EUR/USD at the 1.3800 level.

[victoriajensen]

Consolidation continued today and the pair is still testing 1.1400. If it breaks below it next target will be around 1.1350. On the other hand, if it bounces off the support it will likely start climbing towards 1.1500 or even 1.1600 again.

 

[deresel]

The euro recorded a volatile session against the dollar on Friday. Ultimately, however, the opening price almost coincided with that of the closing, respectively, 1.1404 and 1.1403. In the early hours of the bulls dominated trade and so the couple did test the first resistance at 1.1429, after reaching a peak for the day at 1.1477. Subsequently the single currency fully accumulated losses lead. If the expectationd for a new rise of the dollar justify, EUR/USD will move to the support at 1.1309.

 

[deresel]

Key levels to watch for:
Support: 1.1309; 1.1270;
Resistance: 1.1492; 1.1540.

 

[csc2009]

Quiet day, lack of strength on both sides keep the pair in a tight range between 1.1415 to 1.1370.

 

[deresel]

The single currency fell slightly against the US dollar on Monday, trading volumes remained low throughout the day as investors looked for direction after disappointing employment data last week.
The pair moved between 1.1375 levels and 1.1419, before settling at 1.1382 for the day.
The economic calendar also failed to give clear direction to the currency since remained deprived of news that could influence the traders.

 

[deresel]

The decline in oil prices by more than 4 percent and weak data on the trade balance in China led to the growth of the US currency.
European currencies were less volatile and reported minimal losses against the dollar.

 

[honeill]

Yesterday EURUSD tried to rise but found enough resistance to reverse and close near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.

The pair is trading below the 10-day moving average that is acting as a dynamic resistance although is still trading above the 50 and the 200-day moving averages that act as a dynamic support.

The key levels to watch are: Daily resistance at 1.1556, other daily resistance at 1.1459, the 10-day moving average at 1.1435 (resistance), the 50-day moving average at 1.1315 (support) and a daily support at 1.1237.

 

[Fxwes]

EUR/USD did not make significant movement yesterday and again failed to conquer 1.14. The bias remains bearish in nearest term with a possible test of 1.1275 - 1.1200. First resistance is around 1.1430. A clear breakout beyond it, might take price to neutral trading zone for testing 1.1475 - 1.1500.

 

[victoriajensen]

I agree, EUR/USD reached 1.1350 as I thought it would but for now the range between 1.1350 and 1.1400 continues. The pair is testing 1.1400 again, a possible breakout above that level will likely lead to a further move to the upside towards 1.1450 - 1.1500.

 

[fxstrategist]

The EURUSD may try to bounce back up from the 1.1400 zone, which is where the 21 day EMA is. The bearish pullback may end here and the price may go back up.