EUR/USD at the 1.3800 level.

The single currency marked a significant increase against the US dollar on Tuesday. The pair added 95 pips to a closing price of 1.1277. The pair is moving above the moving average and for further bullish continuation is needed breakthrough of 1.1286.
 
Yesterday the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above the previous day high, which suggests a strong bullish momentum.

The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.

The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1148 (support), and a daily support at 1.1097.
 
EUR/USD reached 1.1320 and bounced off that level. Now the question is whether the volatility caused by the FOMC meeting minutes later today will provoke enough volatility to cause a breakout above that level.
 
Risk remain on the upside, immediate resistance level can be found at 1.1320/50 zone, break above would confirm further gain.
 
The euro registered a modest rise against the US dollar on Wednesday. After a volatile session the pair added only 11 pips. The session started at 1.1277 and the price rebounded from the resistance at 1.1286, but finally the pair broke the first resistance and closed at 1.1288. If the upward trend continues, we may expect a test of the next resistance at 1.1400.
 
Yesterday the EURUSD went back and forward but closed in the green although in the middle of the daily range, in addition managed to close within the previous day range, which suggests being clearly neutral, neither side is showing control in the short-term but in the mid-term stick with the bullish guns.

The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.

The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1168 (support), and a daily support at 1.1097.
 
Key resistance zone lie at 1.1360/70, break above could mean further gain to towards 1.1400 level, but it also could turn back down if the the key resistance level holds.
 
Yesterday the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above the previous day high, which suggests a strong bullish momentum. However we might see a minor pullback today due to the strong resistance @ 1.1347 that might bring some Bears to the market.


The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.


The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1195 (support), and a daily support at 1.1097.
 
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