EUR/USD at the 1.3800 level.

[honeill]

On the last Friday’s session the EURUSD initially rallied but found enough resistance near the 50 day moving average to trim all of its gains and closed near the low of the day, in addition managed the currency pair managed to close below Thursday’s low, which suggests a strong bearish momentum.

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

The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1864 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1784 (support), a daily support at 1.1753 and a key level at 1.1684 (support).

 

[victoriajensen]

EUR/USD continues consolidating around 1.1800. On the daily time-frame there's a spinning top candlestick at that level, which is a signal for indecision and not, necessarily, for a reversal. The indecision will probably continue until the fundamentals later this week.

 

[deresel]

The single currency registered a modest decline over the US dollar on Friday. The session started at 1.1829 and the euro lost 11 pips. The chart continued to grow above the moving averages, while the relative strength index remained neutral. If the downward trend continues, the euro will probably break the first support at 1.1735.

 

[deresel]

Key levels to watch for:
Support: 1.1735; 1.1670;
Resistance: 1.1910; 1.2080;

 

[idimitrov]

The euro / dollar made an upward movement last week with a peak of 1.1879, but closed a little lower at 1.1818. The signals are neutral, but slightly downward to testing support 1.1750. Clear breaks and daily closures below this level may clear the way to zone 1.1670. The main upward trend remains valid, but we need a clear breakthrough and daily closing above 1.1900 for a potential end of the current downward correction phase and the resurgence of the bullish trend for the 1.2000 - 1.2090 test.

 

[Fxwes]

EUR/USD is unstable around 1.18. Indicators are aiming sounth on the 4 hour chart and bears are likely to take the control.

 

[honeill]

On yesterday session, the EURUSD initially fell but found enough support near the 10-day moving average to trim some of its losses although closed in the red, in the middle of the daily range, in addition the currency pair managed to close below Friday’s high, which suggests a strong bearish momentum.

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

The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1864 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1789 (support), a daily support at 1.1753 and a key level at 1.1684 (support).

 

[Fxwes]

The EUR/USD dropped today to 1.1735, but recoved to currenlty trade at 1.1765. The short term outlook remains bullish, confirmed by the indicators on the four hour time frame.

 

[honeill]

On yesterday session, the EURUSD fell again but found enough support near the 1.1753 to trim some of its losses although closed in the red, in the middle of the daily range, in addition the currency pair managed to close below Monday’s low, which suggests a bearish momentum.

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

The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1863 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1792 (resistance), a daily support at 1.1753 and a key level at 1.1684 (support).

 

[Fxwes]

EUR/USD bounced from the early morning low at 1.1730. The pair conqured the resistance at 1.1780, but let’s see if bulls will fight the 1.18 handle.