Eur/usd - page 641

 

On yesterday session, the EURUSD initially rose but found enough selling pressure near the 50-day moving average at 1.1408 to reverse and closed near the low of the day, however, managed to close within Mondays’ range, which suggests being slightly on the bearish side of neutral.

 

The currency pair is trading above the 10-day moving average that should act as a dynamic support although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

 

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1403 (resistance), the 10-day moving average at 1.1339 (support), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 

On yesterday session, the EURUSD initially fell but found enough buying pressure near 1.1302 to trim all of its losses and managed to close near the high of the day, however, closed within Tuesdays’ range, which suggests being slightly on the bullish side of neutral.

 

The currency pair is trading above the 10-day moving average that should act as a dynamic support although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

 

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1400 (resistance), the 10-day moving average at 1.1340 (support), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 

On yesterday session, the EURUSD initially fell with a narrow range but found enough buying pressure near 1.1321 to trim all of its losses and closed in the middle of the daily range, in addition, managed to close above Wednesday’s high, which suggests a bullish momentum.

 

The currency pair is trading above the 10-day moving average that should act as a dynamic support although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

 

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1398 (resistance), the 10-day moving average at 1.1349 (support), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 

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

 

The currency pair is trading above the 10-day moving average that should act as a dynamic support although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

 

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1391 (resistance), the 10-day moving average at 1.1364 (support), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 

On yesterday session, the EURUSD initially rose with a wide range but found enough selling pressure near 1.1442 to reverse and closed near the low of the day, in addition, managed to close below Fridays’ low, which suggests a strong bearish momentum.

 

The currency pair closed shy below the 10-day moving average that should act now as a dynamic resistance although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

 

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1387 (resistance), the 10-day moving average at 1.1358 (resistance), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 

On yesterday session, the EURUSD initially rose but found enough selling pressure near the 50-day moving average at 1.1385 to reverse and closed near the low of the day, in addition, managed to close below Mondays’ low, which a strong bearish momentum.

 

The currency pair traded below the 10, 50 and the 200-day moving averages and all should provide a dynamic resistance.

 

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1380 (resistance), the 10-day moving average at 1.1353 (resistance), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 
Bullish trend expected.
 

The Euro seems to be stuck between 1.1430 & 1.1314. Range bound is ideal for grid traders, but a breakout is inevitable. Price is currently sitting just above the weekly point of control. So, buy low & sell high.

 

On yesterday session, the EURUSD rallied with a narrow range and closed near the high of the day, however, closed within Tuesdays’ range, which suggests being slightly on the bullish side of neutral.

 

The currency pair closed shy above the 10-day moving average that should act now as a dynamic support although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.

 

The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1377 (resistance), the 10-day moving average at 1.1361 (support), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).

 
The EURUSD stays between the 1.1400 level and the 1.1500 level with the 55 day EMA acting as a good resistance. The pair has formed a symmetrical triangle and the 1.1500 level could be its most important resistance. Below the 1.1300 level, the 1.1200 zone could act as support.