EUR/USD at the 1.3800 level.

[victoriajensen]

EUR/USD continues consolidating between 1.1880 and 1.1725. So far there is no signal that consolidation will end and if it does it will probably be under the influence of the fundamentals later this week.

 

[Fxwes]

The short term outlook for the EUR/USD pair remains bearish. The price is developing below its moving averages and indicators are located withing extreme oversold conditions.

 

[honeill]

On yesterday session, the EURUSD fell again but this time with a narrow range and closed in the middle of the daily range, in addition the currency pair managed to close below Friday’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 averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1857 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1788 (resistance), a daily support at 1.1753 and a key level at 1.1684 (support).

 

[victoriajensen]

EUR/USD formed a spinning top candlestick on the daily time-frame at 1.1717 so the pair will likely bounce off that level and start moving to the upside again, continuing the relatively wide consolidation below 1.1880.

 

[Fxwes]

EUR/USD moved slightly higher today, but couldn’t fight the 1.18 handle and reterated to 1.1760. The pair will stay in wait and see mode until ECB meeting this Thursday.

 

[honeill]

On yesterday session, the EURUSD initially rallied although found enough selling pressure near the 10-day moving average to erase most of its gains but closed in the green, in the middle of the daily range, in addition the currency pair managed to close within Monday’s range, which suggests being clearly neutral, neither side is showing control.

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 averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1853 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1784 (resistance), a daily support at 1.1753 and a key level at 1.1684 (support).

 

[Fxwes]

EUR/USD ticked up today after the better than expected numbers on German IFO. The pair is currently trading at 1.1778, but let’s see if will be able to fight the resistance at 1.18.

 

[honeill]

On yesterday session, the EURUSD rallied with a wide range ahead of ECB crucial announcement and closed near the high of the day, in addition the currency pair managed to close above Tuesday’s high, which suggests a strong bullish momentum.

The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above 10 and the 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 1.1851 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1790 (support), a daily support at 1.1753 and a key level at 1.1684 (support).

 

[idimitrov]

On Thursday, the euro rose in price against the dollar before the ECB meeting, which could end the period of the soft monetary policy of the European Central Bank. The dollar exchange rate has receded from the recent highs. The pair EUR/USD rose y 0.14% to 1.1827, retreating from the minimum for two weeks of 1.1724, recorded on Monday.

 

[deresel]

The euro rose on Thursday, while investors are waiting for details about the plans of the European Central Bank to start winding down the program of buying up bonds, while the dollar made a breather after the recent rally. The euro gained 0.16 percent against the dollar to $1.1831, moving away from Monday's two-week low at $1.1725.