EUR/USD continues to struggle around 1.0800, trying to break highs at 1.0825. According to our forecast, 1.0825 is a strong resistance, there is no additional data to set new strong points. Resistance stays at 1.0825, support is set at 1.0750.
As we had expected, the asset struggled whole day yesterday with 1.0800 level, breaking it a few times. It was a strong resistancce point and it will take ome time to consolidate it. Currently, the asset stays below 1.0800, resistance is set at 1.0825, support stays at 1.0745.
This morning, EUR/USD is on the raise again attempting to reach this year’s high. Yesterday’s effort to strenghten the dollar had petered away after one of the FED’s authorities’ speech. The resistance is set at 1.0800, support stays at 1.0700.
EUR/USD dropped in value on Friday, which was caused by positive reports on consumer moods in USA. But it was still not much enought to strenghten the dollar for longer. The asset did not get close to the support, closing at 1.0737. Resistance is set at 1.0800, support set at 1.0680.
According to our forecast, the asset is attempting to break as yesterday’s bulls run turned unsuccessful. The support is set at 1.0670, resistance is set at 1.0825.
The dollar suffered a substantial loss, even though FED increased the interest rates in USA. The conference itself was a bit disappointing but those expectations were slightly exaggerated. Support stays at 1.0670, resistance is set at 1.0825.
The dollar gained yesterday, and now the markets are preparing to hear FOMC conference this evening. That made the asset drop below 1.0650. The resistance at 1.0620 was maintained and it is set to 1.0620 as support is set to 1.0700.
EUR/USD after a slight correnction seems unaltered today. There is a strong anticipation towards the FOMC meeting. Support is set at 1.0620, resistance stays at 1.0700.
EUR/USD has strongly opposed the dollar strenght in the past weeks. The market is waiting for the FOMC meeting and interest rates decision for USA. The asset is in consolidation phase after Friday’s launch. Support is set at 1.0620, resistance set at 1.0700.
EUR/USD was unable to break the support but not because of dollar. It was the EBC meeting that spurred Euro so significantly. Mid-range support is set at 1.0550, targer support stays at 1.0500, resistance is set to 1.0700.