EUR/USD at the 1.3800 level.

[honeill]

On yesterday session, the EURUSD rose with a wide range but found enough resistance at the 50-day moving average to trim some of its gains and closed in the middle of the daily range, in addition, managed to close above Wednesday’s high, which suggests a bullish momentum.

The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753), the 50-day moving average at 1.1707 (resistance), a key level at 1.1684 (resistance), the 10-day moving average at 1.1645 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

[fxstrategist]

The EURUSD rallies on weakness of the US Dollar to the 55 day EMA at the 1.1763 level, which could act as resistance. The 1.1900 level may algo act as resistance in case the pair continues higher.

 

[honeill]

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

The currency pair is trading above the 10-day moving average and has close above the 50-day moving average, both should provide a dynamic support, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 50-day moving average at 1.1701 (support), a key level at 1.1684 (resistance), the 10-day moving average at 1.1680 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

[izzy_63]

Eur/Usd upside momentum remains strong, currently trading around 1.177/78 region, next important resistance is at 1.180 level.

 

[honeill]

On yesterday session, the EURUSD initially rallied but found enough selling pressure near 1.1790 to trim all of its gains and closed near the low of the day, however, managed to close within Friday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 10-day moving average and has close above the 50-day moving average, both should provide a dynamic support, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 50-day moving average at 1.1701 (support), a key level at 1.1696 (resistance), the 10-day moving average at 1.1696 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

[honeill]

On yesterday session, the EURUSD initially fell but found enough support on the confluence of the 10 and the 50-day moving averages to reverse nonetheless managed to close near the high of the day, however, closed within Mondays’ range, which suggests being slightly on the bullish side of neutral.

The currency pair is trading above the 10-day moving average and has close above the 50-day moving average, both should provide a dynamic support, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1700 (support), the 50-day moving average at 1.1693 (support), a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

[AngieB]

EUR/USD marked session top at 1.1760 but retreated to the comfortable 1.1740 area. Bulls are a bit tired so during next few hours it’s not expected any marginal change.

 

[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 Tuesdays’ low, which suggests a strong bearish momentum.

The currency pair closed below the 10 and the 50-day moving averages, both should provide a dynamic resistance, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1696 (resistance), the 50-day moving average at 1.1688 (resistance), a key level at 1.1684 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

[idimitrov]

Euro / dollar had momentum down yesterday, making the bottom at 1.1665. The signals are bearish so far, with targets in the area of 1.1600. The first resistance is at 1.1700. A clear break above this level can take the price to a neutral zone with a test of 1.1750 / 65. Downwards, a clear breakthrough and daily closure below 1.1600 will clear the way down to rethink key support 1.1508 / 00.

 

[idimitrov]

The euro / dollar did not make a substantial move yesterday. Overall, the price still holds the downside, but stays in range between 1.1695 and 1.1650. Although the technical goal of the H & S formation has been reached, I still prefer the bearish scenario. And I expect a clear break below 1.1650 to resume the bearish sentiment with the nearest 1.1600 target. On the upside, a clear break back above 1.1695 should become a serious threat to the bearish scenario for testing at 1.1725 / 50. On the downside, a clear break and a daily / weekly close below 1.1600 will take the price to re-testing key support 1.1508 / 00 next week.