10-day moving average may suggest a deep correction down to 1.1097.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1205 (support) and a daily support at 1.1097.
victoriajensen
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EUR/USD is likely falling towards 1.1140. A breakout below that level will probably lead to a further move to the downside towards 1.1080.
The single currency registered a decrease against the dollar on Wednesday. The pair opened at 1.1214 and after a steady downtrend lost 35 pips. If the bearish trend continues, the pair will head to the support at 1.1100 in an attempt to break through.
Yesterday EURUSD fell again but this time with a narrow range and closed in the middle of the daily range, however managed to close below the previous day low, suggesting a bearish momentum.
The pair closed below the 10-day moving average that now should act as a dynamic resistance, however is still above the 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The previous swing high at 1.1342 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1205 (resistance), a daily support at 1.1097, and the 50 day moving average at 1.1086.
The pair closed below the 10-day moving average that now should act as a dynamic resistance, however is still above the 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The previous swing high at 1.1342 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1205 (resistance), a daily support at 1.1097, and the 50 day moving average at 1.1086.
The EUR/USD is trading at support around the level of 1.1160. This is best seen on the daily chart. Price will either try to bounce off this level or break it and reach 1.1100. This week no major news are expected so we could see calm markets today and tomorrow.
victoriajensen
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I agree, we will probably have to wait until next week for any major changes.
