Eur/usd - page 426
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After a third day of declines on Friday at the end currency pair recording a negative week. The euro depreciated by 65 pips during the session to 1.1221, noting extremes respectively at 1.1308 and 1.1218. The index of relative strength and moving averages suggest dominance of the bears, which puts 1.1150 as another target.
Key levels to watch for:
Support: 1.1150; 1.1070; 1.0820;
Resistance: 1.1310; 1.1465.
EUR/USD: Pair Rises Toward $1.13 on Greenback Weakness The euro was bid on Tuesday and the EUR/USD pair rose mainly due to the broad US dollar sell-off, which pushed the EUR/USD pair to daily highs around $1.13.
Looking ahead, traders will focus on today's US durable goods for March, which should improve from -3.0% to 1.9%, while the ex transport measure is expected to accelerate to 0.5% from -1.3% booked in February. These figures might cause some volatility on the greenback.
Later in the day, the US services PMI for April is projected to improve from 51.3 to 52.0, while the consumer confidence gauge should marginally decelerate in April to 96.0 from 96.2 booked in February.
In addition, S&P/Case-Shiller Home Price Indices for February will be released, but should not cause any market reaction.
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EUR/USD is up today reaching a high of 1.1319. Main trend in the short-term remains bullish with first resistance seen at 1.1338 and second resistance 1.1367. On the other hand, a decline would take the pair down to 1.1250 as first support zone.
On Wednesday session the euro managed to add nearly 30 pips against the US dollar to a closing price of 1.1295. Levels at 1.1339 (100-day moving average) tightened the further growth of the pair, while the lowest point was marked at 1.1256. Index relative strength is climbing and suggests positive attitudes. A break of yesterday's high would give a good chance for further increase.
EUR/USD is trading slightly to unchanged in today's session. Current market price is 1.1312 with a high of 1.1333. First resistance on the short-term is seen at 1.1320. If bears manage to keep price under that level then we might see a drop to 1.12 which is seen as major short-term bear target.
The euro continued to add value against the dollar for a second consecutive session on Tuesday, rising nearly 30 pips to a closing price of 1.1295. Levels of 100-period average at 1.1339 limited additional growth of the pair, while the lowest point was reached at 1.1256. The relative strength index climbed in positive territory, contributing to positive attitudes. A break of yesterday's high will allow continuing growth.
Key levels to watch for:
Support: 1.1215; 1.1150; 1.1070;
Resistance: 1.1340; 1.1465.
Yesterday EURUSD rose with a wide range and closed in the middle of the daily range, however managed to close above previous day high, suggesting 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 1.1459, the previous swing high at 1.1398 (resistance), the 10-day moving average at 1.1284 (support), a daily support at 1.1237 and the 50-day moving average at 1.1219 (Support).
After Fed statement US dollar was seen little uplifted and EUR/USD pair is trading up with 0.24%.