The EUR/USD is trading around 1.1250 this morning. In case of breaking 1.1284, next bulls target is seen at 1.1366 and higher at 1.1400 level. On the other side, a break below 1.1200 will open doors for testting March’s high at 1.0906.
The dollar registered a successful session against the euro this Tuesday. The day was opened at 1.1236, and the last price for the day was 54 pips lower or one euro was trading for 1.1182 dollars. During the day, several breakthroughs of the first resistance occurred, but the bulls were only sufficient to mark a peak at 1.1267. There was a drop in the course and shortly before the end of the day, the bears recorded their bottom at 1.1174
Euro / dollar had a moderate upward movement yesterday, making a peak at 1.1220 and hit 1.1244 earlier this morning. The views remain up for testing on 1.1265. A clear break above this level may lead to future bulls testing for 1.1300 - 1.1350. The closest support is 1.1210, whose breakthrough can take the price to a neutral trading area with testing 1.1175. But as a whole, I stay in the Bulls camp and every downward pressure can be seen as a good opportunity to buy.
The EUR/USD pair again crossed to above the important 1.12 handle after the US releases. Next bulls’ target is seen at 1.1267 (May’s 23 high) and if conquering it, will be challenged by 1.13.
During the past week the EUR/USD pair rallied but finally came a halt. Next week is offering interesting macro data and suggests to be very volitile for the pair.
The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1,1181, losing 0.26%. I believe that support is now at around 1.1160, Monday's low, and resistance is likely at 1.1268, Tuesday's high.
The week begins with a holiday in USA, but later in the day the focus will be on Draghi’s speech. During the past week the EUR/USD was trading almost flat and in consolodation between 1.1150 and 1.1260. Friday are due the NFP numbers and may wxpect new direction for the pair.
Having new panic attack in the Eurozone with Greece bank issue, the EUR/USD moved lower and marked weekly low at 1.1122. A break below 1.11 handle would lead bears to test 1.1069.
The euro / dollar was tentative yesterday but traded lower earlier today, sliding under the EMA 200. Signals are descending to test the support at 1.1080, which remains a good area to place purchases with tight stops. The closest resistance is seen at 1.1160. A clear breakthrough and daily closure over it will cause further upward pressure on testing at 1.1200 - 1.1265. I still prefer a bullish scenario in this phase, but a clear break and daily closure below 1.1080 will open the doors to 1.0950 and will also activate my wait to see a new model.
EUR/USD was very close to the important 1.12 handle during the Asia session, but drifted lower and now entered in bearish consolidation. Today are due releases of German retails sales and Euroarea flash CPI, which can give fresh power to euro bulls.
The single currency recorded an increase against the US dollar on Tuesday. The euro opened at 1.1161 and the pair rebounded from support at 1.1130. Eventually, the currency pair ended at 1.1185 and if the upward trend continues, we can expect a break in the first resistance at 1.1280.
Ahead of the important macro events this week ,the EUR/USD pair seems to range bounded.
The risk to the downside remains limited until the pair holds above the 1.12 handle. But to confirm a strong bullish run is needed a break through the 1.13 mark.
The EUR/USD pair retreated from the fresh highs and marked a weely low at 1.1204 ahead of the ECB meeting. Short term has turned to be slightly bearish. The pair broke below the 20-day SMA, but still is holding above the 100-day SMA.
This Wednesday, the dollar took 20 pips from the single currency's account. The session was dynamic and at the beginning of the day one euro was exchanged for 1.1276 dollars. With rapid pace the bears led the course in their direction. They broke the support at 1.1256 and recorded bottom at 1.1203. The battered players managed to mobilize and three hours later they recorded a peak at 1.1281. The last quote for the day was 1.1256.
