On Tuesday the euro recorded another consecutive volatile session against the US dollar, but finally ended in favor of the US currency. If expectations for further depreciation of the euro justify the pair will test the support at $1.1239.
The single currency marked second consecutive decline against the US dollar on Wednesday. The pair tested the support at 1.1239 and if bearish sentiment continue, it will be broken. The session started at 1.1304 and the euro lost 42 pips. Next support is located at 1.1197. Resistance is seen at 1.1382 and 1.1427.
On Thursday session the euro broke the negative momentum from the last two sessions and recovered some of its losses against the US dollar. If the upward direction continue,the resistance at 1.1382 will be broken soon. Support is seen at 1.1239 and 1.1197.
After starting the week with moderate growth, the euro erased gains during yesterday's session. The single currency was trading at 1.1142 at the end of a session and dropped with 46 pips, as the intraday low was reached at 1.1131. Technically the sentiment remains negative, but it’s not excluded a test of the psychological level at 1.1105. Support is located at 1.1105 and resistance is seen at 1.1235.
During the early trading hours EUR/USD was hovering around 1.1130 level, but later on the solid ADP employment report pushed the pair higher to currently trade at 1.1163.
The single currency recovered some of the losses during yesterday's session, adding 15 pips to 1.1157 after trading within the extreme values of 1.1165 and 1.1122. For the week, however, the EUR/USD pair remains at a loss, marking third consecutive month of wavering. In August, the euro fell less than 0.2 %. Meanwhile, the outlook remains negative. The price could not overcome the psychological support level at 1.1100.
ISM manufacturing report surprised with poor numbers and pushed the single currency to highest level for the last three days and marked an intraday high at $1.12.
EUR/USD showed strongest performance for the the three weeks. The euro added around 40 pips to closing price of 1.1196. Anyway breaking 1.1235 would confirm the dominance of the bulls. Support is een at 1.1105 and resistance is located at 1.1235.
Euro/dollar rose higher yesterday, topped at 1.1262 and now struggling around the important 1.1250 level. The bias is bullish especially if price is able to make a clear break above 1.1250, re-testing 1.1350. Intraday support is 1.1200. A clear break below that area could lead price to neutral zone for testing support 1.1150/25 and will hold the phase of bears intacted.
The single currency recorded a modest decline against the US dollar on Wednesday. After a volatile session, the euro has lost only 16 pips to a closing price of 1.1238. In the short terms the outlook remains neutral as the most likely scenario is a resumption of the uptrend and test the first resistance at 1.1100.
The single currency marked and increase against the US dollar on Thursday. The session started at 1.1238 and closed 21 pips higher. The chart continue to develop above the moving averages, while RSI remained at neutral territory. In case the pair keep the upward direction, most likely the will manage to break the first resistance located at 1.1286.
EUR/USD came under strong pressure after Fed member’s remarks yesterday, who elevated the expectations for rate hike in very short-term. The pair found support and stabilezed around 1.1200 area.
Since January 2015 we have not seen EUR/USD at 1.1415 longer than a week. So if the pair succeed to push higher and keep staying above this level, it would appear to be the clearest precedent for a strong move to and through the August high at 1.1712.
The pair recorded a decrease on Friday, erased nearly 35 pips to a closing price of 1.1225. The single currency, however, managed to break the two-week losing streak, having in mind that the session opened at 1.1156. RSI wiped positions as the pair was trading within the average values. Support is located at 1.1105 and resistance is seen at 1.1280.
The single currency posted a volatile session against the dollar on Monday. But after all the opening price is near closing price, 1.1229 and 1.1233 respectively. The pair varied in a wide range as theintraday high was reached at 1.1267. If the euro justify negative expectations in the short term, the support 1.1197 will be overcome.
The euro marked slight decrease against the dollar on Tuesday. The session opened at 1.1234 with neutral trend in early trading hours. Bears prevailed in the late afternoon and the support at 1.1197 was tested after marking daily low at 1.1203. If expectations for further euro’s weakness justify, the key level will be overcome. Support is located at 1.1197 and 1.1156 and resistance is seen at 1.1284 and 1.1327.
The euro gained ground against the dollar on Wednesday. The pair tested the resistance at 1.1284, but couldn’t breakthrough. Short-term expectations remain in favor of the single currency and if they come true, the key level will be broken. Support is located at 1.1197 and 1.1156. Resistance is seen at 1.1284 and 1.1327.
