Eur/usd - page 587
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Key levels to watch for:
Support: 1.1540; 1.1478;
Resistance: 1.1782; 1.1833;
EUR/USD is stable around 1.80 handle today, but strong resistance comes at 1.1820 – 1.1830, where the pair failed to surpass multiple times in the past.
Looking to the downside the pair is still vulerable aorund 1.1720.
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition the currency pair managed to close above Monday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.2041, a Key level at 1.1880 (resistance), a daily resistance at 1.1829 (resistance), the 50-day moving average at 1.1750 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
EUR/USD is rallying and is roughly 300 pips above lats week’s low. Short term it seems the bullish run is not over.
On yesterday session, the EURUSD tried to rally but found enough selling pressure to erase all of its initial gains and closed near the low of the day, however the currency pair managed to close within Tuesday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.2041, a Key level at 1.1880 (resistance), a daily resistance at 1.1829 (resistance), the 50-day moving average at 1.1745 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
EUR/USD corrected lower today. All eyes on US tax reform vote tomorrow.
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition the currency pair managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: daily resistance 1.2041, a Key level at 1.1880 (resistance), a daily resistance at 1.1829 (resistance), a daily support at 1.1753, the 50-day moving average at 1.1743 (support) and a key level at 1.1684 (support).
The euro fell slightly against the dollar on Thursday. So the pair stayed at the higher levels that were reached two days ago. If bulls prevail, the resistance at 1.1878 will be tested. Trading started at 1.1790 and the final was 21 pips down. The session was calm without significant price changes. The bottom of the day was hit at 1.1756.
EUR/USD is closing the week little changed and is currently hovering around 1.80 handle. After marking 5 weeks high at 1.1860, the pair calmed at the upper end of its latest range.