EUR/USD at the 1.3800 level.

[csc2009]

The pair is showing limited movement ahead of the ECB, I guess we are expecting volatility on Thursday.

 

[victoriajensen]

The pair is showing limited movement ahead of the ECB, I guess we are expecting volatility on Thursday.

It's currently testing the support at 1.0950 and it will probably bounce off that level, but I doubt there will be much movement before the fundamentals tomorrow.

 

[abdul2012]

The hourly resistance at the 1.1044 stopped the EUR/USD rally and the pair falling to the opening price, Let us see if the pair will hold over the 1.1000 support level.

 

[sherif fares]

Another Doji on the EUR/USD, the trading range is very tight, price rebounds to the support level quickly.

 

[Fxwes]

EUR/USD tried to trade lower yesterday, bottomed at 1.0945 but closed higher at 1.0999. The alerts are neutral in nearest term, probably with slight bearish signals for re-testing 1.0945. A clear break below that level could lead to further downward pressure to test 1.0900 key support. On the upside, 1.1065 - 1.1100 remains an important area of resistance. A clear break and daily close above that area is possible to activate the bullish pattern to test 1.1250. On the other hand, a clear break and daily close below 1.0900 will unchain bears on the downside with targets around 1.0800 or lower.

 

[honeill]

Yesterday EURUSD went back and forward without any clear direction although with a wide range and closed in the middle of the daily range, in addition managed to close within the previous day range, suggesting a lack of momentum and strong indecision among traders.

The pair closed above the 10-day moving average that is acting as dynamic support however did not managed to close above the 50 and the 200-day moving averages that are acting as dynamic resistance.

Today the markets are expecting an unchanged interest rate for the Euro zone and foremost the ECB president Mario Draghi speech looking for clues on a potential increase of QE due to the global economy slowdown.

The key levels to watch are: A daily resistance at 1.1236, other daily resistance at 1.1097, the 200-day moving average at 1.1021 (resistance), 50-day moving average at 1.1000 (resistance), the 10-day moving average at 1.0954 (support) and a daily support at 1.0900.

 

[csc2009]

Eur/Usd is showing very limited movement ahead of the ECB, let's see what Draghi will deliver.

 

[victoriajensen]

The fundamentals today definitely had quite an effect on the pair - it bounced off the support at 1.0820 and broke above 1.1000 again. Next target is at 1.1240.

 

[abdul2012]

The 1.2000 resistance level blocked the EUR/USD raising after the chain of the supportive news for the EUR against the US dollar, It was impressive gain in the last 4 hours.

 

[sherif fares]

ECB decision today spiked the EUR/USD to reach highest level in 1 month now resistance level 1.1210 is not going to be hard to break then next level is the highest price in 2016.