EUR/USD

The pair remains in the negative territory, it's testing the immediate support level around mid 1.0800 level.

The EUR/USD is trading lower in today's trading session due to technical and fundamentals combined. Technically speaking, price is trading below the 200SMA for a fifth consecutive day. Also, price is now outside the long-term bullish channel, which makes it vulnerable to bear attack.

First level of support 1.08, first level of resistance 1.0970.

Good downward move today.

EUR/USD drop is halted around 1.0850, In my opinion the area between 1.0850 until 1.0820 is a rebound area the pair might trade sideways around this area for sometimes before taking a decision.

The pair may have bounced off from 1.0830, but I think the move to the downside isn't over and sooner or later it will reach 1.0800 again at the very least.

The EUR/USD will test the 1.0800 level sooner not later specially if the US Nonfarm Payrolls came as expected. The EUR/USD will break through the 1.0800.

EUR/USD prolongs its decline upon ISM factories boost.

The trend is still to the downside on the EURUSD, the NFP numbers may decide if the EURUSD continues dropping or if it retraces.

The single currency recorded humble decline for a third consecutive session on Tuesday. The pair lost only 6 pips at a closing price of 1.0866. The graphics continue to develop under moving averages, while the index of relative strength remained on neutral territory. If the downward trend continues, we may expect a breakthrough of the support at 1.0810.

The EUR/USD is trading in the long-term downward channel, which makes it vulnerable to bear attacks. First level of support 1.08, first level of resistance 1.0960. Only a break and a close above the 200SMA would invalidate the depreciation of the Euro.

Yesterday the EURUSD initially fell but found enough buying pressure to turn around and closed near the high of the day, however closed within the previous day range, suggesting a weak bullish momentum.

The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.

The key levels to watch are: A daily resistance at 1.1097, the 200-day moving average at 1.1020 (resistance), 50-day moving average at 1.0984 (resistance), the 10-day moving average at 1.0965 (resistance), a daily resistance at 1.0900 and a daily support at 1.0819.

My latest trade took advantage of the downtrend on this Currency.







This was the overall setup and projection on Daily Chart...







This was the Entry Setup on 4 H Chart...







After few days, target was hit...













Having reach Support of Pennant on Daily Chart, EURO will either rally once again to Resistance or breakout Bearish.


Duane
DRFXSWINGTRADING

EUR/USD is still testing the support at 1.0830. I don't think there will be a breakout before the NFP later this week.

EUR/USd starting trading in a tight range around the support level, I dont think there will be much movement until the NFP on friday.

Neutral action for the 2nd day and the EUR/USD moving in the side way, Is it the silent before the storm? I will wait the NFP as well.

Dollar continued its rally against Euro today, found immediate support level around 1.0820/30 zone, break below that would open the door to 1.0800.

Yesterday the EURUSD initially fell but found enough buying pressure to turn north again and closed near the high of the day, however closed within the previous day range, suggesting a weak bullish momentum.

The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.

The key levels to watch are: A daily resistance at 1.1097, the 200-day moving average at 1.1019 (resistance), 50-day moving average at 1.0987 (resistance), the 10-day moving average at 1.0942 (resistance), a daily resistance at 1.0900 and a daily support at 1.0819.

The single currency marked a neutral session after choppy trade on Wednesday. The session started at 1.0865 and closed with only 2 pips higher. The graphics continue to develop under moving averages, while the index of relative strength remained on neutral territory. If the downward trend of the last few sessions continue, we can expect a breakthrough of levels at 1.0810.

The bear rally in the EUR/USD seems to have dried up as we can see less volume in the last few days. This could mean a change in trend. If price manages to climb above 1.1050 and close above we have a strong confirmation that a bull trend is forming.