EUR/USD

EUR/USD could not break above the resistance at 1.1007 and moved to the downside again, only to bounce off the support at 1.0880. I think the pair will start climbing towards the resistance at 1.1007 to test it again.

The attempts of the euro for appreciation was limited in 89-day SMA and the psychological level 1.1000. The pair traded at the foothills of these key resistances in the last two days of last week, but failed to climb above them.
Today the advantage is on the side of the dollar, and the price is headed towards support at 1.0860, and then to the bottom of 27 May at 1.0815.

It seem to me that today was the ؤalm before the storm cause these are many events that may drive more volatility this week. Which ones are we going to focus on as the EUR/USD dropped near to the lowest of May.

EUR/USD rebounded from the resistance 1.1000 and dropped almost 100 pips now price again over 1.0900 and heading to test the resistance again.

Quote from Valeria Bednarik, chief analyst at FXStree: ''There were also some rumors on a Greek deal to be announced later on today, that triggering an EUR/USD rally up to 1.0945 after the pair fell as low as 1.0890 mid European morning.'' But the rumors are still to be confirmed.

The 1.0900 level is still a good support for the EURUSD.

We have weekly support @ 1.07.. and crack of euro from 1.1065 has really a blow to bulls... Only daily closing above 1.1065 and clear break of 1.11 will bring bulls back in game.. and if euro remains below 1.10 then we will soon see 1.072/1.07.

Its nice to see 4hr chart of usd/chf as well.. now trading above neckline support of double bottom on 4hr chart.. giving more upside signals..

P.s. note since the day usdchf closed daily above 0.9357 which is neckline support of double bottom.. it never closed daily below it... so a very bullish signal.. no matter how much consolidation.. i see euro down and usdchf up.

Last week was the fall in EUR / USD.
On Monday he met the resistance of 1.1000 and the moving average 50 days.
There may be extensions to the area of 1.0665.
The momentum studies confirm this possibility because the RSI resistance found near his line 50 and reversed in decent order, while the MACD, already negative, seems to be willing to go beyond its signal line in the near future.

EURUSD fell on yesterday session after reaching the 10 and 50 day moving averages but closed in the middle of the daily range suggesting that the downward move is not strong enough to continue. So we may expect some consolidation until Friday where is expected the release of the US non-farm payrolls and the unemployment rate data.

Apparently Greece and the creditors are closer to the deal, Eur/Usd reach today's highs at 1.105, any gain on the front might be short-lived due to Friday.

EURO USD VIDEO ANALYSIS



This pair still pulling back after hitting what is called the Breakout Equivalent of the Pennant that started the bearish move. Right now we need to see a Bearish U-turn that takes out these Bullish Candles to resume the major downtrend and Consolidation Breakout.

EUR/USD broke above the resistance at 1.1007 and climed over 150 pips today. The pair is likely headed for target 1.1440 to test the resistance at that level.

EUR / USD had a bearish trend yesterday and bottomed at 1.0886. Trade signals show downward movement in order to test 1.0850 - 1.0800. The nearest resistance could be around 1.0965. A clear break above that area could lead price to neutral zone testing 1.1000 - 1.1050. A bearish scenario at this phase is very possible and any upward pressure should be seen as an opportunity to short positions around 1.0670.

EUR/USD had a good jump today 200 pips once 1.0900 was broken and now price is rebounding from resistance 1.1180 in the end of the day.

The progress in the Greece case support the EUR/USD as the pair rebounded two times from the 1.1180 resistance level and at the moment it is close to 1.1147. I think we will see another try to broke above that tomorrow.

Wath was happening with 1.11774 ??

The EURUSD rebounded slightly after touching at the lower limit of a bullish trend channel.
The main scenario remains bearish.
So if the EURUSD correct significantly above the lower limit of the band, is no stranger to observe the active quoting in the region of 1.11 or more (approximately 50% of fibonacci shrinkage).

What is amazing is no one predicted this. You can tell that no one seen this coming as everyone is calling this a 'manipulated stop hunt'. When will be realize that the market doesn't need PR to move in any direction?

On yesterday session the EURUSD rallied over 200 pips through a series of fundamental and technical catalysts and closed near the high of the day with a wide range day. The currency is now trading in a resistance zone, from 1.1097 up to 1.1236, so today we may expect a narrow range day consolidating the previous day move.