EUR/USD at the 1.3800 level.

[honeill]

On the last Friday’s session, the EURUSD Tried to rally but found enough resistance near 1.1733 to reverse and close near the low of the day, in addition, managed to close below Thursday’s low, which suggests a strong bearish 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 1.1613 (support), the 50-day moving average at 1.1586 (support), a daily support at 1.1555, other daily support at 1.1459.

 

[honeill]

On yesterday session, the EURUSD rallied with a narrow range 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 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 1.1623 (support), the 50-day moving average at 1.1586 (support), a daily support at 1.1555, other daily support at 1.1459.

 

[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 1.1634 (support), the 50-day moving average at 1.1585 (support), a daily support at 1.1555, other daily support at 1.1459.

 

[deresel]

Euro / dollar attempted to rise yesterday, reaching peak at 1.1724, but then dropped and closed lower at 1.1666. Trade signals are neutral for now, probably with slight downside signals for testing 1.1620. A clear breakthrough and daily closure below this level would have to take the price of a retest of key support 1.1530. On the upside, the 1.1733 - 1.1785 area remains an important resistance and a good place for short positions with narrow stops above 1.1785. A clear breakthrough over this zone will activate my upward model with the nearest bull target in the 1.1850 - 1.1900 range.

 

[fxstrategist]

The EURUSD has not been able to confirm a breakout above the 1.1700 level and consolidates just below that level as shown on the daily chart. However, the daily candle lows have been higher than the previous ones and that could be and indication that the bullish pressure is building up at the 1.1700 level.

 

[idimitrov]

It looks like EUR/USD is forming a sideways range between 1,1520 and 1,1720.

 

[honeill]

On yesterday session, the EURUSD i went back and forward without any clear direction, however, closed in the middle of the daily range, in addition, managed to close within Tuesdays’ 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 1.1648 (support), the 50-day moving average at 1.1585 (support), a daily support at 1.1555, other daily support at 1.1459.

 

[fxstrategist]

The EURUSD breaks above the 200 day EMA, but it may find a resistance around the 1.1800 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 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: The 200-day moving average at 1.1917 (resistance), key level at 1.1915 (resistance), daily resistance at 1.1829, daily support at 1.1753, a key level at 1.1684 (support) and the 10-day moving average at 1.1648 (support).

 

[deresel]

The euro / dollar had a strong upward momentum yesterday, forming a peak at 1.1784. The price slid over the EMA 200 after breaking over the trend line of resistance. This suggests a critical technical situation for bears where a clear break above 1.1785 will activate my bullish model with targets in the 1.1850-1.1900 area. The signals are upward in a near perspective. First support is at 1.1730. A clear break below this level may take the price to a neutral zone, but it will confirm the 1.1785 region as a strong resistance that must be clearly breached before reaching higher levels.