K.I.S.S analysis EUR/USD

[csc2009]

On the upside, the pair seems have lost it's strength and downside movement seems limited above 1.1100 level.

 

[fxstrategist]

Eurusd

The rally on the EURUSD may continue and the pair may try to reach the 1.1300 level.

 

[FX WES]

EUR/USD recorded a decline on Friday. The session started at 1.1206 and the euro lost 54 pips after the US NFP report proved weaker than expected. Daily extreme values were reached respectively at 1.1243 and 1.1109. If the downward trend continues, the euro will reach the support at 1.1100.

 

[honeill]

On the last Friday’s session the EURUSD tried to rally but found enough resistance at 1.1237 to reverse and closed in the red, near the low of the day, however managed to close within the previous day range, suggesting a weak bearish momentum.

The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.

The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0961 (support) and the 50-day moving average at 1.0909 (support).

 

[victoriajensen]

The pair reached the support at 1.1086, formed a hammer candlestick on the one-hour time frame and started moving to the upside again. It's currently testing the resistance at 1.1140 and a breakout above that level would mean that it will likely continue climbing towards 1.1180 - 1.1200.

 

[deresel]

The pair started rising. The main fundamental factors remain to support the US dollar. The rise last week showed that the time for correction has come.

 

[Sherif Fares]

EUR/USD is stuck between support and resistance 1.100 - 1.1200 for the past 3 days.

 

[Abdul2012]

Yes Sherif and we stuck with it too, Hope the EUR/USD continue to climb to 1.1400 level this week.

 

[csc2009]

On the upside, the pair lack of strength to go above 1.1200 handle, and with limitation on the downside too Eur/Usd is still directionless.

 

[FX WES]

The single currency recorded an increase against the US dollar on Monday. After a volatile session, the euro added 51 pips at a closing price of 1.1192 points. The pair bounced from support at 1.1100 and headed up. If the upward trend continues, the pair will test the first resistance at 1.1286.

 

[honeill]

Yesterday the EURUSD initially fell but found enough support at 1.1097 to turn around and close near the high of the day, however closed within the previous day range, suggesting a weak bullish momentum.

The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.

The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 10-day moving average at 1.1045 (support), the 200-day moving average at 1.1026 (support), and the 50-day moving average at 1.0923 (support).

 

[deresel]

In my opinion the next interesting levels to watch for are: Support - 1.1100; 1.0975; 1.0854; Resistance - 1.1286.

 

[victoriajensen]

The move to the upside continues, the pair will likely reach 1.1400 soon and I think it's possible it will reach 1.1500 too in the foreseeable future.

 

[Sherif Fares]

EUR/USD continue climbing again. I dont see any obsticle infront of the pair to stop the price progress till 1.1350.

 

[Abdul2012]

The EUR/USD in it is way to the resistance level at the 1.1400 if it is broke above the 1.1340 today.

 

[csc2009]

The move to the upside continues, the pair will likely reach 1.1400 soon and I think it's possible it will reach 1.1500 too in the foreseeable future.

I agree, the rally could extend further to the next handle at 1.1460, but in the short term upside movement seems has lost its strength and currently correcting around 1.1280/90.

 

[FX WES]

The single currency recorded a second consecutive positive session on Tuesday. After a volatile trading day, the euro added 99 pips at a closing price of 1.1291. The graphics continue to develop over moving averages, while the index of relative strength remained on neutral territory. The outlook remain in favor of the bulls, but for further gains is needed a break of levels at 1.1363.

 

[deresel]

The single currency reached a 3-month high against the US dollar, climbed to 1.1292 an increase of 0.92% for the day. The daily range was between 1.1162 and 1.1338, which is the highest level of the euro from October 21 onwards. For the past 12 sessions, this is the 10th in which the euro rises since the beginning of the year, the single currency has risen by about 4.5 percent against the dollar.

 

[honeill]

Yesterday the EURUSD initially fell but found enough buying pressure to turn around and close near the high of the day, on the other hand closed above the previous day high suggesting a strong bullish momentum.

The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support in addition the 10-day moving average crossed above the 50 and 200-day moving averages.

The key levels to watch are: The daily resistances at 1.1555, other daily resistance at 1.1460, daily support at 1.1237, other daily support at 1.1097, the 10-day moving average at 1.1097 (support) and the 200-day moving average at 1.1026 (support).

 

[csc2009]

The pair is in downward correction mood ahead of Yellen's testimony, on the upside immediate resistance level can be found at today's high 1.1311.