K.I.S.S analysis EUR/USD

On the last Friday’s session the EURUSD rose with a narrow range and closed near the high of the day, however the currency pair managed to close within Thursday’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 1.1768 (resistance), a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.
 
In the Friday session, the single currency returned 40 pips to the US dollar. The currency pair opened the session at 1.1722 and at the end of the day one euro was exchanged for 1.1762 US dollars. Daytime extreme values ​​were reached at 1.1707 and 1.1773 respectively. The couple continues to move in range.
 
The EUR/USD pair moved higher today and marked a weekly high at 1.1827 backed up by the weak US dollar and the lack of important fundamental news. Bulls are aiming higher in the short term. Immediate resistance is seen at 1.1845 and in case of breaking it, next target is seen at 1.1880.
 
A positive data on the ZEW survey today may support the euro bulls and send the EUR/USD pair back above 1.18. In case of disapointing results, the price will continue to correct lower around 1.1750 area.
 
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 Friday’s high, which suggests a strong bullish momentum.

The currency pair closed above the 10-day moving average that should provide dynamic support and is 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 1.1773 (support), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.
 
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.
 
The German ZEW servey today showed that the business sentiment has dropped beyond the expectations, which influenced the EUR/USD pair and it fell down to 1.1744. The short term outlook is neutral according to the technical readings on the four-hour time frame.
 
On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, however the currency pair managed to close within Monday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair closed shy 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 1.1769 (resistance), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.
 
On Tuesday, the single currency lost 53 pips against the US dollar. The day was dominated by the bearish players, because once the day was opened at 1.1814, the bulls recorded a peak at only 9 pips higher. For bears, the best level they achieved during the session was 1.1744. At the end of the day one euro was selling for 1.1761 dollars.
 
EUR/USD has formed a shooting star candlestick and a pair of hanging man candlesticks on the weekly time-frame, all below the resistance at 1.1910. Although the consolidation continues for now those candlesticks are a telling signal there could be an impending move to the downside.
 
On yesterday session, the EURUSD rose on the back of a narrow range but with a wide spread 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 closed above the 10-day moving average that should provide dynamic support 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 1.1770 (support), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.
 
EUR/USD is hovering around the 1.18 handle today amid the light macro calendar. Tomorrow’s speeches of Mario Draghi and Janet Yellen will set more clear direction for the pair.
 
The EUR/USD consolidation is getting tighter with each passing hour, tomorrow there will likely be a breakout and a significant movement depending on the fundamentals.
 
On yesterday session, the EURUSD went back and forward without any clear direction and closed 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 made a narrow spread candle with high volume which is an anomaly and not a good sign for bulls.

The currency pair traded above the 10-day moving average that should provide dynamic support 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 1.1771 (support), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.
 
The fundamentals today pushed EUR/USD to the upside and the pair will likely test the previous high at 1.1910. A breakout above that level will probably lead to a further rally towards 1.2000.
 
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