EUR/USD at the 1.3800 level.

[abdul2012]

A second day the EUR/USD is trading around open price which proves that the support level remains and the market is uncertain, EUR/USD failed to break under the support levels and rebounded to sustain over 1.1000, most probably we will see a rebound from this levels second option if price succeeded to stay under support line will be a good opportunity for going short.

I agree with you on that, Let us see what will be the next move for the EUR/USD till the end of this week.

 

[victoriajensen]

That break below 1.1000 proved to be false unfortunately and we'll probably have to wait for the fundamentals later this week to push the pair below that level if they do at all.

 

[fxstrategist]

Still a lot of indecision on the EURUSD around the 1.1000 level. The pair may go in any direction, but it seems like the bearish momentum is losing its strength.

 

[csc2009]

The pair recovered and back above 1.1000 level, but upside seems limited due to lack of momentum.

 

[honeill]

Yesterday the EURUSD went back and forward with a wide range and closed in the middle of the daily range, however managed to close within the previous day range, suggesting lack of momentum and possible consolidation.

The pair is trading below the 10 and the 200-day moving averages that are acting as dynamic resistances however is still trading above the 50-day moving average that are acting as dynamic support. The Moving averages are squeezing the price let’s wait to see where it will pop.

The key levels to watch are: The previous swing high at 1.1376, a daily resistance at 1.1237, the 10-day moving average at 1.1086 (resistance), a daily resistance at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0983 (support) and a daily support at 1.0900.

 

[victoriajensen]

EUR/USD formed another spinning top candlestick on the daily time frame above the resistance at 1.1000, it appears that the pair will bounce off that support.

 

[sherif fares]

Not much movement for today for EUR/USD.

 

[abdul2012]

I see a bullish movement in the short term for the EUR/USD from the 1.1000 support level.

 

[Fxwes]

It seems that EUR/USD will stick to a narrow range through the foreseeable future.

 

[csc2009]

Eur/Usd bounced off just above 1.1000 level, but upside seems caped by 1.105 zone.