Eur/usd - page 608

 

On the last Friday’s session, the EURUSD dived with a wide range but found enough buying pressure to trim some of its losses and closed in the middle of the daily range, although managed to close below Thursday’s range, which suggests a bearish momentum.

 

The currency pair trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is trading above the 200-day moving average that should provide dynamic support.

 

The key levels to watch: daily resistance at 1.2432, a key level at 1.2367 (resistance), the 10-day moving average at 1.2326 (resistance), the 50-day moving average at 1.2320 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

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

 

The currency pair trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is trading above the 200-day moving average that should provide dynamic support.

 

The key levels to watch: daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2318 (resistance), the 10-day moving average at 1.2311 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

On yesterday session, the EURUSD initially fell but found enough buying pressure near 1.200 handle to trim all of its losses and closed near the high of the day, although closed within Mondays’ range, which suggests being slightly on the bullish side of neutral.

 

The currency pair trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is trading above the 200-day moving average that should provide dynamic support.

 

The key levels to watch: daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2317 (resistance), the 10-day moving average at 1.2302 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

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 trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is trading above the 200-day moving average that should provide dynamic support.

 

The key levels to watch: daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2315 (resistance), the 10-day moving average at 1.2283 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 
The euro fell against the dollar on Wednesday. The single currency continued the negative trend of last week and went back to the low levels. As a result, support at 1.2161 was broken. If the bearish mood continues, the level at 1.2130 will be tested. The session started at 1.2231 and the euro lost 72 pips to the final. The lowest day value coincided with the trade closing rate.
 
EUR/USD
Key levels to watch for:
Support: 1.2161; 1.2130;
Resistance: 1.2384; 1.2414;
 
Euro/dollar had a downward movement yesterday, forming a bottom at 1.2157. The outlook is for downwards, especially if the price has made a clear break below 1.2175 with targets in the 1.2085 area, which will put an end to major upside trend. Resistance for the day is seen at 1.2200. A clear break above this level may take the price to a neutral zone for testing 1.2250. But only a clear break above 1.2400 will cancel the scenario of the formed downward triangle and will keep the main upward trend in place.
 

On yesterday session, the EURUSD initially tried to rise but found enough selling pressure near 1.2210 to erase all of its gains and managed to close near the low of the day, in addition closed below Wednesday’s range, which suggests a strong bearish momentum.

 

The currency pair trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is trading above the 200-day moving average that should provide dynamic support.

 

The key levels to watch: daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2311 (resistance), the 10-day moving average at 1.2246 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 
While the bearish trend remains strong, Eur/Usd corrective movement might continue between 1.2050 to 1.2200. The pair facing challenges this week, watch out US PCE inflation, Fed meeting and Nonfarm Payroll.
 

On the last Friday’s session, the EURUSD initially dived with a wide range but found enough buying pressure near the 200-day moving average to erase all of its losses and managed to close near the high of the day, although closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.

 

The currency pair trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is trading above the 200-day moving average that should provide dynamic support.

 

The key levels to watch: a daily resistance at 1.2287, a swing low at 1.2200 (resistance), the 10-day moving average at 1.2198 (resistance), a key level at 1.2165 (resistance), the 200-day moving average at 1.2051 (support), a daily support at 1.2041 and 2018 low at 1.1915 (support).