EUR/USD

Break or bounce from the 1.1400 level on the EURUSD? Thats the million dollar question, so far it all depends on this wednesday's fundamentals out of the US.

The euro recorded an increase against the dollar on Tuesday. The single currency justified the short-term expectations and resume the upward move from the end of last week. There is high probability for testing the resistance at 1.1436. Tuesday session started at 1.1357 and the bullish sentiment was most intense in the early hours. As a result, currencies reached a peak for the day at 1.1410. Subsequently followed a correction and the session finished at 1.1378.

Yesterday the EURUSD went back and forward with a wide range plus without any clear direction but managed to close in the green at the middle of the daily range.

The key levels to watch are 1.1460 (Resistance), the 10-day moving average at 1.1305 (support) and 1.1237 (support).

Eur/Usd has finally moved above 1.1400 level and so far the pair stay above the level, so that brings the next tough resistance handle would be around 1.1440/60.

The EUR/USD rose higher today above the 1.1400 level but the 1.1460 resistance level rejected the pair elevation as it was expected, We will see if there are other tries to test that strong resistance tomorrow.

It's testing 1.1460 again and I think this time it will manage to break above it. Should it manage to do so it will likely reach 1.1700 - 1.1710.

EUR/USD broke yesterday resistance 1.1400 and now testing 1.1470 I am still bullish on the pair.

Eur/Usd after managed to clear above 1.1425 levels next close level is near 1.1450 key levels. A break through 1.14478 will make the pair to pass 1.1450 to come test resistance at 1.1460 .

The bullish trend is still in place for the EURUSD, but we still must be careful with tomorrow's CPI numbers, because even though we are expecting them to come out weak, if they surprise to the upside, then the EURUSD may bounce back down from current levels.

The euro marked increase against the dollar on Wednesday. The session was very successful for the single currency, and bulls prevailed from the beginning to the end of trading. As a result, the resistances at 1.1436 and 1.1460 were broken. If the positive momentum continue in the future, currencies will test key level at 1.1559. Wednesday session started at 1.1378 and finished with 95 pips higher. Peak of the day was reached shortly before the end of the trading day, at 1.1478.

Yesterday the EURUSD rallied with a wide range and closed in the green near the high of the day, above the 1.1460 resistance.

It could have found some resistance and we may see a pullback before another move upward.

The key levels to watch are 1.1556 (Resistance), 1.1460 (Resistance), the 10-day moving average at 1.1336 (support) and 1.1237 (support).

Eur/Usd is ranging between 1.1400-1.1500 level, the pair has dropped sharply from near 1.15 handle, immediate support can be seen at 1.1425 which is today's low, break below would expose to the psychological support level of 1.14.

EUR/USD might have bounced off the resistance at 1.1500, but I think that soon we will see another attempt to break above that level so it can continue climbing.

The EUR/USD fell by the end of day and bounce around the 1.1400 level, most probably it will climb again tomorrow to test the 1.1500 again.

EUR/USD lost the bullish trend on the 4 hours chart an engulfing pattern and a sudden drop to below the support of 1.1400.

The euro recorded a decrease against the dollar on Thursday. Thus, the single currency lost the accumulated profits from the previous session. If negative direction continue we may expect soon break of support at 1.1171.The session on Thursday started at 1.1472 and the bullish trend prevailed from the start. Bottom of the day was hit at 1.1363, and the session ended at 1.1382.

Yesterday the EURUSD plunged with a wide range and closed in the red near the low of the day, creating a bearish engulfing pattern.

The key levels to watch are 1.1460 (Resistance), the 10-day moving average at 1.1345 (support) and 1.1237 (support).

The EUR/USD kept today under the 1.1400 level moving in a tight rang. Hope we can see better performance for the pair next week.

I think that next week we can expect EUR/USD to rise again, since it formed a doji candlestick above the resistance at 1.1330 on the four-hour filter chart.