EUR/USD

EUR/USD broke above 1.1400 but it also retraced and formed a doji candlestick on the four-hour time frame, so I think we can expect it to fall towards 1.1330 again.

Great ISM and the dollar is strengthening.

EUR/USD is trading lower after stronger than expected US monthly report. The pair was in buy mode for the week until the latest NFP data was announced and the dollar surged going back below 1.14, making a low of 1.1334. Be aware that 1.1410 is resistance and dollar bulls will try to keep price under this level.

The positive labor market data encouraged the greenback to add around 30-40 pips and EUR/USD declined below the $1.14 mark.

Hmm, I see the leaked IMF transcript. A new Greece crisis can weigh heavily on the Euro.

I believe that these positive nears are not indicative of dollar strengthening in the long-run.I see these are factors to give traders the opportunities to buy at lower prices and sell high at say 1.1590.I think buying from anywhere around 1.1328 upwards as low risk buying with SL at the last low in 1 hr time -frame,God-willing.

1.14 (or more precisely 1.3900) is very resistant yes on both weekly and daily chart. Eur/Usd has been trading in a range for several months now. The lower limit of the range is about 1.05200. Expect a decline down into the range again now after several attempts breaking above 1.14, which really is not possible at the time being when $ is obviously getting stronger and stronger, the rebound for the pair after 2015 might be done now I am afraid. We need two weekly candles closing above 1.14 to confirm an breakout upwards from the range to form a new upwards trend IMO.

https://www.tradingview.com/chart/EURUSD/NlM9zS2B-EUR-USD-ready-for-retracement/

What you guys think about my opinion?

I expect EUR/USD to reach 1.1495 next week.

Last time EUR/USD was rejected to close above 1.1425 and require a clear pass there firstly . Next range is above 1.1460 for further rebound of this pair. Opposite scenario below 1.1375 this pair has further downside risk.

During the last week bulls supported the single currency and pushed it to six-month high at 1.1437. The euro gained almost 220 pips for the week to a closing price of 1.1389. From the USD perspective, the negative trend continues with bulls trying to cap the important 1.15 level. Having in mind the overbought circumstances, correction is not excluded to 1.1290.

On the last Friday’s session the EURUSD went back and forward without any clear direction although with a wide range and closed in the middle of the daily range, in addition closed within the previous day range, suggesting lack momentum and indecision among investors.

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

On Friday the non-farm payrolls came out better than expected at 215K however the unemployment rate came out at 5.0% showing a rise of 0.1%.

The key levels to watch are: A daily resistance at 1.1555, other daily resistance at 1.1456, the previous swing high at 1.1342 (support), the 10-day moving average at 1.1248 (support), and daily support at 1.1237.

1.12 is coming i think

EUR/USD is trading lower today after upbeat US data depreciated the pair going as low as 1.1334. Currently, the EUR/USD is trading at 1.1365. Major target for bears is 1.1230. Price has hit resistance and a correction is expected.

With the Friday positive news for the USD and the technical suggest EURUSD has reversed.With SL at the last week's swing high,one may sell and aim 1.11438 and 1.10595 as TPs,God-willing.

The doji candlestick on the four-hour time-frame I mentioned last Friday had the expected result and EUR/USD fell to 1.1330. That said, the pair is once again testing the resistance at 1.1400 and I still think that if it breaks above that level it will eventually reach 1.1500.

The dollar managed to recover after reaching a 5-month low on Thursday. US currency stopped its down movement, supported by strong data on employment in non-agricultural sectors of the US. New jobs for March reached 215 000. The expectations of economists was for 205 000. The unemployment rate, however, rose to 5%. It was expected to remain unchanged at 4.9%. The data came after the weakest quarter for the dollar in five years.
Following the publication of the data, the euro fell to 1.1335 after earlier failed to rise to 5-month high at 1.1437.

Forex Strategists at Morgan Stanley noted that cautious comments by Federal Reserve Chairman Janet Yellen supported the single currency.
Analysts do not exclude the possibility of continuing growth to the area 1,16 to 1,17, but keeping these levels would be problematic. At the same time, there are compelling catalysts for downtrend in EUR/USD, so by Morgan Stanley express neutral expectations.

While the dollar remain its negative tone, the pair is trading with limited range near 1.1400 level, directionless trading continues.

The euro retreated from the 1.14 grip and fell to 1.1388 ahead of the PMI data.