EUR/USD at the 1.3800 level.

[honeill]

On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Wednesday’s low, which suggests a bearish momentum.

The currency pair trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is 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 1.2324 (resistance), the 10-day moving average at 1.2299 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[deresel]

The EUR/USD pair staged a solid comeback from the major trend line support at 1.2220, as the bulls cheered persisting risk-off trades on escalating global trade war angst, reflected by the sell-off in the European equities.
Russia and South Korea are now looking to raise tariffs on the US imports, following China’s retaliatory measures against the US tariffs and reports that Trump is considering additional tariffs on the Chinese products.
Moreover, fresh selling seen around the US dollar versus its major peers amid a risk-off tumble in Treasury yields also helped the spot to recover losses. All eyes now remain on the US payrolls release for fresh trading impetus on the EUR/USD pair.
Apart from the headline NFP print, average hourly earnings data is poised to take on increased importance. A sharper than expected increase in wages could revive hopes for a steeper Fed monetary policy tightening cycle and trigger a fresh leg of up-move for the buck,” Haresh Menghani, Analyst at FXStreet wrote.

 

[deresel]

EUR/USD
Key levels to watch for:
Support: 1.2215 1.2195 1.2165
Resistance: 1.2255 1.229 1.231

 

[idimitrov]

EUR/USD is still in a range and needs to break below 1.2150 or above 1.2350 to usher in a new trend.

 

[honeill]

On the last Friday’s session, the EURUSD initially fell but found enough buying pressure to reverse and managed to close near the high of the day, although closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair trading below the 10 and the 50-day moving averages that should provide dynamic resistance however, it is 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 1.2326 (resistance), the 10-day moving average at 1.2287 (resistance), a daily resistance at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[honeill]

On yesterday session, the EURUSD initially fell but found enough buying pressure to trim all its losses and closed near the high of the day, in addition managed to close above Friday’s high, which suggests a strong bullish momentum.

The currency pair trading below the 50-day moving average that should provide dynamic resistance however, it is trading above the 10 and 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 1.2335 (resistance), the 10-day moving average at 1.2294 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[deresel]

The single currency recorded a positive session against the US dollar on Monday. The currency pair opened at 1.2283 and the price bounced from the first support at 1.2260. After all, the euro ended at 1.2320 and if bullish sentiment continues, perhaps there will be a resistance test at 1.2370.

 

[deresel]

EUR/USD
Key levels to watch for:
Support: 1.2260; 1.2070;
Resistance: 1.2370; 1.2560;

 

[idimitrov]

The euro/dollar had another minor move past week. On the weekly chart, we have 6 consecutive unspecified candles indicating a volatile market. Short-term expectations remain downwards for testing 1.2175. This region is a good for placing long positions with narrow stops of loss. Immediate resistance is 1.2320. A clear break above this level could lead to future upward pressure testing 1.2385. Intraday support we have at 1.2220, whose breakthrough can cause downward pressure to test 1.2175. Only a clear break under 1.2175, however, will end the major bullish prospects.

 

[fxstrategist]

The EURUSD may reach the 1.2400 level where it may bounce to the downside. In case of a bearish pullback, the pair may find some support at the 1.2300 level.