EUR/USD at the 1.3800 level.

[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 managed to close within Tuesdays’ range, which suggests being clearly neutral, neither side is showing control as traders wait for ECB signal that QE is less needed.

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

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (support), a daily support at 1.2287, the 10-day moving average at 1.2324 (support), the 50-day moving average at 1.2318 (support), a key level at 1.2165 (support).

 

[AngieB]

EUR/USD reversed sharply after Draghi’s press conference and marked daily low at 1.2303. Now the 1.23 area is critical for the pair as it’s acting as immediate support. In case of breaking it to below next target for the bears will be 1.2280.

 

[honeill]

On yesterday session, the EURUSD initially rose but found enough resistance at 1.2432 to trim all its gains and closed near the low of the day with a wide range, in addition managed to close below Wednesday’s low, which suggests a strong bearish momentum.

The currency pair closed below the 10 and the 50-day moving averages that should act as dynamic resistances, however is still trading above the 200-day moving average that should provide dynamic support.

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2323 (resistance), the 10-day moving average at 1.2314 (resistance), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[idimitrov]

Euro / dollar made a downward movement yesterday with a bottom of 1.2297. Signals are down for test support 1.2200 - 1.2175. Intrade resistance is 1.2355. A clear break above this level could take the price to a neutral zone with testing at 1.2400 / 50, but the important resistance remains 1.2537. The main ascending views remain valid, but the pair moves up and down in a 360 pips range over the past 8 weeks and we need a clear break above 1.2537 to restore the bullish trend. On the other hand, a clear break below 1.2175 and the trendline should support the main upward trend.

 

[honeill]

On the last Friday’s session, the EURUSD went back and forward without any clear direction in addition closed in the middle of the daily range, however managed to close within Thursday’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 act as dynamic resistances however is still trading above the 200-day moving average that should provide dynamic support.

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 10-day moving average at 1.2336 (resistance), the 50-day moving average at 1.2331 (resistance), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[deresel]

The euro marked a neutral session against the dollar on Friday. The single currency remained at the lower levels it reached the day before, but short-term expectations are still in its favor. If they are justified, the resistance at 1.2446 will be tested. Trading began Friday at 1.2310 and the final was 4 pips down. At first the bearish moods prevailed and so the pair hit the bottom at 1.2272.

 

[deresel]

EUR/USD
Levels to watch for:
Support: 1.2257; 1.2165;
Resistance: 1.2446; 1.2556;

 

[honeill]

On yesterday session, the EURUSD initially fell but found enough support at 1.2287 to trim all of its losses and closed near the high of the day, in addition managed to close within Friday’s range, which suggests being slightly on the bullish side of neutral.

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

The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 10-day moving average at 1.2341 (resistance), the 50-day moving average at 1.2333 (resistance), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[idimitrov]

The euro / dollar did not make a substantial move yesterday. Trade signals remain neutral. From a time chart perspective, the price moves in an ascending wedge, which can cause further bear correction after the formation of the double peak at 1.2445. Support for the day is the bottom line of the wedge, located around 1.2300. A clear breakthrough underneath it can confirm the bullish scenario for testing 1.2270 - 1.2250, but key support remains 1.2175. Short-term resistance is 1.2360, whose breakthrough will cancel the bearish scenario of the upward wedge with testing at 1.2400 - 1.2445. Basically, I stay in the bulls camp, but the longer the pair is kept below 1.2537, the price is still in the downward correction / consolidation phase.

 

[AngieB]

EUR/USD is flirting with 1.24 level amid the shift of the Secretary Of State in US. Technical indicators on H4 are accelerating and bulls are aiming the resistance at 1.2420.