K.I.S.S analysis EUR/USD

Eurusd

A pullback on the EURUSD to the 1.0800 level, but the pair remains weak and it may try to go back to the 1.0700 level.
 
The euro recovered some of the losses against the US dollar on Wednesday. The single currency broke the three-day negative series and gain some advantage over the dollar. The increase was not significant and so the pair still remains far from the level of the first resistance at 1.1003. Short-term expectations remain in favor of the euro. Wednesday session started at a price of 1.0747 and ended only with 32 pips higher. A significant increase was registered at the end of trading when was reached the peak for the day at 1.0798.
 
On yesterday session the EURUSD initially fell but found enough buying pressure to turn around and closed in the green near the high of the day, in addition managed to close within the previous day range, suggesting a week bullish momentum.

The pair closed for the second time below 50-day moving average that is acting as a dynamic resistance.

The key levels to watch are: the 10-day moving average at 1.0864 (resistance), the 1.0819 (resistance), the 50-day moving average at 1.0800 (resistance), a Fibonacci extension at 1.0703 (support) and a daily support at 1.0622.
 
The euro started the 2015 with a break below the psychological level at 1.20. The price rebounded from a 12-year low at 1.0465. In a case of breakthrough below this level, the pair should meet the support at 1.0240 and 1.0090 - low of 07.2002 If the direction of movement reverses, a strong resistance can be expected at 1.1180, 1.1490 and 1.1760.

EURUSD.jpg
 
The EUR/USD broke above the 1.0800 level today and rose to 1.0875 but the 1.0879 resistance level still tough on the pair.
 
Good that I didn't rush into opening a short positions and waited for the break under the support line. I didn't notice the double bottom on the 4 hour chart.
 
EUR/USD is moving to the upside again after it failed to break below the support at 1.0710. The pair will likely reach the resistance at 1.0900, and if it breaks above that level then it will probably climb to 1.1000.
 
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The euro registered a successful session against the dollar on Thursday. The single currency justified the positive expectations and continued its bullish movement, which began on Wednesday. If the bulls keep their intensity, resistance at 1.1003 will be overcome soon. The session started at a price of 1.0779, as bull prevailed. Peak of the day was reached at 1.0939 and session closed with only 10 pips below.
 
On yesterday session the EURUSD rallied with a wide range and closed in the green near the high of the day, in addition managed to close above previous day high, suggesting a strong bullish momentum.

The pair closed above the 10 and 50-day moving average that is acting as a dynamic support.

The key levels to watch are: 200-day moving average at 1.1052 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0870 (support), the 1.0819 (support) and the 50-day moving average at 1.0807 (support).
 
Once again the reaction to the NFP was quite disappointing, at least for me. There was only a whipsaw. EUR/USD reached the support at 1.0800 and bounced off of it. I doubt it will break above 1.1000 before next week.
 
victoriajensen said:
Once again the reaction to the NFP was quite disappointing, at least for me. There was only a whipsaw. EUR/USD reached the support at 1.0800 and bounced off of it. I doubt it will break above 1.1000 before next week.
Click to expand...

I agree let's see if the price will be able to break 1.0914 price might bounce from that level if not and closed over I will wait for entry point over the resistance level.
 
The EUR/USD dropped today to 1.0813 daily resistance level and now moving near the opening point around 1.0900, Is it a sign to testing the 1.1000 this month too?
 
The single currency broke in the two-day winning streak on Friday. The pair scored a positive week, adding nearly 50 pips. Bottom for the period was reached at 1.0710. Short-term attitudes remain positive, technically the pair is likely to test levels at 1.0995.
 
On the last Friday’s session the EURUSD initially fell but found strong support at the 50-day moving average and closed in the green, near the high of the day, in addition managed to close within the previous day range, suggesting that bullish momentum is settling in.

The pair closed above the 10 and 50-day moving averages that continue acting as a dynamic support.

The key levels to watch are: 200-day moving average at 1.1052 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0870 (support), the 1.0819 (support) and the 50-day moving average at 1.0807 (support).
 
EUR/USD reached 1.0968 and failed to break above that resistance. More importantly, the pair has formed a hanging man candlestick on the weekly time-frame right under the resistance at 1.1000. I think we might see a bigger move to the downside, perhaps towards 1.0600 - 1.0550.
 
EUR/USD is still under the resistance levels. price is forming double top on the 4 hours chart, my entry point for short will be under 1.0800.
 
EUR/USD registered a decrease in the beginning of the new week. The euro depreciated by 60 pips against the dollar to a closing price of 1.0858. The session was held within the extremes at 1.0968 and 1.0848. In the short term prospects seem neutral, as immediate targets appear levels at 1.0995 and 1.0805.
 
On yesterday session the EURUSD tried to rally but found enough selling pressure to turn south and closed in the red near the low of the day, in addition managed to close below previous day low, suggesting a strong bearish momentum.

The pair closed below the 10 but above the 50-day moving average that continue acting as a dynamic support.

The key levels to watch are: 200-day moving average at 1.1049 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0861 (support), the 1.0819 (support) and the 50-day moving average at 1.0816 (support).
 
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