EUR/USD

Key levels to watch for:
Support: 1.1239; 1.1197;
Resistance: 1.1382; 1.1427.

EUR/USD is trading steadily slightly above 1.13 in today's early european hours. The pair is anticipating the US data scheduled for later today: US GDP and Fed Chair Janet Yellen's speech.

..from a purely common sense point of view.. I really don't think the pair will go anywhere until Yellen speaks..

Yesterday the EURUSD rose with a narrow range and closed near the high of the day, in addition managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.

The pair is trading below the 10-day moving average that is acting as a dynamic resistance and is trading well above the 50 and the 200-day moving averages that are acting as dynamic supports.

The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1291 (resistance), a daily support at 1.1237, and the 200-day moving average at 1.1163 (support).

On Thursday session the euro broke the negative momentum from the last two sessions and recovered some of its losses against the US dollar. If the upward direction continue,the resistance at 1.1382 will be broken soon. Support is seen at 1.1239 and 1.1197.

The euro rose against the dollar on Friday. By the end of the trading session EUR/USD was traded at 1.1294, gaining 0.11%.
I believe that the support is now located at the level of 1.1242, Wednesday's low and resistance is likely to be at the level of 1.1357 - a maximum of Tuesday.

There's a shooting star candlestick below the resistance at 1.1300, EUR/USD will likely start moving to the downside towards the support at 1.1240 again.

What a bounch, first to 1.1240, then back up to over 1.1330.

Bearish on the Euro.

arigoldman posted:
Bearish on the Euro.

Agree, A small gap has almost recovered, but the risk remains on the downside, immediate support level can be found at 1.1160/70 zone.

The EUR/USD suffered some pull back on Friday but the pair has mildly recovered in today's early opening hours. 1.1175 was the lowest for today and price reached a high of 1.1207. We're at a support so bulls might try to push price higher.

On the last Friday’s session the EURUSD tried to rally but found enough resistance near the 61.8% Fibonacci retracement to give back to the market all of its gains and closed near the low of the day, in addition closed below Thursday’s low, which suggests a strong bearish momentum.
The pair is trading below the 10-day moving average that is acting as a dynamic resistance and is trading above the 50 and the 200-day moving averages that are acting as dynamic supports.

The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1293 (resistance), a daily support at 1.1237, and the 200-day moving average at 1.1165 (support).

EUR/USD dropped significantly after Janet Yellen's speech on Friday and the move to the downside will likely continue. A breakout below 1.1175 will probably lead to a further drop towards 1.1050.

victoriajensen posted:
 EUR/USD dropped significantly after Janet Yellen's speech on Friday and the move to the downside will likely continue. A breakout below 1.1175 will probably lead to a further drop towards 1.1050.

I agree, pressure on the downside remains, the pair next possible target would be at 1.1100 if break below 1.1160/50 support zone.

Yesterday the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition managed to close within Friday’s range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1273 (resistance), a daily support at 1.1237, the 200-day moving average at 1.1168 (support), and the 50-day moving average at 1.1134 (support).

EUR/USD is trading slightly up in today's session after it lost some 200 pips on Friday going from 1.1360 to 1.1155. Price is now 1.1173 and may consolidate until Friday's NFP data.

Eur/Usd is consolidating in a narrow range while risk remains on the downside, critical support level can be seen around 1.1120/10 zone.

EUR/USD is trading to the downside in today's session after failing to break above the resistance on the short-term at 1.12. The pair is now 1.1141 and with the predominantly bullish expectations of the US dollar, the pair might be in for a steady ride South.