Yesterday EURUSD rallied with a wide range and close near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1753, other daily resistance at 1.1556, daily support at 1.1459, the previous swing high at 1.1398 (support) and the 10-day moving average at 1.1340 (support).
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1753, other daily resistance at 1.1556, daily support at 1.1459, the previous swing high at 1.1398 (support) and the 10-day moving average at 1.1340 (support).
victoriajensen
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EUR/USD bounced off 1.1615 and is back to testing 1.1500, which is now a support level. A breakout below that level could lead to a further drop to 1.1460 - 1.1450.
fxstrategist
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Eurusd
Amazing bounce from the 1.1600 level to the downside, the 1.1500 may act as termporary support, but another breakdown could take the price to the 1.1400 zone.
Amazing bounce from the 1.1600 level to the downside, the 1.1500 may act as termporary support, but another breakdown could take the price to the 1.1400 zone.
The single currency recorded a decline against the dollar on Tuesday. After a volatile session, the euro lost 37 pips to a closing price of 1.1495. If the direction continue downwards, we can expect an attempt to test first support at 1.1450. On the upside, pair will target to resistance at 1.1630.
Yesterday EURUSD initially rose but found enough selling pressure to turn around and close in the red near the low of the day, however closed within the previous day range, that suggests being slightly on the bearish side of neutral.
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1753, other daily resistance at 1.1556, daily support at 1.1459, the previous swing high at 1.1398 (support) and the 10-day moving average at 1.1361 (support).
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1753, other daily resistance at 1.1556, daily support at 1.1459, the previous swing high at 1.1398 (support) and the 10-day moving average at 1.1361 (support).
victoriajensen
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EUR/USD has formed an almost textbook example of a shooting star candlestick below the resistance at 1.1615, it will likely start falling soon and its first target will be around 1.1400 - 1.1350.
Euro/dollar attempted to push higher yesterday, topped at 1.1616 but tumbled down then and closed lower at 1.1499. The bias is bearish for test of 1.1400. Immediate resistance is at 1.1550, whose breach could lead price to neutral zone with re-testing 1.1616. The price is still in bullish phase but potentially 1.1700 remains strong resistance and failure to break above the upper line of the bullish channel and 1.1700 could lead to downward pressure with targets near the lower limit of the channel.
fxstrategist
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Eurusd
The EURUSD stays below the 1.1500 level, but it may try to continue lower, still the 1.1400 level may act as support. The 1.1600 may keep acting as resistance.
The EURUSD stays below the 1.1500 level, but it may try to continue lower, still the 1.1400 level may act as support. The 1.1600 may keep acting as resistance.
On Wednesday session the euro marked a slight decline against the US dollar. The session started at 1.1495 and finished only 10 pips lower. The graphics continue to develop over moving averages, while the index of relative strength remains on neutral territory. In the short term outlook remains neutral as for further progress the pair must jump and stay above 1.1600.
The euro was down against the US Dollar on Wednesday. Currently EUR/USD is trading at 1.1472, shedding 0.1%. I believe that the support is now located at the level of 1.1333, Friday's low, and resistance is likely to make the level of 1.1615 - a maximum of Tuesday.
