EUR/USD

After starting the week with moderate growth, the euro erased gains during yesterday's session. The single currency was trading at 1.1142 at the end of a session and dropped with 46 pips, as the intraday low was reached at 1.1131. Technically the sentiment remains negative, but it’s not excluded a test of the psychological level at 1.1105. Support is located at 1.1105 and resistance is seen at 1.1235.

EUR/USD is still testing the support at 1.1130 and the sideways consolidation might continue until the announcement of the US Non-Farm Payrolls on Friday.

During the early trading hours EUR/USD was hovering around 1.1130 level, but later on the solid ADP employment report pushed the pair higher to currently trade at 1.1163.

FXWES posted:
During the early trading hours EUR/USD was hovering around 1.1130 level, but later on the solid ADP employment report pushed the pair higher to currently trade at 1.1163.

I find it hard to see a 'solid ADP report' (US), 'pushing' the EUR higher. It was probably not related to the report.. What do you think?

Yesterday the EURUSD initially fell but found enough support at the 50-day moving average to trim all its losses and closed near the high of the day, although 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 and the 200-day moving averages that are acting as a dynamic resistance and is trading above the 50-day moving average that is acting as dynamic support.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1236 (resistance), the 200-day moving average at 1.1170 (resistance), the 50-day moving average at 1.1135 (support) and a daily support at 1.1097.

The single currency recovered some of the losses during yesterday's session, adding 15 pips to 1.1157 after trading within the extreme values of 1.1165 and 1.1122. For the week, however, the EUR/USD pair remains at a loss, marking third consecutive month of wavering. In August, the euro fell less than 0.2 %. Meanwhile, the outlook remains negative. The price could not overcome the psychological support level at 1.1100.

EUR/USD is pressured by the USD bulls. At the same time, EUR bulls are trying to hold it above key support at 1.1120. The pair is now 1.11485 and might start to consolidate ahead of key report tomorrow. The NFP and jobs report will create volatility and probably give direction to where the pair might go.

EUR/USD has formed a double bottom above the support at 1.1130 as well as an impressive hammer candlestick on the four-hour time-frame above the same level. The pair is likely to move to the upside at least until tomorrow's fundamentals come out.

victoriajensen posted:
 EUR/USD has formed a double bottom above the support at 1.1130 as well as an impressive hammer candlestick on the four-hour time-frame above the same level. The pair is likely to move to the upside at least until tomorrow's fundamentals come out.

I am of the impression that so much weight has been put on tomorrow's NFP that the Technical Analysis is on hold until then.. :(

Veltro14 posted:

victoriajensen posted:
 EUR/USD has formed a double bottom above the support at 1.1130 as well as an impressive hammer candlestick on the four-hour time-frame above the same level. The pair is likely to move to the upside at least until tomorrow's fundamentals come out.

I am of the impression that so much weight has been put on tomorrow's NFP that the Technical Analysis is on hold until then.. :(

..and then again.. with a little help of the ISM Victoria nails it again.. :)

ISM manufacturing report surprised with poor numbers and pushed the single currency to highest level for the last three days and marked an intraday high at $1.12.

The EUR/USD is trading higher since yesterday evening, The pair reached a bit above 1.12 and is now 1.1196. The pair is consolidating before the key report scheduled for later today.

The euro rose against the dollar on Thursday. By the close of the American session, EUR/USD was trading at 1.1197, gaining 0.36%.
I believe that the support is now located at the level of 1.1121, Wednesday's low and resistance will be at the level of 1.1208 - Monday's high.

Yesterday the EURUSD initially fell but yet again found enough support at the 50-day moving average to trim all its losses and closed near the high of the day, in addition managed to close above the previous day high, which suggests a strong bullish 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 200-day moving averages that are acting as dynamic support.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1224 (resistance), the 200-day moving average at 1.1172 (resistance), the 50-day moving average at 1.1135 (support) and a daily support at 1.1097.

Key levels to watch for:
Support: 1.1105; 1.1045; 1.0955;
Resistance: 1.1235; 1.1355; 1.1445.

EUR/USD showed strongest performance for the the three weeks. The euro added around 40 pips to closing price of 1.1196. Anyway breaking 1.1235 would confirm the dominance of the bulls. Support is een at 1.1105 and resistance is located at 1.1235.

EUR/USD found some resistance at 1.1210 which coincides with (MA)89 on the four-hour time-frame and moved to the downside after forming a doji candlestick on the same time-frame. Whether it will continue falling depends on the fundamentals coming out today.

Not only did the NFP disappoint (which the August numbers usually do), but Average Weekly Hours feel too. Time to (sadly) write off a September rate hike.

Unexpected disappointing NFP led EUR/USD to 1,1250, but the pair returned back to 1,1200 area.