EUR/USD

Euro recorded a third consecutive winning session against the dollar on Wednesday. The single currency justified the positive expectations and the couple made a test of resistance at 1.0917. The break of the key level has been delayed, but if bullish sentiment continue in the future, it will be overcome. Wednesday session started at a price of 1.0869 as trading was very volatile. Ultimately currencies reached a peak for the day at 1.0915 end session closed with 24 pips below.

On yesterday session the EURUSD rallied with a wide range and closed well in the green, near the high of the day, in addition closed above previous day high, suggesting a strong bullish momentum.

The pair closed above the 10 and the 50-day moving averages that now are acting as a dynamic support.

The key levels to watch are: The previous swing high at 1.0975 (resistance), the 50-day moving average at 1.0870 (support), 10-day moving average at 1.0864 (support) and a swing low at 1.0778 (Support).

The EUR/USD attacking the resistance level 1.0961 after the US dollar lost against the majors, i see that the the next level is 1.1000.

Finally EUR/USD is out of the range, only a close above resistance level 1.0900 will confirm the break. Next level 1.0970 then 1.1000

I agree, the pair will likely visit 1.1000 next, the question is whether it will finally be able to break above that level.

Intraday support is 1.0860, whose breach could lead price to neutral trading zone testing 1.0800 but important support remains at 1.0700. On the upside, a clear break above 1.0969 could trigger further bullish pressure testing 1.1060 and the trend line resistance. As long as price remains below the trendline, the bearish scenario remains valid.

The EURUSD is directionless, but it has had some volatility during the day. The pair continues oscillating around the 1.0900 level.

The single currency recorded a strong increase against the dollar on Thursday. The euro registered a fourth consecutive winning session and as a result the resistance at 1.0917 was broken. If bullish sentiment continue, the pair may test the second key level at 1.1003. The session on Thursday opened at a price of 1.0891 and closed with 47 pips higher. Prevailing trend was bullish, as the peak of the day was reached at 1.0967.

On yesterday session the EURUSD rallied with a wide range and closed well in the green, near the high of the day, in addition closed above previous day high, suggesting a strong bullish momentum.

The pair continues to close above the 10 and the 50-day moving averages that are acting as a dynamic support.

The key levels to watch are: The 200-day moving average at 1.036 (resistance), the previous swing high at 1.0975 (resistance), the 50-day moving average at 1.0884 (support), 10-day moving average at 1.0872 (support) and a swing low at 1.0778 (Support).

Not only did EUR/USD fail to break above 1.1000 but it bounced off the resistance at 1.0967 after forming a shooting star candlestick on the 4-hour time-frame and moved to the downside again. It will probably reach the support at 1.0800 soon.

The single currency continued its winning series against the dollar on Thursday after oil prices rose sharply during the last days of speculation to reduce production, and thanks to the weak US economic data.

The strong US Dollar crashed the EUR/USD gain within the week but the pair bounced up of the hourly support at 1.0810, Looks like we gonna start over from we opening of this week.

you can see how strong is the market indecided with EUR/USD, once price broke above the sideways range you can see the next day how the price quickly returned 100 pips to stay inside the range of 1.0900 and 1.0800.

Eur/Usd on the upside 1.100 is still act as the psychological level, the gain seems limited around 1.0920.

Now I sense eurusd is up to something. Next 2 weeks must be watched closely. The only side I am going to be is either short or flat.

this move is going to be big when it breaks that's for sure.

It's going lower, yay.

On Friday session the single currency broke a four-day winning streak and erased most of weekly gains. The Euro lost 107 pips to a closing price of 1.0832. Trading passed within the final values 1.0947 and 1.0810. However, for the week EUR/USD managed to rise by nearly 40 pips. Technically the pair continues to move in a range, as break of levels at 1.0995 or 1.0790 will suggest prevailing attitudes.

On the last Friday’s session the EURUSD plunged with a wide range and closed well in the red, near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.

The pair closed below the 10 and the 50-day moving averages that now should act as a dynamic resistance.

The key levels to watch are: The previous swing high at 1.0975 (resistance), the 50-day moving average at 1.0882 (resistance), the 10-day moving average at 1.0864 (resistance) and the last swing low at 1.0779 (Support).