EUR/USD

I wouldn't be too optimistic about the rate hike news given. Altho the market prices a fair chance for a December hike. As Brent is down from levels above 55$ since late Desember, Natural gas is also below 3$ with a dipping momentum. US oil rigs are picking up pace. Metals are flattening out. This could pushing PPI and inflation lower again.

Think back to the US rate hike news, it took quite some time from the door was opened for it, till the hike came. And the EU still have poor employment (EU-28 unemployment at over 8%) and risky economies (Greece, Spain etc).

EURUSD is very likely to be a capped by 1.0950-1.10 level for all of 2017.

EURUSD is losing 0.27% at 1.0737 and a breach of 1.0704 (low Mar.16) would open the door to 1.0650 (100-day sma) and then 1.0634 (55-day sma). On the other hand, the next up barrier is located at 1.0765 (high Mar.17) followed by 1.0829 (2017 high Feb.2) and finally 1.0873 (high Dec.8 2016).

EUR/USD formed three spinning top candlesticks on the four-hour time-frame at the resistance at 1.0780 and started moving to the downside. The retracement will likely continue at least until it reaches the support at 1.0700.

New terror attempt in France, will likely boost Le Pen. Her anti-terrorism policy was a huge win in polls after the last one.

The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD is trading at 1.0738, losing 0.26%. I believe that support is now at around 1.0597, Tuesday's low, and resistance is likely at 1.0783, the high of Friday's trading.

After had marked a fresh month high at 1.0782, the EUR/USD pair retreated and closed the week at 1.0738. The sentiment remains bullish as long as the price holds above 1.0700 handle.

EUR/USD should be retracing back this coming week. It need to pickup some buy orders left behind. 1.0580-1.0600 is my level to watch.

The pair downside strength seems limited, uptrend would continue as soon as break above immediate resistance level at 1.0780.

On the last Friday’s session the EURUSD fell with a narrow range and closed near the low of the day, although the currency pair managed to close within Thursday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0855 (resistance), daily resistance at 1.0819, daily support at 1.0713, the 10-day moving average at 1.0653 (support), the 50-day moving average at 1.0653 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.

At the moment EUR/USD is gaining 0.32% at 1.0772 facing the next up barrier at 1.0829 (2017 high Feb.2) followed by 1.0873 (high Dec.8 2016) and then 1.1300 (high Nov.9). On the other hand, a breach of 1.0726 (low Mar.17) would target 1.0704 (low Mar.16) en route to 1.0647 (100-day sma).

EUR/USD is trading close to the one month high, which was marked last week at 1.0782. The sentiment remains bullish in the short-term, but indicators are losing momentum.

EUR/USD has formed a shooting star candlestick on the four-hour time-frame at 1.0780 as well as a hanging man candlestick on the weekly time-frame at the same resistance level - both are signals for an impending move to the downside.

At the moment EURUSD is gaining 0.51% at 1.0794 facing the next up barrier at 1.0829 (2017 high Feb.2) followed by 1.0873 (high Dec.8 2016) and then 1.1300 (high Nov.9). On the other hand, a breach of 1.0726 (low Mar.17) would target 1.0704 (low Mar.16) en route to 1.0647 (100-day sma).

On yesterday session, the EURUSD tried to rally but found enough selling pressure at 1.0771 to give all of its gains back to the market and closed in the red, near the low of the day, however closed within Friday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0853 (resistance), daily resistance at 1.0819, daily support at 1.0713, the 10-day moving average at 1.0690 (support), the 50-day moving average at 1.0656 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.

EUR/USD bounced off from 1.0718 and moved to the upside after forming a doji candlestick at that level on the daily time-frame yesterday. The pair has broken above the previous high at 1.0782 and it's still rising, the closest target is likely at 1.0850.

I think the EUR/USD is overbought right now. It should retrace soon

EUR/USD made impressive rally and hit a fresh monthly high at 1.0820. There was a slight retreat in the afternoon, but the pair keeps bullish stance, which is confirmed by the technical indicatiors.

Dxy hit the 8 december low. Dollar might be oversold and face stronger resistance for futher falls, several pairs like aud, nzd, cad appear to give in slightly, but eur, chf, gbp and jpy have continued the fight.

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

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0851 (resistance), daily resistance at 1.0819, the 10-day moving average at 1.0714 (support), daily support at 1.0713, the 50-day moving average at 1.0658 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.