K.I.S.S analysis EUR/USD

EUR/USD was trading in narrow range during today session. In the afternoon the upbeat US data pushed down the pair from the ntraday high, marked at $1.1355 to currently trade at $1.1305.
 
On Tuesday the euro recorded another consecutive volatile session against the US dollar, but finally ended in favor of the US currency. If expectations for further depreciation of the euro justify the pair will test the support at $1.1239.
 
EUR/USD had a down day yesterday that transferred the momentum into today's session. The pair made a low of 1.1287 and has since slightly recovered to currently trade at 1.1301. First bull target is 1.1350.
 
Yesterday the EURUSD initially rose but found enough resistance at the Fibonacci retracement to turn around and closed near the low of the day, although closed within the previous day range, which suggests being slightly on the bearish side of neutral. However the shooting star pattern made yesterday suggests a bearish move today.

The pair is trading well above the 10, 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 1.1269 (support), a daily support at 1.1237, and the 200-day moving average at 1.1158 (support).
 
The move to the downside continues, next target is likely around 1.1230 - 1.1200. The question is whether the pair will continue dropping after the fundamentals on Friday.
 
Eurusd

The EURUSD keeps retracing to the downside, but it could go back up. If it continues falling, the 1.1200 level could act as support.
 
The EUR/USD is trading close to unchanged since yesterday's session. Price is now 1.1272 which is slightly above first support at 1.1260 suggesting that a move to the upside is probable.
 
Yesterday the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.

The pair closed below the 10-day moving average that should act now as a dynamic resistance. The currency pair continues to trade 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 1.1279 (resistance), a daily support at 1.1237, and the 200-day moving average at 1.1160 (support).
 
The euro was down against the US Dollar on Wednesday. By the end of the trading session EUR/USD was traded at 1.1264, shedding 0.37%. I believe that the support is now located at the level of 1.1245, the low of yesterday's trading, and resistance is likely to be at 1.1363 - Friday's high.
 
The single currency marked second consecutive decline against the US dollar on Wednesday. The pair tested the support at 1.1239 and if bearish sentiment continue, it will be broken. The session started at 1.1304 and the euro lost 42 pips. Next support is located at 1.1197. Resistance is seen at 1.1382 and 1.1427.
 
I think that EUR/USD asset will go up.
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Still have my order @ 11237 with upside target 11400 and 11450. I believe we still in a bullish momentum and its just taking out long stops whilst it falls to my order level....

I could do with some pips this week.....make my trading worth while...



Hmmm...will cancel this order now.....Missed opportunity.
 
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.
 
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