EUR/USD performed worst for March and closed at 1.0685. The pair broke the ctitical support at 1.0700 and it looks that the price will extends its slide to downwards.
With the beginning of the current week the EUR/USD pair marked a fresh 4 month high, but meanwhile since then started to drop to currently trade at 1.0680. The short term outlook remains bearish. Key support is standing at 1.0660 and in case of breaking it, further weakness is seen around 1.0620 area.
EUR/USD: The trade signals remain down to test 1.0600. On the charts we have a bullish divergence indicator CCI, suggesting bullish correction especially if price would be able to make a clear break above 1.0700 to test 1.0750 - 1.0785. But as long as price holds above 200 EMA, I prefer a bearish scenario at this phase and any upward pressure should be seen as a good opportunity for short positions.
The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY is trading at 111.40, losing 0.47%. I believe that support is now at around 110.09, Monday's low, and resistance is likely to come in at 112.20, the high of today's trading.
The euro recorded a third consecutive neutral session against the dollar on Tuesday. So the couple stayed in range by the end of last week, about the level of support at 1.0620. Short-term indicators at the moment, however, are in favor of the single currency. Trading on Tuesday was opened at a price of 1.0667, while the rate of closure was 5 pips higher. The trend varies in a very narrow range, the difference between the highest and lowest value for the day was 41 pips.
Lately the EUR/USD pair is caught in tight range but according to the technical readings on the four-hour time frame the risk remains towards downwards. The pair is experiencing difficulties to puch higher above the the 20-day SMA, which is tending to south currenlty. RSI has switched to bullish mode, but yet is below mid-lines, while stochastic is caught in the middle and is trending to lows. Whereas the pair is standing still we should consider the key support level at 1.0620, as in case of breaking it, bears would be poised to chase 1.0565.
EUR/USD was trading quite yesterday and remained flat around 1.0645. NFP data today might not bring strong impact on markets. The pair will try to test the support line at 1.0590.
The US NFP report today pushed the US dollar to donwards agains the major rivals and set the chances of an adance limited. EUR/USD remains within the well-known weekly range and finds difficulties to move above 1.0670 area.
The technical outlook for EUR/USD remains bearish. A breach of 1.0525 could lead the pair towards 1.0455 and 1.0390. Looking to the upside only break above the 100-DMA at 1.0630 might bring back bulls with aiming the psychological level at 1.0700.
The euro fell against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.0591, losing 0.50%. I believe that support is now at 1.0581, the low of Friday's trading, and the resistance is likely at 1.0690 - the maximum of the Wednesday's trading.
EUR/USD has turned to bearish mode and the uptrend for now seems to be limited. The pair has surpassed the important 50-day moving average last week and the bears are now aiming the 61.8% Fibonacci level at 1.0555. The bearish case might be compromised only above the resistance at the 38.2% Fibonacci level at 1.0685.
EUR/USD failed to stay above the 1.06 handle and has entered in consolidation phase. Same level remains strong resistance while first support is seen at 1.0568 and lower at 1.0535.
EUR/USD is flirting with 1.06 level and is offering no indications for strong direction change. Amid the uncertainty around French elections , the single currency may not push higher.
EUR/USD posted fresh high at 1.0676 this morning, but retreated later to currently trade at 1.0640. This area is vunerable for the pair, as provides chance for further slide towards the 100-day SMA at 1.0625, below which retest of 1.0600 mark is expected.
EUR/USD showed some vital signs after the release of gloomy macro data from the United States and moved higher to test 1.0630 level. Following the inicial excitement the pair is now calm and currently is trading at 1.0625. Key resistance ramains 1.0630, while fisrt support is seen at 1.0570.
The euro fell against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.0612, losing 0.04%. I believe that support is now at around 1.0568, Monday's low, and resistance is likely at 1.0679, Thursday's high.
The re-opening after Ester Holidays brought sharp rally for the EUR/USD, mostly fueled by the UK PM Theresa May announcment for general elections. The pair is currently trading at 1.0730 with technical indicators confirming the bullish trend. Strong resistance is seen at 1.0740 and in case of conquering it, next bulls’ target is seen at 1.0780.
