Eur/usd - page 619

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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 closed below the 10 and the 50-day moving averages, both should provide a dynamic resistance, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1696 (resistance), the 50-day moving average at 1.1688 (resistance), a key level at 1.1684 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 
Euro / dollar had momentum down yesterday, making the bottom at 1.1665. The signals are bearish so far, with targets in the area of ​​1.1600. The first resistance is at 1.1700. A clear break above this level can take the price to a neutral zone with a test of 1.1750 / 65. Downwards, a clear breakthrough and daily closure below 1.1600 will clear the way down to rethink key support 1.1508 / 00.
 
The euro / dollar did not make a substantial move yesterday. Overall, the price still holds the downside, but stays in range between 1.1695 and 1.1650. Although the technical goal of the H & S formation has been reached, I still prefer the bearish scenario. And I expect a clear break below 1.1650 to resume the bearish sentiment with the nearest 1.1600 target. On the upside, a clear break back above 1.1695 should become a serious threat to the bearish scenario for testing at 1.1725 / 50. On the downside, a clear break and a daily / weekly close below 1.1600 will take the price to re-testing key support 1.1508 / 00 next week.
 
The single currency recorded a slight decline against the US dollar on Thursday. The currency pair opened at 1.1672 and ended at 1.1669. The euro remained in the range throughout the day, not finding a single direction. After breaking the support at 1.1679, we would expect the price to test the 1.1630 level.
 
EUR / USD
Key levels to watch for:
Support: 1.1679; 1.1630;
Resistance: 1.1725; 1.1790;
 

On yesterday session, the EURUSD went back and forward without any clear directions, although closed in the middle of the daily range, in addition, managed to close within Wednesday’s range, which suggests being clearly neutral.

 

The currency pair closed below the 10 and the 50-day moving averages, both should provide a dynamic resistance, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1694 (resistance), the 50-day moving average at 1.1684 (resistance), a key level at 1.1684 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 
Tough week, i'm more likely to be bearish next week, the US dollar seems strong.
 
The pair is trading almost flat around 1.1685 level, well within the range between 1.1610 to 1.1687. Break out is needed to show any directional strength. 
 

On the last Friday’s session, the EURUSD initially fell with a wide range but found enough buying pressure to trim all of its losses and manage to close near the high of the day, however, closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.

 

The currency pair is trading below the 10 and the 50-day moving averages, both should provide a dynamic resistance, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1706 (resistance), a key level at 1.1684 (resistance), the 50-day moving average at 1.1681 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

On yesterday session, the EURUSD rallied with a narrow range and closed near the high of the day, in addition, managed to close above Friday’s high, which suggests a strong bullish momentum.

 

The currency pair closed above the 10 and the 50-day moving averages, both should provide a dynamic support, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.

 

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1713 (support), a key level at 1.1684 (support), the 50-day moving average at 1.1681 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

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