EUR/USD at the 1.3800 level.

EUR/USD finally broke out above 1.1700 but it bounced off from 1.1713 and is currently trading around 1.1650 again. The overall bullish trend could be getting exhausted.
 
EUR/USD continues consolidating sideways around 1.1650, but yesterday's attempt to break out above 1.1700 led to the formation of a shooting star candlestick on the daily time-frame at that level, which is another signal for a move to the downside.
 
The single currency recorded a neutral session against the US dollar on Tuesday. The currency pair opened at 1.1640 and the price bounced from the first resistance at 1.1700. Eventually the pair ended at 1.1646 and if the direction of the move continues upward we can expect a new attempt to break the first resistance at 1.1700.
 
The EUR/USD pair is acting very shaky today. Indicators on the 4-hour chart are confirming the short term bullish trend but a slight correction is not excluded.
First support is seen at 1.1690 and next at 1.1650. Looking to the upside, resistance levels are 1.1745 and higher at 1.1790.
 
The single currency recorded a significant increase against the US dollar on Wednesday. The session started at 1.1646 and the price managed to break the first resistance at 1.1700. Eventually, the pair ended at 1.1732 and if the upward trend in the last few months persists, there will probably be a breakthrough in the next resistance at 1.1860.
 
The fundamentals yesterday pushed EUR/USD above 1.1700 once again and the pair reached a high at 1.1775, but today the pair has retraced back to 1.1650 and it could fall back to 1.1600.
 
EUR/USD couldn’t hold on the 1.17 handle and dropped today to 1.1650. Indicators are heading towards oversold area and are showing strong bearish momentum. First support is seen at 1.1620 and immediate resistance is located at 1.1775.
 
The single currency recorded a decline against the US dollar on Thursday. The currency pair opened at 1.1733 and finished 58 pips lower. The price managed to break the first support at 1.1700 and if the direction of the traffic went down, there would likely be a breakthrough in the next support at 1.1520.
 
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