Eur/usd - page 366
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The single currency recorded a successful session against the dollar on Friday. The pair tested the resistance at 1.1040, but didn’t break through it. If expectations for a new bullish momentum come true, the key level will be overcome soon. Session on Friday started at 1.0939 as bullish sentiment prevailed from the beginning. Top of the day was reached at 1.1029, and session finished at 1.0988.
Germany's Merkel says Eurozone crisis is not solved yet German chancellor out on Rtrs with a few comments
"We have not yet overcome the crisis"
Lying about the entry requirements wasn't a good starting point, let's face it
Merkel speaking to her CDU party faithful in Karlsruhe, Germany
On Friday session the EURUSD rose but half of its gains back to the market and closed in the green, in the middle of the daily range also closing within previous day range, suggesting that the pair turn into a consolidation mode and maybe topped out.
The 10-day moving average is now acting as a dynamic support and will push the price up.
The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1083 (resistance), the 10-day moving average at 1.0930 (support), 1.0900 (support) and 1.0819 (support).
EUR/USD is testing last week high 1.1040, the market is ready for the interest rate decision after tomorrow, I guess it is safe to be out till then.
The euro reflected modest gains on Friday, erasing some of its losses from the previous session after currency traders continued to support the likelihood of a rise in interest rates this week.
Demand for the dollar was still strong.
On Friday, the currency pair traded between 1.0926 and 1.1030 before settling at a price of 1.0988.
The EUR/USD rose over the 1.0930 support level but rebounded from the 1.1050, and i see that the next stage will be the 1.1100.
The single currency recorded a minor increase against the dollar on Monday. The session was dynamic and as a result the resistance at 1.1040 was pierced. The pair reached tip of the day at 1.1047 and immediately afterwards, however, the price was corrected and session closed at 1.0990. If short-term expectations for the new positive momentum of the euro justify, the key levels will again be overcome.
Societe Generale expect correction of EUR/USD, but not a change of the trend. They believe that in the short term risks are aimed at restoring to $ 1.11, but there is some possibility for correction to $ 1.13.
Yesterday the EURUSD went back and forward but managed to close in the middle of the daily range, in addition closed within the previous day range, suggesting that the pair continues consolidating.
The 10-day moving average continues to support the pair and even pushing the price up.
The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1084 (resistance), the 10-day moving average at 1.0942 (support), 1.0900 (support) and 1.0819 (support).
EUR/USd rebounded back again to 1.0900 as the start of the week and tomorrow is the big day for the FED interest rate decision. I closed all my USD open positions because tomorrow the market will face a very high volatility.