EUR/USD at the 1.3800 level.

[honeill]

Yesterday the EURUSD went back and forward again but this time with a narrow range and closed in the middle of the daily range, in addition 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 1.1072 (resistance), a daily resistance at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0986 (support) and a daily support at 1.0900.

 

[sherif fares]

Finally EUR/USD under the support level. I can close the short position now and wait for the price on Monday under 1.0900 for another position.

 

[victoriajensen]

EUR/USD will most likely reach 1.0900, the question is whether it will be able to break below that support and continue falling.

 

[abdul2012]

EUR/USD will most likely reach 1.0900, the question is whether it will be able to break below that support and continue falling.

I agree with you that it will continue the down trend.

 

[Fxwes]

This morning EUR/USD broke out below support, after USD rallied on better than expected GDP data.

 

[csc2009]

'Brexit' fears and all the talks about the upcoming referendum campaign keep dragging the pair down, immediate support can be found at 1.0900 level.

 

[honeill]

On the last Friday’s session the EURUSD initially rose but found enough resistance at the 10-day moving average to reverse and close near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.

The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.

The key levels to watch are: A daily resistance at 1.1097, the 10-day moving average at 1.1063 (resistance), the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0984 (resistance), a daily support at 1.0900 and other daily support at 1.0819.

 

[victoriajensen]

The pair finally broke below 1.0900, if it breaks below 1.0870 too it will likely continue towards 1.0800, I think. Not to mention that considering the multi-week range visible on the weekly time frame the long-term target is at 1.0600.

 

[sherif fares]

a second drop today for the EUR/USD, price is heading towards the next support level 1.0810. It is safe to close my position around 1.0850.

 

[Fxwes]

As a result of the disappointing CPI numbers, the euro trimmed its pre-market gains to trade down 0.31% at $1.0892.