EUR/USD at the 1.3800 level.

[honeill]

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

The currency pair is trading above the 10 and the 50-day moving averages, 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 1.1687 (support), a key level at 1.1684 (support), the 50-day moving average at 1.1677 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

[fxstrategist]

The 55 day EMA on the EURUSD has been acting as a very good resistance, but the bullish pressure seems to be accumulating at that zone, therefore a breakout could take the price of the EURUSD to the 200 day EMA around the 1.1870 level.

 

[honeill]

On yesterday session, the EURUSD initially rose but found enough selling pressure to erase all of its gains 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 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, a key level at 1.1684 (resistance), the 10-day moving average at 1.1675 (resistance), the 50-day moving average at 1.1678 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

[AngieB]

The EUR/USD pair turned sharply to the downside, retracing from closer to weekly highs and weakened further below the 1.1700 mark after the latest ECB monetary policy update with Draghi reaffirming to hold interest rates steady through the summer of 2019. Currently the pair is trading at 1.1656, but the huge selling pressure might drag the pair towards the 1.1600 handle, which if broked to below will open doors for testing next support lines at 1.1575 and 1.1535. Looking to the upside, 1.1700 remains a resistance hard to achieve, but in case of any bullish attempts next target is provided by 1.1725 and 1.1745.

 

[izzy_63]

Eur/Usd continue its consolidation in the lower range around 1.165, showing no clear directional strength. The pair will lead to further downside only if break below the support level at 1.1570.

 

[honeill]

On the last Friday’s session, the EURUSD initially fell but found enough buying pressure to trim all of its losses and manage to close near the high of the day, however, closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair trading 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, a key level at 1.1684 (resistance), the 10-day moving average at 1.1680 (resistance), the 50-day moving average at 1.1678 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

[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 Friday’s high, which suggests a strong bullish momentum.

The currency pair closed above the 10 and the 50-day moving averages, 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, a key level at 1.1684 (support), the 10-day moving average at 1.1680 (support), the 50-day moving average at 1.1678 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

[AngieB]

EUR/USD broke below 1.1700 level ahead of FOMC meeting, now is going to meet the immediate support at 1.1625.

 

[honeill]

On yesterday session, the EURUSD initially rose but found enough selling pressure near 1.1753 to reverse and closed near the low of the day, however, managed to close within Mondays’ range, which suggests being slightly on the bearish side of neutral.

The currency pair traded above the 10 and the 50-day moving averages, 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, a key level at 1.1684 (support), the 10-day moving average at 1.1683 (support), the 50-day moving average at 1.1679 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

 

[honeill]

On yesterday session, the EURUSD tried to rise but found enough selling pressure near 1.1705 to reverse 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, a key level at 1.1684 (resistance), the 50-day moving average at 1.1677 (resistance), the 10-day moving average at 1.1671 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).