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21/08/2018

The euro is rising against the US dollar on Tuesday morning.
The exchange rate rose to nearly 1.1540, slightly below the weekly R2 (1.1543) and is now consolidating gains afloat the 1.15 level.
The upper boundary of the hourly Bollinger bands is located near 1.1555 area, while the lower at 1.1414.
Support may now be offered at the weekly R1 at 1.1491.
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17/08/2018

The euro is rising against the US dollar in early European trading session on Friday.
The exchange rate trades at 0704 UTC within the 1.1380/90 area.
The exchange rate closed yesterday's session above the monthly S3 (1.1363) and given that support is now provided there, an attempt to rise above the 1.14 level seems likely during this session.
If so, the next target may lie on the 1.1465/75 area, where both the monthly S2 (1.1469) and the weekly PP (1.1475) are located at. On the on other hand a …
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16/08/2018

The euro is consolidating gains against the US dollar on Thursday morning European session.
The exchange rate is moving closer to the 1.1370 level at 0725 UTC.
During yesterday's session, losses were hindered at the 1.13 level. And after testing the previous mentioned level, the exchange rate rose yesterday from there till 1.1390 recorded during today's earlier Asian session.
The exchange rate is now above the lower boundary of the daily Bollinger bands (1.1330). The 20-day SMA is further above …
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15/08/2018

The euro eased against the US dollar on Wednesday during the Asian session.
The exchange rate trades at 0625 UTC near the 1.1340 area.
The exchange rate fell slightly below the weekly S1 (1.1321) and now seems to be consolidating losses.
Below the weekly S1 lies the weekly S2 (1.1230), while above it, the weekly PP stands at 1.1475.
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10/08/2018

The euro is easing against the US dollar on Friday morning.
The exchange rate plunged below the 1.15 area and tested the the weekly S2 (1.1438).
The hourly RSI ticks at 12.4 and correction is likely to take place towards the weekly S1 (1.1503).
Above the weekly S1, the 20-hour SMA lies at 1.1540. Then the 55 and 100-hour SMAs combined with the monthly S1, all positioned within 1.1575/85.
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08/08/2018

The euro is rising against the US dollar on Wednesday morning European session. The relief note was accomplished during the Asian session and gains are now being consolidated in early European session.
The exchange rate was able to rise towards the 1.1628 level and currently, at 0705 UTC stands at 1.1615.
The upper boundary of the hourly Bollinger bands is located at 1.1622, nearby the weekly PP (1.1624). Actually, that level may be regarded as resistance, where the early Asian rise was hindered…
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03/08/2018

The euro is easing against the US dollar on Friday morning European session.
The exchange rate trades near 1.1575 at 0830 UTC, where the lower boundary of the hourly Bollinger bands is located at.
The hourly RSI ticks at 20.6 and looks overstretched.
If the motion south persists during this session, the next target may lie on the weekly S2 at 1.1547. The weekly S1 may cap today's gains, if any will take place.
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02/08/2018

The euro is easing against the US dollar on Thursday morning European session.
The exchange rate trades near the 1.1630 area at 0705 UTC.
The current price action is below the lower boundary of the hourly Bollinger bands (1.1635). The hourly RSI at 18.6 looks overstretched and suggest a correction during today's session.
Though, the exchange rate will likely struggle to reverse polarity, as the upper boundary of the hourly Bollinger bands (1.1686) and the 20, 55 and 100-hour SMAs, all positioned…
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24/07/2018

The euro is easing against the US dollar on Tuesday morning European session.
The exchange rate trades at 0645 UTC near the 1.1670 level, which coincides with both the lower boundary of the hourly Bollinger bands and the 100-hour SMA.
The weekly PP is located at 1.1680 and if combined with the previous figures fails to provide support during this session, the next target may lie on the weekly S1 at 1.1614.
On the other hand, if the exchange rate manages to reverse polarity, the immediate target …
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11/07/2018

The euro is easing against the US dollar on Wednesday morning European session.
The exchange rate trades at 0930 UTC near the 1.17 level. The weekly pivot point is located at 1.1702.
The hourly RSI ticks at 30.57 with additional scope to tick even lower during today's session if the downside momentum persists.
The lower boundary of the hourly Bollinger bands is located at 1.1710, while the upper at 1.1751.
The next target may lie on the weekly S1 at 1.1635.
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