EUR/USD at the 1.3800 level.

EUR/USD continue climbing but in slow pace , price is facing resistance level 1.1380 which rebounded the EUR/USD multiple times through 2015. for now I prefer to be neutral.
 
The single currency recorded an increase against the US dollar on Thursday. The session started at 1.1290 and ended 31 pips higher. The graphics continue to develop above the moving averages, while the index of relative strength remained on neutral territory. If the upward trend continues, we can expect the first test of resistance at 1.1363.
 
Euro/dollar continued its momentum up yesterday, forming a peak of 1.1337. The bias remains bullish in nearest term testing 1.1400 before aim in the region of 1.1500.
 
Yesterday the EURUSD initially rallied but found enough selling pressure to give back some of its gains and closed at the middle of the daily range, however closed above the previous day high, suggesting a weak bullish momentum.

The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.

The key levels to watch are: The daily resistances at 1.1555, other daily resistance at 1.1460, daily support at 1.1237, other daily support at 1.1097, the 10-day moving average at 1.1187 (support) and the 200-day moving average at 1.1026 (support).
 
A rebound happened from the resistance level 1.1370, for now it is not still clear if it is a correction and the price will return to test the resistance levels or a change of direction.
 
The pair reached the support at 1.1210 and if it breaks below that level we can probably expect it to continue falling towards the next support at 1.1160.
 
I do not see that the EUR/USD will continue to decline under the 1.1200 level but we have to stay tune for any break below that level.
 
The euro is losing ground against the dollar on Friday session. Thus the couple remained in the well known range between 1.1387 and 1.1191. If the dollar justify the positive expectations, the support will broken. The session on Friday started at 1.1321 as bearish sentiment prevailed throughout. Bottom of the day was hit at 1.1214 and the session closed with 40 pips higher.
 
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