EUR/USD at the 1.3800 level.

[abdul2012]

The EUR/USD support level at 1.0850 is tested and breaking below it will open the door to the pair to test the 1.0830.

 

[csc2009]

Consolidation would be expected before the pair heading further south.

 

[mackaozy]

Is it time to go short here?

Thanks

 

[honeill]

Yesterday the EURUSD initially rose but found enough selling pressure to turn around and closed near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.

The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.

The key levels to watch are: A daily resistance at 1.1097, the 200-day moving average at 1.1021 (resistance), the 10-day moving average at 1.0993 (resistance), 50-day moving average at 1.0984 (resistance), a daily resistance at 1.0900 and a daily support at 1.0819.

 

[csc2009]

The pair remains in the negative territory, it's testing the immediate support level around mid 1.0800 level.

 

[sherif fares]

EUR/USD drop is halted around 1.0850, In my opinion the area between 1.0850 until 1.0820 is a rebound area the pair might trade sideways around this area for sometimes before taking a decision.

 

[victoriajensen]

The pair may have bounced off from 1.0830, but I think the move to the downside isn't over and sooner or later it will reach 1.0800 again at the very least.

 

[abdul2012]

The pair may have bounced off from 1.0830, but I think the move to the downside isn't over and sooner or later it will reach 1.0800 again at the very least.

I agree with you on that specially if the US Nonfarm Payrolls came as expected. The EUR/USD will break through the 1.0800.

 

[Fxwes]

EUR/USD prolongs its decline upon ISM factories boost.

 

[fxstrategist]

The EURUSD keeps its bearish trend, but the 1.0800 level could act as support. The 1.0800 area seems like a congestion zone.