K.I.S.S analysis EUR/USD

[Abdul2012]

The EUR/USD recorded new low at 1.0675 after 7 months, the trend strongly down as i see no thing positive in the eurozone to pull the pair up again.

 

[Sherif Fares]

I dont see still an opening for a position for EUR/USD, the pair is trading in tight range after friday's spike and yet no signal on the daily or 4 hour chart for entry point.

 

[honeill]

Yesterday the EURUSD fell but found enough buying pressure to trim some of the losses and closed in the red in the middle of the daily range.

Yesterday the pair breach below a Fibonacci extension at 1.0703 but without any follow thru suggesting a continuation of the consolidation mode.

The key levels to watch are the 1.0900 (Resistance), the 10-day moving average at 1.0843 (resistance) 1.0819 (support), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

 

[FX WES]

The single currency resumed the downward direction on Tuesday and lost 27 pips against the dollar to a closing price of 1.0723. The pair recorded nearly seven-month bottom during the session at 1.0675, while the highest point was reached at 1.0763. The graphics continues to develop under downward moving averages and the relative strength index remains in favor of the bears. A break of yesterday's bottom will create a possibility for an extended downturn.

 

[victoriajensen]

EUR/USD formed a shooting star and a hammer candlestick at the resistance at 1.0765 on the four-hour time frame and started moving to the downside. I think the pair will continue falling and will eventually test the support at 1.0670 again.

 

[Sherif Fares]

Until now the overall movement of the EUR/USD for the week is less than 10 pips from last weeks close price.

 

[Abdul2012]

As i expected, the EUR/USD in the same level and 7 pips over the opening now, so let us see what is Yellen's speech gonna do?

 

[csc2009]

Consolidation continues while the pair remain capped by the 1.0700 on the downside and 1.0780 on the upside, with confirmation below 1.0700 could open the door to further downside.

 

[fxstrategist]

Eurusd

The EURUSD is still consolidating between the 1.07 and the 1.08. There could be a pullback to the 1.0800 level.

 

[FX WES]

The single currency recorded a moderate growth against the dollar on Wednesday and was trading at a price of 1.0740 at the end of the session. The daily extremes were reached respectively at 1.0773 and 1.0705. Attitudes remain negative, but a break of levels at 1.0655 will confirm the dominance of the bears.

 

[honeill]

Yesterday the EURUSD rose with a narrow range and closed in the red in the green near the high of the day.

Yesterday the pair touched the Fibonacci extension at 1.0703 but without any follow thru suggesting a continuation of the consolidation mode.

The key levels to watch are the 1.0900 (Resistance), the 10-day moving average at 1.0813 (resistance) 1.0819 (support), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

 

[csc2009]

Despite Draghi hinted that the ECB could take further easing measures in December has put downward pressure on the currency, Eur/Usd once again failed attempt to break below 1.0700 level.

 

[victoriajensen]

Not only did the pair fail to break below 1.0700 but it bounced off the support and reached 1.0807 breaking above the resistance at 1.0780. It's possible it will continue climbing until it reaches the next resistance at 1.0910.

 

[Abdul2012]

The EUR/USD moving on a daily basis between 1.0800 and 1.0700, but i see that the U.S. Retail Sales will pull the pair again to test the 1.0730 support level.

 

[fxstrategist]

Eurusd

100 pip move on the EURUSD from the 1.0700 to the 1.0800, the 1.0800 has been acting as a good resistance, but the bearish trend is still in place.

 

[Sherif Fares]

Not only did the pair fail to break below 1.0700 but it bounced off the support and reached 1.0807 breaking above the resistance at 1.0780. It's possible it will continue climbing until it reaches the next resistance at 1.0910.

I agree with you, but still there is another resistance level 1.0860 which will not be easy to break I will put my entry level above this level.

 

[FX WES]

The single currency recovered significant positions during yesterday's session and is on way to record a first positive week from the last five. The euro rose by nearly 70 pips to a closing price of 1.0812. The extreme values for the session were recorded at 1.0826 and 1.0691. EUR/USD finally overcame the psychological barrier at 1.0800, as the relative strength index continued to gain positions crossing to positive territory.

 

[honeill]

Yesterday the EURUSD initially fell testing for the 4th time the Fibonacci extension at 1.0703 but quickly recovered and closed in the green near the high of the day, shy below of the 10-day moving average.

The key levels to watch are the 1.0900 (Resistance), 1.0819 (resistance), the 10-day moving average at 1.0797 (resistance), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

 

[csc2009]

The pair remains in the negative territory, broke above 1.08 level shows technical rebound might be in place.

 

[Sherif Fares]

EUR/USD rebounded again to under 1.08 levels EUR/USD can possibly continue dropping but first price need to close under support level 1.0725 which is lowest price since mid April.