EUR/USD

Yesterday the EURUSD fell again but this time with a narrow range and closed near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.

The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1159 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.

The single currency lost value for a third consecutive session on Wednesday. The pair continued depreciating and lost 47 pips to a closing price of 1.1005, which is a new two-month low. Next target of the bears is the key support located at 1.1000/1.0990.

csc2009 posted:
1.1000 level is critical, break below this psychological handle means further decline.

 It did break below that level but it bounced off 1.0980. We'll likely see it climb back to 1.1060 - 1.1070.

EUR/USD dips below 1.1000 psychological mark. Extending its downward trajectory for the fourth straight session, the EUR/USD pair has now dropped below 1.1000 psychological mark.Currently trading at nearly three-month low level of 1.0990, the pair came under renewed selling pressure as the greenback, as measured by the overall US Dollar Index, continues to gain traction after Wednesday's release of FOMC minutes reaffirmed market expectations of an eventual Fed rate hike move before the end of this year.With a relatively lighter economic docket, Thursday's downslide could be attributed to the prevalent bullish sentiment surrounding the greenback. Later during NA session, US weekly jobless claims data will be looked upon for short-term trading opportunities ahead of Friday's key release of monthly retail sales from the US.From technical perspective, weakness below 200-day SMA, and a subsequent break below 1.1125-20 horizontal support, had confirmed a break-down below a short-term descending triangular formation on daily chart and has eventually led to the pair's latest leg of downslide since the beginning of this week.From current levels, the downslide is likely to get extended towards 1.0970-60 horizontal support below which the pair might turn vulnerable to extend its depreciating move further towards Brexit swing lows support near 1.0910-1.0900 area. On the upside, recovery back above 1.1000 mark, leading a momentum above 1.1015 resistance, is likely to lift the pair beyond session high resistance near 1.1035 region towards its next resistance near 1.1050-55 region.

Yesterday the EURUSD initially fell but found enough support marginally above the 1.0970 to reverse and closed near the high of the day, however closed within the previous day range, which suggests being slightly on the bullish side of neutral.

The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1140 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.

EUR/USD bounced off 1.1060 and it's currently testing 1.1000 again. Depending on the fundamentals today we can see a breakout and a move to the downside towards 1.0950.

EUR/USD was lightly impacted by the positive US data earlier today and broke the psychological 1.10 level. Current market price: 1.0996. Main trend remains bearish.

On Thursday the euro recovered from the losses during the last three sessions and emerged from the reached two-month low. The single currency added 50 pips to a closing price of 1.1055 after trading within 1.1057 and 1.0985. The pair is moving under the downward sloping moving averages, but RSI is no longer around extreme levels. Correction to 1.1105 should resume the downward direction.

The euro was down against the US Dollar on Friday. By the close of the Asian session, EUR/USD was trading at 1.1023, shedding 0.32%. I believe that the support is now located at the level of 1.0982, the low of Thursday, and resistance is at the level of 1.1202 - Monday's high.

Bearish on the pair.

With a strong downward momentum, the pair might just extend further decline before pull back to correction. Immediate support level can be found at 1.0960 July low.

On the last Friday’s session the EURUSD dived with a wide range and closed near the low of the day, also managed to close below Thursday’s low, which suggests a strong bearish momentum.

Do to the nature of the impulsive daily candle it can also indicate exhaustion of the downward move. If today the currency closes in the green we will get the confirmation of the exhaustion.

The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1116 (resistance), a daily support at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.

Euro looks weak, i hope it catches some fire.

EUR/USD is trading slightly higher in today's early European hours. The pair made a high of 1.1280 a couple of weeks ago and has been downgrading since then. Current market price 1.0979.

EUR/USD is indeed retracing after reaching the support at 1.0963 but that is likely only temporary. A breakout below the aforementioned support level will lead to a further drop towards 1.0820.

EUR/USD closed last week at 1.0970, but today is seen slightly elevated. The pair rebounded from the low to currently trade at 1.0989 and seems that is heading to next resistance at 1.1003.

EUR/USD is higher in today's early European hours. The pair is now trading at 1.1007 and already made a high of 1.1026. If we do not get above 1.1020 today there is a big chance to see further depreciation of the pair.

Yesterday the EURUSD rallied with a narrow range and closed near the high of the day, however closed within the previous day range, which suggests being slightly on the bullish side of neutral.

The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1072 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.

The euro rose against the dollar on Monday. By the close of US trading EUR/USD was trading at 1.1000, gaining 0.26%. I believe that the support is now located at the level of 1.0964, Monday's low, and resistance is at the level of 1.1072 - the maximum of Wednesday.