Eur/usd - page 512

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The single currency marked an increase against the US dollar on Tuesday. The session started at 1.0612 and closed 36 pips higher. In the short-term the outlook remains neutral. A break of the range to the downside and a test of 1.0550 is more likely scenario, given the long-term downtrend. Support is seen at 1.0550 and resistance is located at 1.0815, 1.0980 and 1.1160.

 
EUR/USD is trading slightly higher in today's session. The pair is back above the 1.06 mark and it looks it is caught in a range between 1.0660 and 1.0550.
 

Yesterday the EURUSD initially fell but found enough buying pressure at 1.0563 Monday low to trim all its loses and closed near the high of the day, although the pair closed within Monday’s range, which suggests being slightly on the bullish side of neutral.

 

The currency pair continues to trade above the 10-day moving average is acting as a dynamic support but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.

 

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0599 (support) and the all-time low at 1.0462.

 
Euro / dollar attempted to push lower yesterday, bottomed at 1.0564 but closed higher at 1.0648 and hit 1.0660 earlier today. Trade signals are neutrals in the near future, perhaps with slight bullish signal to test 1.0700. A clear break and daily close above this level may lead to further upward pressure to test 1.0800 / 50. The nearest support is around 1.0620. A clear break below it can cause pressure down to test 1.0565. The fundamental outlook remains neutral.
 
Could see ranging price movement (again) on EURUSD. This pair used to be really good to trade but there are too many ranging days now with small ATR
 
Better than expected US data pushed the price of the EUR/USD below 1.06 again earlier today. The pair is now 1.0580 and it looks like bears are again taking control over the trend.
 
The euro was down against the US Dollar on Wednesday. By the close of US trading EUR / USD was trading at 1.0589, shedding 0.57%. I believe that the support is now located at the level of 1.0535, Friday's low, and resistance is likely at the level of 1.0686 - Monday's high.
 

Yesterday the EURUSD initially rose but found enough resistance at 1.0666 Fibonacci extension to reverse and closed near in the middle of the daily range, in addition the pair managed to close within yesterday range, which suggests being clearly neutral, neither side is showing control.

 

The currency pair closed shy below the 10-day moving average but is still trading below the 50 and the 200-day moving averages that are acting as dynamic resistances.

 

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), a daily support at 1.0622, the 10-day moving average at 1.060 (support) and the all-time low at 1.0462.

 
EUR/USD continues its sideways trading after yesterday's initial dive post-news. The pair reached below 1.0590 and is now back above 1.06 currently at 1.0624. Volatility is expected to remain low as we approach the NFP and Jobs data scheduled for tomorrow morning US time.
 

EURUSD is range bound since there are a lot of uncertainties going on over Euro zone political stability. Moreover Italy referendum is also lined up and a rejection for proposed constitutional reforms can unleash confidence in the euro zone economy, which definitely can take euro down from its consolidation range. Right now, investors are just being sidelined, refrained to put any major positions before the major events. the recent short term rebound is just due to value buying in Euro and profit booking in USD and indeed if NFA comes better than expected it can test its psychological level of 1.05 again as Higher fed rate hike expectations can drive dollar in further bullish territory.

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