K.I.S.S analysis EUR/USD

[victoriajensen]

The fundamentals today pushed EUR/USD below the support at 1.1130 and the pair fell to the next level of support at 1.1070. If it manages to break below that level I expect a further move to the downside towards 1.1000.

 

[deresel]

Support: 1.1085; 1.1064;
Resistance: 1.1235; 1.1387.

 

[Sherif Fares]

Another day with the EUR/USD trading at the open price.

 

[Abdul2012]

The EUR/USD moving down to the 1.1000 level if it is break below 1.1064 support level.

 

[fxstrategist]

Eurusd

The EURUSD comes close to the 200 day exponential moving average, around the 1.1064 level and stalls there. Also, the 1.1100 could act as support, therefore a bounce to the 1.1200 level is possible.

 

[FX WES]

The single currency marked a slight decrease against the dollar on Thursday. The euro broke the neutral two-day series and continued the negative trend from the end of last week. As a result, the support at 1.1085 was broken. Expectations, however, remain in favor of the euro and bullish sentiment. The session started at 1.1126 and closed with 21 pips lower. Bottom of the day was hit at 1.1071.

 

[honeill]

Yesterday the EURUSD went back and forward with a wide range again 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 1.1202 (resistance), a daily support at 1.1097, and the 200-day moving average at 1.1025 (support).

 

[deresel]

The US dollar rose against other major currencies on Thursday, helped by upbeat US economic data. The euro/usd fell, closing at 1.1105.

 

[Gatume]

should I close a buy position

EUR/USD has fallen asleep completely, but considering the events on Sunday this is like the calm before the storm.

Hi thanks for your post, please advise on my case, I had bought Eurusd only to run at a loss of 90pips, I still havent closed the position since I speculated that since the pair didnt break the strong support at 1.0600 despite positive inflation report of the usd and some two hammers have formed showing a bullish effect.Do I close the position due to the greek referendum or can I hold on hoping that the market would retrace in favour of the euro?

 

[victoriajensen]

Hi thanks for your post, please advise on my case, I had bought Eurusd only to run at a loss of 90pips, I still havent closed the position since I speculated that since the pair didnt break the strong support at 1.0600 despite positive inflation report of the usd and some two hammers have formed showing a bullish effect.Do I close the position due to the greek referendum or can I hold on hoping that the market would retrace in favour of the euro?

Hello. First of all, you're welcome. Regarding your question - I don't use fundamental analysis, so I don't really make trading decisions based on such events beyond avoiding the market altogether if I think it will become too volatile in case of a high impact event. EUR/USD is testing the resistance at 1.1130 and in case it manages to break out above that level it will probably continue rising. As for whether or not you should close your position, I'm afraid that decision is entirely up to you. I hope it all works out for you.

 

[deresel]

Any increases in interest rates by the Fed this year will be seen as supporting the dollar, as foreign investors will increase demand for the dollar to benefit from higher yields on deposits.

 

[Abdul2012]

The EUR/USD is moving in a tight rang like yesterday, I will wait till next week looking for better chance.

 

[Sherif Fares]

EUR/USD found support at 1.1100, on the 4 hours chart EUR/USD failed to break and stay under the support levels.

 

[arigoldman]

1.09 this week imo

 

[honeill]

On the last Friday’s session the EURUSD initially fell but found enough support to turn around and closed near the high of the day, however closed within the previous day range, suggesting a weak bullish 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 1.1203 (resistance), a daily support at 1.1097, and the 200-day moving average at 1.1025 (support).

 

[victoriajensen]

EUR/USD has almost reached the support at 1.0990 coinciding with (MA)89 on the daily time-frame. A breakout below that level would indicate a further move to the downside towards 1.0900 again.

 

[Sherif Fares]

That was a turn of event EUR/USD suddenly fell 100 pips to stay above the support levels of 1.0990 which rebounded the price more than once since Dec. 2015, I Think I will wait till I see if the pair will break the support levels or will rebound.

 

[deresel]

The euro broke a five-day losing streak against the US dollar and rose on Friday despite good data on US inflation.
The currency pair EUR/USD ended the week at 1.1129, raising on Friday with 0.22 percent, and since the beginning of the year the euro has risen nearly 2.5 percent against the green money. Data from the day showed that consumer confidence in the Eurozone declined for the past month.

 

[FX WES]

EUR/USD dropped to $1.10 amid no fundaments news today. The greenback gained more than 100 pips.

 

[Abdul2012]

That was impressive drop for the EUR/USD today and the support level at 1.1005 is under pressure of the strong US dollar, Breaking below will drive the the pair to the 1.0990 level.