EUR/USD at the 1.3800 level.

The single currency remained close to unchanged against the US dollar during yesterday’s session. After a volatile session the euro left the market with only 4 pips higher. The EUR/USD pair remains limited to the upside by the 4-month resistance at 1.1286.

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The euro rose against the dollar on Friday. By the close of US trading EUR/USD was trading at 1.1240, gaining 0.19%. I believe that the support is now located at the level of 1.1153, the low of Friday's trading, and resistance is likely at the level of 1.1279 - Monday's high.
 
The pair continues its sideway movement in a range between 1.112 to 1.133, but the lack of directional momentum probably will end with all focus turn to ECB's minutes and US Payrolls this week.
 
On the last Friday’s session the EURUSD initially fell hard but found enough buying pressure to erase all its losses and closed near the high of the day, however it did not had enough strength to close above Thursday’s range, which suggests being slightly on the bullish side of neutral.

The pair continues to trade above all three moving averages 10, 50 and the 200-day that are acting as dynamic supports.

The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1203 (support), and a daily support at 1.1097.
 
Sideways consolidation continues, but EUR/USD has formed a doji candlestick on the four-hour time-frame below the resistance at 1.1250, so a new move to the downside is very likely.
 
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EUR/USD was trading in tight range today, between 1.1204 and 1.1241. The pair closed modestly lower despite the suprisingly good EU macro data released today. In the short-term the pair is seen in neutral stance.
 
The euro lost strength the US dollar on Monday, but the decline was not significant enough to break key levels. If bullish sentiment again prevail, resistance at 1.1284 will be tested. Support is located at 1.1149 and 1.1122.
 
Yesterday the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.

The pair closed below the 10 and 50-day moving average that should act as dynamic resistances and is still above the 200-day that is acting as dynamic support.

The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (support), a Fibonacci retracement at 1.1181 (support) and a daily support at 1.1097.
 
EUR/USD reached the support at 1.1150 and bounced off of it, but it is very likely to continue dropping, especially considering the doji candlestick that has formed on the weekly time-frame.
 
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