K.I.S.S analysis EUR/USD

Eurusd

The EURUSD is in a very tight consolidation and it may head in any direction. Just be on the look out.
 
On Monday session the single currency remained close to unchanged against the US dollar. The EUR/USD pair traded in relatively narrow range and session closed only only 4 pips up. RSI remains in neutral territory but the pair continues to move below the averages. The negative outlook prevail, as next target appers to be 1.1020.
 
Yesterday EURUSD went back and forward without any clear direction but managed to close in the green, near the high of the day, although closed within the previous day range, which suggests being slightly on the bullish side of neutral.

The pair continues to trade below all 3 moving averages the 10, 50 and 200 that should act as dynamic resistances.

The key levels to watch are: The 50-day moving average at 1.1203 (resistance), the 200-day moving average at 1.1100 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1090 (resistance) and daily support 1.0900.
 
EUR/USD is currently testing the resistance at 1.1120, which coincides with (MA)89 on the four-hour time-frame. A breakout above that level will likely lead to a further move to the upside towards target 1.1160.
 
EUR/USD did not make significant movement yesterday. The pair traded higher earlier this morning and hit 1.1090. Trading signals are up in nearest term but as long as price stays below 1.1200, I still prefer a bearish scenario at this phase. Immediate support is at 1.1050. A clear break below could lead the price to neutral zone testing 1.1000, which needs to be clearly pierced down to the preservation of strong bearish scenario with targets near 1.0700. On the upside, a clear break and daily close above 1.1200 would activate my expectations to see the new model as direction, possibly testing 1.1300 - 1.1400.
 
The EUR/USD is trading relatively unchanged since yesterday's session. The pair reached a high of 1.1125 and then plummeted again below the 200SMA making a low of 1.1052. The pair is now 1.1069 and is headed to first support at 1.0951.
 
On Tuesday, the dollar falls against other major currencies as investors shifted attention to the forthcoming meeting of global central banks on expectations of additional stimulus measures from their side.
EUR/USD rose to 1.1098, but later lost 30 pips to 1,1069.
 
Yesterday EURUSD tried to rally but found enough resistance to give back most of its gains to the market although managed to close in the green but near the low of the day, in addition closed within the previous day range, which suggests being slightly on the bearish side of neutral.

The pair continues to trade below all 3 moving averages the 10, 50 and 200 that should act as dynamic resistances.

The key levels to watch are: The 50-day moving average at 1.1198 (resistance), the 200-day moving average at 1.1102 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1086 (resistance) and daily support 1.0900.
 
The EUR/USD is trading to the downside in today's session currently at 1.1041. The price is back below the 200SMA after it reached above it yesterday. It appears to be hard for the market participants to wni a direction as the price has been gravitating towards the 200SMA since mid-June.
 
The EUR/USD tight range continues and so far there is no indication it will end anytime soon. The pair will likely test 1.1100 again soon.
 
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