EUR/USD

Interesting to see how the next week unfolds.

The pair will be Bullish just a little retrace will happen.

On the last Friday’s session the EURUSD initially fell but found enough buying pressure around the 10-day moving average to reverse and managed to close near the high of the day, although the currency pair closed within Thursday’s range, which suggests a being on the bullish side of neutral.

The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0738 (support), a daily support at 1.0622, the 50-day moving average at 1.0590 (support) and a daily support at 1.0462.

Facing strong downward pressure, lower investor confidence doesn't help, pair down 50 pip today. Back below 1.07 on the cards? Harkers speech later today can give dollar the necessary push, dollar index back above 100.

The US dollar appears to be gaining strength. EUR/USD is now 1.0732, down from above 1.08. First support level is at 1.0710.

EUR/USD is testing the support at 1.0710 which is the (MA)89 indicator on the four-hour time-frame. A breakout below that level will likely lead to a further move to the downside towards the previous low at 1.0620.

Was it just me or was anyone else not aware that there was Draghi's testimony today in Brussels??

I check the myfxbook calendar everyday before commencing trading and it was not included in there at the start of today. Yet now they have conveniently added it to the calendar AFTER the event took place. This is obviously a very impact event for currency and indeed EUR/USD dropped almost 90 pips today. Had I known about that I would not have placed any trades before hand and now I have some drawdown due to not being aware of this event.

I don't understand how they could just leave that out!? Have I missed something or can someone explain to me how that was missed??

The EURUSD is stuck between the 1.0700 level and the 1.0800 level. Very well defined range, but the bullish trend is still in place in the middle term, therefore it could still try to visit the 1.0900 zone.

I usually check DailyFX, I usually post about events before hand on my blog too.

On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure at 10-day moving average to trim some of its losses although closed in the red, in the middle of the daily range, in addition the currency pair managed to close within Fridays range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0743 (support), a daily support at 1.0622, the 50-day moving average at 1.0591 (support) and a daily support at 1.0462.

EUR/USD is still very bearish and it broke below 1.0710 today. If it breaks out below 1.0620 it will likely continue falling towards the next support at 1.0570.

The EUR/USD pair contiues to trade lower and marked today daily low at 1.0655. Later the pair bouned and the current market price is 1.0686. In the hourtly chart technical indicators have recovered from the oversold area and are showing strong bullish momentum. The risk for downward slide is still in tact, as long as the pair stays below the key resistance at 1.0700.

EUR/USD closed the European session in the red today after it went below support on the short-term. The pair dipped under 1.07, which was seen as immediate short-term support and is now still trading below that line.

If the pair continues in that direction, we might expect first support zone at 1.0619, second is seen at 1.0450 and major support is the lowest at 1.0338.

On the other hand, if bulls take the advantage of the dip, they can boost the price up to the latest high at 1.0825 thus forming a potential double top. If that does not hold, 1.09 is seen as major short-term target.

Whichever comes first will most likely be impacted by either Trump's success or Trump's failure to implement his new policies.

Le Pens lead will way heavily on this pair, likely more so than Trump. Calling for a euro exit for France. It should limit the upside as it is a major euro risk.

On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition the currency pair managed to close below Monday’s range, which suggests a strong bearish momentum.

The currency pair is trading above the 50-day moving average that should act as dynamic support although the EURUSD closed below the 10 –day moving average and remains trading below the 200-day moving average both should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0743 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0593 (support) and a daily support at 1.0462.

EUR/USD is trading to the downside in today's session due to increased uncertainty in Europe related to the elections in France. Price is now 1.0649 and first support is seen at 1.0617.

Euro/dollar made a downward momentum yesterday, slipped below the bullish channel, but still failed to break below key support 1.0650 and EMA 200. The outlook is bearish for now, but we need a clear break below 1.0650 to confirm bearish reversal scenario with the closest target around 1.0500. Resistance for the day is 1.0730. A clear break above that area could lead price to neutral zone trade, but should keep the bullish phase intact testing 1.0800.

The pair bounced off 1.0640 and it could retrace back to 1.0710 - 1.0720 which from a support would have become a resistance level, before it continues moving to the downside.

The upward potential is now limited by the 1.0720 region, where the 20-day SMA crossed to below the 100-day SMA. The current market price is 1.0688 and if failing to hold around this area, the pair is poised to reinforce the downard slope towards 1.0650 and even lower towards the key support at 1.0590.