K.I.S.S analysis EUR/USD

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

The currency pair is trading below the 10, 50 and 200-day moving averages all should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, a daily support at 1.0622, the 50-day moving average at 1.0614 (support), the 10-day moving average at 1.0620 (resistance) and a daily support at 1.0462.
 
EUR/USD was indecisive yesterday. Price traded lower earlier this morning, reaching 1.0576. The bias is bearish for testing the 1.0520/00 area, which seems a good place to place long position with tight stop losses. Resistance for the day is 1.0600/20, whose breakthrough could lead price to neutral trading zone for testing important 1.0680 level. On the downside, a clear break and daily close below 1.0520/00 would have to open the door to 1.0400 - 1.0350. Overall I am still neutral.
 
EUR/USD crossed to below the 1.06 mark which now is acting as an intraday resistance. The pair is currently trading at 1.0534 and next bears target is seen at 1.0500 area.
 
The pair has almost reached the previous low at 1.0520. At that level it will likely either form a double bottom and bounce off from it to start another move to the upside, or break below it and continue falling towards 1.0450.
 
EUR/USD continued the downward slope and yesterday tested the key support at 1.0520. The lack of important news this week maintained the sideways course of the pair. But todya we have FOMC minutes and this might set more clear direction for the pair.
 
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Monday’s low, which suggests a strong bearish momentum.

The currency pair is trading below the 10, 50 and 200-day moving averages all should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, a daily resistance at 1.0622, the 50-day moving average at 1.0624 (resistance), the 10-day moving average at 1.0609 (resistance) and a daily support at 1.0462.
 
FX WES said:
EUR/USD continued the downward slope and yesterday tested the key support at 1.0520. The lack of important news this week maintained the sideways course of the pair. But todya we have FOMC minutes and this might set more clear direction for the pair.
Click to expand...

The pair is accelerating its decline, broke down 1.0520 level, testing 1.050/049 zone, next target would be around 1.0450 level.
 
csc2009 said:
The pair is accelerating its decline, broke down 1.0520 level, testing 1.050/049 zone, next target would be around 1.0450 level.
Click to expand...

I agree, it will likely reach 1.0450 - 1.0440. It might even continue moving to the downside towards the previous low at 1.0340.
 
EUR/USD is trading below support in the preopening hours of the European session. The pair is now 1.0522 as it went below the support at 1.0540 yesterday. Euro bulls now have the task to bring the price up from current level which also happens to be a non-validated double bottom on the short-term. If they succeed, then price should be back in the uptrend channel sooner than later.

On the other hand, market participants are taking into consideration the upcoming FOMC minutes later today and that could have a drastic impact on the market, more specifically, the EUR/USD pair.

Until then, market could continue to gravitate towards current levels. Major support rests at 1.0440, while major resistance is located at 1.0720.
 
EUR/USD bounced off the lows yesterday, following the release of FOMC minutes. In the early session today the pair marked a daily high at 1.0572. Minor resistance is seen at 1.0585 and a key one remains the psychological level at 1.0600. The intraday support is located at 1.0500 and lower at 1.0493 (yesterday’s low).
 
On yesterday session, the EURUSD initially fell with a narrow range but found enough buying pressure to trim all its losses and managed to close in the green, near the high of the day, in addition closed within Tuesday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0626 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0600 (resistance) and a daily support at 1.0462.
 
The fundamentals yesterday pushed the pair to the upside and it bounced off from the support at 1.0500. If there is a breakout above 1.0570 the retracement could continue towards 1.0620, which is the (MA)89 indicator on the four-hour time-frame.
 
The EUR/USD pair recovered from Tuesday’s lows but yet is unbale to conquer key levels. In the 4 hour chart tehcnical indicators show limited bullish pressure. The price is lightly above the bearish 20-day SMA, while RSI and momentum are aroud their mid-lines, but has lost upward strength.
 
On yesterday session, the EURUSD initially fell but found enough buying pressure to trim all its losses and closed in the green, near the high of the day, in addition managed to close above Wednesday’s high, which suggests a strong bullish momentum.

The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0629 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0595 (resistance) and a daily support at 1.0462.
 
EUR/USD is relatively higher in today's session. The pair went above 1.06 for a brief moment and is now back below it. Current market price 1.0570.
 
EUR/USD had a relatively uneventful week with price consolidating around 1.05-1.06 levels. The pair is now 1.0578 in a calm and low volume environment.
 
EUR/USD has almost reached the resistance at 1.0620. If it breaks out above that level it will likely continue moving to the upside towards 1.0700.
 
The euro recorded minor increase against the dollar on Thursday. The session was very volatile, but ultimately the single currency was stronger. A break of key levels was not reached, but if the Bulls continue to prevail, the pair will test the resistance at 1.0679.
 
You must log in or register to reply here.

Similar threads

I
GBP/USD Long set up with respected levels
Replies
0
Views
1K
inakocibelli
I
A
EUR/ USD Daily Technical Analysis 3rd August 2012
Replies
3
Views
1K
Amy Forex
A
G
EUR/USD Analysis
Replies
4
Views
2K
bitrader
B
winyoung
AUD/USD Price Analysis
Replies
0
Views
488
winyoung
winyoung
SOLIDECN
Gold Updates by Solid ECN
2
Replies
38
Views
3K
iskanderry
I
Top