EUR/USD at the 1.3800 level.

[honeill]

On the last Friday’s session the EURUSD rallied with a wide range and closed near the high of the day, in addition the currency pair managed to close above Thursday’s high, which suggests a strong bullish momentum.

The currency pair closed above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0646 (support), a daily support at 1.0622, the 10-day moving average at 1.0580 (support) a daily support at 1.0527 and other daily support at 1.0462.

 

[victoriajensen]

EUR/USD broke out above 1.0680, eventually reaching 1.0713 before bouncing off from it and it will likely retrace back to 1.0650 - 1.0640.

 

[Fxwes]

Yesterday the EUR/USD pair marked intraday high at 1.0713, but closed lower around 1.0650. Short term indicators remain bearish, but ahead of FOMC outcome I doubt to see the pair below 1.0600.

 

[honeill]

On yesterday session, the EURUSD initially tried to rally but found enough selling pressure at 1.0713 to give all of its gains back to the market and closed in the red, near the low of the day, however closed within Friday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0647 (support), a daily support at 1.0622, the 10-day moving average at 1.0600 (support) a daily support at 1.0527 and other daily support at 1.0462.

 

[victoriajensen]

EUR/USD reached the support at 1.0630. More importantly, it has formed a shooting star candlestick on the daily time-frame below the resistance at 1.0713 which is a signal that the move to the downside should continue. That said, the fundamentals this week could change that.

 

[csc2009]

EUR/USD reached the support at 1.0630. More importantly, it has formed a shooting star candlestick on the daily time-frame below the resistance at 1.0713 which is a signal that the move to the downside should continue. That said, the fundamentals this week could change that.

True, focus turn to tomorrow’s FOMC decision. The pair remains under pressure short-term and is testing support level at 1.0600.

 

[honeill]

On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Monday’s low, which suggests a strong bearish momentum.

The currency pair is still trading above the 10 moving average that should provide dynamic support but closed below the 50-day moving average and continues to trade below the 200-day moving average both should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0647 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0611 (support) a daily support at 1.0527 and other daily support at 1.0462.

 

[Fxwes]

EUR/USD is currently gravitating around 1.06 handle. From fundamental viewpoint markets attention today will be focused on elections in the Netherlands and mostly on the announcement of the interest rate of Fed.

 

[victoriajensen]

It's consolidating above 1.0600 indeed, the consolidation will likely only get tighter the closer we get to the FOMC announcements later today.

 

[LsretFX]

Do you recommend expecting major news from the France about election ?