K.I.S.S analysis EUR/USD

[FX WES]

EUR/USD is trading close to the one month high, which was marked last week at 1.0782. The sentiment remains bullish in the short-term, but indicators are losing momentum.

 

[victoriajensen]

EUR/USD has formed a shooting star candlestick on the four-hour time-frame at 1.0780 as well as a hanging man candlestick on the weekly time-frame at the same resistance level - both are signals for an impending move to the downside.

 

[honeill]

On yesterday session, the EURUSD tried to rally but found enough selling pressure at 1.0771 to give all of its gains back to the market and closed in the red, near the low of the day, however closed within Friday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0853 (resistance), daily resistance at 1.0819, daily support at 1.0713, the 10-day moving average at 1.0690 (support), the 50-day moving average at 1.0656 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.

 

[victoriajensen]

EUR/USD bounced off from 1.0718 and moved to the upside after forming a doji candlestick at that level on the daily time-frame yesterday. The pair has broken above the previous high at 1.0782 and it's still rising, the closest target is likely at 1.0850.

 

[rosentray]

EUR/USD continues to climb higher in today's session. The price is now trading at 1.0815 in the early minutes of the US session. First resistance can be expected at 1.0826.

 

[FX WES]

EUR/USD made impressive rally and hit a fresh monthly high at 1.0820. There was a slight retreat in the afternoon, but the pair keeps bullish stance, which is confirmed by the technical indicatiors.

 

[honeill]

On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Monday’s high, which suggests a strong bullish momentum.

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0851 (resistance), daily resistance at 1.0819, the 10-day moving average at 1.0714 (support), daily support at 1.0713, the 50-day moving average at 1.0658 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.

 

[deresel]

The euro advanced against dollar. During yesterday's session the single currency gain 70 pips. The dollar is again very hesitant and during the day the pair was completely dominated on bullish sentiment. After opening rate of 1.0736, bottom for the day was recorded during the next hour and reached 1.0719 level. This ended the forces of bears and there was clearly seen the upward bullish trend. The pair recorded its peak level of 1.0818, and a few hours later session ended with exchange rate of 1.0806 dollars per euro. Shortly before lunch ended up the first break of support level 1.0800 was breached.

 

[deresel]

Key levels to watch for:
Support: 1.0800; 1.0660; 1.0550;
Resistance: 1.0950; 1.1120.

 

[victoriajensen]

EUR/USD found some resistance at 1.0820 and after forming a hanging man candlestick on the four-hour time-frame it started mostly consolidating sideways. The move to the upside towards 1.0850 will likely continue.

 

[idimitrov]

Euro/dollar made a move upwards yesterday to peak at 1.0819. The bias remains bullish in nearest term for testing the region 1.0830 - 1.0873, which is a good place for a short position with tight stop loss. Immediate support is seen at 1.0760. A clear break below that area could lead price to neutral trading zone for testing 1.0700. On the upside, a clear break and daily close above 1.0873 will open the door up to 1.0950 - 1.1000.

 

[FX WES]

EUR/USD was seen today hovering around 1.08 handle, but couldn’t move higher than 1.0825. The H1 chart is showing bearish indicators, while on the H4 chart they are keeping the bullish bias. This is to confirm that the pair is entering in corrective mode.

 

[honeill]

On yesterday session, the EURUSD initially rallied but found enough selling pressure at 1.0819 a daily resistance to reverse and closed near the low of the day, although managed to close within Tuesday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0849 (resistance), daily resistance at 1.0819, the 10-day moving average at 1.0726 (support), daily support at 1.0713, the 50-day moving average at 1.0658 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.

 

[idimitrov]

The euro gave a breather to dollar. During the last day the dollar was down 14 pips from the asset of the single currency. The dollar was very hesitant and after numerous punctures of the support level at 1.0800, it managed to close the session at exchange rate of 1.0792 dollars per euro. The opening rate for the day was 1.0806. Shortly before lunch, bears took their bottom level of 1.0792. The answer to the Bulls was not too late and they recorded a high of 1.0824.

 

[rosentray]

EUR/USD is trading slightly lower today after it reached close to 1.0830 earlier this week. The pair is now 1.0775 and it appears that it may continue lower.

 

[FX WES]

EUR/USD retreated from the highs marked this week to currently trade at 1.0780. First support is located at 1.0768 and next at 1.0717. Resistance is seen at 1.0825 and in case if breaking it, the pair might go higher towards 1.0870.

 

[honeill]

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

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0847 (resistance), daily resistance at 1.0819, the 10-day moving average at 1.0736 (support), daily support at 1.0713, the 50-day moving average at 1.0659 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.

 

[rosentray]

EUR/USD is now trading at 1.0807, slightly higher than yesterday's levels. First res: 1.0830, first support: 1.0770.

 

[arigoldman]

EUR/USD is about to register a week with very low trading volumes. Price is 1.0806 and it looks like it's about to keep trading in the range between 1.0800 and 1.0820.

 

[FX WES]

The EUR/USD pair closed higher for a fourth consecutive week, slightly lower but very close to the yearly high of 1.0828 marked in February. On the daily chart RSI and stochastic are printing higher highs and lower lows and both indicators are located withing the overbought region, but keep heading north. The 20-day and 100-day SMA has crosse and currently are showing bullish slope. Strong support is seen at 1.0700 and until holding above it, the game will be played by bulls’ team.