K.I.S.S analysis EUR/USD

EUR/USD extended the rally on post-Yellen gains and jumped to a fresh 20-month high at 1.1912 after Draghi’s speech. Now the major resistance at 1.20 is a great challenge for euro bulls.
 
After weeks consolidation, the pair had a break out, small gap up. The pair has found resistance level around 1.1960.
 
On the last Friday’s session the EURUSD rallied with a wide range plus wide spread and closed near the high of the day, in addition the currency pair managed to close above Thursday’s range, which suggests a strong bullish momentum.

The currency pair continues 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 1.2041, other daily resistance at 1.1976, a daily support at 1.1910, other daily support at 1.1829, the 10-day moving average at 1.1822 (support), and a daily support at 1.1753.
 
EUR/USD is testing the last high at 1.1960. Unless the pair forms a double top and starts falling, it will likely reach 1.2000, maybe even break out above that level.
 
On yesterday session, the EURUSD initially fell but found enough support near the Fridays close to erase 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 continues 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 1.2115, other daily resistance at 1.2041, a daily support at 1.1910, the 10-day moving average at 1.1860 (support), a daily support at 1.1829, and a daily support at 1.1753.
 
EUR/USD broke out above 1.2000 with ease and reached a new high at 1.2070 before bouncing off from that level. If the pair breaks out above that resistance next target is likely at 1.2100.
 
EUR/USD continues retracing after bouncing off from 1.2070. What is more, the pair has formed a shooting star candlestick on the daily time-frame at that level, which is a signal for a further move to the downside, likely towards 1.1830 - 1.1800.
 
On yesterday session, the EURUSD initially rallied but found enough resistance at 1.2041 to erase all its gains 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 continues 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 1.2115, other daily resistance at 1.2041, a daily support at 1.1910, the 10-day moving average at 1.1867 (support), a daily support at 1.1829, and a daily support at 1.1753.
 
On yesterday session, the EURUSD dived with a wide range plus with a wide spread and managed to close near the low of the day, in addition the currency pair managed to close below Tuesday’s low, which suggests a strong bearish momentum.

The currency pair continues 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 1.2115, other daily resistance at 1.2041, a daily support at 1.1910, the 10-day moving average at 1.1878 (support), a daily support at 1.1829, and a daily support at 1.1753.
 
After having crazy two days, the EUR/USD is going to calm down today and awating for the next catalyst. Today the macro agenta is not offering much, but Friday we have the NFP from USA.
 
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