Eur/usd - page 436

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Yesterday EURUSD fell sharply with a wide range after the FOMC minutes 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:  The 50-day moving average at 1.1333 (resistance), the 10-day moving average at 1.1339 (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 lower today after the release of the FOMC Minutes. Traders and investors boosted the US dollar, continuing the short-term bearish trend. Current market price 1.1200.
 

On Thursday, the dollar raised against other major currencies, despite the publication of disappointing US data, as renewed expectations of Fed rate in June continued to support the national currency. The EUR/USD fell 0.17% to 1.1195, the lowest level since March 29.

 
On Thursday, the dollar is stable to seven-week highs against other major currencies, as the US currency had a significant support to the renewed expectations of an increase of the base rate in the US in June. The EUR/USD is almost unchanged at 1.1217, the low of March.
 
Key levels to watch for:
Support: 1.1150; 1.1070;

Resistance: 1.1280; 1.1350; 1.1465.

 

 

 

During Wednesday session the single currency extended losses. The EUR/USD pair traded in a narrow range, dropped to intraday low at 1.1179 and ticked daily high at 1.1229. Technically the euro recorded third consecutive weak session to a closing price of 1.1201. First support is seen at  1.1150, and resistance at 1.1220.

 

Yesterday EURUSD fell with a narrow range and closed in the middle of the daily range, however managed to close below the previous day low, suggesting 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:  The 50-day moving average at 1.1333 (resistance), the 10-day moving average at 1.1319 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.

 
The single currency fell against its major competitors in the last day, the currency pair EUR / USD is down to 1.1202 or a decrease of 0.14 percent, falling for the first time under 1.12 in a month.
 
On Friday, the dollar is trading at seven-week highs against other major currencies, as the expectations of the Fed raising interest rates next month, continues to provide significant support to the US currency, while today, investors are preparing for the publication of US data on home sales in the secondary market. The EUR/USD rose 0.17% to 1.1221, but remains near a seven-week Thursday's low 1.1180.
 
On Friday, the dollar is trading at seven-week highs against other major currencies, as the expectations of the Fed raising interest rates next month, continues to provide significant support to the US currency, while today, investors are preparing for the publication of US data on home sales in the secondary market. The EUR/USD rose 0.17% to 1.1221, but remains near a seven-week Thursday's low 1.1180.
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