The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.1194, gaining 0.38%. I believe that support is now at around 1.1117, Tuesday's low, and resistance is likely at 1.1214, Monday's high.
The single currency reported a modest decline against the US dollar on Monday. The currency pair opened at 1.1197 and ended only 16 pips lower. If the euro continues the downward movement, we can expect a test of the first support at 1.1130. Otherwise, upwards, the pair will focus on the resistance at 1.1280.
After the strong rally from last week, today the EUR/USD pair is seen in bearish mood. Ahead of ISM the pair fell to 1.1360. In case of breaking below 1.3658, next bears’ target will be 1.1280.
The single currency recorded a decrease against the US dollar on Monday. The session started at 1.1417 and the euro lost 54 pips. Daytime extreme values were reached at 1.1426 and 1.1354 respectively. If the euro continues to move down, we can expect a first support test at 1.1280.
Fed didn’r surpise the markets today and initially the US dollar retreated slightly. But later on moved higher and the EUR/USD is currently trading at 1.1341.
EUR/USD was close today to the yearly high, but retreated and is going to end the week lower, slightly below the 1.14 mark. The outlook remains bearish in the short term. Only if bulls could fight the critical resistance at 1.46, the pair will gain upward strength.
The euro fell against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.1399, losing 0.21%. I believe that support is now at 1.1311, the Wednesday's low, and resistance is likely at 1.1440, the high of Friday's trading.
EUR/USD was trading almost unchanged today, hovering around 1.14 level due to the lack of major macro data. Bigger events later this week will stir the markets and the pair will find more clear direction.
EUR/USD pair has just marked a fresh new yearly high at 1.1479, mostly influenced by Trump Jr’s affairs. Short term seems to be very bullish, confirmed by technical indicators.
EUR/USD marked today a fresh new yearly high at 1.1489, but is going to close below 1.14. The downward development seems to be limited as the price is still holding above the 20-day SMA and indicators had corrected from their overbought conditions.
The EUR/USD pair is under pressure for second day. Today the pair marked daily low at 1.1370 and it seems that is not going to close far above it. Technical indicators are showing mixed signs. First support is seen at 1.1340 and is broken, steeper decline is expected.
On Thursday, the euro lost another 13 pips to the dollar. The day's start was at 1.1410, and the rate was rising steadily and was over the resistance at 1.1440, recording a peak at 1.1455. There was a strong movement for the bears and the currency pair traded for 1.1370. At the end of the day one euro was exchanged for 1.1397 dollars.
The euro / dollar did not make a substantial move yesterday. The signals are neutral for the time being, probably with light bears signals. But as a whole, I stay in the Bulls camp and every downward pressure can be seen as a good opportunity for long positions. We have an interesting fact, as you can see on the four-hour chart, where the H4 EMA 200 provides valid and strong support during the upward rally. And now it also provides us with a good place to buy localized in the 1.1285 area. The first resistance is at 1.1455, whose breakthrough can cause further rallying up for testing at 1.1500 - 1.1530 or higher. Downwards, a clear breakthrough and a daily closure below 1.1285 will disrupt the ascending views.
The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.1469, gaining 0.62%. I believe that support is now at 1.1369, Thursday's low, and resistance, probably, will be at level of 1.1491 - the maximum of Wednesday.
EUR/USD marked a 14-month high on Friday, reaching 1.1473 and closed the week at 1.1469. The pair will face next week resistances at 1.1490 and 1.1525, while supports are located at 1.14 and 1.1355.
