K.I.S.S analysis EUR/USD

[FX WES]

EUR/USD continues to keep downward pressure and is exposed to extend further decline. Resistance is seen at 1.18 while conversely support lies at 1.17.

 

[FX WES]

Given the absence of any major events today that could set direction, EUR/USD is seen at neutral stance.

 

[EnlightenedJoe]

I propose and pray for a rally stance for EUR/USD.

 

[honeill]

On yesterday session, the EURUSD initially fell but found enough support to erase all of its losses and managed to close near the high of the day, however the currency pair closed within Tuesday’s range, which suggests being slightly on the bullish side of neutral.

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 daily resistance at 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1795 (resistance), a daily support at 1.1460 and other daily support at 1.1556.

 

[LionelID]

The euro / dollar did not make a substantial move yesterday. Price went down, forming a bottom at 1.1688, but closed higher at 1.1757. The signals are neutral for now. We have an intraday resistance around 1.1785. A clear breakthrough over it can cause further upward pressure for testing at 1.1820 / 50. On the downside, 1.1650 remains key support. A clear break below this level should break the bullish scenario and activate the neutral model.

 

[Jenny FX]

The euro recorded a volatile session against the dollar on Wednesday. The pair stayed at the lower levels from the day before and if the bearish sentiment again prevailed, support at 1.1670 will be overcomed. The trading day on Wednesday began at a price of 1.1750 and the final was 8 pips higher. The trend was not clear, with the difference between the highest and the lowest price was 27 pips.

 

[Jenny FX]

Key levels to watch for:
Support 1.1670; 1.1608;
Resistance: 1.1969; 1.2121;

 

[victoriajensen]

EUR/USD continues consolidating sideways above 1.1700 and that consolidation might continue until the end of the trading week unless the fundamentals cause some greater volatility.

 

[FX WES]

US PPI data eased the bearish momentum of EUR/USD and the pair pushed higher to currently trade at 1.1778. Next target for the bulls is located at 1.1820.

 

[fxstrategist]

Eurusd

The EURUSD is still trapped between the 1.1700 level and the 1.1800 level, no clear direction until one of those levels is broken.

 

[honeill]

On yesterday session, the EURUSD initially fell but found enough support to erase all of its losses and managed to close near the high of the day, in addition closed above Wednesday’s high, which suggests a strong bullish momentum.

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 daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1791 (resistance), a daily support at 1.1753, a daily support at 1.1460 and other daily support at 1.1556.

 

[arigoldman]

This past week the Euro did not do much, maybe a correction is ahead.

 

[victoriajensen]

The fundamentals did push EUR/USD to the upside today, not to mention that the pair formed a pair of hammer candlesticks at 1.1700 on the daily time-frame before the rally. That said, the continuation of the bullish trend will be confirmed if the pair breaks out above the previous high at 1.1910.

 

[EnlightenedJoe]

Short £1.20/point @1.18393, no limits

 

[LionelID]

The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1822, gaining 0.42%. I believe that support is now at around 1.1687, the minimum of Wednesday, and the resistance is likely to come in at 1.1846, the high of Friday's trading.

 

[EnlightenedJoe]

Would be nice if it gaps down on open and then rallies.

 

[csc2009]

The pair seems consolidating in the positive territory, limited upward strength due to low volume, I'm expecting bullish trend continues next week.

 

[honeill]

On the last Friday’s 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 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: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1794 (support), a daily support at 1.1753, a daily support at 1.1460 and other daily support at 1.1556.

 

[csc2009]

Eur/Usd is struggling regain 1.18 level, but downside seems limited. Maybe a chance to buy.

 

[EnlightenedJoe]

Closed the lower priced position for a small profit.