EUR/USD

The single currency registered an increase against the dollar on Monday. The euro break two-day losing streak and marked gains. So break of support at 1.0769 was postponed and short-term expectations remain in favor of the euro. In this case, the pair is likely to make a test of resistance at 1.0917. Monday session started at a price of 1.0790, as a bullish trend was leading all the time. Tip of the day was reached at 1.0856, and session closed with 8 pips below.

On yesterday session the EURUSD rallied and closed well in the green, near the high of the day, in addition closed within the previous day range, suggesting a weak bullish momentum.

The pair failed to close above the 10 and the 50-day moving averages that now are acting as a dynamic resistance.

The key levels to watch are: The previous swing high at 1.0975 (resistance), 10-day moving average at 1.0866 (resistance), the 50-day moving average at 1.0863 (resistance) and a swing low at 1.0712 (Support).

In my opinion, the current levels of support and resistance are: Support: 1.0770; 1.0700; Resistance: 1.0920; 1.1000.

EUR/USD: Is Likely a Sell!!!

The recovery yesterday was unexpected as EUR/USD Reached an overnight high of 1.0856. now it seems to have scope to test the 1.0875/80 resistance but move above this level appears unlikely. On the other hand, only a move back below 1.0810 can indicate that the short-term upward pressure has eased.

As pointed out yesterday, while we shifted to a SELL stance in EUR/USD, the downward momentum is not impulsive and we have a modest target of 1.0710.

Source : freshforex.ir

The EUR/USD range continues for yet another day, perhaps the FOMC statement tomorrow will finally end it.

After last week's attempt to break the support level, now the EUR/USD is forming a doji price is returning to the open price, this means there is uncertainty in the market. For me I cannot find an opportunity to enter on the price the only option is to wait for a break out of the sideways range.

honeill posted:
On yesterday session the EURUSD rallied and closed well in the green, near the high of the day, in addition closed within the previous day range, suggesting a weak bullish momentum.

The pair failed to close above the 10 and the 50-day moving averages that now are acting as a dynamic resistance.

The key levels to watch are: The previous swing high at 1.0975 (resistance), 10-day moving average at 1.0866 (resistance), the 50-day moving average at 1.0863 (resistance) and a swing low at 1.0712 (Support).

I am totally in your side cause no other option as i see, thank you.

EUR/USD

Trading at 1.084

Trend

Long term - Sell, Medium term - Range/Buy, Short term - Range/Sell

Support

Long term- 1.048, Medium term - 1.048, Short term - 1.06

Resistance

Long term- 1.145, Medium term - 1.104, Short term - 1.1

victoriajensen posted:
 The EUR/USD range continues for yet another day, perhaps the FOMC statement tomorrow will finally end it.

I think it is unlikely that the FOMC will change its policy this soon, but let's see.

All quiet tonight with the exception of the Aussie pairs which have shown some good momentum. EURUSD - as everyone is pointing out - is pretty neutral and that's reflected in all of my stuff as well. Sitting on the sidelines tonight but it seems like a good time to post the first post and load the first chart... You know, when no one is looking.

On yesterday session the EURUSD initially fell but found enough support to turn around and closed well in the green, near the high of the day, in addition closed above previous day high, suggesting a strong bullish momentum.

The pair failed to close again above the 10 and the 50-day moving averages that now are acting as a dynamic resistance.

The key levels to watch are: The previous swing high at 1.0975 (resistance), 10-day moving average at 1.0864 (resistance), the 50-day moving average at 1.0869 (resistance) and a swing low at 1.0712 (Support).

The single currency marked a volatile session against the dollar on Tuesday. Finally session ended in favor of the euro. If bullish sentiment intensify, the resistance at 1.0917 will be soon overcome. Tuesday session started at a price of 1.0848 and closed 21 pips higher. Tip of the day was reached at 1.0873, and the bottom was hit 55 pips below.

csc2009 posted:

victoriajensen posted:
 The EUR/USD range continues for yet another day, perhaps the FOMC statement tomorrow will finally end it.

I think it is unlikely that the FOMC will change its policy this soon, but let's see.

I agree with that 100%. I just don't see them changing their tone this close to the first bump.

Bullish move into FOMC,continuation of rate hikes otherwise faith in Janet Yellen and her policy will fade.

EUR/USD once again bounced off the resistance at 1.0900 and is currently moving to the downside. Its immediate target is around 1.0850.

EUR/USD tried to escape the 100 pip range and break above resistance level 1.0900 and rebounded again to remain inside the sideways range which is now for more than 2 weeks.

34 mins to the highlight of the day,I expect a bullish move after the event as we have moved lower till now.Some support at 865 but will it be strong enough.

The EUR/USD heading to the daily resistance at 1.0946 after the weak US data.

EUR/USD did not make significant movement yesterday. Commercial bias remains bullish in nearest term for testing 1.0970.