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On the last Friday’s session the EURUSD initially fell but found enough buying pressure around the 10-day moving average to reverse and managed to close near the high of the day, although the currency pair closed within Thursday’s range, which suggests a being on the bullish side of neutral.
The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0738 (support), a daily support at 1.0622, the 50-day moving average at 1.0590 (support) and a daily support at 1.0462.
On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure at 10-day moving average to trim some of its losses although closed in the red, in the middle of the daily range, in addition the currency pair managed to close within Fridays range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0743 (support), a daily support at 1.0622, the 50-day moving average at 1.0591 (support) and a daily support at 1.0462.
The EUR/USD pair contiues to trade lower and marked today daily low at 1.0655. Later the pair bouned and the current market price is 1.0686. In the hourtly chart technical indicators have recovered from the oversold area and are showing strong bullish momentum. The risk for downward slide is still in tact, as long as the pair stays below the key resistance at 1.0700.
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition the currency pair managed to close below Monday’s range, which suggests a strong bearish momentum.
The currency pair is trading above the 50-day moving average that should act as dynamic support although the EURUSD closed below the 10 –day moving average and remains trading below the 200-day moving average both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0743 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0593 (support) and a daily support at 1.0462.
The upward potential is now limited by the 1.0720 region, where the 20-day SMA crossed to below the 100-day SMA. The current market price is 1.0688 and if failing to hold around this area, the pair is poised to reinforce the downard slope towards 1.0650 and even lower towards the key support at 1.0590.
As US dollar is seen weakened today due to the increased selling interest, the EUR/USD pair bounced off yesterday’s lows and the current market price is 1.0698. The pair is most likely to retest the key resistance at 1.0700.
On yesterday session, the EURUSD went back and forward without any clear direction although manages to close in the green, near the high of the day, in addition the currency pair closed within Wednesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0742 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0595 (support) and a daily support at 1.0462.