Today the EUR/USD is hovering around 1.1470, but couldn’t find enought strength to conquer the important 1.1490 mark. However indicators are keeping their bullish momentum, so we may witness another test of this level during next hours.
EUR/USD rallied yesterday to 1.1582, highest level since May 2016, but retreated modestly before closing. The outlook remains bullish with next target seen at 1.1615.
EUR/USD is closing the week very remarkable, above the inportant 1.16 handle. The pair is supposed to keep its upward momentum with next big target at 1.18.
The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.1664, adding 0.28%. I believe that support is now at 1.1433, Monday's low, and resistance is likely at 1.1683, the high of Friday's trading.
The single currency recorded a modest decline against the US dollar on Monday. The currency pair opened at 1.1662 and ended 21 pips lower. Graphics continued to grow above the moving averages, while the relative strength index remained neutral. Given the dominating positive attitudes in the long run, it is likely that the pair will reach a new peak.
EUR/USD skyrocketed today and is flirting with 1.17 handle. The upbeat mood remains actual in the short term. In case og breaking 1.1713 further gains are expected.
The single currency recorded a neutral session against the US dollar on Tuesday. The currency pair opened at 1.1640 and the price bounced from the first resistance at 1.1700. Eventually the pair ended at 1.1646 and if the direction of the move continues upward we can expect a new attempt to break the first resistance at 1.1700.
The EUR/USD pair is acting very shaky today. Indicators on the 4-hour chart are confirming the short term bullish trend but a slight correction is not excluded.
First support is seen at 1.1690 and next at 1.1650. Looking to the upside, resistance levels are 1.1745 and higher at 1.1790.
The single currency recorded a significant increase against the US dollar on Wednesday. The session started at 1.1646 and the price managed to break the first resistance at 1.1700. Eventually, the pair ended at 1.1732 and if the upward trend in the last few months persists, there will probably be a breakthrough in the next resistance at 1.1860.
EUR/USD couldn’t hold on the 1.17 handle and dropped today to 1.1650. Indicators are heading towards oversold area and are showing strong bearish momentum. First support is seen at 1.1620 and immediate resistance is located at 1.1775.
The single currency recorded a decline against the US dollar on Thursday. The currency pair opened at 1.1733 and finished 58 pips lower. The price managed to break the first support at 1.1700 and if the direction of the traffic went down, there would likely be a breakthrough in the next support at 1.1520.
After having marked fresh high at 1.838, the EUR/USD lost momentum and is currently trading at 1.1797. Nevertheless it’s early to assume that the pair has started deep correction, as the US dollar remains fragile amid the political jitters.
New fresh high for the EUR/USD pair was marked today at 1.1911. The upward momentum remains actual, but on Thursday we may calm down ahead of the release of services and composite PMIs in the euro zone and on the other coast we expect the US Nonfarm Payroll report. Well dips are still seen as buying opportunities.
Today the EUR/USD pair peaked very close to 1.19, but retreated few pips lower. Anyway the pair is up for third consecutive week and the price is developing around its yealy high. As there no signals for upward exhaustion, the rally might extend to the ctritical 1.12 handle.
