K.I.S.S analysis EUR/USD

[honeill]

On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, however 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 although is still trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0787 (resistance), a Fibonacci level at 1.07132 (support), the 50-day moving average at 1.0658 (support), the 10-day moving average at 1.0638 (support) and a daily support at 1.0622.

 

[deresel]

The single currency recorded a modest decline against the US dollar on Wednesday. After a volatile session, the euro lost only 18 pips at a closing price of 1.0710. Graphics continued to grow above the MA, while the relative strength index remained neutral. If the direction of the movement goes down, the pair will move to the first support at 1.0550.

 

[deresel]

Key levels to watch for:
Support: 1.0550; 1,0370;
Resistance: 1.0815; 1.0980;

 

[victoriajensen]

EUR/USD continues moving to the upside and it is about to test the resistance at 1.0780 again. The question is whether it will break out above that level and continue rising towards 1.0830 - 1.0850 or form a double top and bounce off from that resistance.

 

[FX WES]

EUR/USD experienced difficult time to resume to bullish mode. The pair moved higher today and marked daily high at 1.0778, but later on retreated to currently trade at 1.07230. Strong resistance is the psychologycal level at 1.0800. To the downside, fist support is seen at 1.0710 and lower at 1.0640.

 

[honeill]

On yesterday session, the EURUSD initially rallied with a wide range but found enough selling pressure near the 200-day moving average to give back most of its gains to the market and close near the low of the day, however the currency pair closed within Wednesdays 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 although is still trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0785 (resistance), a Fibonacci level at 1.07132 (support), the 50-day moving average at 1.0661 (support), the 10-day moving average at 1.0650 (support) and a daily support at 1.0622.

 

[victoriajensen]

EUR/USD formed a double top at 1.0780 on the one-hour time-frame and bounced off from that level. What is more, the pair has also formed a great shooting star candlestick on the daily time-frame. The closest target is 1.0670, but it will likely continue falling below that level.

 

[FX WES]

EUR/USD pushed slightly higher today and posted second weekly gain. To the upside the pair is facing strong resistance at 1.0800, while first support it seen at 1.0675 and lower at 1.0630.

 

[FX WES]

The euro closed the week higher against the US dollar, but from a fundamental viewpoint Monday opening will be highly dependant on the results of the French Presidential election.

 

[idimitrov]

The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.0726, gaining 0.08%. I believe that support is now at around 1.0600, Monday's low, and resistance is likely at 1.0780, Thursday's high.

 

[arigoldman]

EUR/USD appears to be hesitating around the 1.06 level. Interesting to see how the week develops. I'm expecting a move up.

 

[csc2009]

A huge gap up, Eur/Usd has skyrocketed above 1.09 level, even though it has dropped back to 1.087, but the gap still intact, focus stay on second round French election.

 

[FX WES]

EUR/USD opened with bullish gap and climbed to a 5-month peak at 1.0939, but retreatred lower to currently trade at 1.0851. Resistance is seen at 1.0900 and higher at 1.0940. On the flip side first support is located at 1.0770 and lower at 1.0730.

 

[honeill]

On the last Friday’s session the EURUSD initially fell with a narrow range but found enough support near the 10-day moving average to reverse and managed to close near the high of the day, however the currency pair closed within Thursday’s range, which suggests a being slightly on the bullish side of neutral.

The currency pair traded above the 10 and the 50-day moving averages that should provide dynamic support although is still trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: daily resistance 1.0900, other daily resistance at 1.0819, the 200-day moving average at 1.0782 (resistance), a Fibonacci level at 1.07132 (support), the 10-day moving average at 1.0663 (support) and the 50-day moving average at 1.0665 (support).

 

[victoriajensen]

After EUR/USD retraced back to 1.0820, only partially recovering the bullish gap, it formed a hanging man candlestick and a doji candlestick on the four-hour time-frame at 1.0880, so a further move to the downside is possible.

 

[FX WES]

EUR/USD started Tuesday in quite consolidation keeping range around 1.0865 – 1.0870 area. Bulls are gathering poewr for next leg higher, facing tomorrow’s US tax reform plans announcement.

 

[honeill]

On yesterday session, the EURUSD opened with a massive gap up and fell with a wide range but found enough support at 1.0819 to trim half of its losses, closing in the middle of the daily range, in addition the currency pair managed to close above Friday’s high, which suggests a bullish momentum.

The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), the 200-day moving average at 1.0780 (support), a Fibonacci level at 1.07132 (support) and the 10-day moving average at 1.0712 (support).

 

[victoriajensen]

EUR/USD formed a spinning top candlestick on the one-hour time-frame at 1.0900 and there will likely be a move to the downside towards 1.0850 again, but the sideways consolidation continues for now.

 

[FX WES]

In the early Asian session bulls conquered the key resistance at 1.0950. The EUR/USD pair remains underpinned after the French elections and ahead of the expected hawkish hints from ECB today, the bullish tone is seen to be continued.

 

[honeill]

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

The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: daily resistance 1.1097, key level at 1.0970 (resistance), the 200-day moving average at 1.0778 (support), the 10-day moving average at 1.0743 (support) and a Fibonacci level at 1.07132 (support).