Eur/usd - page 599

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On the last Friday’s session, the EURUSD initially fell but found enough support at 1.2287 to trim all of its losses and closed near the high of the day, in addition managed to close above Tuesdays’ high, which suggests a strong bullish momentum.

 

The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.

 

The key levels to watch: a daily resistance at 1.2576, daily support at 1.2432, the 10-day moving average at 1.2334 (support), a daily support at 1.2287, a daily support at 1.2115 and a daily support at 1.2041.

 

On yesterday session, the EURUSD rose with a narrow ranger but closed near the high of the day, in addition managed to close above Wednesday’s high, which suggests a strong bullish momentum.

 

The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.

 

The key levels to watch: a daily resistance at 1.2754, other daily resistance at 1.2576, daily support at 1.2432, the 10-day moving average at 1.2350 (support), a daily support at 1.2287 and daily support at 1.2115.

 
The single currency recorded an increase against the US dollar on Thursday. The session started at a price of 1.2449 and it closed the day with an increase of 56 pips. The price managed to break the resistance at 1.2490 and if the pair continued its upward movement, the level at 1.2565 would likely be tested. On the downside, the pair will head for support at 1.2405.
 
The pair has lost its gains and found important support zone at 1.240/39.
 

On the last Friday’s session, the EURUSD initially tried to rise but found enough resistance near 1.2576 to erase all of its gains and push downward, closing near the low of the day, in addition managed to close below Thursday’s low, which suggests a strong bearish momentum.

 

The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.

 

The key levels to watch: a daily resistance at 1.2754, other daily resistance at 1.2576, daily support at 1.2432, the 10-day moving average at 1.2356 (support), a daily support at 1.2287 and daily support at 1.2115.

 
The single currency recorded a significant decline against the US dollar on Friday. The session started at 1.2505 and the price bounced from the first resistance at 1.2560. After all, the euro ended at 1.2405 and if the price continued to fall, the single currency would move to the first support at 1.2370.
 
Key levels to watch for:
Support: 1.2370; 1.2260; 1.2070;
Resistance: 1.2560;
 

On yesterday session, the EURUSD went back and forward without any clear direction but closed near in the middle of the daily range, in addition managed to close within Friday’s range, which suggests being clearly neutral, neither side is showing control.

 

The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.

 

The key levels to watch: a daily resistance at 1.2754, other daily resistance at 1.2576, daily support at 1.2432, the 10-day moving average at 1.2368 (support), a daily support at 1.2287 and daily support at 1.2115.

 
Euro/dollar was indecisive yesterday, but still managed to keep downside intraday signals after failure to break above 1.2537 last week. Basically, I stay in the bulls camp, but the longer the key resistance is 1.2537, it is quite likely that we will again witness a bearish correction for testing the trendline support. Signals remain down for testing at 1.2330. A clear breakthrough and daily closure below this level will clear the path to 1.2175 and the trendline of support. The nearest resistance is at 1.2435, whose breakthrough can take the price to a neutral zone with testing at 1.2475 - 1.2537.
 

On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Mondays’ low, which suggests a strong bearish momentum.

 

The currency pair closed below the 10-day moving average that should provide dynamic resistance however is trading above the 50, and 200-day moving averages that should provide dynamic support.

 

The key levels to watch: a daily resistance at 1.2754, other daily resistance at 1.2572, daily support at 1.2432, the 10-day moving average at 1.2373 (support), a daily support at 1.2287 and daily support at 1.2115.

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