K.I.S.S analysis EUR/USD

[victoriajensen]

The pair will most likely reach 1.0900 and perhaps even break below that level, but the end of the correction and the continuation of the bearish trend will be confirmed after it breaks below 1.0460.

 

[Sherif Fares]

EUR/USD is testing 2 months low support level 1.100 next level will be 1.0800

 

[Abdul2012]

Another bad day for the Euro against the US dollar, 1.1000 tested but stay hard on the pair. Breaking below it will confirm more decline.

 

[FX WES]

The single currency recorded a decline against the dollar on Friday. The session started at 1.1107 and ended 96 pips lower. The graphics continued to develop under the moving averages, while the index of relative strength remained in the oversold area. For now, the bears are leading, but the ongoing movement will need a break of the first resistance.

 

[honeill]

On Friday session the EURUSD fell with a narrow range and close in the red near the low of the day breaking thru the 200-day moving average like a knife in butter on a summer day.

After Friday strong downward move, we may expect today a small pullback to the 200-day moving average before another push downward.

The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1076 (resistance) and 1.0900 (support).

 

[victoriajensen]

EUR/USD bounced off the support at 1.1000 today and consolidation continued. I doubt it will manage to break below that level before the FOMC rate decision announcement on Wednesday.

 

[Abdul2012]

EUR/USD recovered little bit today around 60 pip but the market still low and consolidate,let us see what is the pair going to act tomorrow.

 

[csc2009]

EUR/USD recovered little bit today around 60 pip but the market still low and consolidate,let us see what is the pair going to act tomorrow.

Keep in mind, some say that statistically 4th week of October is the slowest trading week in a year.

 

[Sherif Fares]

The market is so calm before Wednesday's FOMC statement.

 

[fxstrategist]

Let’s see how low it keeps going.

 

[FX WES]

The single currency recorded a modest increase against the dollar on Monday. The session started at 1.1007 and ended 45 pips higher. Daily extreme values were recorded respectively at 1.1003 and 1.1067. The graphics continued to develop under the moving average. On the upside, break of 1.1080 will move the pair to the resistance at 1.1180.

 

[honeill]

Yesterday the EURUSD rose with a narrow range and closed in the green near the high of the day, shy below the 200-day moving average.

The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1076 (resistance) and 1.0900 (support).

 

[Bumer]

The pair formed a small positive day reversal after a brief 1,0990 undershooting; only a daily closing tonight above 1,1070 will confirm a s/t bottom supporting a higher retracement!!
The indicators of the daily chart are still well negative for now while those of the s/t charts are instead still showing a mixed picture also this morning suggesting further consolidation/ correction. Bullish divergences are still supporting a negative tone; however based on the price action since Friday, before moving lower we may see a higher retracement with the 200 hours line, found only at 1,1252, the possible attraction. It already confirmed a test just below 1,1080 as expected yesterday but I feel there is more s/t upside potential.

 

[Sherif Fares]

EUR/USD is trading in a tight range since the beginning of the week. Only a break under 1.1000 will give me a signal to go short.

 

[Abdul2012]

Was not a good day for the EUR/USD, No accurate signal that the pair will break below 1.0900 support today.

 

[Bumer]

EURUSD failed last night to confirm the previous days’ positive day reversal suggesting further weakness, especially while below the 200 days line, now found at 1,1115!!
The indicators of the daily chart are still well negative for now while those of the s/t charts are instead still showing a mixed picture suggesting further consolidation/ correction. Further bullish divergences are still supporting a negative tone. Still only an hourly closing above 1,1080 will postpone further weakness favoring a higher retracement with the 200 hours line at 1,1209 the possible attraction!!
A break below 1,1000 will instead resume the decline suggesting a s/t target at 1,0802!!
I stay on the sideline for now and waiting the FOMC meetings’ report.

 

[FX WES]

The single currency recorded a modest decline on Tuesday. The session started at 1.1052 and finished only 6 pips lower. Tip of the day was recorded at 1.1077 but overall the upward movement was hampered by the failure to overcome resistance at 1.1080. In the case that the direction of movement continue to move up, we can expect another attempt to test the first resistance.

 

[honeill]

Yesterday the EURUSD initially rallied but found enough resistance at the 200-day moving average to reverse and closed in the red near the low of the day with a narrow range.

Today is the main event of the week for the pair with the Fed Monetary policy statement and press conference later today, so we may expect some volatility.

The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1078 (resistance) and 1.0900 (support).

 

[Dagerban]

I can see an excellent entrance to the EUR/USD market after passing the 1.1020 level. The price will go down.

 

[victoriajensen]

It seems EUR/USD is headed for the resistance at 1.1090 - 1.1100 but that is a temporary move before the FOMC statement later today.