EUR/USD at the 1.3800 level.

[honeill]

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

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

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0661(resistance), a daily resistance at 1.0622 and the all-time low at 1.0462 (support).

 

[victoriajensen]

EUR/USD bounced off 1.0540 and it might climb back up to 1.0600, but the overall trend remains very bearish. The move to the downside will likely contonue until the pair eventually reaches the previous low at 1.0462.

 

[Fxwes]

The EUR/USD pair is moving under the bearish 20-day SMA. The technical indicators are placed within bearish mode. Furtehr slides and a break below 1.0505 are well expected.

 

[idimitrov]

The euro rose against the dollar on Friday. By the end of the Asian session EUR/USD was trading at 1.0571, gaining 0.16%. I believe that the support is now located at the level of 1.0515, the low of Thursday, and resistance is likely at the level of 1.0660 - the maximum of Tuesday.

 

[Fxwes]

The single currency performed neutral during Thursday session. The opening price of opening completely coincided with that of closing - 1.0551. The EUR/USD moved within extremely narrow range, but the pair managed to break the first support at 1.0519 and reached its lowest level for the day at 1.0517. If bearish sentiment continue to dominate , the second key level at 1.0452 could be tested soon.

 

[honeill]

Yesterday the EURUSD went back and forward without any clear direction although closed slightly in the green, in the middle of the daily range, creating a doji pattern. In addition the pair closed within the previous day range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0633(resistance), a daily resistance at 1.0622 and the all-time low at 1.0462 (support).

 

[idimitrov]

Sberbank CIB believes that EUR / USD is headed to parity. The exchange rate fell below the key support level of 1.0525, which is its lowest level since December last year when the ECB did not meet market expectations for further easing of monetary policy, remind analysts. In their view, this increases the likelihood that the pair will reach parity in the coming months. Another argument to wait parity is a supportive fiscal policy in the US and politically busy calendar in the EU.

 

[victoriajensen]

EUR/USD broke above 1.0600 again today after forming an impressive doji candlestick on the daily time-frame above the support at 1.0500. Next target is likely 1.0645.

 

[Fxwes]

During the last two weeks the EUR/USD pair is staying below the middle lines while technical indicators has been elevated after spending sure time within the oversold area. While price is placed below 1.0505, next target is seen at 1.0460.

 

[csc2009]

After two weeks of decline, the pair enter short term correction mood. Consolidation might go up to 1.07 level, I'm not expecting clear tone until the ECB and FED's December meeting.