EUR/USD at the 1.3800 level.

[bigdolly]

On yesterday session, the EURUSD tried to fell but found enough support to rally back up and closed near the high of the day, however, closed within Friday’s range, which suggests being slightly on the bullish side of neutral.

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

The key levels to watch: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1593 (resistance), the 50-day moving average at 1.1589 (support), a daily support at 1.1555, other daily support at 1.1459.

How do you determine support and resistance levels for this pair?

 

[honeill]

Hi bigdolly,

I use the moving averages as Dynamic support and resistance and swing highs/lows to determine Static support and resistances all in the daily time-frame.

 

[honeill]

On yesterday session, the EURUSD went back and forward without any clear direction, however, closed in the middle of the daily range, in addition, managed to close within Mondays’ range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading above the 10 and the 50-day moving averages, that 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: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1594 (support), the 50-day moving average at 1.1587 (support), a daily support at 1.1555, other daily support at 1.1459.

 

[izzy_63]

Eur/Usd extended its gains, immediate resistance around 1.1650 could be a challenge on the upside, break above it the pair face another target at 1.1700.

 

[fxstrategist]

Even though the EURUSD has been oscillating around the 1.1600 level, it completes three bullish sessions in a row. The pair may try to reach the 1.1700 level from where it has bounced to the downside in the past.

 

[honeill]

On yesterday session, the EURUSD initial fell but found enough buying pressure around the 50-day moving average to reverse and managed to close near the high of the day, however, closed within Tuesdays’ range, which suggests being slightly on the bullish side of neutral.

The currency pair is trading above the 10 and the 50-day moving averages, that 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: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1599 (support), the 50-day moving average at 1.1587 (support), a daily support at 1.1555, other daily support at 1.1459.

 

[AngieB]

EUR/USD is pushing above the 1.1660 level, which level is providing a strong static support now, followed by 1.1630, the 23.6% retracement of the August rally. Breaking above the last one would lead the pair to the upside, with next target the August high at 1.1733. Indicators ont he four hour time frame are confirming such advance, as price now is developing above all of its moving averages. RSI and stochastic maintain their bullish slopes and are close to weekly highs.

 

[izzy_63]

Eur/Usd is consolidating its gains after the pair rallied to 1.1700 level. Short term the pair seems bullish, but US retail sales report tomorrow might tell a different story.

 

[idimitrov]

Despite the strong NFP last Friday, this week the dollar was unstoppable on its way down. If EUR/USD manages to bake 1,1700, the next target is 1.1750 (daily and weekly charts).

 

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

The currency pair is trading above the 10 and the 50-day moving averages, that 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: daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1615 (support), the 50-day moving average at 1.1589 (support), a daily support at 1.1555, other daily support at 1.1459.