EUR/USD at the 1.3800 level.

[honeill]

On yesterday session, the EURUSD went back and forward without any clear direction although manages to close in the green, near the high of the day, in addition the currency pair closed within Wednesday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair is trading above the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0742 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0595 (support) and a daily support at 1.0462.

 

[deresel]

After two weaker days in the presentation of the euro, today it rose against the dollar. At the beginning of the session nothing suggested that the bulls will be able to close the session in green. The rate by opening of the session was 1.0683, and at 7:00 had pierced the support level of 1.0660. This led to a daily low at 1.0640. Then the Bulls brought the price to a high of 1.0713. After a little hesitant movements, the day was closed with rise of the euro to 1.0697.

 

[deresel]

Key levels to watch for:
Support: 1.0660; 1.05500;
Resistance: 1.0800; 1.0950.

 

[Fxwes]

The EUR/USD remains withing the recent and today also couldn’t hold above 1.0700.

 

[victoriajensen]

EUR/USD did retrace to 1.0712 before moving to the downside once again. Currently the pair is quite undecided, but if the move to the downside continues the first target will likely be at 1.0600.

 

[Fxwes]

Yesterday the euro retreated against the US dollar and closed at 1.0654. Currently the EUR/USD pair is testing the 1.0650 level and continues the bearish consolidation phase.

 

[honeill]

On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition the currency pair closed within Thursday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0737 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0598 (support) and a daily support at 1.0462.

 

[victoriajensen]

EUR/USD has almost reached 1.0600. While it is possible for it to bounce off from that level, a breakout below it would probably lead to a further drop towards 1.0540 - 1.0530.

 

[fxstrategist]

The EURUSD is coming closer to the 1.0600 level, the short-term trend has certainly changed to the downside.

 

[csc2009]

The EURUSD is coming closer to the 1.0600 level, the short-term trend has certainly changed to the downside.

I agree, after President Trump's "phenomenal" tax reform promise supporting dollar strength, the pair take turn to the downside, immediate support zone around 1.0620/00.