K.I.S.S analysis EUR/USD

EUR/USD is facing first supprot at 1.1814, followed by 1.1710 and 1.1662. Looking to the upside, a break above 1.1905 would enforce bulls towards 1.2069 and higher at 1.2167.
 
EUR/USD bounced off from 1.1820 after finding some support there. The pair will likely consolidate until the fundamentals tomorrow.
 
On yesterday session, the EURUSD initially fell but found enough support at 1.1829 to trim all its losses and managed to close near the high of the day, although the currency pair closed within Wednesday’s range, which suggests being slightly on the bullish 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 resistance at 1.1910, the 10-day moving average at 1.1889 (support), a daily support at 1.1829, and a daily support at 1.1753.
 
Last week the EUR/USD pair did an amazing rally and hit a two year high at 1.2070, but afterwards sharply dropped to 1.19. The greenback sank on Friday after Bloomberg dropped headline that the ECB will probably delay tapering QE beyond September, which is responsible for the rally and thus the expectations of the market participants were poured with cold water.
 
The key support area for next week is locatd at the 1.1790/1.1820 area, while first resistance is seen at 1.1920, next at 1.1960 and higher at 1.2030.70 region.
 
It seems that the week ahead will be very intersting amid the political turmoil today from North Korea and Trump’s response on twitter. From Europe we have ECB monetary policy meeting. Anyway my favourites will be the Swiss Franc and Gold.
 
FX WES said:
It seems that the week ahead will be very intersting amid the political turmoil today from North Korea and Trump’s response on twitter. From Europe we have ECB monetary policy meeting. Anyway my favourites will be the Swiss Franc and Gold.
Click to expand...

Totally, North Korea started weigh in, risk turn to the downside.
 
EUR/USD going up today owing to the NK hydrogen bomb. The NK landmass is connected with the European landmass. Therefore the EUR is going up while USD is going down. The US is not connected to the NK landmass.
 
On the last Friday’s session the EURUSD tried to rally but found enough resistance at 1.1976 to erase all its gains and managed to close near the low of the day, however the currency pair closed within Thursday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair closed 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 1.2041, other daily resistance at 1.1976, a daily support at 1.1910, the 10-day moving average at 1.1908 (support), other daily support at 1.1829 and a daily support at 1.1753.
 
EUR/USD continues consolidating sideways. That said, there is a very impressive shooting star candlestick at 1.2070 on the weekly time-frame, so a new move to the downside is quite likely.
 
On yesterday session, the EURUSD initially rose but found enough selling pressure near the 10-day moving average to trim some of its gains and closed in the middle of the daily range, in addition the currency pair closed within Friday’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 1.2041, other daily resistance at 1.1976, a daily support at 1.1910, the 10-day moving average at 1.1905 (resistance), other daily support at 1.1829 and a daily support at 1.1753
 
During the last two days the bulls calmed down and the EUR/USD pair is seen in conslidation around 1.1890 level. All eyes on ECB today with no positive expecations for the single currency.
 
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 managed to close within Monday’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 1.2041, other daily resistance at 1.1976, a daily resistance at 1.1910, the 10-day moving average at 1.1917 (resistance), other daily support at 1.1829 and a daily support at 1.1753.
 
EUR/USD is still sustained by risk ahead of ECB meeting, but today is seems the pair is gaining upward traction.
 
The pair is stuck in a tight consolidation above 1.1845, but the fundamentals tomorrow will end it. The question is whether the rally will continue or there will finally be a deeper retracement.
 
EUR/USD remains range bounded and is trading around 1.90 mark, as the focus now is set by the anticipation of the ECB moneraty policy desicion.
 
On yesterday session, the EURUSD initially tried to rally but found enough selling pressure to erase most of its gains and close near the low of the day, in addition the currency pair managed to close within Tuesday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair closed shy above the 10-day moving average that should provide dynamic support and continues trading above the 50 and 200-day moving averages that should also 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, the 10-day moving average at 1.1919 (support), other daily support at 1.1829 and a daily support at 1.1753.
 
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