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Apr 05 2016 at 16:36
708 posts
Interesting levels to watch for:
Support: 1.1290; 1.1070; 1.0790;
Resistance: 1.1435; 1.1485; 1.1560.

Apr 05 2016 at 16:40
708 posts
The euro broke five-day winning streak on Monday, which retreated moderately to dollar to 1.1388. The session ranged in the final values 1.1412 and 1.1357. Currently EUR/USD continues to consolidate above the rising moving averages, but the relative strength index retreated from extreme levels. A likely target is the 1.1435 but break of 1.1355 will open the way for a test of 1.1290.

Apr 06 2016 at 00:44
834 posts
The pair found next support level around 1.133 zone while still trading in a narrow range.

Apr 06 2016 at 04:06
774 posts
From the current level on the EURUSD, the price may head in any direction, but the bullish trend is still in place and there could be a bullish breakout.

honeill (honeill)
Apr 06 2016 at 07:38
1141 posts
Yesterday EURUSD went back and forward without any clear direction again but this time with a wide range and closed in the middle of the daily range, in addition managed to close within the previous day range, suggesting lack of momentum plus indecision among the traders.

The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.

This lack of momentum is not strange with traders looking for some clues and guidance from the FOMC meeting minutes later today.

The key levels to watch are: A daily resistance at 1.1555, other daily resistance at 1.1456, the previous swing high at 1.1342 (support), the 10-day moving average at 1.1327 (support), and daily support at 1.1237.

"I trade to make money not to be right."
Apr 06 2016 at 08:50
277 posts
The EUR/USD is trading at 1.1345 after making a high of 1.1437.9. The Euro seems poised to continue depreciating against the Dollar as first support zone is seen at 1.1320, while major support is 1.1240.

Apr 06 2016 at 16:11
1117 posts
EUR/USD broke above 1.1400 but is currently testing the resistance at 1.1420 - 1.1430 and I think it will break above it once the FOMC meeting minutes get announced later today. I haven't opened new longs, however, not before the fundamentals.

Apr 06 2016 at 16:58
708 posts
Euro/dollar had another indecisive movement yesterday. Short-term expectations remain neutral. The longer the pair holds above 1.1335, the price is still in bullish phase for testing 1.1500. On the downside, a clear break and daily close below 1.1335 could trigger further bearish pressure testing 1.1250 or lower. The main technical outlook also remains neutral.

Apr 07 2016 at 06:45
675 posts
EUR/USD showed quite hesitant steps yesterday. Price slipped below 1.1335 but closed higher at 1.1397. In the short term the tune is neutral. Potential daily range is seen between 1.1500 - 1.1335.

Apr 07 2016 at 07:42
325 posts
Dovish Daghi sent the euro down like a rock at more than 70 pip from daily high.

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