K.I.S.S analysis EUR/USD

[victoriajensen]

EUR/USD bounced off from 1.1850 and moved to the downside again. Should the pair break out below 1.1775 the next target is likely at 1.1700.

 

[FX WES]

EUR/USD started today in bearish consolidation mode. Markets are expecting the German prelim release and US reatail sales data to set direction.

 

[honeill]

On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day however the currency pair closed within Friday’s range, which suggests being slightly on the bearish side of neutral.

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

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1780 (resistance), a daily support at 1.1753, a daily support at 1.1460 and other daily support at 1.1556.

 

[EnlightenedJoe]

Closed the large position. It's not really what I want to do but my hand has been forced. The small positions are retained for special ops.

 

[LionelID]

Euro / dollar made a downward correction yesterday, forming a bottom at 1.1769. Expectations are neutral so far, but basically I stay in the Bulls camp and only a clear break back below 1.1650 should break the bullish scenario.

 

[victoriajensen]

EUR/USD tested the support at 1.1690 - 1.1700 once again and although it has bounced off from those levels for now a breakout could lead to another move to the downside towards 1.1650.

 

[FX WES]

The EUR/USD pair is currently trading at 1.1736 backed up with the better than expected US retail sales data. The pair might continue falling in case bulls couldn’t revert back above the 1.1760 handle.

 

[fxstrategist]

Eurusd

The EURUSD bounces again from the 1.1700 level to the upside, but it is consolidating. No clear direction until we see a breakout of the 1.1900 level to the upside or the 1.1700 level to the downside.

 

[honeill]

On yesterday session, the EURUSD initially fell with a wide range but found enough buying pressure to trim some of its losses and closed in the middle of the daily range, in addition the currency pair managed to close below Monday’s low, which suggests a strong bearish momentum.

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

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1770 (resistance), a daily support at 1.1556 and other daily support at 1.1460.

 

[LionelID]

The single currency recorded a decline against the US dollar on Tuesday. The currency pair opened at 1.1778 and the price jumped from support at 1.1700. After all, the euro ended at 1.1733 and the successful overrun on the bottom floor would increase the likelihood of the downward movement to 1.1520.

 

[victoriajensen]

EUR/USD continues consolidating around 1.1700 and that consolidation likely won't end before the major fundamentals a little later today.

 

[FX WES]

EUR/USD fell to a fresh 3-week low at 1.1681 despite the dissappointing US data. However ahead of FOMC minutes the pair bounced and currently is trading at 1.1765. The pair must fight 1.1820 area in order to get sure upward strength.

 

[FX WES]

EUR/USD crossed to above the important barrier at 1.1770 this morning and a clear break of it would generate stronger bullish signal for retest of 1.1910. On the other hand, failing to approach 1.1800 keeps the downside vulnerable for visiting the 1.1680/90 area.

 

[honeill]

On yesterday session, the EURUSD initially fell but found yet again enough buying pressure to erase all of its losses and managed to close near the high of the day, however the currency pair closed within Tuesday’s range, which suggests being slightly on the bullish side of neutral.

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

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1728 (resistance), a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.

 

[FX WES]

EUR/USD peaked today at 1.1789 following the positive momentum after FOMC minutes and the jitters around Trump ‘s advisors , but this seems was not enough for the pair to hold around this level.

 

[csc2009]

Eur/Usd had a quite bumpy ride today and end up stuck around 1.17 level. With not much looking forward to on tomorrow's economic calendar, I'm expecting the pair would continue it's sideway trading.

 

[honeill]

On yesterday session, the EURUSD initially fell but found again enough support to trim some of its loses and managed to close in the middle of the daily range, in addition the currency pair closed within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1767 (resistance), a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.

 

[LionelID]

The single currency recorded a decline against the US dollar on Thursday. The currency pair lost 44 pips at a closing price of 1.1722. Daytime extreme values ​​were reached at 1.1789 and 1.1662 respectively. The couple continues its move in range. Breaking its lower limit at 1.1700 will contribute to negative expectations.

 

[LionelID]

The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1761, gaining 0.32%. I believe that support is now at around 1.1661, Thursday's low, and resistance is likely at 1.1840, Monday's high.

 

[csc2009]

Eur/Usd's correction movement may continue next week since the pair has lost its strength, showing no clear direction. Immeidate resistance around 1.1790/1.1800 zone and downside support can be found around 1.1650/60.