EUR/USD at the 1.3800 level.

Euro / dollar was hesitant yesterday. The signals remain neutral, but I'm still in the bulls camp with targets in the 1.2000 strong resistance area.
 
The NFP data surged the US dollar this Friday and EUR/USD closed the week flat after rallying three consecutive weeks. The pair marked fresh year high at 1.1909 and dropped sharply afterwards. This movement can be read as a downward corrective one, as the price remained above 1.1615.
 
The dollar gained against other currencies after an unexpectedly strong US employment report indicated that the Fed will be able to fulfill its plan for a third rate hike this year. The EUR / USD fell to the close of trading at 1.1773.
 
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 closed below Thursday’s low, which suggests a strong bearish momentum.

The currency pair continues trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1790 (support), a daily support at 1.1460 and other daily support at 1.1556.
 
EUR/USD is retracing after the big move to the downside on Friday, but the drop may not be over yet, especially considering the spinning top candlestick that has formed on the four-hour time-frame at 1.1810.
 
The EUR/USD pair closed today almost unchanged having in mind the daily performance and few pip above the Friday’s close. The four-hour time frame is showing bearish signs. The downward move might be exteded to 1.1715 – 1.1725.
 
On yesterday session, the EURUSD rose with a narrow range and closed near the high of the day however the currency pair closed within Friday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair continues trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1803 (support), a daily support at 1.1460 and other daily support at 1.1556.
 
EUR/USD is hovering around the 1.18 level today and is unbale to surpass 1.1820. Along with the limited volatility around the pair, the short term remains neutral.
 
EUR/USD briefly broke out below 1.1725 today though it has currently retraced above it again. The move to the downside will likely continue and the pair will probably reach 1.1700 - and may even break out below that level.
 
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