K.I.S.S analysis EUR/USD

Eurusd

Good rally on the EURUSD above the 1.1100 level. The pair may continue towards the 1.1200 level, but in case of a pullback, the 1.1100 zone may act as support.
 
This Wednesday caused risk aversion all over the financial space having in mind that US assets were set under huge pressure amid Trump’s latest scandals. Following this the EUR/USD pair marked fresh new high at 1.1150. It seems that now euro bulls dominate the trend.
 
Dollar continue facing strong selling pressure, Euro is unstoppable. Next psychological level lie at 1.1200 level, on the downside key support level is at 1.1100 level, break below would mean correction movements.
 
On yesterday session, the EURUSD rallied for the third time in a row, but this time with a narrow range and closed near the high of the day, in addition the currency pair managed to close above Tuesday’s high, which suggests a strong bullish momentum.

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

The key levels to watch are: a daily resistance at 1.1237, daily support at 1.1097, previous wing high at 1.1021 (support), a key level at 1.0970 (support) and the 10-day moving average at 1.0962 (support).
 
Euro / dollar continued its upward movement yesterday with a peak of 1.1162, and earlier today hit 1.1171. Expectations remain up for testing at 1.1185 in short terms. A clear break above this level may cause a test of 1.1300 - 1.1350. Intraday support is visible at 1.1120. A clear break below this level could take the price to a neutral zone, but only a clear break back below 1.1020 should break the current strong upward spikes. I'm staying in the bulls camp for now.
 
The euro registered a new successful session against the dollar on Wednesday. The single currency rose for the fourth consecutive day and thus did not meet the expectations of a price correction. As a result, the resistance at 1.1138 was overcomed. If the bulls continue to dominate, the pair will test the level at 1.1206. Wednesday's trading started at 1.1081, and the euro gained 77 pips to the final. The peak of the day was 1.1161.
 
The recent political development in US strengthened the greenback and the EUR/USD pair dropped today and the current market price is 1.1110. Moreover US bulls migth gather additional power with the latest hawkish comments from Cleveland Fed President Mester.
 
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, however managed to close within Wednesday’s range, which suggests being slightly on the bearish side of neutral.

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

The key levels to watch are: a daily resistance at 1.1237, daily support at 1.1097, previous wing high at 1.1021 (support), the 10-day moving average at 1.0971 (support) and a key level at 1.0970 (support).
 
EUR/USD reached its target at 1.1200 and it is likely it will break out above that level before the market closes today. Next week it will probably continue rising towards 1.1300.
 
The EUR/USD pair marked fresh new yearly high today but still is below 1.1200. Tehcnical indicators support the euro bulls in the short-term so this level might be conquered soon and next target is seen at 1.1210.
 
The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1,1206, gaining 0.93%. I believe that support is now at around 1.0920, Monday's low, and resistance is likely at 1.1212, the high of Friday's trading.
 
arigoldman said:
EUR/USD had a good week going above 1.12, interesting to see how the next develops.
Click to expand...

Political uncertainty will probably keep dollar continuing under pressure, we have German data next week, strong number will result further gains in Euro.
 
On the last Friday’s session the EURUSD rallied with a wide range but and closed near the high of the day, in addition the currency pair managed to close above Thursday’s high, which suggests a strong bullish momentum.

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

The key levels to watch are: a daily resistance at 1.1237, a daily support at 1.1097, the 10-day moving average at 1.1061 (support), previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
 
After a very brief retracement today that reached a low at 1.1160 EUR/USD finally decisively broke out above the resistance at 1.1200 and formed a new high at 1.1245. The move to the upside will likely continue at least to 1.1300, and a breakout above that level could lead to a further move north to 1.1360.
 
Last edited:
The EUR/USD pair marked today new fresh yearly high at 1.1262, but pulled back and the current market price is 1.1230. Indicators suggest bullish trend to continue, but some exhaustion is seen.
 
The EUR/USD is trading around 1.1250 this morning. In case of breaking 1.1284, next bulls target is seen at 1.1366 and higher at 1.1400 level. On the other side, a break below 1.1200 will open doors for testting March’s high at 1.0906.
 
On yesterday session, the EURUSD initially fell but found enough buying pressure to trim all its losses and closed near the high of the day, in addition the currency pair managed to close above Friday’s high, which suggests a strong bullish momentum.

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

The key levels to watch are: a Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1107 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
 
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