K.I.S.S analysis EUR/USD

[Abdul2012]

1.0708 was a strong support level last week, I think that it will be the key level in the next week for the EUR/USD.

 

[victoriajensen]

Range is continuing and will probably last well into the next week. EUR/USD bounced off 1.0715 and we can probably expect it to reach 1.0800 again.

 

[honeill]

On Friday session the EURUSD initially fell with a narrow range, creating an inside day and closed in the red at the middle of the daily range.

The pair failed for the 2nd time to close above the 10-day moving average and continues to consolidate in a tight range from 1.0703 up to 1.0819. A close outside these ranges would suggest the beginning of a trend.

The key levels to watch are the 1.0900 (Resistance), 1.0819 (resistance), the 10-day moving average at 1.0764 (resistance), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

 

[FX WES]

The single currency recorded a decrease against the US dollar on Friday. The session started at 1.0821 and after divergent trading during the day the euro lost 71 pips. The graphics continue to develop under the moving average, while the index of relative strength remained in neutral territory. If the pair continues to move down, it is very likely to try to test the first support at 1.0676.

 

[Sherif Fares]

EUR/USD is testing again 1.0700 price failed to break the support level for the past week.

 

[csc2009]

Eur/Usd has extended its decline and dropped below 1.0700 level, if the bearish trend continues next key target would be at 1.0600 level.

 

[fxstrategist]

Eurusd

The Euro drops below the 1.0700 level versus the Dollar and if tomorrow's inflation numbers out of the US come out better than expected, it may continue falling further.

 

[FX WES]

The single currency continued to lose against the US Dollar on Monday. The euro lost 54 pips at a closing price of 1.0685. The graphics continue to develop under the moving average, while the index of relative strength remained in neutral territory. EUR/ USD keep the downward trend, and for its continuation is needed to break the support at 1.0676.

 

[honeill]

Yesterday the EURUSD fell with a wide range and closed in the red near the low of the day.

Also yesterday the pair closed below the Fibonacci extension 1.0703 that was acting as a strong support and the 10-day moving average continues to push the currency down acting as a strong resistance.

The key levels to watch are the 1.0900 (Resistance), 1.0819 (resistance), the 10-day moving average at 1.0736 (resistance), a Fibonacci extension at 1.0703 (resistance) and 1.0622 (Support).

 

[csc2009]

Bearish tone remains, the pair hovering around 1.066/60 zone. Next psychology support level located at 1.0600 level.

 

[victoriajensen]

1.0600 might prove to be a considerable support for a while but I doubt the move to the downside will end there. It will probably reach 1.0520 in the foreseeable future.

 

[Sherif Fares]

EUR/USD continue to drop, now the way is open till April low 1.0565.

 

[FX WES]

The single currency continued to lose against the US Dollar on Tuesday. The pair opened at a price of 1.0685 after steady downtrend during the session and ultimately closed at a rate of 1.0640. The pair managed to break through the first support at 1.0676. If EUR/USD justify the negative expectations, support at 1.0548 will be broken.

 

[honeill]

Yesterday the EURUSD fell with a narrow range and closed in the red near the low of the day, shy above the 1.0622 daily support.

Looks like the downside momentum is losing strength and we might see a pullback in the short-term, before another downward move.

The key levels to watch are the 1.0900 (Resistance), 1.0819 (resistance), the 10-day moving average at 1.0729 (resistance), a Fibonacci extension at 1.0703 (resistance) and 1.0622 (Support).

 

[deresel]

It raised a bit today for some correction, but the downtrend is really strong.

 

[csc2009]

The upside momentum of the pair has now seemed run out of fuel, upside capped by near 1.0690/0700 zone. On the downside, psychological support level is still located at 1.0600.

 

[victoriajensen]

The upside momentum of the pair has now seemed run out of fuel, upside capped by near 1.0690/0700 zone. On the downside, psychological support level is still located at 1.0600.

It will have to break below 1.0630 before it reaches 1.0600.

 

[Sherif Fares]

EUR/USD is trading around the opening price, inverted hammer is forming on the daily chart.

 

[FX WES]

On Wednesday session the single currency recorded a light increase against the US dollar.The pair opened at a price of 1.0640 and after a volatile session closed at a rate of 1.0658. Daily extreme values were reached respectively at 1.0617 and 1.0692. The positive outlook still prevails, but for further gains is needed breakthrough of 1.0676.

 

[honeill]

Yesterday the EURUSD went back and forward with a wide range, creating an outside day but managed to close in the green in the middle of the daily range.

According to the US Federal Reserve (Fed) policymakers latest meeting, a potential increase of the interest rate is on the table for the next Fed meeting on 16th of December.

The key levels to watch are the 1.0900 (Resistance), 1.0819 (resistance), the 10-day moving average at 1.0721 (resistance), a Fibonacci extension at 1.0703 (resistance) and 1.0622 (Support).