EUR/USD at the 1.3800 level.

[honeill]

On the last Friday’s session the EURUSD fell with a narrow range and closed near the low of the day, although the currency pair managed to close within Thursday’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: the 200-day moving average at 1.0855 (resistance), daily resistance at 1.0819, daily support at 1.0713, the 10-day moving average at 1.0653 (support), the 50-day moving average at 1.0653 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.

 

[Fxwes]

EUR/USD is trading close to the one month high, which was marked last week at 1.0782. The sentiment remains bullish in the short-term, but indicators are losing momentum.

 

[victoriajensen]

EUR/USD has formed a shooting star candlestick on the four-hour time-frame at 1.0780 as well as a hanging man candlestick on the weekly time-frame at the same resistance level - both are signals for an impending move to the downside.

 

[Willyw]

Euro Dollar / US Dollar-EURUSD

As of 20/03/17

*** Intra-Daily Trading Strategy:BUY Euro Dollar / US Dollar

Buy Target: 1.0773

Buy Stop: 1.0697

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!



The previous 10 candlestick bars, there are 4 white candles versus 5 black candles with a net of 1 black candles.

The previous 50 candlestick bars, there are 23 white candles versus 26 black candles with a net of 3 black candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 6 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.76%, and has been fluctuating from a high of 1.078 to a low of 1.058.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition.No Stochastic Buy or Sell signals generated today. The last signal was a Sell 30 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 80 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL88 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy10 day(s) Ago.

The close is currently

BELOW its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for Euro Dollar / US Dollar is Mildly Bearish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 6.9%. Bollinger Bands are 8.15% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[honeill]

On yesterday session, the EURUSD tried to rally but found enough selling pressure at 1.0771 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: the 200-day moving average at 1.0853 (resistance), daily resistance at 1.0819, daily support at 1.0713, the 10-day moving average at 1.0690 (support), the 50-day moving average at 1.0656 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.

 

[victoriajensen]

EUR/USD bounced off from 1.0718 and moved to the upside after forming a doji candlestick at that level on the daily time-frame yesterday. The pair has broken above the previous high at 1.0782 and it's still rising, the closest target is likely at 1.0850.

 

[Fxwes]

EUR/USD made impressive rally and hit a fresh monthly high at 1.0820. There was a slight retreat in the afternoon, but the pair keeps bullish stance, which is confirmed by the technical indicatiors.

 

[honeill]

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

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: the 200-day moving average at 1.0851 (resistance), daily resistance at 1.0819, the 10-day moving average at 1.0714 (support), daily support at 1.0713, the 50-day moving average at 1.0658 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.

 

[deresel]

The euro advanced against dollar. During yesterday's session the single currency gain 70 pips. The dollar is again very hesitant and during the day the pair was completely dominated on bullish sentiment. After opening rate of 1.0736, bottom for the day was recorded during the next hour and reached 1.0719 level. This ended the forces of bears and there was clearly seen the upward bullish trend. The pair recorded its peak level of 1.0818, and a few hours later session ended with exchange rate of 1.0806 dollars per euro. Shortly before lunch ended up the first break of support level 1.0800 was breached.

 

[deresel]

Key levels to watch for:
Support: 1.0800; 1.0660; 1.0550;
Resistance: 1.0950; 1.1120.