EUR/USD

The Inauguration day did not do much to the pair.

The EUR/USD pair closed higher last week and the sentiment for the new week seems to be in favour of the bulls. Strong support is placed at 1.0550. Looking to upside now resistance is seen at 1.0750 and higher at 1.0815.

I'm expecting resistance around 1.0750 level for EUR/USD.

On the last Friday’s session the EURUSD initially fell but found enough support at 1.0622 to bounce back up 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 trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, a daily support at 1.0622, the 10-day moving average at 1.0631 (support), the 50-day moving average at 1.0561 (support) and a daily support at 1.0462.

EUR/USD - I expect some long EUR positions covering and slight pullback - will try out to find another buy entry at 1.0690.

Eyes on Daghis speech. Which may fuel another EUR sell-off.

EUR/USD is trading higher today. After Trump was officially inaugurated as the 45th President the US dollar depreciated slightly against the Euro. Current market price is 1.0732 in the early European trading hours.

EUR/USD could reach next trading range from 1.0820 - 1.0850 where markets could look for better short positions. If it falls below 1.0720 and pass 1.0640 then upside attempts could eases while.

The euro rose against the dollar on Monday. By the close of US trading EUR/USD was trading at 1.0768, gaining 0.61%. I believe that the support is now located at the level of 1.0587, the low of Thursday, and resistance is likely at the level of 1.0769 - the maximum of yesterday's trading.

EUR/USD key supports observe at 1.0670 and it could remain for upside as long it holds and weakness could observe when it is out its comfort level at 1.0500 and next confrontation is breaching 1.0460.

EUR/USD closed higher yesterday at 1.0762 as the US Dollar is still weighed by the inauguration day. The price is moving above the moving averages and technical indicators head north. The attitude remains positive and a test of the 1.0800 level is very likely.

EUR/USD is trading at resistance in today's early European hours. The pair made a high of 1.0780 and is now gravitating towards the 1.0750 level. Bears have the advantage as price has reached resistance. Bulls need to go above 1.08 so that the upward trend could be confirmed.

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

The currency pair is trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0665 (support), a daily support at 1.0622, the 50-day moving average at 1.0567 (support) and a daily support at 1.0462.

US Dollar is rising so far. I will wait for test between 1.0707 and 1.0719 and will try to find entries for a few scalp trades - from the long side with targets around 1.0735 / 1.0742 and stops around 7 to 10 pips below entries.

EUR/USD bounced off the support at 1.0725 and is currently testing the resistance at 1.0750. A breakout above that resistance will likely lead to a further move to the upside towards 1.0770 again.

1.0750-1.0760 zone most probably to be lower high on small timeframe, watching on 15min.

Key levels to watch for:
Support: 1.0550; 1.0370;
Resistance: 1.0815; 1.0980.

The dollar was trading close to a 7-week low against a basket of other major currencies amid lingering market concerns about the protectionist policies of Donald Trump. The weakness of the dollar reflects concerns about the uncertain economic Trump policy, as well as fears that his protectionist stance can reduce corporate earnings and become a brake on economic growth.
On Monday, Trump has initiated a formal process of US withdrawal from participation in the Trans-Pacific Partnership (TPP). It separates the United States from its Asian allies.
Trump also announced his intention to renegotiate the North American Free Trade Area (NAFTA) with Canada and Mexico to the conditions more favorable for the United States.
The euro fell slightly against the dollar. The EUR/USD slipped by 0.1% to 1.0756.