K.I.S.S analysis EUR/USD

[Sherif Fares]

EUR/USD is consolidating around the opening price, tomorrow is the NFP.

 

[csc2009]

The pair is trading sideways and seems capped by the 1.0900 level. NFP plus profit taking, tomorrow will be interesting.

 

[FX WES]

Euro registered a neutral trading against the dollar on Thursday. The single currency kept the lower levels reached in the previous session and the pair continued to trade in a very narrow range. Short-term indicators are in favor of the euro. In this case it can be expected a break of the resistance at 1.0969. Thursday session started at a price of 1.0863 and the ended at 1.0882. The difference between the lowest and highest value for the day was 63 pips.

 

[honeill]

Yesterday the EURUSD initially fell but found enough buying pressure to turn around and closed in the green near the high of the day.

Today is the main event of the week for the pair with the US nonfarm payrolls and the unemployment rate later today, so we may expect some volatility.

The key levels to watch are 1.1097 (Resistance), the 10-day moving average at 1.0958 (resistance), 1.0900 (Resistance,) 1.0819 (support) and 1.0622 (Support).

 

[csc2009]

The pair is trading quietly around 1.087 zone ahead of NFP, we should expect volatility after NFP release.

 

[victoriajensen]

The NFP finally pushed the pair below 1.0800. I think we can expect EUR/USD to keep falling at least until it reaches the previous lows at 1.0520 and 1.0462.

 

[Sherif Fares]

EUR/USD is dropping again, breaking the low of July 1.0810 next level is low of April at 1.0665.

 

[Abdul2012]

The EUR/USD rebound from the support level at 1.0710 after the NFP. But next week we will have another story to follow up.

 

[fxstrategist]

Eurusd

There could be a bearish continuation on the Euro versus the Dollar and a visit to the 1.0700 level is possible.

 

[honeill]

On Friday session the EURUSD plunged with a wide range and closed well in the red near the low of the day.

The pair breached below a daily support signaling that the bears are in control and the price may continue the downward trend although we may see a pullback before another push downward.

The key levels to watch are the 1.0900 (Resistance), the 10-day moving average at 1.0898 (resistance) 1.0819 (support), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

 

[FX WES]

Euro registered fifth negative against the dollar on Friday and thus the price reached six-month low. The single currency depreciated by 140 pips to 1.0743 after the good data on the labor market in the US dollar supported and strengthened speculation about raising interest rates in December. EUR/ USD found support at 1.0708, but the outlook remains negative. Possible correction of the downward trend in the short term may resume bears interest.

 

[csc2009]

The likelihood of the Fed will raise interest rates in December is the main source of downside pressure on Eur/Usd. Break below 1.0706, would wide open the door to the next psychological level at 1.06.

 

[victoriajensen]

After that incredible drop last week it's normal to see some retracement for EUR/USD. The pair has currently found some resistance at 1.0780 but if it breaks above that level it will probably reach 1.0820.

 

[Abdul2012]

Lazy Monday for the EUR/USD today, I think that i will wait the US retail Sales this Friday.

 

[Sherif Fares]

Not much of movement on the EUR/USD today, after last week's drop it was expected.

 

[fxstrategist]

The EURUSD stays consolidated between Friday's low around the 1.0704 and the 1.0800 level. From here the price may go in any direction, but the bearish trend is still in place.

 

[FX WES]

Today the euro started with depreciation against the dollar. The single currency depreciated to 1.0736 and headed to Friday's bottom at 1.0705.

 

[honeill]

Yesterday the EURUSD initially rose but found enough selling pressure to give some of its gains back to the market and closed in the green in the middle of the daily range.

Yesterday the pair made an inside day due to its narrow range providing a clue that is entering in consolidation mode.

The key levels to watch are the 1.0900 (Resistance), the 10-day moving average at 1.0873 (resistance) 1.0819 (support), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

 

[csc2009]

While Eur/Usd down momentum is still strong, the pair found its range near 1.0730 and break below 1.0706 would lead to psychological level at 1.0600.

 

[victoriajensen]

It's retracing now because there's a very strong support visible on the weekly time-frame, but once the retracement ends EUR/USD will likely fall towards 1.0600. With the bearish trend still valid, it will probably fall lower than that - towards 1.0520 at the very least.