The euro fell slightly against the dollar on Thursday. So the pair stayed at the higher levels that were reached two days ago. If bulls prevail, the resistance at 1.1878 will be tested. Trading started at 1.1790 and the final was 21 pips down. The session was calm without significant price changes. The bottom of the day was hit at 1.1756.
EUR/USD is closing the week little changed and is currently hovering around 1.80 handle. After marking 5 weeks high at 1.1860, the pair calmed at the upper end of its latest range.
The single currency registered a volatile session against the US dollar on Friday. The currency pair opened at 1.1769 and ended 25 pips higher. The chart continued to grow above the moving averages, while the relative strength index remained neutral. In the short term, the outlook remains negative, and 1.1735 - the immediate target.
EUR/USD is down with 0.45% for the day with current market price 1.1715, following the increased US dollar’s demand and the headlines from Germany. The pair is en route to the 1.7000 handle.
The single currency recorded a decline against the US dollar on Monday. The session started at 1.1784 and the price managed to break twice the support at 1.1735. Eventually the currency pair ended at 1.1732 and if the downward trend continues, the euro will move to support at 1.1670.
EUR/USD moved higher today to currently trade at 1.1820 supported by FOMC minutes, confirming the rate hike in December. The short term outlook is bullish, according to indicator on the four hour time frame and next bulls target is seen at 1.1830.
The single currency recorded a significant increase against the US dollar on Wednesday. The session started at 1.1737 and the price jumped from the first support at 1.1735. Eventually the currency pair ended at 1.1821 and if the price continued to rise, the pair would head to the first resistance at 1.1875.
Bullish potential keeps growing for the EUR/USD pair. Should the pair cross the 1.1860 level (mid November’s high), then the interest will lead to 1.1890.
EUR/USD maked today a fresh two-months high at 1.1960, but retreated to currently trade at 1.1900. Despite the pullback retains its bullish stance in the short term. Bearish danger could be seen only if the pair meets the immediate support at 1.1890.
The euro recorded a volatile session against the dollar on Monday. Ultimately, trade ended in favor of the US currency. If the bullish moods prevail, the pair will test the resistance at 1.1979 soon. The new week started at 1.1924, and the trend was upwards at the beginning. After the peak of the day was hit at 1.1960, the direction changed and the final was set at 1.1897.
The single currency lost positions against the dollar on Tuesday. The euro did not meet the positive expectations and fell for the second consecutive day. Thus, the breakthrough of resistance at 1.1979 was postponed. It is expected soon that the price is adjusted in favor of the euro. The session started at 1.1897 and the final was 60 pips down. The trend was mostly of bearish character, as the bottom of the day was hit at 1.3221.
EUR/USD stepped lower, but found support at the 50% Fibo of latest Spetember to early November bearish slope at 1.1820. Currently the pair is flirting with 1.1860 level and seems that bulls do not surrender.
It was a very shaky day for EUR/USD but the pair is back at higher levels with current market price 1.1930. I think the pair will test the resistance at 1.1961.
