K.I.S.S analysis EUR/USD

[csc2009]

Eur/Usd is ranging between 1.1400-1.1500 level, the pair has dropped sharply from near 1.15 handle, immediate support can be seen at 1.1425 which is today's low, break below would expose to the psychological support level of 1.14.

 

[Abdul2012]

The EUR/USD fell by the end of day and bounce around the 1.1400 level, most probably it will climb again tomorrow to test the 1.1500 again.

 

[Sherif Fares]

EUR/USD lost the bullish trend on the 4 hours chart an engulfing pattern and a sudden drop to below the support of 1.1400.

 

[fxstrategist]

Eurusd

Good pullback on the EURUSD from the 1.1500 zone to the 1.1400, price may try consolidate at current levels until tomorrow's consumer confidence data.

 

[Bumer]

EURUSD formed a negative outside day after a failure to move above the 1,15 level. We have now 1,1510 – 1,1350 the levels to follow in the coming hours. A closing below the support could cause a return toward the 200 days line, now found at 1,1136!!
The indicators of the daily chart are still well positive for now but those of the s/t charts turned all below the line suggesting further consolidation/ correction with the 200 hours line at 1,1339 the possible and probable attraction. The drop already started forming bullish divergences in the hourly chart signaling a possible change of the tone.
I prefer waiting for a possible extension of the correction to buy but only close to the support line at 1,1275, therefore below the 200 hours line!!

 

[FX WES]

The euro recorded a decrease against the dollar on Thursday. Thus, the single currency lost the accumulated profits from the previous session. If negative direction continuewe may expect soon break of support at 1.1171.The session on Thursday started at 1.1472 and the bullish trend prevailed from the start. Bottom of the day was hit at 1.1363, and the session ended at 1.1382.

 

[honeill]

Yesterday the EURUSD plunged with a wide range and closed in the red near the low of the day, creating a bearish engulfing pattern.

The key levels to watch are 1.1460 (Resistance), the 10-day moving average at 1.1345 (support) and 1.1237 (support).

 

[csc2009]

It seems support level 1.1300 is back in sight, on the upside 1.1400 handle still act as the immediate resistance.

 

[Abdul2012]

The EUR/USD kept today under the 1.1400 level moving in a tight rang. Hope we can see better performance for the pair next week.

 

[victoriajensen]

I think that next week we can expect EUR/USD to rise again, since it formed a doji candlestick above the resistance at 1.1330 on the four-hour filter chart.

 

[Sherif Fares]

I think that next week we can expect EUR/USD to rise again, since it formed a doji candlestick above the resistance at 1.1330 on the four-hour filter chart.

Still EUR/USD need to test 1.1400 again.

 

[fxstrategist]

Eurusd

All the uncertainty around the US fundamentals have kept the EURUSD bouncing around. Now it has consolidated below the 1.1400 level, but watch that for next week it could go back above it.

 

[FX WES]

The single currency recorded a second consecutive negative session against the dollar on Friday, depreciating by nearly 30 pips to 1.1353. The daily extremes were reached respectively at 1.1394 and 1.1334. For the week the currency pair remained without significant change, after failing to overcome the psychological barrier at 1.1500. For the moment, the pair continues to trade above the upward moving averages, but the relative strength index suggests weakness of the bulls. A break of 1.1350 will likely test 1.1315.

 

[honeill]

On Friday session the EURUSD fell with a narrow range and close in the red near the low of the day but still above the 10-day moving average.

Last week the European Central Bank (ECB) released comments suggesting that more stimulus was needed to support the weakening Eurozone economy, not a good sign for the EURO.

The key levels to watch are 1.1460 (Resistance), the 10-day moving average at 1.1366 (support), the 50-day moving average at 1.1272 (support) and 1.1237 (support).

 

[csc2009]

Eur/Usd seems on the selling mood again, 1.1300 level is on sight. If break below the psychological level of 1.13, that would mean open the door to 1.12 level.

 

[Sherif Fares]

Another drop on the EUR/USD now price is between support 1.1300 and resistance 1.1350, if price close under support level I will go short.

 

[Abdul2012]

Another drop on the EUR/USD now price is between support 1.1300 and resistance 1.1350, if price close under support level I will go short.

Good idea, i think i will do the same, let us see today.

 

[victoriajensen]

I too think EUR/USD will return to the 1.1200 level because there is a shooting star candlestick below the resistance at 1.1460 on the weekly filter chart and that often means a singificant move to the downside.

 

[FX WES]

The single currency reported a third consecutive day of decline against the US dollar on Monday, alongside expectations of increasing monetary stimulus by the ECB later in the week. The euro depreciated by nearly 30 pips to a closing price of 1.1325. The daily extremes were reached respectively at 1.1378 and 1.1305. A break of yesterday's low will increase the current negative attitudes, as immediate target is the 100-period average at 1.1280.

 

[honeill]

Yesterday the EURUSD opened below the 10-daymoving average and tried to stay above it but quickly failed falling with a wide range also close in the red near the low of the day.

The key levels to watch are 1.1460 (Resistance), the 10-day moving average at 1.1367 (resistance), the 50-day moving average at 1.1271 (support) and 1.1237 (support).