EUR/USD at the 1.3800 level.

[victoriajensen]

There is a doji candlestick and a shooting star candlestick below the resistance at 1.1340 which coincides with (MA)89 on the 30-minute chart. This is a short-term signal, but I think we can expect a new move to the downside towards 1.1300.

 

[Fxwes]

The single currency recorded slight increase against the dollar on Monday, breaking a two-day negative series. The pair moved within a narrow range with extreme values reached at 1.1341 and 1.1301, and finally the euro rose 11 pips to a closing price of 1.1319. Index relative strength develops in negative territory as the price remains limited by the resistance at 1.1350 and moving averages upwards.

 

[deresel]

The single currency rose against the dollar on Monday to 1.1322 or with a growth of only 0.09%. The pair is in a narrow range in anticipation of inflation data in the US today, which could present a clearer picture of the future of the US economy.

 

[honeill]

Yesterday EURUSD initially rose but found enough selling pressure at the 50-day moving average to give back some of its gains but closed in the green, although near the low of the day, but managed to close within the Fridays range, suggesting being slightly on the bearish side of neutral.

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

The key levels to watch are: Daily resistance at 1.1459, the 10-day moving average at 1.1367 (resistance), the 50-day moving average at 1.1333 (resistance), a daily support at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.

 

[idimitrov]

On Monday the euro/dollar was in a correctional phase during the day. The euro rebounded against the US dollar to a mark of 1.1342 after declining manufacturing activity in New York to minus 9.02 vs. the forecasts of 6.50 plus. By the close of the trading day the couple returned to the level of 1.1315.

 

[deresel]

Today the attention of traders will be focused on data on inflation in the UK and the US. Later, three representatives of the US Federal Reserve will make their statements. The day will be difficult for the single currency, as in Asia the pound and the Australian dollar strengthened considerably to all currencies.

 

[idimitrov]

On Tuesday, the dollar is stable against other major currencies, as investors remained cautious ahead of a string of US economic reports, which will be released later today. Investors are preparing for release later in the session US data on the housing sector, consumer prices and industrial production in the search for further instructions on the strength of the US economy. The EUR/USD is stable at 1.1324.

 

[deresel]

Key levels to watch for:
Support: 1.1280; 1.1215; 1.1150;
Resistance: 1.1350; 1.1465; 1.1620.

 

[victoriajensen]

EUR/USD found some support at 1.1280 and formed a spinning top candlestick above that level on the daily time-frame, so we might see a move to the upside, but I doubt anything major will happen before the fundamentals tomorrow.

 

[csc2009]

The pair is back to its cave again after a little push up, just holding above the support level at 1.13, prepare for FOMC minutes tomorrow.