K.I.S.S analysis EUR/USD

[Abdul2012]

The EUR/USD heading to 1.1000 level but the resistance at 1.0900 was not easy to break today. My eyes wide open waiting for the breaking over this resistance.

 

[fxstrategist]

Eurusd

A break above the 1.0900 level could take the EURUSD back close to the 1.1000 level.

 

[flexianalysis]

A break above the 1.0900 level could take the EURUSD back close to the 1.1000 level.

target is 1.1005

 

[FX WES]

The single currency recorded an increase against the dollar on Tuesday. The session started at 1.0836 and ended 54 pips higher. After steady upward movement the price managed to break the first resistance at 1.0854. If the pair justify the positive expectations, the price will continue its upward movement.

 

[deresel]

Support: 1.0854; 1.0676; 1.0548; Resistance: 1.0975;

 

[honeill]

Yesterday the EURUSD rose with a narrow range and close near the high of the day plus above the previous day high, suggesting a strong bullish momentum for today.

Today we should pay attention to the close and a potential close above the 50-day moving average would set the bullish tone for the couple of days.

The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1079 (resistance), the 50-day moving average at 1.00894 (resistance), 1.0900 (resistance) and 1.0819 (support).

 

[csc2009]

The pair continue moving higher above 1.09 level, but lack of significant movement the pair is still within the range between 1.08 and 1.10 before the FED.

 

[victoriajensen]

EUR/USD is still testing the resistance at 1.0980. It's possible it will form a double top here and move to the downside again, or if it breaks above that level it will continue climbing towards 1.1050 - 1.1100.

 

[Sherif Fares]

that was a good rally, from 1.0900 and now price is testing 1.100 I closed my position to be sure and I will wait for an entry over 1.1050.

 

[Abdul2012]

Nice rally indeed today for the EUR/USD, I see that the next level to be tested is the 1.1100 tomorrow.

 

[csc2009]

EUR/USD is still testing the resistance at 1.0980. It's possible it will form a double top here and move to the downside again, or if it breaks above that level it will continue climbing towards 1.1050 - 1.1100.

So far, 1.10 level is still holding, we are looking for next target zone 1.105-1.110.

 

[fxstrategist]

Eurusd

The rally on the EURUSD continues and breaks above the 1.1000 level. New fundamentals should come in for the pair to continue higher.

 

[FX WES]

On Wednesday session the single currency recorded strong growth against the US dollar. The session started at 1.0890 and ended at 1.1024. The daily extremes were 1.0878 and 1.1041. If the upward trend continues, we may expect a test of the first resistance at 1.1106.

 

[honeill]

Yesterday the EURUSD rallied with a wide range and close near the high of the day plus above the previous day high, suggesting a strong bullish momentum.

The pair closed above the above the 50-day moving average on a strong move but a second close would show a confirmation of the phase change, going from bearish to a recovery phase.

The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1081 (resistance), the 50-day moving average at 1.0888 (support), 1.0900 (support) and 1.0819 (support).

 

[victoriajensen]

So far, 1.10 level is still holding, we are looking for next target zone 1.105-1.110.

The pair did almost reach 1.1050 and bounced off that resistance. I think the move to the downside will continue at least until it reaches the next support which is at 1.0910.

 

[Abdul2012]

The EUR/USD fell today after testing the 1.1050 resistance level also the US Retail Sales (Nov) expectations is higher than the last month, so i think that the pair will continue the decline.

 

[Sherif Fares]

The pair did almost reach 1.1050 and bounced off that resistance. I think the move to the downside will continue at least until it reaches the next support which is at 1.0910.

I agree with you most probably the price will continue dropping till support line.The only two possible rebound points which can stop the price I see are 1.0900 and 1.0870.

 

[csc2009]

Eur/Usd is adding selling pressure ahead of the upcoming FED meeting next week. The pair has been just turned down by 1.0950 level, immediate support around 1.0920 and follow by 1.0900, 1.0880.

 

[FX WES]

On Thursday, the euro recorded a decrease against the US dollar. The session started at 1.1024, but afterwards followed downtrend and the pair ended at 1.0939. The graphics continue to develop above the moving averages, while the index of relative strength remained at neutral territory. If the pair meet negative expectations, as expected, the downward trend will continue.

 

[victoriajensen]

EUR/USD failed to break above 1.1040 again and I doubt it will succeed in doing that before the market closes today. Either way, all eyes will be on FED next week waiting for their rate decision announcement and until then nothing is certain.