EUR/USD

Key levels to watch for:
Support 1.1670; 1.1608;
Resistance: 1.1969; 1.2121;

EUR/USD continues consolidating sideways above 1.1700 and that consolidation might continue until the end of the trading week unless the fundamentals cause some greater volatility.

US PPI data eased the bearish momentum of EUR/USD and the pair pushed higher to currently trade at 1.1778. Next target for the bulls is located at 1.1820.

On yesterday session, the EURUSD initially fell but found enough support to erase all of its losses and managed to close near the high of the day, in addition closed above Wednesday’s high, which suggests a strong bullish momentum.

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

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1791 (resistance), a daily support at 1.1753, a daily support at 1.1460 and other daily support at 1.1556.

This past week the Euro did not do much, maybe a correction is ahead.

All result worse than expected

Was expecting that after news during the week pointing to negative view.

The fundamentals did push EUR/USD to the upside today, not to mention that the pair formed a pair of hammer candlesticks at 1.1700 on the daily time-frame before the rally. That said, the continuation of the bullish trend will be confirmed if the pair breaks out above the previous high at 1.1910.

The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1822, gaining 0.42%. I believe that support is now at around 1.1687, the minimum of Wednesday, and the resistance is likely to come in at 1.1846, the high of Friday's trading.

The pair seems consolidating in the positive territory, limited upward strength due to low volume, I'm expecting bullish trend continues next week.

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

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

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1794 (support), a daily support at 1.1753, a daily support at 1.1460 and other daily support at 1.1556.

Eur/Usd is struggling regain 1.18 level, but downside seems limited. Maybe a chance to buy.

csc2009 posted:
Eur/Usd is struggling regain 1.18 level, but downside seems limited. Maybe a chance to buy.

Usually when the index is up cash goes down ,not always but pretty frequent.

EUR/USD bounced off from 1.1850 and moved to the downside again. Should the pair break out below 1.1775 the next target is likely at 1.1700.

EUR/USD started today in bearish consolidation mode. Markets are expecting the German prelim release and US reatail sales data to set direction.

On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day however the currency pair closed within Friday’s range, which suggests being slightly on the bearish side of neutral.

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

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1780 (resistance), a daily support at 1.1753, a daily support at 1.1460 and other daily support at 1.1556.

The single currency recorded a decline against the US dollar on Monday. The session started at 1.1820 and, after a steady downward movement, the euro ended at 1.1779. If the price continues to fall, the pair will head for support at 1.1700. On the upside, we can expect a resistance break at 1.1860.

Euro / dollar made a downward correction yesterday, forming a bottom at 1.1769. Expectations are neutral so far, but basically I stay in the Bulls camp and only a clear break back below 1.1650 should break the bullish scenario.

Eur/USD looks like a nice place to go long after the dip below 17.