Eur/usd - page 450

New comment
 

The euro marked a slight increase against the dollar on Friday session. The single currency remained at the levels from the beginning of the week. Short-term expectations remain in favor of the euro and break of resistance at 1.1389 is a possible scenario. 

 

On the last Friday’s session the EURUSD rally with a narrow range and closed near the high of the day, however managed to close within the previous Thursdays range, suggesting being slightly on the bullish side of neutral.

 

The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances but is still trading above the 200-day moving average that is acting as a dynamic support.

 

The key levels to watch are: The previous swing high at 1.1415, the 50-day moving average at 1.1293 (resistance), a daily support at 1.1237 and other daily support at 1.1097.

 
EUR/USD tried to drop down over the past week, slipped below the lower line of the bullish channel, but turned up and closed higher at 1.1278. Today the pair opened with a gap up and hit 1.1382. Trade signals are for up to test 1.1400 - 1.1470. Intraday support is seen at 1.1285. A clear break below that area could lead price to neutral zone as direction would become unclear, but key support remains lower line of the bullish channel.
 
Key levels to watch for today:
Support: 1.1176; 1.1134; 
Resistance: 1.1389; 1.1443.

 


 
On Monday the US dollar is falling against the euro. The euro against the dollar rose to $ 1.1366 from $ 1.1277 at the end of the previous session, rising by 0.8% against the euro.
 
On Monday the trading in the foreign exchange market opened lower on the dollar. The price gap was 53 points. Current quote is 1.1375 against 1.1273 Friday's close. It was a reaction to new surveys about Brexit. According to BMG, the number of those wishing to stay was 53.3%, to reach the EU - 46.7%. The survey involved 1064 people from 10 to 15 June.
Today I expect rising to 1.1391, followed by return to the mark of 1.1338. Until Thursday the market in pairs with the euro and the pound will be thin. Brokers have raised their margin requirements due to the upcoming referendum in the UK. High volatility will continue until the end of the week.
Intraday outlook: minimum - 1.1308, maximum - 1.1391, closing - 1.1342.
 
EUR/USD traded unsteadily today as we are already in the decision week when on Thursday it will be clear whether the UK leaves the EU or not. Whatever happens, volatility will rise.
 

EUR/USD experienced a slightly higher volitile session on Monday . Although bairs prevailed, the pair started the week at significantly higher levels than last. The pair made a test of the resistance at 1.1389, after marking intraday high at 1.1381.

 

Yesterday EURUSD tried to rally  but found enough selling pressure to give back to the market all its gains and close in the red, near the low of the day, however managed to close above the Fridays high, which suggests a weak bullish momentum.

 

The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.

 

The key levels to watch are: a daily resistance at 1.1460, the previous swing high at 1.1415 (resistance), the 50-day moving average at 1.1296 (support), the 10-day moving average at 1.1270 (support) and a daily support at 1.1237.
 

Deadly Draghi drops the euro

One comment sunk EURUSD down to 1.1263

"Further stimulus is in the pipeline" said the ECB head man, and the euro duly obliged by dropping a quick 30 pips.

Of course, no one is really expecting any further action but the comment has caught some off guard.

1...443444445446447448449450451452453454455456457...645
New comment