Eur/usd - page 610

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Eur/Usd is sideway trading after broke below 1.20 support, and found new support zone around 1.9000/1.9010. The pair is still under a lot of pressure, it might continue further on the downside after the consolidation.
 

On the last Friday’s session, the EURUSD initially fell with a wide range but found enough buying pressure near 2018 low to trim some of its losses and managed to close in the middle of the daily range, although closed within Thursday’s range, which suggests being clearly neutral, neither side is showing control.


The currency pair trading below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: a daily resistance at 1.2287, a swing low at 1.2200 (resistance), a key level at 1.2165 (resistance), the 200-day moving average at 1.2050 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.2022 (resistance), and 2018 low at 1.1915 (support).

 

EUR/USD will test 1.18843 this week and then head back up to begin a few days of ranging in the 1.19995 - 1.20316 range. If 1.18843 is breached EUR/USD will fall to the 1.17068 range.


Happy Trading!

 

On yesterday session, the EURUSD tried to rise but quickly found enough selling pressure to turn south and closed near the low of the day, although managed to close within Friday’s range, which suggests being slightly on the bearish side of neutral.

 

The currency pair trading below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: a key level at 1.2165 (resistance), the 200-day moving average at 1.2050 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.2000 (resistance), 2018 low at 1.1915 (support), a daily support at 1.1829.

 

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

 

The currency pair trading below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: a key level at 1.2165 (resistance), the 200-day moving average at 1.2049 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1968 (resistance), 2018 low at 1.1915 (support), a daily support at 1.1829 and other daily support at 1.1753.

 
The euro/dollar dropped to a new low for 2018 at 1.1837 yesterday. The price is under the support line of the downward channel, which implies a further drop down. Short-term expectations remain bearish to test support 1.1750 (weekly EMA 200). Resistance for the day is 1.1895. A clear break above this level could take the price to a neutral trading area with testing 1.1935/50, but I stay in bears' camp so far and any upward pressure should be considered a good opportunity for short positions.
 

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

 

The currency pair trading below the 10, the 50 and the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: a key level at 1.2165 (resistance), the 200-day moving average at 1.2049 (resistance), a daily resistance at 1.2041, the 10-day moving average at 1.1942 (resistance), January low at 1.1915 (resistance), a daily support at 1.1829 and other daily support at 1.1753.

 
The single currency continued to decline against the US dollar on Wednesday. The currency pair opened at 1.1864 and ended at 1.1850. The single currency in the early hours reached the support level at 1.1825, after which the price recovered positions and reached a peak of 1.1896. If the euro turns the resistance break at 1.1911, we can expect a 1.2055 test.
 
EUR/USD
Key levels to watch for:
Support: 1.1875; 1.1825;
Resistance: 1.1911; 1.2055;
 
The euro/dollar was indecisive yesterday. The signals are neutral for now. The price is in a range of 75 pips between 1.1895 and 1.820, suggesting a consolidation phase. A clear break above 1.1895 could lead to future test bulls testing at 1.1935/50, but I stay in the bear camp at this stage and any upward pressure should be seen as a good sales opportunity. On the downside, a clear break below 1.1820 will clear the way to 1.1750.
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