EUR/USD

The EURUSD is staying at current levels, but with the FED decision next week it may go back down and the ECB is not really over with injecting more stimulus.

The single currency recorded an increase against the dollar on Tuesday. The session started at 1.0836 and ended 54 pips higher. After steady upward movement the price managed to break the first resistance at 1.0854. If the pair justify the positive expectations, the price will continue its upward movement.

Goldman Sachs still expect parity in EUR/USD
The forex strategists of Goldman Sachs revised upwards their forecast for the euro, but still expect it to reach parity with the dollar in the next 12 months.
From Goldman Sachs reviewed quarterly expectations for EUR/USD of $1.02 to $1.07, semi - from $1.00 to $1.05, and 12-month - from $0.95 to $1.00.

Morgan Stanley: Sell EUR/USD after the Fed meeting.

sell eurusd at 1.0910 tp 1.0890 SL 1.0920

Yesterday the EURUSD rose with a narrow range and close near the high of the day plus above the previous day high, suggesting a strong bullish momentum for today.

Today we should pay attention to the close and a potential close above the 50-day moving average would set the bullish tone for the couple of days.

The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1079 (resistance), the 50-day moving average at 1.00894 (resistance), 1.0900 (resistance) and 1.0819 (support).

Support: 1.0854; 1.0676; 1.0548; Resistance: 1.0975;

The pair continue moving higher above 1.09 level, but lack of significant movement the pair is still within the range between 1.08 and 1.10 before the FED.

EUR/USD is still testing the resistance at 1.0980. It's possible it will form a double top here and move to the downside again, or if it breaks above that level it will continue climbing towards 1.1050 - 1.1100.

that was a good rally, from 1.0900 and now price is testing 1.100 I closed my position to be sure and I will wait for an entry over 1.1050.

Nice rally indeed today for the EUR/USD, I see that the next level to be tested is the 1.1100 tomorrow.

Is this the big short down to parity?:)

The rally on the EURUSD makes things more difficult for the ECB as the strong Euro hurts inflationary pressures on the Eurozone.

EUR/USD’s upbeat momentum faltered near 1.1050 - key resistance in the previous session, and the price retreated thereon and now looks to give away 1.10 handle as we head into the late-Asian trades.

EUR/USD off monthly highs, attacks 1.1000

Currently, the EUR/USD pair loses -0.13% and trades at 1.1008, testing 1.10 barrier. The main currency pair halted its 2-day winning streak and turned negative after the USD bulls jumped back on the bids, attempting a minor correction after yesterday’s extensive slide.

On Wednesday, the shared currency rallied to the highest levels since Oct versus the US dollar after ECB’s Governing Council members backed the recent ECB policy decision, citing that markets had unrealistic easing expectations from the central bank. This further fuelled another round of post-ECB shorts squeeze.

Looking ahead, in absence of macro update for the EUR in the day ahead, focus now remains on the SNB decision which may have major impact on the EUR/CHF pair, eventually impacting EUR/USD somewhat. While the sentiment on the European stocks will also play a key role today.

EUR/USD Technical Levels
The pair struggles above 1.10 handle, with the next hurdle in sight is located at 1.1041 (Dec 9 High) and from there to 1.1072/84 (100 & 200-DMA). To the downside, the immediate support is seen at 1.0990 (1h 20-SMA). Selling pressure will intensify below the last, dragging the pair towards 1.0926/27 (1h 50-SMA/ 5-DMA).

On Wednesday session the single currency recorded strong growth against the US dollar. The session started at 1.0890 and ended at 1.1024. The daily extremes were 1.0878 and 1.1041. If the upward trend continues, we may expect a test of the first resistance at 1.1106.

victoriajensen posted:
 EUR/USD is still testing the resistance at 1.0980. It's possible it will form a double top here and move to the downside again, or if it breaks above that level it will continue climbing towards 1.1050 - 1.1100.

So far, 1.10 level is still holding, we are looking for next target zone 1.105-1.110.

Feel some RED blood going through the river here....

Yesterday the EURUSD rallied with a wide range and close near the high of the day plus above the previous day high, suggesting a strong bullish momentum.

The pair closed above the above the 50-day moving average on a strong move but a second close would show a confirmation of the phase change, going from bearish to a recovery phase.

The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1081 (resistance), the 50-day moving average at 1.0888 (support), 1.0900 (support) and 1.0819 (support).

Well Hugo... hope you are still 'ALIVE' :)

More short is coming after BoE (and the ECB and FED next week) !