Eur/usd - page 541
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The EUR/USD pair closed higher for a fourth consecutive week, slightly lower but very close to the yearly high of 1.0828 marked in February. On the daily chart RSI and stochastic are printing higher highs and lower lows and both indicators are located withing the overbought region, but keep heading north. The 20-day and 100-day SMA has crosse and currently are showing bullish slope. Strong support is seen at 1.0700 and until holding above it, the game will be played by bulls’ team.
On the last Friday’s session the EURUSD went back and forward without any clear direction but closed in the green, in the middle of the daily range, in addition the currency pair managed to close within Thursday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0846 (resistance), daily resistance at 1.0819, the 10-day moving average at 1.0751 (support), daily support at 1.0713 and the 50-day moving average at 1.0660 (support).
Trumpcare resulted in new yearly highs for EUR/USD and the pair moved above 1.0860 level. Next bulls target is seen at 1.0880.
On yesterday session, the EURUSD tried to rally but found enough resistance at 1.0900 to trim some of its gains and closed in the middle of the daily range, however managed to close above Fridays’ high, which suggests being a bullish momentum.
The currency pair is trading above the 10, the 50 and the 200-day moving averages that should provide dynamic support.
The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0842 (support), daily resistance at 1.0819, the 10-day moving average at 1.0786 (support), daily support at 1.0713.
EUR/USD is keeping the bullish stance today. Technical readings on the four-hour frame are showing slight corrective mode. Should the pair conquer 1.0890, the rally might be extended towards 1.0930.
On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition managed to close below Monday’s low, which suggests a strong bearish momentum.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support and closed back down the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0841 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0790 (support), a daily support at 1.0713.
EUR/USD met huge selling pressure and today is trading lowest for the week. Short term outlook remains bearish with critical support at 1.0735. In case of breaking it, further downslope might lead the towards teh stronger one at 1.0700.
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Tuesdays’ low, which suggests a strong bearish momentum.
The currency pair is trading above the 50-day moving average that should provide dynamic support and is trading below the 10 and 200-day moving average that should act as dynamic resistance.
The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0839 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0793 (resistance), a daily support at 1.0713, the 50-day moving average at 1.0670 (support).