K.I.S.S analysis EUR/USD

On yesterday session the EURUSD rallied and closed well in the green, near the high of the day, in addition closed within the previous day range, suggesting a weak bullish momentum.

The pair failed to close above the 10 and the 50-day moving averages that now are acting as a dynamic resistance.

The key levels to watch are: The previous swing high at 1.0975 (resistance), 10-day moving average at 1.0866 (resistance), the 50-day moving average at 1.0863 (resistance) and a swing low at 1.0712 (Support).
 
In my opinion, the current levels of support and resistance are: Support: 1.0770; 1.0700; Resistance: 1.0920; 1.1000.
 
The EUR/USD range continues for yet another day, perhaps the FOMC statement tomorrow will finally end it.
 
After last week's attempt to break the support level, now the EUR/USD is forming a doji price is returning to the open price, this means there is uncertainty in the market. For me I cannot find an opportunity to enter on the price the only option is to wait for a break out of the sideways range.
 
honeill said:
On yesterday session the EURUSD rallied and closed well in the green, near the high of the day, in addition closed within the previous day range, suggesting a weak bullish momentum.

The pair failed to close above the 10 and the 50-day moving averages that now are acting as a dynamic resistance.

The key levels to watch are: The previous swing high at 1.0975 (resistance), 10-day moving average at 1.0866 (resistance), the 50-day moving average at 1.0863 (resistance) and a swing low at 1.0712 (Support).
Click to expand...

I am totally in your side cause no other option as i see, thank you.
 
On yesterday session the EURUSD initially fell but found enough support to turn around and closed well in the green, near the high of the day, in addition closed above previous day high, suggesting a strong bullish momentum.

The pair failed to close again above the 10 and the 50-day moving averages that now are acting as a dynamic resistance.

The key levels to watch are: The previous swing high at 1.0975 (resistance), 10-day moving average at 1.0864 (resistance), the 50-day moving average at 1.0869 (resistance) and a swing low at 1.0712 (Support).
 
The single currency marked a volatile session against the dollar on Tuesday. Finally session ended in favor of the euro. If bullish sentiment intensify, the resistance at 1.0917 will be soon overcome. Tuesday session started at a price of 1.0848 and closed 21 pips higher. Tip of the day was reached at 1.0873, and the bottom was hit 55 pips below.
 
EUR/USD once again bounced off the resistance at 1.0900 and is currently moving to the downside. Its immediate target is around 1.0850.
 
Last edited:
EUR/USD tried to escape the 100 pip range and break above resistance level 1.0900 and rebounded again to remain inside the sideways range which is now for more than 2 weeks.
 
EUR/USD did not make significant movement yesterday. Commercial bias remains bullish in nearest term for testing 1.0970.
 
Euro recorded a third consecutive winning session against the dollar on Wednesday. The single currency justified the positive expectations and the couple made a test of resistance at 1.0917. The break of the key level has been delayed, but if bullish sentiment continue in the future, it will be overcome. Wednesday session started at a price of 1.0869 as trading was very volatile. Ultimately currencies reached a peak for the day at 1.0915 end session closed with 24 pips below.
 
On yesterday session the EURUSD rallied with a wide range and closed well in the green, near the high of the day, in addition closed above previous day high, suggesting a strong bullish momentum.

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

The key levels to watch are: The previous swing high at 1.0975 (resistance), the 50-day moving average at 1.0870 (support), 10-day moving average at 1.0864 (support) and a swing low at 1.0778 (Support).
 
The EUR/USD attacking the resistance level 1.0961 after the US dollar lost against the majors, i see that the the next level is 1.1000.
 
Abdul2012 said:
The EUR/USD attacking the resistance level 1.0961 after the US dollar lost against the majors, i see that the the next level is 1.1000.
Click to expand...

I agree, the pair will likely visit 1.1000 next, the question is whether it will finally be able to break above that level.
 
Intraday support is 1.0860, whose breach could lead price to neutral trading zone testing 1.0800 but important support remains at 1.0700. On the upside, a clear break above 1.0969 could trigger further bullish pressure testing 1.1060 and the trend line resistance. As long as price remains below the trendline, the bearish scenario remains valid.
 
Finally EUR/USD is out of the range, only a close above resistance level 1.0900 will confirm the break. Next level 1.0970 then 1.1000
 
Eurusd

The Euro goes back up, it may try to reach the 1.1000 level, but it is still in a medium term consolidation.
 
The single currency recorded a strong increase against the dollar on Thursday. The euro registered a fourth consecutive winning session and as a result the resistance at 1.0917 was broken. If bullish sentiment continue, the pair may test the second key level at 1.1003. The session on Thursday opened at a price of 1.0891 and closed with 47 pips higher. Prevailing trend was bullish, as the peak of the day was reached at 1.0967.
 
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