EUR/USD at the 1.3800 level.

[honeill]

On yesterday session, the EURUSD fell with a wide range although found enough support at 1.1558 to trim half of its losses but closed in the red, 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 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1616 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.

 

[deresel]

The single currency recorded a decline against the US dollar on Tuesday. The session started at 1.1608 and ended 23 pips lower. The price managed to break the first support at 1.1590 and the euro reached a daily bottom at 1.1553. Short-term outlook remains negative, as the chart continues to grow below the moving average.

 

[deresel]

Key levels to watch for:
Support: 1.1485; 1.1280;
Resistance: 1.1590; 1.1670; 1.1735;

 

[idimitrov]

Key levels to watch for:
Support: 1.1485; 1.1280;
Resistance: 1.1590; 1.1670; 1.1735;

Interesting forecast!

 

[idimitrov]

The Euro/Dollar attempted a downgrade yesterday, sliding under the support of 1.1580 but still unable to remain convincing below this level and hit 1.1606 earlier this morning. Expectations are neutral for now. In general, I stay in the bear camp as part of the downside reversal scenario of the head and shoulder figure on the daily chart. But a clear break below 1.1580 is needed for the sequel to the downside for testing at 1.1500 - 1.1450. Intraday resistance we have at 1.1650/70. A clear breakthrough over this area may cause future upward pressure on the 1.1725 test, but the longer the price stays below 1.1900, I stay down and every bullish pressure should be seen as a good sales opportunity.

 

[victoriajensen]

EUR/USD briefly broke out below 1.1575 and formed a new low at 1.1555, but now the pair has retraced back above 1.1575 and continues to consolidate above that level. That said, there could still be a breakout to the downside and a drop to 1.1500.

 

[Fxwes]

EUR/USD today is confined within tight range, probably due to the lack of significant macro news. However technically the short term bias remains bearish according to indicators on the H4 chart.

 

[honeill]

On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition the currency pair managed to close within Tuesday’s range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1618 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.

 

[victoriajensen]

EUR/USD bounced off from 1.1575 after forming a hammer candlestick and an inverted hammer candlestick on the daily time-frame at that level. Currently the pair is testing the resistance at 1.1665, a breakout above that level could lead to a move to the upside towards 1.1800.

 

[Fxwes]

The tax reform delay concerns hit the US dollar, which influenced the EUR/USD and thus the pair jumped today to 1.6565.