K.I.S.S analysis EUR/USD

[rosentray]

Despite the positive US news, the EUR/USD wasn't much affected. The pair remained in pre-data levels gravitating towards 1.0650. Now price is 1.0660 and it seems that it will stay that way until closing. Unemployment to 4.6% is positive with a nice move from 4.9. Here are the news:

USD Change in Non-farm Payrolls (NOV),
Actual: 178k
Expected: 180K
Previous: 142K

 

[FX WES]

The EUR/USD pair was seen higher at 1.0680, below the weekly high pinned at 1.0689, but quickly retreated and closed the week around 60 pips higher. In the upcoming days the focus will be set on the Italian referendum that was held today and the ECB's meeting next Thursday.

 

[csc2009]

Big bearish gap, Italy referendum is taking control. Eur/Usd is testing key support zone 1.0500/10, below it parity is not far off.

 

[FX WES]

The EUR/USD pair slupmed sharply after the negative Intalian vote. The pair tested the 1.05, a level that has not been visited since March 2015. RSI is placed at negative territory, the stochastic is showing strong bearish momentum. Current market price is 1.0573. Resistance is seen at 1.0605 while support is located at 1.0507.

 

[rosentray]

EUR/USD reached a 20-month low today as the Italian referendum returned a "No" vote. Prime minister Matteo Renzi said he will hand in his resignation tomorrow. The EUR/USD reached a low of 1.0505 and is now trading at 1.0595.

 

[victoriajensen]

Big bearish gap, Italy referendum is taking control. Eur/Usd is testing key support zone 1.0500/10, below it parity is not far off.

The pair recovered the gap but it looks like there will be a new move to the downside. It has formed several shooting star candlesticks on the thirty-minute time-frame below the resistance at 1.0730.

 

[FX WES]

The single currency marked steady growth on Monday amid the negative result on the Italian referendum and the positive data on retail sales in the eurozone. The euro added 116 pips to 1.0763 and reached highest level at 1.0795. 1.0505 acted as support which technically led the EUR/USD pair to third consecutive day of increase. Bulls are now encouraged and next target appears to be 1.0820.

 

[rosentray]

The euro has strengthened against its counterparts as yesterday's referendum turns out to be favoring the common currency. EUR/USD is now above 1.0750 and it looks like it is bound to go higher. In light of this, Gold price is falling, and the divergence between both is not a good indicator as they usually go in the same direction.

 

[victoriajensen]

EUR/USD reached the resistance at 1.0800 and began consolidating sideways. Currently there are several candlesticks on the four-hour time-frame that indicate an impending move to the downside, namely a shooting star, a doji and a spinning top, and if that signal is valid the pair will likely reach the support at 1.0682, which coincides with the (MA)89 indicator on the same time-frame.

 

[fxstrategist]

Eurusd

The EURUSD has retraced to the 1.0700 level, but it may try to go back to the 1.0800 level. A breakout of the 1.0800 level may take the pair to the 1.0900 zone.

 

[FX WES]

The posistive GDP data in the euro zone couldn’t support enough the euro during yesterday’s trading and session closed 47 pips lower to 1.0716. Currently the EUR/USD is trading sideways above 1.07 mark. A break above 1.0746 would lead the pair to test 1.08 levels. Support is seen at 1.0694.

 

[victoriajensen]

EUR/USD is very undecided and is caught in a tight 20-30 pips range. It will likely continue until Mario Draghi's press-conference tomorrow.

 

[deresel]

Key levels to watch for:
Support: 1.0690; 1.0510; 1.0460;
Resistance: 1.0820; 1.0945; 1.1030.

 

[idimitrov]

The euro rose against the dollar on Wednesday. By the close of US trading EUR/USD was trading at 1.0750, gaining 0.30%. I believe that the support is now located at the level of 1.0503, Monday's low, and resistance is at the level of 1.0798 - Monday's high.

 

[rosentray]

Euro is taking a beating after the Draghi speech when it became clear that the ECB will continue its easy monetary policy. The pair went from 1.0872 to current market price of 1.0600, which is also the lowest point since the event.

 

[idimitrov]

The dollar rebounded against a basket of currencies on Thursday after the European Central Bank has stated that they intend to extend their asset purchase program by another nine months, while the US labor market data fell short of the forecast.
The EUR/USD fell by 0.43% to 1.0712, falling from session highs at 1.0873.

 

[FX WES]

Following the announcement by ECB the single currency recorded its biggest drop against the dollar since June. As expected the bank is extending the program of quantitative easing, but surprised markets with lower monthly volume of purchases. The EUR/USD pair wiped out 139 pips to 1.0612. The price went below the moving averages, while RSI is losing ground. Attitudes remain negative and break of 1.0580 will contribute to further decline.

 

[rosentray]

EUR/USD is trading lower in today's session after yesterday's attempt to push higher. The speech by ECB President Mario Draghi was the catalyst that drove the price down. Currently, EUR/USD is trading at 1.0538.

 

[rosentray]

Have in mind that the FED meeting on 13-14 Dec will decide whether or not the rates are going up. This would be one of the most anticipated events of the year. Until then the US dollar dominance is expected to continue.

 

[FX WES]

The EUR/USD pair has turned to bearish mode and is very close to the yearly low pinned this December at 1.0504. The current market price is 1.0551 and the risk is clearly facing the downside, with a break below 1.0500.