On Wednesday session the single currency ticked a slight increase against the US dollar. The session started at 1.1139 and finished only 15 pips higher. The pair was trading within the range 1.1128 and 1.1166. Until euro bears steer the direction from the beginning of the month, we might witness test of the support located at 1.1100.
Yesterday EURUSD went back and forward with a narrow range but closed in the green, in the middle of the daily range and also closed within the previous day range, suggesting being clearly neutral with lack of momentum.
The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.
The key levels to watch are: The 50-day moving average at 1.1334 (resistance), the 10-day moving average at 1.1229 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.
The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.
The key levels to watch are: The 50-day moving average at 1.1334 (resistance), the 10-day moving average at 1.1229 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.
victoriajensen
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Today's retracement to 1.1216, which is (MA)89 on the daily time-frame, was only temporary, it seems. The pair is moving to the downside again and it will likely soon test the support at 1.1130.
Yesterday EURUSD rose with a wide range and closed in near the high of the day in addition managed to close above the previous day high, suggesting a strong bullish momentum. The question now is: does it have the strength to close above the 10-day moving average?
The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.
The key levels to watch are: The 50-day moving average at 1.1332 (resistance), the 10-day moving average at 1.1218 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.
The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.
The key levels to watch are: The 50-day moving average at 1.1332 (resistance), the 10-day moving average at 1.1218 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.
EUR/USD is trading relatively unchanged from yesterday's level around 1.12. Price is now 1.1180 and it seems traders and investors are keeping low volume in anticipation of the latest US GDP data in less than fours hours and then two hours later we have a speech from the FED Chair Janet Yellen.
victoriajensen
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EUR/USD is moving to the downside again but Janet Yellen's speech a little later today might change that. I'll wait and see the effect of it before I open any positions.
piphoe
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the problem with trading the EURO as i see it is...your 5 pis underwater as soon as you take the trade...
commiss + slippage = 5 pips underwater
now, might have to wait 3 days for the idiots to move it off the dime!
no way of gauging the PA, because the bitch almost never moves????
that goes for most other currency pairs
personally, i'm not waiting 3 days
commiss + slippage = 5 pips underwater
now, might have to wait 3 days for the idiots to move it off the dime!
no way of gauging the PA, because the bitch almost never moves????
that goes for most other currency pairs
personally, i'm not waiting 3 days
On Friday session the euro marked a negative session against the US dollar, pressured by Yellen’s speech. The euro lost 80 pips and the bottom for the day was struck shortly before the end of the session at 1.1110. EUR/USD started the week with relatively shaky trading and hovering around 1.11. As no major macro news is expected today, the pair will be seen in a tight range.
On the last Friday’s session Janet Yellen opened the door to an interest hike in the upcoming months pushing the EURUSD into a dive with a wide range and closed near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.
The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.
The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1198 (resistance), a swing low at 1.1141 (resistance), a daily support at 1.1097 and the 200-day moving average at 1.1072 (Support).
The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.
The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1198 (resistance), a swing low at 1.1141 (resistance), a daily support at 1.1097 and the 200-day moving average at 1.1072 (Support).
The EUR/USD fell below 1.11 in the early trading hours today and was quick to recover currently trading at 1.1137 close to the high of the day at 1.1143. After Yellen's stamenets that the FED is going to raise the interest rates gradually, market participants favored the US dollar causing a sell off in the pair.
arigoldman
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I agree. Let's wait and see what happens.
victoriajensen
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EUR/USD bounced off the support at 1.1100 but that is likely just a temporary setback, especially considering the shooting star and doji candlesticks on the one-hour time-frame. The pair will likely test the aforementioned support again soon.
fxstrategist
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Eurusd
The EURUSD stalls at the 1.1100 level and bounces to the upside, but the bearish trend is still in place. After the pullback, the pair may go back down.
The EURUSD stalls at the 1.1100 level and bounces to the upside, but the bearish trend is still in place. After the pullback, the pair may go back down.
The euro marked a slight increase against the dollar on Monday. Although the bulls prevailed, the single currency failed to recover the lost ground from the end of last week. However, short-term expectations are in favor of the euro. In this case the pair may try yo test the resistance at 1.1226. Support is seen at 1.1069 and 1.0998, and resistance at 1.226 and 1.1291.
