K.I.S.S analysis EUR/USD

[Sherif Fares]

EUR/USD has rebounded back to over 1.0900 and now the next level will be test the resistance 1.100 maybe by the help of tomorrow's NFP this level can be broken.

 

[Abdul2012]

Nice hunting today, the EUR/USD moving up to the resistance level at the 1.1001.

 

[csc2009]

On the upside, immediate resistance level can be found at yesterday's high, break above would lead to next target 1.1000 level.

 

[honeill]

Yesterday the EURUSD initially rallied with a wide range and closed near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.

The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.

We may expect high volatility today due to the US nonfarm and unemployment data.

The key levels to watch are: A daily resistance at 1.1097, the 200-day moving average at 1.1019 (resistance), 50-day moving average at 1.0992 (resistance), the 10-day moving average at 1.0941 (resistance), a daily support at 1.0900 and other daily support at 1.0819.

 

[csc2009]

The pair upward movement seems to continue and it's moving towards to test the psychological level at 1.1000 ahead of NPF data release.

 

[FX WES]

EUR/USD reached an intraday high the erased the NFP-driven losses.

 

[victoriajensen]

The pair upward movement seems to continue and it's moving towards to test the psychological level at 1.1000 ahead of NPF data release.

It broke above 1.1000 but now it's back at that level. That said, I think that next week it will continue climbing a little higher than that, likely towards 1.1080.

 

[Abdul2012]

1.1000 seems to be a good support for the EUR/USD today, let us see if the pair will hold on over it.

 

[rosentray]

The EUR/USD is trading higher due to the latest NFP's. The pair reached 1.1043 and hit right at the 200SMA. Price retraced and is now trading around the 1.10 level. Key resistance remains the 200SMA at 1.1050 while first support is 1.0975.

 

[Sherif Fares]

it is weird that price broke 1.100 even with positive NFP the USD dropped against the EUR.

 

[deresel]

On Friday, the dollar weakened against other major currencies, as mixed US data weakened the likelihood of an early increase in interest rates by the Federal Reserve System.

 

[FX WES]

The euro registered a second consecutive successful session against the dollar on Friday. The session was extremely volatile, as the difference between the highest and lowest value for the day was 137 pips. The pair came up to the resistance at 1.1066 and if bullish sentiment continue in the future, it will be pierced soon. Trading on Friday started at a price of 1.0956 as at the beginning the trend was neutral. More serious changes were recorded in the afternoon when it was reached the peak for the day at 1.1040. The session closed at 1.1001.

 

[deresel]

Support: 1.0892; 1.0822;
Resistance: 1.1066; 1.1119.

 

[honeill]

On the last Friday’s session the EURUSD initially fell but found enough buying pressure at 1.0900 daily support to reverse and close near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.

The pair is trading above the 10, 50-day moving averages that are acting now as dynamic support however the pair did not had the strength to close above the 200 day moving average.

The key levels to watch are: A daily resistance at 1.1236, other daily resistance at 1.1097, the 200-day moving average at 1.1019 (resistance), 50-day moving average at 1.0993 (support), the 10-day moving average at 1.0947 (support) and a daily support at 1.0900.

 

[deresel]

The dollar fell against most major currencies despite strong employment data in non-agricultural sectors of the US. February new jobs are 242 000. The preliminary estimates of economists was for 198 000. The unemployment rate remain unchanged at 4.9%.

 

[rosentray]

I have a reason to believe that the EUR/USD is ready for take off. The price has been trading slightly above long-term downward channel and is currently creating a new upward channel. Should we get another attempt to break the 200SMA, we might see the EUR/USD climbing above 1.11.

 

[Abdul2012]

The EUR/USD is in it's way to the next resistance at 1.1033 today, so stay tune gents.

 

[deresel]

From Goldman Sachs believe that monetary-credit policy will again become the dominant factor in determining the exchange rates, rather than risk appetite. Against this background, the analysts retained its annual forecast for EUR/USD of 0.9500.

 

[victoriajensen]

EUR/USD broke above 1.1000 again and I think we can expect a further move to the upside towards 1.1060.

 

[Sherif Fares]

EUR/USD is testing resistance level 1.1000, I wont be opening a position till I get a confirmation with the close of the day.