EUR/USD at the 1.3800 level.

[Fxwes]

The single currency recovered significant positions during yesterday's session and is on way to record a first positive week from the last five. The euro rose by nearly 70 pips to a closing price of 1.0812. The extreme values for the session were recorded at 1.0826 and 1.0691. EUR/USD finally overcame the psychological barrier at 1.0800, as the relative strength index continued to gain positions crossing to positive territory.

 

[honeill]

Yesterday the EURUSD initially fell testing for the 4th time the Fibonacci extension at 1.0703 but quickly recovered and closed in the green near the high of the day, shy below of the 10-day moving average.

The key levels to watch are the 1.0900 (Resistance), 1.0819 (resistance), the 10-day moving average at 1.0797 (resistance), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

 

[csc2009]

The pair remains in the negative territory, broke above 1.08 level shows technical rebound might be in place.

 

[sherif fares]

EUR/USD rebounded again to under 1.08 levels EUR/USD can possibly continue dropping but first price need to close under support level 1.0725 which is lowest price since mid April.

 

[abdul2012]

1.0708 was a strong support level last week, I think that it will be the key level in the next week for the EUR/USD.

 

[victoriajensen]

Range is continuing and will probably last well into the next week. EUR/USD bounced off 1.0715 and we can probably expect it to reach 1.0800 again.

 

[honeill]

On Friday session the EURUSD initially fell with a narrow range, creating an inside day and closed in the red at the middle of the daily range.


The pair failed for the 2nd time to close above the 10-day moving average and continues to consolidate in a tight range from 1.0703 up to 1.0819. A close outside these ranges would suggest the beginning of a trend.


The key levels to watch are the 1.0900 (Resistance), 1.0819 (resistance), the 10-day moving average at 1.0764 (resistance), a Fibonacci extension at 1.0703 (Support) and 1.0622 (Support).

 

[Fxwes]

The single currency recorded a decrease against the US dollar on Friday. The session started at 1.0821 and after divergent trading during the day the euro lost 71 pips. The graphics continue to develop under the moving average, while the index of relative strength remained in neutral territory. If the pair continues to move down, it is very likely to try to test the first support at 1.0676.

 

[sherif fares]

EUR/USD is testing again 1.0700 price failed to break the support level for the past week.

 

[csc2009]

Eur/Usd has extended its decline and dropped below 1.0700 level, if the bearish trend continues next key target would be at 1.0600 level.