EUR/USD at the 1.3800 level.

[honeill]

On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Mondays’ high, which suggests a strong bullish momentum.

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), the 10-day moving average at 1.2352 (support), the 50-day moving average at 1.2337 (support), a daily support 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 rose but found enough selling pressure to reverse and closed near the low of daily, however managed to close within Tuesdays’ range, which suggests being slightly on the bearish side of neutral.

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), the 10-day moving average at 1.2355 (support), the 50-day moving average at 1.2339 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[idimitrov]

Euro / dollar did not have a convincing move yesterday. The signals are neutral for now. The price still moves in the range of 360 pips between 1.2537 - 1.2175. On the hourly chart, however, the price moves above the EMA 200 and the trendline support line, which suggests upward signals. In addition, the pair slid over the downward channel earlier today, backing the bullish scenario. Immediate support is 1.2347 (hourly EMA 200 and yesterday's bottom). A clear breakthrough below this level will erase the bullish views from the perspective of the hourly chart with testing at 1.2300 or lower. We have a 1.2445 intraday resistance, whose breakthrough and daily closure will take the cost of retesting the critical 1.2537 resistance that has to be clearly broken down to restore the bullish trend.

 

[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 strong bearish momentum.

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 1.2347 (resistance), the 50-day moving average at 1.2341 (resistance), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[AngieB]

EUR/USD marked huge drop today but stalled at 61.8% Fibo of March bullish run around 1.2265. Incicators on H4 are located within extreme oversold area althought had lost directional strength. Some consolidation is expected before next catalyst appears.

 

[izzy_63]

The pair seems have lost its bullish momentum, upside limited to 1.2335, Eur/USD continue to lack of directional strength. Immediate support can be found around 1.2260.

 

[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 below Thursday’s low, which suggests bearish momentum.

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 50-day moving average at 1.2342 (resistance), the 10-day moving average at 1.2317 (resistance), a daily support 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 support at 1.2260 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 50-day moving average that should act as dynamic resistance however closed above the 10-day moving average and is still trading above the 200-day moving average both 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 1.2345 (resistance), the 10-day moving average at 1.2326 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).

 

[fxstrategist]

The EURUSD weakens rapidly falling below the 1.2300 level and trying to reach the 1.2200 level. If the pair breaks below the 1.2200 level, then it would be getting out of the range on the daily chart, but the 1.2100 level may act as support.

 

[honeill]

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

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 50-day moving average at 1.2344 (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).