K.I.S.S analysis EUR/USD

Eur/Usd on the up side, immediate resistance is seen at 1.1400 level, follow by 1.1460. We may see a pullback before another move upward.
 
The EUR/USD tested the resistance at 1.1392 for the 1st time after 3 weeks today but fell down under it again, let us see if possible to break above that level tomorrow.
 
The euro registered a neutral trade against the dollar on Monday. The pair kept the higher values reached on Friday, while short-term indicators continue to support the positive momentum of the single currency. In this case can be expected breakout of the resistance at 1.1436. The new week started at 1.1361 and the session ended 4 pips below. Peak of the day was reached around noon at 1.1396.
 
Yesterday the EURUSD tried to rally fell but found yet gain enough selling pressure to reverse and close in the red near the low of the day with a narrow range, creating a small shooting star.

The key levels to watch are 1.1460 (Resistance), the 10-day moving average at 1.1286 (support) and 1.1237 (support).
 
Level 1.14 is still holding for now, the pair seems have a pull back before move up. If Eur/Usd break above 1.1400, next resistance can be found at 1.1440.
 
I think EUR/USD might bounce off the resistance at 1.1400, it formed a hanging man candlestick right below that level on the four-hour filter chart.
 
Last edited:
EUR/USD consolidated for the second day in a tight rang, I will waiting for tomorrow and see if there is any clear signs for the trend.
 
Eurusd

The 1.1400 level has proven to be a difficult resistance to break on the EURUSD, but it may get a boost to break it if the Retail Sales from the US come out worse than expected.
 
The euro recorded an increase against the dollar on Tuesday. The single currency justified the short-term expectations and resume the upward move from the end of last week. There is high probability for testing the resistance at 1.1436. Tuesday session started at 1.1357 and the bullish sentiment was most intense in the early hours. As a result, currencies reached a peak for the day at 1.1410. Subsequently followed a correction and the session finished at 1.1378.
 
Yesterday the EURUSD went back and forward with a wide range plus without any clear direction but managed to close in the green at the middle of the daily range.

The key levels to watch are 1.1460 (Resistance), the 10-day moving average at 1.1305 (support) and 1.1237 (support).
 
Eur/Usd has finally moved above 1.1400 level and so far the pair stay above the level, so that brings the next tough resistance handle would be around 1.1440/60.
 
The EUR/USD rose higher today above the 1.1400 level but the 1.1460 resistance level rejected the pair elevation as it was expected, We will see if there are other tries to test that strong resistance tomorrow.
 
The EUR/USD rose higher today above the 1.1400 level but the 1.1460 resistance level rejected the pair elevation as it was expected, We will see if there are other tries to test that strong resistance tomorrow.

It's testing 1.1460 again and I think this time it will manage to break above it. Should it manage to do so it will likely reach 1.1700 - 1.1710.
 
The pair was broken level 1.146. Next target - 1.1700!!! UBS and Barclays sell today at 1.1460 with stop 1.1510. Commerz sell at 1.1460 and have SL at 1.1475)))
 
Eurusd

As it was suspected, the weak US fundamentals have taken the EURUSD above the 1.1400 level, not its next resistance could be the 1.1500 level.
 
The euro marked increase against the dollar on Wednesday. The session was very successful for the single currency, and bulls prevailed from the beginning to the end of trading. As a result, the resistances at 1.1436 and 1.1460 were broken. If the positive momentum continue in the future, currencies will test key level at 1.1559. Wednesday session started at 1.1378 and finished with 95 pips higher. Peak of the day was reached shortly before the end of the trading day, at 1.1478.
 
Yesterday the EURUSD rallied with a wide range and closed in the green near the high of the day, above the 1.1460 resistance.

It could have found some resistance and we may see a pullback before another move upward.

The key levels to watch are 1.1556 (Resistance), 1.1460 (Resistance), the 10-day moving average at 1.1336 (support) and 1.1237 (support).
 
Top