K.I.S.S analysis EUR/USD

GBP/USD bounced off from 1.2988 after forming a shooting star candlestick at that level on the four-hour time-frame as well as a double top, also at that level. The pair is testing the support at 1.2850 and a breakout below that level will likely lead to a further move to the downside towards 1.2800.
 
On yesterday session, the EURUSD went back and forward without any clear direction again and closed in the red, in the middle of the daily range, plus managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading below the 10-day moving average that should provide dynamic resistance however is still trading above the 50 and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a key level at 1.0970 (resistance), the 10-day moving average at 1.0922 (resistance), a daily resistance at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0774 (support).
 
EUR/USD reached 1.0900 today after bouncing off from 1.0840 and it even broke out above that level. It is currently testing 1.0920. Next target is likely 1.0950 - 1.1000.
 
The EUR/USD moved higher today and posted 3-day high at 1.0933 right after the release of the US economic data. A possible daily close below the 20-da SMA, currently standing at 1.0870, will hurt bull’s strength.
 
Eur/Usd reacted strongly on weak US data, the pair still remains on the daily high, psychological level on the upside can be found at 1.100, on the downside support zone around 1.0830/40.
 
The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.0932, gaining 0.64%. I believe that support is now at around 1.0838, Thursday's low, and resistance is likely to come in at 1.1024, Monday's high.
 
arigoldman said:
EUR/USD went a bit down this week, but managed to recover. I'm bullish for the week to come!
Click to expand...

I agree, Dollar remain under pressure this week, bullish trend would likely to continue, resistance level can be found around 1.099/1.102 zone.
 
On the last Friday’s session the EURUSD rallied with a wide range but and closed near the high of the day, in addition the currency pair managed to close above Thursday’s high, which suggests a strong bullish momentum.

The currency pair is now trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: Year high at 1.1021 (resistance), a key level at 1.0970 (resistance), the 10-day moving average at 1.0926 (support), a daily support at 1.0900 and other daily support at 1.0819, the 50-day moving average at 1.0778 (support).
 
csc2009 said:
I agree, Dollar remain under pressure this week, bullish trend would likely to continue, resistance level can be found around 1.099/1.102 zone.
Click to expand...

The pair has almost reached 1.1000, now the question is whether there will be a breakout above 1.1020.
 
Today the EUR/USD pair was challenged by the key level at 1.1000, but couldn’t conquer it. However technical indicators on the 4-hour time frame are keeping bullish stance and in the short-term we may expect euro bulls to push higher.
 
Dollar continue showing weakness, immediate resistance at 1.099/1.100 and follow by 1.1020, break above for further upside movement.
 
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition the currency pair managed to close above Friday’s high, which suggests a strong bullish momentum.

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1097, Year high at 1.1021 (resistance), a key level at 1.0970 (support), the 10-day moving average at 1.0940 (support) and a daily support at 1.0900.
 
EUR/USD has broken out well above 1.1020 and has formed a new high, the closest target is at 1.1100, but it will likely rise much higher than that.
 
Today the EUR/USD marked highest level since November 9 at 1.1095, supported by the good numbers from the macro data from the euro zone and the weak one from USA. Seems that bulls are determined to conquer the psychological level at 1.1100 and next target is seen at 1.1140.
 
Eurusd

Excellent rally on the EURUSD, the pair may continue towards the 1.1100 level, which could act as resistance.
 
Strong eurozone data plus weak Dollar made Euro had one of its best day, there are still room on the upside, the immediate resistance level is at 1.1100 and follow by 1.1200 (round number).
 
On yesterday session, the EURUSD rallied but this time with a wide range and closed near the high of the day, in addition the currency pair managed to close above Monday’s high, which suggests a strong bullish momentum.

The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1237, other daily resistance at 1.1097, previous wing high at 1.1021 (support), a key level at 1.0970 (support) and the 10-day moving average at 1.0957 (support).
 
EUR/USD continued moving to the upside today and it is already at 1.1150. It will likely reach 1.1200 in the near future and probably continue rallying towards 1.1300.
 
You must log in or register to reply here.

Similar threads

I
GBP/USD Long set up with respected levels
Replies
0
Views
1K
inakocibelli
I
A
EUR/ USD Daily Technical Analysis 3rd August 2012
Replies
3
Views
1K
Amy Forex
A
G
EUR/USD Analysis
Replies
4
Views
2K
bitrader
B
winyoung
AUD/USD Price Analysis
Replies
0
Views
414
winyoung
winyoung
SOLIDECN
Gold Updates by Solid ECN
2
Replies
38
Views
3K
iskanderry
I
Top