EUR/USD at the 1.3800 level.

[csc2009]

After the pair pulled back from the low at 1.1128, the upside is still limited. Psychological support level can be found at 1.1120, break below could mean strong strength of bearish trend continues.

 

[Fxwes]

On Wednesday session the single currency ticked a slight increase against the US dollar. The session started at 1.1139 and finished only 15 pips higher. The pair was trading within the range 1.1128 and 1.1166. Until euro bears steer the direction from the beginning of the month, we might witness test of the support located at 1.1100.

 

[honeill]

Yesterday EURUSD went back and forward with a narrow range but closed in the green, in the middle of the daily range and also closed within the previous day range, suggesting being clearly neutral with lack of momentum.

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

The key levels to watch are: The 50-day moving average at 1.1334 (resistance), the 10-day moving average at 1.1229 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.

 

[victoriajensen]

Today's retracement to 1.1216, which is (MA)89 on the daily time-frame, was only temporary, it seems. The pair is moving to the downside again and it will likely soon test the support at 1.1130.

 

[honeill]

Yesterday EURUSD rose with a wide range and closed in near the high of the day in addition managed to close above the previous day high, suggesting a strong bullish momentum. The question now is: does it have the strength to close above the 10-day moving average?

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

The key levels to watch are: The 50-day moving average at 1.1332 (resistance), the 10-day moving average at 1.1218 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.

 

[csc2009]

1.1210/20 zone seems fading away, the pair is short term bearish and continue to decline. Or it could probably just be the correction movement ahead of Reuters/Michigan index and speech by J.Yellen.

 

[victoriajensen]

EUR/USD is moving to the downside again but Janet Yellen's speech a little later today might change that. I'll wait and see the effect of it before I open any positions.

 

[csc2009]

''Rate hike is appropriate in the coming months” said by Yellen cause sharp increase demand for the dollar. strong bearish trend continues, the pair is testing 1.1100 level.

 

[Fxwes]

On Friday session the euro marked a negative session against the US dollar, pressured by Yellen’s speech. The euro lost 80 pips and the bottom for the day was struck shortly before the end of the session at 1.1110. EUR/USD started the week with relatively shaky trading and hovering around 1.11. As no major macro news is expected today, the pair will be seen in a tight range.

 

[honeill]

On the last Friday’s session Janet Yellen opened the door to an interest hike in the upcoming months pushing the EURUSD into a dive with a wide range and closed 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 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.

The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1198 (resistance), a swing low at 1.1141 (resistance), a daily support at 1.1097 and the 200-day moving average at 1.1072 (Support).