EUR/USD

EUR/USD is trading a bit higher in today's early hours. The pair reached a low of 1.1152 and is currently trading at its highest at 1.1180. We don't have any major news for today so mild volatility might be expected.

On the last Friday’s session the EURUSD tried to rally but found enough resistance near the 50.0% Fibonacci retracement to give back to the market all of its gains and closed near the low of the day, however closed within Thursday’s range, which suggests being slightly on the bearish side of neutral.

The pair is trading below the 10 and the 200-day moving averages that are acting as a dynamic resistance and is trading above the 50-day moving average that is acting as dynamic support.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1207 (resistance), the 200-day moving average at 1.1173 (resistance), the 50-day moving average at 1.1138 (support) and a daily support at 1.1097.

EUR/USD is still testing the support at 1.1150 after the volatility caused by the NFP last week. A possible breakout below that level will likely lead to a further move to the downside towards 1.1120 - 1.1100.

Yesterday the EURUSD tried to rally but found enough resistance at the 200-day moving average to reverse and closed near the low of the day, in addition managed to close below the previous day range, which suggests a strong bearish momentum.

The pair is trading below the 10 and the 200-day moving averages that are acting as a dynamic resistance and is trading above the 50-day moving average that is acting as dynamic support.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1180 (resistance), the 200-day moving average at 1.1176 (resistance), the 50-day moving average at 1.1142 (support) and a daily support at 1.1097.

The EUR/USD is trading relatively unchanged in today's session. The pair is gravitating towards 1.1150 level in anticipation of the Non-Manufacturing Composite released later today.

The EUR/USD is trading to the upside since yesterday's ISM data at 51, lower than the 55.5 expected. Bears took over and the pair rallied from 1.1143 to a high of 1.1265. The pair is now 1.1253 and appears that it has reached minor resistance at the last high.

Yesterday the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above the previous day high, which suggests a strong bullish momentum.

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

The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1177 (support), and a daily support at 1.1097.

The euro rose against the dollar on Tuesday. By the close of the American session, EUR/USD was trading at 1.1257, gaining 0.98%. I believe that the support is now located at the level of 1.1126, the low of Thursday, and resistance is likely at the level of 1.1263 - a maximum of yesterday's trading.

Euro/dollar rose higher yesterday, topped at 1.1262 and now struggling around the important 1.1250 level. The bias is bullish especially if price is able to make a clear break above 1.1250, re-testing 1.1350. Intraday support is 1.1200. A clear break below that area could lead price to neutral zone for testing support 1.1150/25 and will hold the phase of bears intacted.

Key levels to watch for:
Support: 1.1100; 1.0980;
Resistance: 1.1286; 1.1400.

EUR/USD has been testing the resistance at 1.1250 for the past day or so, a breakout above that level will likely lead to a further move to the upside towards 1.1300 - 1.1340.

The single currency recorded a modest decline against the US dollar on Wednesday. After a volatile session, the euro has lost only 16 pips to a closing price of 1.1238. In the short terms the outlook remains neutral as the most likely scenario is a resumption of the uptrend and test the first resistance at 1.1100.

Yesterday the EURUSD went back and forward without any clear direction but closed in the red, in the middle of the daily range, in addition managed to close within the previous day range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1181 (support), and a daily support at 1.1097.

The EUR/USD continues it's upward move started on Tuesday this week. The pair reached a new high at 1.1279 and is currently 1.1274. Important EU data is scheduled for later today.

EUR/USD just broke above 1.1300, Mario Draghi's press-conference later today will likely push it further up.

Yesterday the EURUSD initially rallied but found enough selling pressure to give back to the market most of its gains but closed in the green, near the low of the day, in addition managed to close within the previous day range, which suggests being slightly on the bearish side of neutral.

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

The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1189 (support), and a daily support at 1.1097.

The single currency marked and increase against the US dollar on Thursday. The session started at 1.1238 and closed 21 pips higher. The chart continue to develop above the moving averages, while RSI remained at neutral territory. In case the pair keep the upward direction, most likely the will manage to break the first resistance located at 1.1286.

The euro rose against the dollar on Friday. By the end of the Asian session, EUR/USD was trading at 1.1281, gaining 0.20%. I believe that the support is now located at the level of 1.1137, Tuesday's low, and resistance is ta the level of 1.1329 - maximum of Thursday.

Todays theme will continue to be USD strength and will continue during next week. We believe that there will be no rate hike in September and not even in December. So, markets should be range bound with a rate hike expected early next year.