EUR/USD at the 1.3800 level.

[kentik]

Euro broke the support level on the Daily trend yesterday, so the medium term direction to trade is down

 

[honeill]

On yesterday session, the EURUSD fell with a narrow range but managed to recover by the end of the session again and closed in the middle of the daily range, furthermore the currency pair managed to close within Tuesday range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch are: a daily resistance 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), the 10-day moving average at 1.1854 (resistance), a daily support at 1.1829 and other daily support at 1.1753.

 

[Fxwes]

With US Senate intending to extend the debt ceiling and avoid a government shutdown and US dollar might add some fuel, otherwise the pair is poised to extend its decline towards the support at 1.1715, having the expectations of NFP tomorrow.

 

[honeill]

On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition the currency pair managed to close below Wednesdays’ low, which suggests a strong bearish momentum.

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

The key levels to watch are: a key level at 1.1965 (resistance), the 10-day moving average at 1.1836 (resistance), the 50-day moving average at 1.1755, a daily support at 1.1753 and a key level at 1.1684 (support).

 

[kentik]

Euro remains in the downtrend, but the price may soon hit the support level, so 1.1730-1.1713 is the zone when the market may go in the correction movement

 

[Fxwes]

EUR/USD retreated from the lows around 1.1730 area, but the ongoing bearish bias remains valid.

 

[izzy_63]

EUR/USD retreated from the lows around 1.1730 area, but the ongoing bearish bias remains valid.

I agree, after the pair broke below 1.18 resistance level, the risk remains on the downside. Support can be found around 1.1725/30, further downside might be expected.

 

[honeill]

On the last Friday’s session, the EURUSD initially fell with a wide range but found some buying pressure to trim most of its loses and closed near the high of the day, in addition the currency pair managed to close within Thursday’s range, which suggests being clearly slightly on the bullish side of neutral.

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

The key levels to watch are: a key level at 1.1965 (resistance), the 10-day moving average at 1.1770 (resistance), the 50-day moving average at 1.1756, a daily support at 1.1753 and a key level at 1.1684 (support).

 

[kentik]

Daily trend is bearish but we can observe a retracement at the moment, so new short positions will be relevant after this correction

 

[honeill]

On yesterday session, the EURUSD initially rallied with a wide range but found enough selling pressure to expunge most of its initial gains and closed near the low of the day, however the currency pair managed to close within Friday’s range, which suggests being slightly on the bearish side of neutral.

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

The key levels to watch are: a key level at 1.1965 (resistance), the 10-day moving average at 1.1813 (resistance), the 50-day moving average at 1.1753, a daily support at 1.1753 and a key level at 1.1684 (support).