EUR/USD jumped to a six month high at 1.0987 last nigh and currently the price is hovering around 1.0975. Bulls are facing now immediate resistance at the 1.1000 psychological level.
The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.0998, gaining 0.13%. I believe that support is now at around 1,0873, Thursday's low, and resistance is likely at 1.0999, the high of Friday's trading.
On Friday, the euro rose against the dollar to a maximum in six months amid optimism about the results of the French president's election. At the same time, the markets practically did not take into account the sharp rise in jobs in the US last month.
At the close of trading on Friday, the pair EUR / USD was trading at position 1.0998, the highest since early November 2016. Shell we see a sharp crack of 1.10?
Today the EUR/USD pair is extending its decline and moved below the 1.0900 level. The current market price is 1.0876, very close to last week’s low. The bearish tone is ongoing with next target seen at 1.0850.
The EUR/USD bounced slightly from the weekly low, but after Mario Draghi’s speach turned bearish again. The current market price is 1.0865 and interemediate support is seen at 1.0850. In case of breaking it, the pair could extend the downwards slope towards 1.0820.
EUR/USD is falling back towards 1.0860 level with the European session underway. The indicators on the 4-hour chart are in the negative territory and suggest further downward pressure.
The EUR/USD moved higher today and posted 3-day high at 1.0933 right after the release of the US economic data. A possible daily close below the 20-da SMA, currently standing at 1.0870, will hurt bulls’ strength.
The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.0932, gaining 0.64%. I believe that support is now at around 1.0838, Thursday's low, and resistance is likely to come in at 1.1024, Monday's high.
Today the EUR/USD pair was challenged by the key level at 1.1000, but couldn’t conquer it. However technical indicators on the 4-hour time frame are keeping bullish stance and in the short-term we may expect euro bulls to push higher.
Today the EUR/USD marked highest level since November 9 at 1.1095, supported by the good numbers from the macro data from the euro zone and the weak one from USA. Seems that bulls are determined to conquer the psychological level at 1.1100 and next target is seen at 1.1140.
This Wednesday caused risk aversion all over the financial space having in mind that US assets were set under huge pressure amid Trump’s latest scandals. Following this the EUR/USD pair marked fresh new high at 1.1150. It seems that now euro bulls dominate the trend.
Euro / dollar continued its upward movement yesterday with a peak of 1.1162, and earlier today hit 1.1171. Expectations remain up for testing at 1.1185 in short terms. A clear break above this level may cause a test of 1.1300 - 1.1350. Intraday support is visible at 1.1120. A clear break below this level could take the price to a neutral zone, but only a clear break back below 1.1020 should break the current strong upward spikes. I'm staying in the bulls camp for now.
The euro registered a new successful session against the dollar on Wednesday. The single currency rose for the fourth consecutive day and thus did not meet the expectations of a price correction. As a result, the resistance at 1.1138 was overcomed. If the bulls continue to dominate, the pair will test the level at 1.1206. Wednesday's trading started at 1.1081, and the euro gained 77 pips to the final. The peak of the day was 1.1161.
The recent political development in US strengthened the greenback and the EUR/USD pair dropped today and the current market price is 1.1110. Moreover US bulls migth gather additional power with the latest hawkish comments from Cleveland Fed President Mester.
The EUR/USD pair marked fresh new yearly high today but still is below 1.1200. Tehcnical indicators support the euro bulls in the short-term so this level might be conquered soon and next target is seen at 1.1210.
The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1,1206, gaining 0.93%. I believe that support is now at around 1.0920, Monday's low, and resistance is likely at 1.1212, the high of Friday's trading.
The EUR/USD pair marked today new fresh yearly high at 1.1262, but pulled back and the current market price is 1.1230. Indicators suggest bullish trend to continue, but some exhaustion is seen.
