Eur/usd - page 634

 

On yesterday session, the EURUSD initially rallied with a narrow range but found enough selling pressure near 10-day moving average to erase all of its gains and closed near the low of the day, however, closed within Friday’s range, which suggests being slightly on the bearish side of neutral.

 

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

 

The key levels to watch: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1601 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1518 (resistance) and a daily support at 1.1459 and a 2018 low at 1.1300 (support).

 
The Euro is trying to move higher. Hopefully we'll see another leg down this week. I'm looking to open a long at 1.1400.
 

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

 

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

 

The key levels to watch: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1596 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1596 (resistance) and a daily support at 1.1459 and a 2018 low at 1.1300 (support).

 
Eur/usd is approaching critical levels, formed since the beginning of 2015. On weekly chart, if it manages to break it, it could reach 1.06.
 
On yesterday session, the EURUSD dived 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 is trading below the 10, 50 and the 200-day moving averages, all should provide a dynamic resistance.

The key levels to watch: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1589 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1483 (resistance) and a daily resistance at 1.1459 and a 2018 low at 1.1300 (support).
 
The pair moved quickly to the downside after Draghi held a press conference. The USD seems to be strengthening against all major peers.
 

On yesterday session, the EURUSD tried to rise but found enough selling pressure near 1.1432 to give back all of its gains and closed near the low of the day, in addition, managed to close below Wednesday’s low, which suggests a strong bearish momentum.

 

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

 

The key levels to watch: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1583 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1463 (resistance) and a daily resistance at 1.1459 and a 2018 low at 1.1300 (support).

 
EUR/USD: If the pair manages to break the strong 1.1400 support, the next target will be 1.1360, followed by 1.1300. On the flip side, the next resistance is 1.1495, followed by 1.1600.
 
1.13 would be a good bearish test. If withstood, we can see a push to the upside with potential target at 1.16.
 

On the last Friday’s session, the EURUSD initially fell but found enough buying pressure near 1.1335 to reverse and closed near the high of the day, however, managed to close within Thursday’s range, which suggests being slightly on the bullish side of neutral.

 

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

 

The key levels to watch: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1573 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1437 (resistance) and a daily resistance at 1.1459 and a 2018 low at 1.1300 (support).