EUR/USD at the 1.3800 level.

[Fxwes]

After the six days rally was halted yesterday, today EUR/USD was trading in a narrow range, recording insignificant gains.

 

[deresel]

The main event of Wednesday was the publication of the report from ADP to change the number of new jobs in the US economy last month. The April data were quite disappointing.

 

[idimitrov]

The euro fell against the dollar on Tuesday, although it managed to reach 1.1615. The single currency fell 0.4 percent to 1.1510, which is the weak performance last week.

 

[Fxwes]

On Wednesday session the euro marked a slight decline against the US dollar. The session started at 1.1495 and finished only 10 pips lower. The graphics continue to develop over moving averages, while the index of relative strength remains on neutral territory. In the short term outlook remains neutral as for further progress the pair must jump and stay above 1.1600.

 

[honeill]

Yesterday EURUSD went back and forward without any clear direction however closed in the red, near the low of the day and managed to close below the previous day low, suggesting a strong bearish momentum.

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

The key levels to watch are: A daily resistance at 1.1753, other daily resistance at 1.1556, daily support at 1.1459, the previous swing high at 1.1398 (support) and the 10-day moving average at 1.1387 (support).

 

[deresel]

The euro was down against the US Dollar on Wednesday. Currently EUR/USD is trading at 1.1472, shedding 0.1%. I believe that the support is now located at the level of 1.1333, Friday's low, and resistance is likely to make the level of 1.1615 - a maximum of Tuesday.

 

[idimitrov]

The head of the Federal Reserve Bank (FRB) Minneapolis Neil Kashkari convinced that the Federal Reserve (Fed) wants the normalization of interest rates in the United States, but will not actively raise them.
According to him, the Fed will change the rate when such a move is justified by macroeconomic indicators.

 

[idimitrov]

On Thursday, the dollar rose against other major currencies, as mostly positive US data released on Wednesday, reinforced optimism about the strength of the economy, while investors are preparing for a long-awaited data on employment, which will be released on Friday. The EUR / USD fell by 0.47% to 1.1428.

 

[victoriajensen]

The shooting star candlestick on the daily time-frame yesterday had the expected consequences and the pair fell, it's currently testing 1.1400 and a breakout below that level will likely lead to a further drop to 1.1200.

 

[idimitrov]

The dollar rose against a basket of major currencies for a third day on Thursday as traders closed the advantageous position in anticipation of the publication of Friday's employment report, which could confirm the view that the Fed will not raise rates soon.