EUR/USD at the 1.3800 level.

[Willyw]

Euro Dollar / US Dollar-EURUSD As of 26/06/17

*** Intra-Daily Trading Strategy:SELL Euro Dollar / US Dollar

Sell Target: 1.1163

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!


A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 27 white candles versus 21 black candles with a net of 6 white candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 15 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased0.65%, and has been fluctuating from a high of 1.129 to a low of 1.112.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Buy1 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 24 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a SELL158 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell7 day(s) ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for Euro Dollar / US Dollar is Very Bullish

Euro Dollar / US Dollar closed above the lower Bollinger Band by 39.7%. Bollinger Bands are 52.16% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 10 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[honeill]

On yesterday session, the EURUSD initially rose with a narrow range but found enough resistance to reverse and closed near the low of the day, although the currency pair closed within Friday’s range, which suggests being on slightly on the bearish side of neutral.

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1172 (support), the 50-day moving average at 1.1120 (support), a daily support at 1.1097, swing high at 1.1021 (support) and a key level at 1.0970 (support).

 

[deresel]

The single currency reported a modest decline against the US dollar on Monday. The currency pair opened at 1.1197 and ended only 16 pips lower. If the euro continues the downward movement, we can expect a test of the first support at 1.1130. Otherwise, upwards, the pair will focus on the resistance at 1.1280.

 

[deresel]

Key levels to watch for:
Support: 1.1130; 1.0980; 1.0815;
Resistance: 1.1280.

 

[honeill]

On yesterday session, the EURUSD rose with a wide range and closed near the high of the day, in addition the currency pair closed above Monday’s high, which suggests a strong bullish momentum.

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1190 (support), the 50-day moving average at 1.1129 (support), a daily support at 1.1097, swing high at 1.1021 (support) and a key level at 1.0970 (support).

 

[victoriajensen]

EUR/USD finally found some resistance at 1.1390 and bounced off from it. The pair might likely retrace back to 1.1300.

 

[honeill]

On yesterday session, the EURUSD initially fell but found enough support at 1.1291 to reverse and closed near the high of the day, in addition the currency pair managed to close above Tuesday’s range, which suggests a strong bullish momentum.

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (resistance), other Fibonacci extension at 1.1291 (support), a daily support at 1.1237, the 10-day moving average at 1.1208 (support).

 

[victoriajensen]

After a retracement to 1.1290 EUR/USD continued moving to the upside and is still very bullish. Next target is likely 1.1480 - 1.1500.

 

[fxstrategist]

The EURUSD is getting closer to the 1.1500 level. The 1.1500 could act as a strong resistance, due to the fact that in the longer term, the Euro has always found it difficult to rise above that level.

 

[honeill]

On yesterday session, the EURUSD rallied again but this time with a narrow range and closed near the high of the day, in addition managed to close above Wednesday’s range, which suggests a strong bullish momentum.

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1558, other daily resistance at 1.1460, a Fibonacci extension at 1.1373 (support), other Fibonacci extension at 1.1291 (support), a daily support at 1.1237, the 10-day moving average at 1.1232 (support).