EUR/USD at the 1.3800 level.

[honeill]

On the last Friday’s session the EURUSD fell with a wide range and closed in the red, near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish 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 1.1183 (support) and the 200-day moving average at 1.1025 (support).

 

[deresel]

Next interesting levels to watch for: Support - 1.1191; 1.1146; Resistance - 1.1387; 1.1457.

 

[victoriajensen]

The pair reached the support at 1.1125 and bounced off of it but it's possible this isn't the end of the move to the downside. The next support is at 1.1110, if EUR/USD manages to break below that level it may fall all the way to 1.1030.

 

[sherif fares]

EUR/USD continued the rebound today but for now iam still neutral until price break support levels 1.110.

 

[abdul2012]

I agree with you guys that the 1.1110 is our next target for the EUR/USD and breaking below means down trend conformation. I will keep my eyes open today for that break.

 

[honeill]

Yesterday the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below previous day low, suggesting a strong bullish momentum.

The pair closed below the 10-day moving average however is still trading above the 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 resistance at 1.1237, the 10-day moving average at 1.1223 (resistance), other daily support at 1.1097, and the 200-day moving average at 1.1025 (support).

 

[Fxwes]

The single currency recorded a second consecutive decline against the dollar on Monday. The euro justified the negative expectations and threw the pair downwards. As a result, both supports at 1.1191 and 1.1146 were broken. If bearish sentiment continue, currencies may test the next key level at 1.1085. The new week started at a price of 1.1238 as the euro retreated in the early hours of trading. Bottom of the day was hit at 1.1127 and the session closed with 25 pips higher.

 

[victoriajensen]

The pair is back to testing the support at 1.1125, we'll likely have to wait until the fundamentals tomorrow for it to break below that level.

 

[abdul2012]

Second day for the 1.1125 resist the eur/usd declining, but i think that it will not last for so long as the US dollar strengthen against the majors.

 

[sherif fares]

EUR/USD started to lose steam around the support levels. we might see another rebound from this level