EUR/USD at the 1.3800 level.

[victoriajensen]

Consolidation is getting tighter and tighter. While there's still a possibility that EUR/USD will start moving to the upside again, it's doubtful that there will be any major changes before the fundamentals tomorrow.

 

[Fxwes]

EUR/USD was trading quite yesterday and remained flat around 1.0645. NFP data today might not bring strong impact on markets. The pair will try to test the support line at 1.0590.

 

[honeill]

On yesterday session, the EURUSD initially tried to rise but found enough selling pressure around Wednesday open at 1.0679 to reverse and close near the low of the day, however the currency pair closed within Wednesdays range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading below the 10, the 50 and 200-day moving averages that should provide dynamic resistance.

The key levels to watch are: The 200-day moving average at 1.0823 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0709 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0657 (resistance), a daily support at 1.0622 and a Fibonacci retracement at 1.0584 (support).

 

[victoriajensen]

The pair is pushing to the downside and it has almost broken below 1.0630, but the fundamentals could change that very soon.

 

[Fxwes]

The US NFP report today pushed the US dollar to donwards agains the major rivals and set the chances of an adance limited. EUR/USD remains within the well-known weekly range and finds difficulties to move above 1.0670 area.

 

[Fxwes]

The technical outlook for EUR/USD remains bearish. A breach of 1.0525 could lead the pair towards 1.0455 and 1.0390. Looking to the upside only break above the 100-DMA at 1.0630 might bring back bulls with aiming the psychological level at 1.0700.

 

[idimitrov]

The euro fell against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.0591, losing 0.50%. I believe that support is now at 1.0581, the low of Friday's trading, and the resistance is likely at 1.0690 - the maximum of the Wednesday's trading.

 

[honeill]

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

The currency pair is trading below the 10, the 50 and 200-day moving averages that should provide dynamic resistance.

The key levels to watch are: the 50-day moving average at 1.0655 (resistance), the 10-day moving average at 1.0681 (resistance), a daily resistance at 1.0622, a Fibonacci retracement at 1.0584 (support) and other Fibonacci retracement at 1.0527 (support).

 

[victoriajensen]

EUR/USD dropped significantly after the fundamentals on Friday, breaking out below 1.0630. It's currently testing the support at 1.0570 and a breakout below that level too could lead to a further drop towards 1.0500.

 

[Fxwes]

EUR/USD has turned to bearish mode and the uptrend for now seems to be limited. The pair has surpassed the important 50-day moving average last week and the bears are now aiming the 61.8% Fibonacci level at 1.0555. The bearish case might be compromised only above the resistance at the 38.2% Fibonacci level at 1.0685.