Eur/usd - page 531
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On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, also managed to close within previous day range, which suggests being clearly neutral neither side is showing control.
The currency pair is trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0677 (support), a daily support at 1.0622, the 50-day moving average at 1.0574 (support) and a daily support at 1.0462.
The US Dollar finally showed some vital signes. The EUR/USD pair is seen lower today and marked daily low at 1.0657. The short term mode shifted to bearish mode and technical indicators are confirming the trend as currently are located within negative territory.
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day creating a bearish belt-hold line, the currency pair also managed to close below previous day low, which suggests being clearly neutral neither side is showing control.
The currency pair is trading above the 50-day moving average should act as a dynamic supports but succeed in closing below the 10-day moving average and remains trading below the 200-day moving average that also should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0693 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0575 (support) and a daily support at 1.0462.
EUR/USD Weekly Forecast January 30-February 3
After briefly trading at fresh 7-week highs EUR/USD turned lower in the second half of the week to wipe out early week gains. The pair posted a small loss to end a 4-week winning streak and has held below an important trendline. The upcoming week contains several economic events from the United States and the monthly chart will print the first candle for 2017.
A rising trendline that connects the March 2015 low with the December 2015 low has been in play, as seen on a weekly chart. While there was a brief push above the support turned to resistance in the past week, the currency pair held lower on a weekly basis.
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EUR/USD closed the week almost unchanged. During the past five weeks the pair is gaining momentum, but the resistance at 1.0770 set EUR/USD around 1.0700 area.
On the last Friday’s session the EURUSD tried to rally but found enough resistance at 1.0703 to bounce back down and closed in the middle of the daily range, in addition the currency pair managed to close within Thursday’s range, which suggests a being clearly neutral, neither side is showing control.
The currency pair is trading above the 50-day moving average should act as a dynamic support but succeed in closing below and remains trading below the 10 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0703 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0577 (support) and a daily support at 1.0462.
The EUR/USD pair started the week with a bullish gap. The US dollar declined due to the surprising Trump’s immigration ban, though later retreated from 1.0742 to bottom at 1.0619. In the short term the pair is poised to further decline.
The EUR/USD pair jumped this morning to 1.0713 and currenty is trading at 1.0700 level. First resistance is placed at 1.0740 and next at 1.0775. Strong support is seen at 1.6580 and in case if breaking it, the pair is poised to decline further towards 1.0600 area.
On yesterday session, the EURUSD initially fell with a wide range but found enough support at 1.0622 to turn back around and managed to close near the high of the day, however currency pair close within previous Friday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 50-day moving average should act as a dynamic support but succeed in closing below and remains trading below the 10 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0710 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0580 (support) and a daily support at 1.0462.