K.I.S.S analysis EUR/USD

[victoriajensen]

EUR/USD has been moving to the downside ever since it broke out below the support at 1.0585. Next target is likely the previous low at 1.0494.

 

[rosentray]

EUR/USD reached lower today due to positive US data. The pair went to a low of 1.0532 and is now back up again above 1.0550 currently trading at 1.0560.

 

[FX WES]

EUR/USD is moving to downside and currently is trading at weekly lows around 1.0535 – 1.0530. The euro is under pressure ahead of the ECB meeting, while the US dollar is generally stronger. As no surprised from ECB are expected, the pair is more likely to move even lower towards the 1.0500 handle.

 

[rosentray]

EUR/USD is trading steadily in the early European hours today with price around 1.0540. First support is seen at 1.0532, while first resistance is seen at 1.06.

 

[honeill]

On yesterday session, the EURUSD fell but with a narrow range and closed near the low of the day, in addition managed to closed below Tuesday’s 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 1.0644 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0569 (resistance) a daily support at 1.0527 and other daily support at 1.0462.

 

[rosentray]

EUR/USD continues to hover around 1.06 as market participants are expecting the latest NFP and jobs data. Price is expected to consolidate around current levels until the news release later today.

 

[honeill]

On yesterday session, the EURUSD initially fell but found enough support at 1.0527 to reverse 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 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 1.0644 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0571 (support) a daily support at 1.0527 and other daily support at 1.0462.

 

[arigoldman]

Less than an hour to go before the NFP and Jobs data is released. My guess is lower than expected and a depreciation in the US dollar.

 

[victoriajensen]

The fundamentals today pushed EUR/USD to the upside. The pair will likely reach at least 1.0680, which is the (MA)89 indicator on the daily time-frame.

 

[FX WES]

EUR/USD moved higher afer the US macro data released on Friday. The pair marked 3-week high, but yet remains capped by the major resistance at 1.0700.

 

[idimitrov]

The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1,0678, gaining 0.96%. I believe that support is now at around 1.0523, Thursday's low, and resistance is likely at 1.0699, the high of Friday's trading.

 

[csc2009]

Break above the key resistance zone 1.0700/10 would confirm further upward trend extension.

 

[fxstrategist]

Eurusd

The EURUSD has reached the 1.0700 zone again and it is possible to find some resistance in that zone.

 

[rosentray]

EUR/USD is trading to the upside in today's session after the pair started rallying in the end of last week. Price is now 1.0708 and market participants are expecting Mario Draghi's speech in Frankfurt later today.

 

[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 closed above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0646 (support), a daily support at 1.0622, the 10-day moving average at 1.0580 (support) a daily support at 1.0527 and other daily support at 1.0462.

 

[victoriajensen]

EUR/USD broke out above 1.0680, eventually reaching 1.0713 before bouncing off from it and it will likely retrace back to 1.0650 - 1.0640.

 

[FX WES]

Yesterday the EUR/USD pair marked intraday high at 1.0713, but closed lower around 1.0650. Short term indicators remain bearish, but ahead of FOMC outcome I doubt to see the pair below 1.0600.

 

[rosentray]

EUR/USD is now trading at 1.0638 in anticipation of tomorrow's US CPI and Retails Sales. The continuation of consolidation is expected to continue until the news release.

 

[honeill]

On yesterday session, the EURUSD initially tried to rally but found enough selling pressure at 1.0713 to give all of its gains back to the market and closed in the red, near the low of the day, however closed within Friday’s range, which suggests being slightly on the bearish side of neutral.

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

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0647 (support), a daily support at 1.0622, the 10-day moving average at 1.0600 (support) a daily support at 1.0527 and other daily support at 1.0462.

 

[victoriajensen]

EUR/USD reached the support at 1.0630. More importantly, it has formed a shooting star candlestick on the daily time-frame below the resistance at 1.0713 which is a signal that the move to the downside should continue. That said, the fundamentals this week could change that.