EUR/USD

The single currency recorded a positive session against the US dollar on Monday. The currency pair opened at 1.2283 and the price bounced from the first support at 1.2260. After all, the euro ended at 1.2320 and if bullish sentiment continues, perhaps there will be a resistance test at 1.2370.

EUR/USD
Key levels to watch for:
Support: 1.2260; 1.2070;
Resistance: 1.2370; 1.2560;

The euro/dollar had another minor move past week. On the weekly chart, we have 6 consecutive unspecified candles indicating a volatile market. Short-term expectations remain downwards for testing 1.2175. This region is a good for placing long positions with narrow stops of loss. Immediate resistance is 1.2320. A clear break above this level could lead to future upward pressure testing 1.2385. Intraday support we have at 1.2220, whose breakthrough can cause downward pressure to test 1.2175. Only a clear break under 1.2175, however, will end the major bullish prospects.

On yesterday session, the EURUSD went back and forward without any clear direction but managed to close near the high of the day, in addition closed above Mondays’ high, which suggests a strong bullish momentum.

The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2331 (support), the 10-day moving average at 1.2302 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

Eurusd spot1.2372

Still in a consolidation mode.

Close above 1.2435 will re-test at least 1.2537.

Below 1.2214 will argue for a long term uptrend eroded.

o change to the triangle consolidation view.

If today close above 1.2394/2400 will be the first sign of uptrend acceleration.

Close below 1.2337 will be the first pullback sign.

On yesterday session, the EURUSD initially rose but found enough selling pressure to trim most of its gains but closed in the green, in the middle of the daily range, in addition managed to close within Tuesdays’ range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2330 (support), the 10-day moving average at 1.2302 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

The key point for EUR/USD H4.
The price touched 1.2328 support and will now form a correction between the upper limit of the downtrend and the bottom of the upward (higher) trend.
If the upper limit of the downtrend is broken, then we can talk about the continuation of the uptrend. If the price breaks the lower level of the uptrend, then there will be a continuation of the trend down to the level of 1.2240

I believe the EU has found support and we should be heading to 1.2394 and if we close strongly above that for 1.2504,God-willing.The TA is backed by Fri NFP and the EUR news today in my view.

EURUSD

Still in the triangle consolidation mode.

But a potential non-classic evening star is falgged on daily chart.

Also RSI failed to break the downtrend line.

We see potential short term downside risk.

If so, today will not touch or close above 1.2354/61 and ideally close below 1.2296.

On yesterday session, the EURUSD fell with a wide range but found enough support near the 10-day moving average to trim some of its losses although closed near the low of the day, in addition managed to close below Wednesday’s low, which suggests a bearish momentum.

The currency pair trading below the 50-day moving average that should provide dynamic resistance however, it is trading above the 10 and the 200-day moving average that should provide dynamic support.

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2330 (resistance), the 10-day moving average at 1.2305 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

The EUR/USD did not react much to the US data published today. I expect it to continue trading to the upside with first bull target at 1.2386.

EURUSD

Still consolidated in the triagle.

Last Friday price failed to touch or close above 1.2354/61 , but also failed to close below 1.2296.

Short term turned neutral.

If today close above current level (spot 1.2334), will generate a moderate daily buy signal according to my system.

I have closed 80% of my short position, look to add or reverse when the trend confirmed.

On the last Friday’s session, the EURUSD went back and forward without any clear direction but closed in the middle of the daily range, in addition managed to close within Thursday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair trading below the 50-day moving average that should provide dynamic resistance however, it is trading above the 10 and the 200-day moving average that should provide dynamic support.

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2328 (resistance), the 10-day moving average at 1.2304 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

AUDUSD

After the daily shooting satr candle, Aussie is consolidated about the downtrend channel from January.

However, price already close above 200 week ma.

Also we see some positive signs on daily MACD and weekly oscillator.

Although it's too early to call a major trend reversal, I still suspect the uptrend is not over yet.

EURUSD

Still consolidated in the triagle, but already close above daily Ichimoku kijun-sen.

According to my system, we have daily buy signal and weekly sell signal, overall neutral bias.

If today close below 1.2349/40 will be the first pullback sign.

On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Friday’s high, which suggests a strong bullish momentum.

The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 10-day moving average at 1.2334 (support), the 50-day moving average at 1.2323 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

The US dollar is in an uncertain technical situation. In addition, it is pressured by the circumstances of the Syria conflict and Trump's statements about Russia and China of devaluing their currencies.
In the near future, there may be volatility according to an uptrend. However, at the same time, the possibility of testing 1.2330 remains.
I see resistance at 1.2440, if the resumption of growth.
RSI showed near 70 value, which means a higher probability to fall.

main target based on DAX index - 1,2600
after possible we get correction to 1,23 .. 1,2200



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