K.I.S.S analysis EUR/USD

[honeill]

On the last Friday’s session the EURUSD initially rallied but found enough selling pressure at 1.1460 to turn around and close near the low of the day, however managed to close within the previous day range, being slightly on the bearish side of neutral.

The pair closed for the second consecutive time below the 10-day moving average that is acting as a dynamic resistance although is still trading above the 50 and the 200-day moving averages that act as a dynamic support.

The key levels to watch are: Year high at 1.1616, a daily resistance at 1.1556, other daily resistance at 1.1459, the previous swing high at 1.1398 (support) and the 50-day moving average at 1.1306 (support).

 

[FX WES]

EUR/USD started the new week hovering around 1.14 as there are not enough incentives to push the pair into clear direction. Immediate resistance is seen at 1.14450 and 1.1470 levels. The support is located at 1.14 and if we witness a break, the pair might drop to 1.1340.

 

[rosentray]

EUR/USD is trading relatively unchanged in today's session gravitating around 1.14. Low volumes are partially due to no major events today as well as the lite impact caused by the latest NFP's and Unemployment rate.

 

[victoriajensen]

Consolidation continued today and the pair is still testing 1.1400. If it breaks below it next target will be around 1.1350. On the other hand, if it bounces off the support it will likely start climbing towards 1.1500 or even 1.1600 again.

 

[deresel]

The euro recorded a volatile session against the dollar on Friday. Ultimately, however, the opening price almost coincided with that of the closing, respectively, 1.1404 and 1.1403. In the early hours of the bulls dominated trade and so the couple did test the first resistance at 1.1429, after reaching a peak for the day at 1.1477. Subsequently the single currency fully accumulated losses lead. If the expectationd for a new rise of the dollar justify, EUR/USD will move to the support at 1.1309.

 

[deresel]

Key levels to watch for:
Support: 1.1309; 1.1270;
Resistance: 1.1492; 1.1540.

 

[csc2009]

Quiet day, lack of strength on both sides keep the pair in a tight range between 1.1415 to 1.1370.

 

[deresel]

The single currency fell slightly against the US dollar on Monday, trading volumes remained low throughout the day as investors looked for direction after disappointing employment data last week.
The pair moved between 1.1375 levels and 1.1419, before settling at 1.1382 for the day.
The economic calendar also failed to give clear direction to the currency since remained deprived of news that could influence the traders.

 

[deresel]

The decline in oil prices by more than 4 percent and weak data on the trade balance in China led to the growth of the US currency.
European currencies were less volatile and reported minimal losses against the dollar.

 

[honeill]

Yesterday EURUSD tried to rise but found enough resistance to reverse and close near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.

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

The key levels to watch are: Daily resistance at 1.1556, other daily resistance at 1.1459, the 10-day moving average at 1.1435 (resistance), the 50-day moving average at 1.1315 (support) and a daily support at 1.1237.

 

[FX WES]

EUR/USD did not make significant movement yesterday and again failed to conquer 1.14. The bias remains bearish in nearest term with a possible test of 1.1275 - 1.1200. First resistance is around 1.1430. A clear breakout beyond it, might take price to neutral trading zone for testing 1.1475 - 1.1500.

 

[rosentray]

EUR/USD is trading relatively unchanged since yesterday's session. The pair is gravitating around 1.1375-1.1385. The low volumes come from weak positions from both sides caused by no major events to shake up the markets.

 

[victoriajensen]

EUR/USD reached 1.1350 as I thought it would but for now the range between 1.1350 and 1.1400 continues. The pair is testing 1.1400 again, a possible breakout above that level will likely lead to a further move to the upside towards 1.1450 - 1.1500.

 

[fxstrategist]

Eurusd

The EURUSD stalls at the 21 day EMA zone, just below the 1.1400 level. The current daily candle seems to be closing as a doji or spinning top, which is an indication of exhaustion of the bearish pullback. Price may try to go back up.

 

[FX WES]

The euro marked a slight drop against the US dollar on Tuesday session. The short-term indicators remain in favor of the US currency. In this case the pair might test the support at 1.1309.

 

[rosentray]

EUR/USD appears to be caught in a range between 1.14 and 1.1360. Currently, the pair is trading at 1.1387. No major news are expected today so we might see a continuation of sideways trading.

 

[honeill]

Yesterday EURUSD initially rose but found enough selling pressure to give back all its gains and closed in the red, near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.

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

The key levels to watch are: Daily resistance at 1.1556, other daily resistance at 1.1459, the 10-day moving average at 1.1437 (resistance), the 50-day moving average at 1.1319 (support) and a daily support at 1.1237.

 

[deresel]

The single currency fell slightly against the US dollar on Tuesday, trading volumes remained low during the day while the positive employment data in the US supported the dollar.
The pair moved between 1.1358 levels and 1.1409, before settling at 1.1371 for the day or down by about 10%.
Key levels to watch for:
Support: 1.1309; 1.1270;
Resistance: 1.1492; 1.1540.

 

[victoriajensen]

EUR/USD broke above 1.1400 and is still moving to the upside. Its next target is likely at the resistance at 1.1500 - 1.1530.

 

[FX WES]

The pair has lost the will to find a clear direction. The lack of major macro data and minimal volatility keep EUR/USD stuck around 1.14. Immediate resistance is located at 1.440 and the support I around 1.340. In case of breaking it, the pair will drift further to 1.340.