K.I.S.S analysis EUR/USD

On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition the currency pair managed to close below Thursday low, which suggests a strong bearish momentum.

The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0637 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0562 (resistance) a daily support at 1.0527 and other daily support at 1.0462.
 
EUR/USD is trading relatively unchanged today gravitating towards 1.0520 in anticipation of the latest ISM Non-Manufacturing Composite data scheduled for later today. Another important market mover will be FED Chair Yellen's speech on the Economic Outlook.
 
EUR/USD finally bounced off from 1.0493 today after forming several doji candlesticks on the four-hour time-frame above that support as well as a double bottom. The pair is still moving to the upside and it will likely reach at least 1.0600.
 
The dollar changed unsignificantly near a seven-week high against other major currencies. Traders are taking profits after the recent rise of the dollar. The dollar has a growing against the probability of a US interest rate hike this month.
EUR/USD rose by 0.15% to 1.0550, moving away from the previous session week low at 1.0492.
 
On Friday, the dollar fell against other major currencies. Traders continued to take profits after a recent rise in price of the dollar to a maximum of seven weeks. However, the depreciation of the dollar is limited because of the increasing likelihood of higher interest rates in the US this month. EUR/USD rose by 0.48% and closed the week at 1.0621.
 
The Euro got a breath a fresh air on Friday, but i think the US domination will continue in the short-term.
 
Trump did not mention anything about his new tax policy, that create uncertainty in the future might hurt Dollar further, next resistance zone around 1.062/063, upward trend might continue if it break above.
 
EUR/USD is trading at 1.06 in the preopening hours of the European session today. The pair is consolidating around that level in anticipation of this week's events, namely the NFP and jobs data scheduled for Friday. Current market price 1.0599.
 
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 closed above the 10-day moving average that should provide a dynamic support but continues to trade below the 50 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0643 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0563 (support) a daily support at 1.0527 and other daily support at 1.0462.
 
EUR/USD will likely start moving to the downside again, especially if it breaks out below 1.0585, which is the (MA)89 indicator on the four-hour time-frame - it has formed several spinning top candlesticks on the same time-frame below the resistance at 1.0640.
 
EUR/USD was seen higher today, but was unable to hold above 1.0600. Currently the pair is testing lows around 1.0578. Meanwhile technical indicators are loosing strength. Immediate support is seen at 1.0525 area and in case of breaking below it, further downslide could be extented towards 1.0500.
 
EUR/USD has consolidated around 1.0580 in expectation of this week's data. Market sentiment is predominantly bearish for the pair with major target at 1.0490. Below that, bears would have the advantage of weak support and the opportunity to go to parity.
 
EUR/USD bounced off the lows and now is seen hovering around 1.0600. It’s not sure whether the bulls will find enough strength to hold above this line. Since the beginning of February the pair is moving to downwards and in case of breaking below the key support at 1.0550, EUR/USD will be poised to decline further.
 
On yesterday session, again the EURUSD initially tried to rally but found enough resistance at 1.0622 to give all of its gains back to the market and closed in the red, near the low of the day, in addition closed within Monday’s range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading above the 10-day moving average that should act as a dynamic support but it continues to trade below the 50 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0644 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0573 (support) a daily support at 1.0527 and other daily support at 1.0462.
 
It seems to me that it’s better to short EURUSD during this week.
There are several reasons for this:
1) FedWatch Tool is at 84.1%
2) Elections in France continue to pressure the euro
3) The latest statistics from the US was at a fairly high level.
I expect a positive report on the labor market this Friday. I’m going to sell the pair after 1.0560-1.0550
 
Yesterday teh EUR/USD pair was trading within tight range. Currently the outlook remains unchnaged and the pair continues to consolidate. Technical indicators have lost momentum and in the short term bearish sentiment prevails.
 
On yesterday session, the EURUSD initially tried to rally but found yet again enough resistance near Tuesday open to give all of its gains back to the market and closed in the red, near the low of the day, in addition managed to closed below Tuesday’s low, which suggests a strong bearish momentum.

The currency pair closed below the 10-day moving average and is now trading below the 10, 50 and 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0645 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0571 (resistance) a daily support at 1.0527 and other daily support at 1.0462.
 
On Tuesday, the single currency recorded a modest decline against the US dollar. The session started at 1.0579 and ended 14 pips lower. If the downward trend continues, most likely the dollar will test the first support located at 1.0550. Otherwise, on the upside, the pair will go toward resistance at 1.0815.
 
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