EUR/USD at the 1.3800 level.

[psaTrading]

Euro
According to charts, on a medium term view, with expectations that the European Central Bank (ECB) will undertake easing measures, any policy moves could provide the basis for a potentially strong upward eur/usd.

Happy trading!

 

[fxstrategist]

Now at the 1.3700 level, the EURUSD is awaiting the rest of the fundamentals out of Europe and the US to decide if it is going to bounce from that level or break it.

 

[GOR FX]

Staircase like progression for the EU,
It first dropped to 3750, consolidated for two days, then dropped to 3700 which is quite a solid support.
If this is broken, we may see 1.3 before then end of Q3.

 

[fxstrategist]

The 1.3700 level has proven to be a very good support for the EURUSD. We are still on the sidelines awaiting for a clear direction on the pair.

 

[fxstrategist]

Follow up on the EURUSD. The bounce from the 200 Day Exponential Moving Average around the 1.3656 level, has taken the price above the 1.3700 level. Due to the acceleration of the bullish momentum, we may see a change in direction on the pair.

 

[honeill]

We could be seeing EURUSD reaching 1.38 before the next fall.

 

[peeterwoolf]

I agree, we could find numerous buying opportunities on short-term charts as we pull back and find support level.

 

[honeill]

Just got whipsaw this morning on EURUSD on a fake break of R1!!!

 

[peeterwoolf]

Yes, will this pair break of 1.3726 and turn short term trend bullish?

 

[fxstrategist]

There is tight range on the EURUSD between the 1.3700 level and the 1.3730 level. There are no clear entries until the price leaves this zone.