K.I.S.S analysis EUR/USD

On the last Friday’s session the EURUSD rose with a narrow range and closed near the high of the day, however the currency pair closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.

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 1.1829, other daily resistance at 1.1753, the 10-day moving average at 1.1649 (support), a daily support at 1.1460 and other daily support at 1.1556.
 
Not only did EUR/USD rally again today, but it finally broke out both above the previous high at 1.1775 and above 1.1800. The trend is very bullish and there are no major resistance levels on the way up.
 
EUR/USD continued the rally and marked fresh new high today at 1.1830. Short term correction is expected as indicators are showing overbought signals.
 
On yesterday session, the EURUSD rallied again but this time with a wide range and closed near the high of the day, in addition the currency pair closed above Friday’s high, which suggests a strong bullish momentum.

The currency pair continues 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 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1700 (support), a daily support at 1.1460 and other daily support at 1.1556.
 
My EURUSD Signals Position

EURUSD Status: Close

Entry Point: Sell at 1.1712 Take Profit: 1.1681 Stop Loss: 1.1753
 
EUR/USD is consolidating sideways between 1.1800 and 1.1845. The pair is still very bullish and even if there is a brief retracement to the downside it will likely continue rallying.
 
After having marked fresh high at 1.838, the EUR/USD lost momentum and is currently trading at 1.1797. Nevertheless it’s early to assume that the pair has started deep correction, as the US dollar remains fragile amid the political jitters.
 
Eurusd

The EURUSD may try to find some resistance at the 1.1800 level, but the bullish trend is still in place and a visit to the 1.2000 level is still on the horizon.
 
fxstrategist said:
The EURUSD may try to find some resistance at the 1.1800 level, but the bullish trend is still in place and a visit to the 1.2000 level is still on the horizon.
Click to expand...

I agree, the pair is consolidating on the upside, still holding yearly high. Break above the immediate resistance level at 1.1845 would open the door to 1.19.
 
On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, however the currency pair closed within Monday’s range, which suggests a being slightly on the bearish side of neutral.

The currency pair continues 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 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1735 (support), a daily support at 1.1460 and other daily support at 1.1556.
 
EUR/USD formed a new high at 1.1870 and continues moving to the upside. Next target is likely around 1.1900.
 
Stay above buyers still feeling good. A break below and the waters are more muddy.

The EURUSD broke above the 1.1876 and ran. The run did take the price above a topside trend line on the hourly at 1.1894. We moved back below the trend line and are back retesting the old resistance level at 1.1876 level.
What was resistance is now support. There should be traders who will lean with a stop on a break back below.
If the price does go higher, the trend line above at 1.18994 will be the target to get to and through now.
 
New fresh high for the EUR/USD pair was marked today at 1.1911. The upward momentum remains actual, but on Thursday we may calm down ahead of the release of services and composite PMIs in the euro zone and on the other coast we expect the US Nonfarm Payroll report. Well dips are still seen as buying opportunities.
 
On yesterday session, the EURUSD initially rose but found enough selling pressure to trim some of its gains and closed in the middle of the daily range, however the currency pair managed to close above Tuesday’s range, which suggests bullish momentum.

The currency pair continues 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 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1755 (support), a daily support at 1.1460 and other daily support at 1.1556.
 
Today the EUR/USD pair peaked very close to 1.19, but retreated few pips lower. Anyway the pair is up for third consecutive week and the price is developing around its yealy high. As there no signals for upward exhaustion, the rally might extend to the ctritical 1.12 handle.
 
EURUSD makes another break for it. Extends above resistance.

Can it hold support now

The EURUSD has made another break to the upside as we head into the 4 PM London fixing. The break has pushed the price back above the 1.1876 level (June 2010 swing low). The high extended to 1.1893.

Can the level hold. We are retesting it now. Weaker US data, stalled a earlier NY session rally.
 
EUR/USD is consolidating sideways slightly below 1.1900. The fundamentals tomorrow may push the pair above that level.
 
victoriajensen said:
EUR/USD is consolidating sideways slightly below 1.1900. The fundamentals tomorrow may push the pair above that level.
Click to expand...

I agree, short term correction movement does not change the bullish trend, once the pair break above 1.19 level, next target would be 1.20.
 
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair continues 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 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1782 (support), a daily support at 1.1460 and other daily support at 1.1556.
 
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
420
winyoung
winyoung
SOLIDECN
Gold Updates by Solid ECN
2
Replies
38
Views
3K
iskanderry
I
Top