EUR/USD at the 1.3800 level.

[honeill]

On the last Friday’s session the EURUSD dived with a wide range and closed near the low of the day, also managed to close below Thursday’s low, which suggests a strong bearish momentum.

Do to the nature of the impulsive daily candle it can also indicate exhaustion of the downward move. If today the currency closes in the green we will get the confirmation of the exhaustion.

The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1116 (resistance), a daily support at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.

 

[Fxwes]

EUR/USD closed last week at 1.0970, but today is seen slightly elevated. The pair rebounded from the low to currently trade at 1.0989 and seems that is heading to next resistance at 1.1003.

 

[victoriajensen]

EUR/USD is indeed retracing after reaching the support at 1.0963 but that is likely only temporary. A breakout below the aforementioned support level will lead to a further drop towards 1.0820.

 

[Fxwes]

The euro marked an increase against the US dollar on Monday session. The price bounced back and managed to break the first resistance at 1.0980. The pair added 30 pips to a closing price of 1.0998. The upwards movement continues and the pair is testing now the 1.1100 level.

 

[idimitrov]

The euro rose against the dollar on Monday. By the close of US trading EUR/USD was trading at 1.1000, gaining 0.26%. I believe that the support is now located at the level of 1.0964, Monday's low, and resistance is at the level of 1.1072 - the maximum of Wednesday.

 

[idimitrov]

The US dollar took a break in the Asian session on Tuesday after recent gains, retreating from the seven-month high against a basket of major world currencies, as investors assessed the likelihood of the Fed raising interest rates in the coming months.
The euro rised by 0.15 percent to $ 1.1014, moving away from a minimum of almost three months of $ 1.0962 set on Monday, while investors are waiting for the meeting of the European Central Bank later in the week.

 

[honeill]

Yesterday the EURUSD rallied with a narrow range and closed near the high of the day, however closed within the previous day range, which suggests being slightly on the bullish side of neutral.

The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1072 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.

 

[Fxwes]

EUR/USD was seen today back above 1.1000 level as the US dollar cheered up on the excellent CPI numbers. The pair climbed to 1.1015, but lost strength to push higher.

 

[victoriajensen]

The pair tested the resistance at 1.1020, formed a pair of doji candlesticks on the four-hour time-frame and bounced off that level. It's currently testing the support at 1.0980 but it will likely continue falling.

 

[honeill]

Yesterday the EURUSD tried to rallied but found enough selling pressure to quickly reverse and closed near the low of the day, however closed within the previous day range, which suggests being slightly on the bearish side of neutral.

The pair continues to trade well below the 10, 50 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1055 (resistance), a daily resistance at 1.1097, July swing low at 1.0952 (support) and a daily support at 1.0900.