Eur/usd - page 374
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On the last session day the EURUSD fell and closed in the red, near the low of the day in addition managed to close below previous day low, suggesting a strong bearish momentum is settling in.
The pair closed below 10-day moving average that was acting as a dynamic support and now should turn to a dynamic resistance.
The key levels to watch are: the 200-day moving average at 1.1064 (resistance), the 10-day moving average at 1.0924 (resistance), the 1.0900 (resistance) and 1.0819 (support).I agree with you on that, I will keep an eye on it .
First day of trading in 2016 and EUR/USD dropped today but yet I need it to close under the support level 1.0800 to open a position.
Interesting levels to watch on weekly chart:
On yesterday session the EURUSD went back and forward with a high range and closed in the red, in the middle of the daily range in addition managed to close below previous day low, suggesting a bearish momentum continues to rule.
The pair closed for the second time below 10-day moving average that is now acting as a dynamic resistance and is supported by the 50-day moving average.
The key levels to watch are: the 1.0900 (resistance), the 10-day moving average at 1.00898 (resistance), the 1.0819 (support), the 50-day moving average at 1.0800 (support) and a Fibonacci extension at 1.0703 (support).
The single currency registered quite volatile start of the week on Monday. In the early hours the bulls prevailed and thus the pair reached peak for the day at 1.0945. Subsequently, however, the dollar prevailed and ultimately crossed the finish line at 1.0830. Meanwhile, the first support at 1.0795 was pierced after the currency hit bottom for the day at 1.0781. If expectations for the continuation of the negative trend justify, EUR/USD will test key level at 1.0762.
Germany unemployment change Dec -14k vs -8k exp Latest German govt data now out
Not a lot to glean from this but a fall in unemployment always welcome.
EURUSD not impressed though and down to 1.0790 with euro weakness generally
I think it's time for shorts. TP - 1.0720.
Target - reached. I would now wait for some correction.
The drop is continuing I am only worried about the support level @ 1.0735
The EUR/USD rose up over the 1.0728 hourly support after breaking below it today, what makes me see that the next target will be 1.0700 .
The single currency recorded a new drop against the dollar on Tuesday. Euro justified the negative expectations and thus plunged against the dollar for the third consecutive session. Consequently the support at 1.0795 was overcome as the pair scored bottom for the day at 1.0710. If bearish sentiment continue in the future, currencies will test key level at 1.0690. Trading on Tuesday started at a price of 1.0829. The trend was mostly bearish and the finish line was crossed at a rate of 1.0747.