EUR/USD at the 1.3800 level.

[honeill]

On the last Friday’s session the EURUSD initially rose but found enough selling pressure to give back to the market all its gains and closed in the red, near the low of the day and managed to close below Thursday’s range, suggesting a strong bearish momentum.

The pair managed to close below the 10 and 200-day moving averages that should now act as dynamic resistances and continues to trade below the 50-day moving average that is acting as dynamic resistance.

The key levels to watch are: The 50-day moving average at 1.1186 (resistance), the 200-day moving average at 1.1109 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1069 (resistance) and daily support 1.0900.

 

[csc2009]

Slow Monday, the pair is still stuck within the range between 1.1000 and 1.1150 with increasing bearish potential, only break below 1.1000 level would confirm further downward movement.

 

[Fxwes]

The single currency started the week with a moderate growth of 28 pips to 1.1074. The daily movement marked a one-week low at the level of 1.1037, then the price has recovered to 1.1083. EUR/USD continues to trade within a familiar zone once a day as a breakthrough of levels at 1.1185 or 1.1020 will indicate the prevailing sentiment.

 

[honeill]

Yesterday EURUSD rose with a narrow range and closed near the high of the day, in addition managed to closed within the previous day range, creating an inside day pattern plus suggests being slightly on the bullish side of neutral.

The pair managed to close above the 10-day moving average that should now act as dynamic support and continues to trade below the 50 and the 200-day moving averages that are acting as dynamic resistances.

The key levels to watch are: The 50-day moving average at 1.1180 (resistance), the 200-day moving average at 1.1113 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1065 (support) and daily support 1.0900.

 

[victoriajensen]

EUR/USD is still stuck in a tight range and it's unlikely it will end in the next few days. Next target is probably 1.1000 again.

 

[fxstrategist]

The EURUSD has found a good support at the 1.1000 level and stays in the range with the 1.1200 zone as resistance. No clear direction in the mid-term.

 

[Fxwes]

The euro recorded a decrease against the dollar during yesterday's session, which came out to loss from the beginning of the week. The pair fell 55 pips to a closing price of 1.1019. The price remains below averages, while the index of relative strength lost ground. Main target appear to be the levels of psychological barrier at 1.1000.

 

[honeill]

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

The pair managed to close below the 10-day moving average that should now act as dynamic resistance and continues to trade below the 50 and the 200-day moving averages that are acting as dynamic resistances.

The key levels to watch are: The 50-day moving average at 1.1176 (resistance), the 200-day moving average at 1.1115 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1060 (support) and daily support 1.0900.

 

[victoriajensen]

The pair broke below the support at 1.1000 and reached 1.0980 but then retraced to the upside again. Let's see how the ECB press-conference will affect it tomorrow.

 

[csc2009]

The pair seems remain its bearish strength, 1.1000 has become rather strong support level to break, only break below could lead to further decline to 1.0910/1.0900 zone.