K.I.S.S analysis EUR/USD

[victoriajensen]

The pair reached the support at 1.1125 and bounced off of it but it's possible this isn't the end of the move to the downside. The next support is at 1.1110, if EUR/USD manages to break below that level it may fall all the way to 1.1030.

 

[Sherif Fares]

EUR/USD continued the rebound today but for now the pair is still neutral until price break support levels 1.110.

 

[Abdul2012]

I agree with you guys that the 1.1110 is our next target for the EUR/USD and breaking below means down trend conformation. I will keep my eyes open today for that break.

 

[honeill]

Yesterday the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below previous day low, suggesting a strong bullish momentum.

The pair closed below the 10-day moving average however is still trading above the 50 and the 200-day moving averages that are acting as dynamic support.

The key levels to watch are: The daily resistances at 1.1555, other daily resistance at 1.1460, daily resistance at 1.1237, the 10-day moving average at 1.1223 (resistance), other daily support at 1.1097, and the 200-day moving average at 1.1025 (support).

 

[FX WES]

The single currency recorded a second consecutive decline against the dollar on Monday. The euro justified the negative expectations and threw the pair downwards. As a result, both supports at 1.1191 and 1.1146 were broken. If bearish sentiment continue, currencies may test the next key level at 1.1085. The new week started at a price of 1.1238 as the euro retreated in the early hours of trading. Bottom of the day was hit at 1.1127 and the session closed with 25 pips higher.

 

[victoriajensen]

The pair is back to testing the support at 1.1125, we'll likely have to wait until the fundamentals tomorrow for it to break below that level.

 

[jaym333]

Eurusd

The pair is back to testing the support at 1.1125, we'll likely have to wait until the fundamentals tomorrow for it to break below that level.

Watch 1.1155-60. If it stays below it then target is 1.1085. If above it then 1.1180-95 is back on the radar

 

[Abdul2012]

Second day for the 1.1125 resist the eur/usd declining, but i think that it will not last for so long as the US dollar strengthen against the majors.

 

[Sherif Fares]

EUR/USD started to lose steam around the support levels. we might see another rebound at this levels

 

[fxstrategist]

Eurusd

The EURUSD is dropping to the 1.1100 level, possible bullish bounce from that level. A little bit lower, 200 day EMA, also possible support.

 

[FX WES]

The euro recorded insignificant decline against the dollar on Tuesday. The session was calm, with no sharp changes. Session started at the level of 1.1152 and closed with only 10 pips below. The difference between the highest and lowest value for the day was also small - 67 pips. If the single currency justify positive expectations in the short term resistance at 1.1387 will be broken soon.

 

[Dagerban]

I can’t see a favorable opening for a deal right now. Therefore, I’ll wait to see which of the variants is the right one.

 

[honeill]

Yesterday the EURUSD fell with a narrow range and closed near the low of the day, however managed to close within the previous day range, suggesting a weak bearish momentum.

The pair is trading below the 10-day moving average however is still trading above the 50 and the 200-day moving averages that are acting as dynamic support.

The key levels to watch are: The daily resistances at at 1.1460, other daily resistance at 1.1237, the 10-day moving average at 1.1217 (resistance), a daily support at 1.1097, and the 200-day moving average at 1.1025 (support).

 

[victoriajensen]

There's a doji candlestick on the four-hour time frame above above the support at 1.1140, I think the pair will bounce off that level and continue rising. That said, it's doubtful that will happen before the FOMC meeting minutes.

 

[Abdul2012]

The EUR/USD getting mush support over the 1.1100 this week so it is going to find it is way to rise just matter of time as i see.

 

[Sherif Fares]

there was not much movement on the EUR/USD today, the pair is still trying to test 1.1100 levels.

 

[fxstrategist]

Eurusd

possible visit to the 1.1100 level on the EURUSD.

 

[deresel]

The single currency depreciated against its US rival on Wednesday after minutes of the Federal Reserve in January gave little indication of whether the US central bank will accelerate the pace of tightening interest rates in the near future.
The minutes of the meeting showed that instability in global financial markets and sluggish inflation expectations have led the US central bank to leave unchanged the way to increase the interest rate.

 

[honeill]

Yesterday the EURUSD went back and forward with a wide range and closed in the middle of the daily range, in addition closed within the previous day range, suggesting lack of momentum.

The pair is trading below the 10-day moving average acting as dynamic resistance however is still trading above the 50 and the 200-day moving averages that are acting as dynamic support.

The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, the 10-day moving average at 1.1213 (resistance), a daily support at 1.1097, and the 200-day moving average at 1.1026 (support).

 

[FX WES]

The euro recorded a consecutive neutral session against the dollar on Wednesday. The pair remained on the known levels reached earlier in the week. Short-term indicators are in favor of the single currency and if they are come true, the resistance at 1.1235 will be broken. Trading started at a price of 1.1142 as at the beginning bulls prevailed but finally the session closed with 16 pips lower.