K.I.S.S analysis EUR/USD

Yesterday EURUSD rose with a wide range and close near the high of the day, in addition managed to close above the previous day high, which suggests a strong bullish momentum.

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

The key levels to watch are: The 50-day moving average at 13.08 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1160 (support), a daily support at 1.1097 and the 200-day moving average at 1.1070 (Support).
 
The euro rose against the dollar on Wednesday. The single currency met the expectations and gained ground against the dollar. The breakthrough on the key level at 1.1226 was postponed, but if the momentum continues, the resistance will be overcome soon. Wednesday session was open to a rate of 1.1131, and the finale was put 56 pips higher. The trend was bullish, the peak of the day was at 1.1193.
 
The fundamentals today caused a whipsaw again but afterwards the pair continued moving to the downside. It's currently testing 1.1150 again and it will likely break below it. If it does, next target is 1.1100.
 
No break out yesterday, the pair back to its range between 1.1100 to 1.1220. I guess any break out we need to wait for today's NFP report.
 
Yesterday EURUSD initially rose but found enough selling pressure after Draghi speech to turn south, giving all it gains back to the market and closed near the low of the day, however managed to close within the previous day range, which suggests being slightly on the bearish side of neutral.

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

The key levels to watch are: The 50-day moving average at 13.04 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1153 (support), a daily support at 1.1097 and the 200-day moving average at 1.1068 (Support).
 
The US change in Non-farm Payrolls today certainly had a great effect on EUR/USD, making the pair jump with over 170 pips. The move to the upside will likely continue at least until the end of the day and next target is probably at least 1.1350.
 
Weak statistics on employment for April (Nonfarm Payrolls) encourages traders to postpone the expectations of another Fed rate increase. The Labor Department said that in May, the US non-farm sector, was created only 38K. New jobs were much less than the expected 164K. This is the worst value since September 2010. In result, EUR/USD rose with nearly 200 pips.
 
The euro rose against the dollar on Friday. EUR/USD closed the week at 1.1366, gaining 1.91%. The support is now located at the level of 1.1096, Monday's low, and resistance is likely to make the level of 1.1374 - a maximum of Friday's trading session.
 
On Friday the euro marked its strongest session against the dollar for nearly six months, after the data from the US labor market disappointed markets. The euro rose more than 200 pips to a closing price of 1.1355 and thereby reported first positive week for the last five. Dispelling expectations of raising interest rates by the Fed in June continues to support the single currency. Technically the bulls are favored and immediate support is located at 1.1330.
 
Eurusd

Next resistance for the EURUSD could be the 1.1400 level. Support at the 1.1300. Lets see which one it hits first.
 
On the last Friday’s session the non-farm payrolls made the EURUSD rally with a wide range and closed near the high of the day, in addition managed to close above the previous Thursdays high, suggesting a strong bullish momentum.

The pair is trading above the 200-day moving average and closed above the 10 and 50-day moving averages; all should now act as dynamic supports.

The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1460, the 50-day moving average at 1.1303 (support) and a daily support at 1.1237.
 
EUR/USD is consolidating after the big move to the upside last Friday. The pair is testing the resistance at 1.1370 and it may be forming a double top there, but it's too early to tell.
 
EUR/USD is trading relatively stable in today's session even after Yellen's speech about the latest jobs report and current economy state. Price is now 1.1370 with first resistance at 1.14.
 
Following Yellen’s speech US dollar remained stuck around 3-week low. EUR/USD fell 0.08% and was trading lower. The intraday low was reached at 1.325.
 
Yesterday the euro remained unchanged against the dollar at a level of 1.1352. The pair failed to overcome the psychological resistance at 1.1400, while the euro found support at 1.1326. Technically the bulls will dominate. Support is located at 1.330 and resistance at 1.1465.
 
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