EUR/USD showed strong bullish momentum yesterday and topped at 1.0745. Since the start of today’s session the pair is correcting to downwards and the current market price is 1.0712.
The euro registered a significant increase against the dollar on Wednesday, immediately after the statement of the Federal Reserve on an increase in US interest rates. As a result, the dollar collapsed, and the pair managed to break the resistance at 1.0738. If the bulls continue to dominate, the key level at 1.0774 will be tested soon. The session on Wednesday launched at a price of 1.0607 and the single currency rose by 129 pips to the finish. In the early hours trend was neutral, but in the evening direction changed sharply and the pair reached a peak for the day at 1.0739.
EUR/USD pushed higher yesterday and closed at 1.0735. The pair is keeping the bullish tone standing above the importnant 1.07 handle with current levels above Wednesday’s high.
After had marked a fresh month high at 1.0782, the EUR/USD pair retreated and closed the week at 1.0738. The sentiment remains bullish as long as the price holds above 1.0700 handle.
The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD is trading at 1.0738, losing 0.26%. I believe that support is now at around 1.0597, Tuesday's low, and resistance is likely at 1.0783, the high of Friday's trading.
EUR/USD is trading close to the one month high, which was marked last week at 1.0782. The sentiment remains bullish in the short-term, but indicators are losing momentum.
EUR/USD made impressive rally and hit a fresh monthly high at 1.0820. There was a slight retreat in the afternoon, but the pair keeps bullish stance, which is confirmed by the technical indicatiors.
The euro advanced against dollar. During yesterday's session the single currency gain 70 pips. The dollar is again very hesitant and during the day the pair was completely dominated on bullish sentiment. After opening rate of 1.0736, bottom for the day was recorded during the next hour and reached 1.0719 level. This ended the forces of bears and there was clearly seen the upward bullish trend. The pair recorded its peak level of 1.0818, and a few hours later session ended with exchange rate of 1.0806 dollars per euro. Shortly before lunch ended up the first break of support level 1.0800 was breached.
Euro/dollar made a move upwards yesterday to peak at 1.0819. The bias remains bullish in nearest term for testing the region 1.0830 - 1.0873, which is a good place for a short position with tight stop loss. Immediate support is seen at 1.0760. A clear break below that area could lead price to neutral trading zone for testing 1.0700. On the upside, a clear break and daily close above 1.0873 will open the door up to 1.0950 - 1.1000.
EUR/USD was seen today hovering around 1.08 handle, but couldn’t move higher than 1.0825. The H1 chart is showing bearish indicators, while on the H4 chart they are keeping the bullish bias. This is to confirm that the pair is entering in corrective mode.
The euro gave a breather to dollar. During the last day the dollar was down 14 pips from the asset of the single currency. The dollar was very hesitant and after numerous punctures of the support level at 1.0800, it managed to close the session at exchange rate of 1.0792 dollars per euro. The opening rate for the day was 1.0806. Shortly before lunch, bears took their bottom level of 1.0792. The answer to the Bulls was not too late and they recorded a high of 1.0824.
EUR/USD retreated from the highs marked this week to currently trade at 1.0780. First support is located at 1.0768 and next at 1.0717. Resistance is seen at 1.0825 and in case if breaking it, the pair might go higher towards 1.0870.
The EUR/USD pair closed higher for a fourth consecutive week, slightly lower but very close to the yearly high of 1.0828 marked in February. On the daily chart RSI and stochastic are printing higher highs and lower lows and both indicators are located withing the overbought region, but keep heading north. The 20-day and 100-day SMA has crosse and currently are showing bullish slope. Strong support is seen at 1.0700 and until holding above it, the game will be played by bulls’ team.
EUR/USD is keeping the bullish stance today. Technical readings on the four-hour frame are showing slight corrective mode. Should the pair conquer 1.0890, the rally might be extended towards 1.0930.
EUR/USD met huge selling pressure and today is trading lowest for the week. Short term outlook remains bearish with critical support at 1.0735. In case of breaking it, further downslope might lead the towards teh stronger one at 1.0700.
The single currency recorded negative session against the US dollar on Wednesday. The pair lost 46 pips at a closing price of 1.0765. Daily extreme values were reached respectively at 1.0826 and 1.0739. If downward direction continues the pair will move towards support at 1.0550.
