K.I.S.S analysis EUR/USD

[honeill]

Yesterday EURUSD went back and forward without any clear direction but still closed in the red, in the middle of the daily range, in addition managed to close within the previous day range, which suggests clearly neutral market, neither side is showing control.

The pair is trading above the 10, 50 and 200-day moving averages that are acting as dynamic supports.

The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1460, the 50-day moving average at 1.1302 (support) and a daily support at 1.1237.

 

[rosentray]

EUR/USD is trading lower today after the speech of FED's Yellen. Key remarks highlighted in her talk were the strengths of the US economy and the reason for such a low jobs report. She emphasized how traders and investors should not overreact to a single report. This appers to have worked, as the US dollar is stronger today.

 

[rosentray]

We should continue to monitor this pair as it reached prior high acting as resistance.

 

[deresel]

The dollar slowed its decline after the statement of Janet Yellen. Fed chairman said that currently central bank policy is appropriate, but over time interest rates will rise. Yellen also said that it expects inflation to move towards the 2% target over the next few years. For NFP last week, Fed Chairman said that they were "disappointing".

 

[idimitrov]

EUR/USD was indecisive yesterday. Commercial bias remains bullish in nearest term for testing 1.1470. Support for the day remains 1.1285. A clear break and daily close below this level could become a threat to the bullish scenario re-testing the lower line of the bullish channel, but I still prefer a bullish scenario at this stage.

 

[piphoe]

just went long EUR..11354 placed a 30 pip stop

EUR been untradable as of late imo

but taking a shot here

 

[victoriajensen]

I have no intention of opening new longs before the pair breaks above the previous high at 1.1392. Not to mention that there is a doji candlestick on the daily time-frame and we might as well see it start moving to the downside again.

 

[piphoe]

that ramp 6/3 wasn't for naught. must respect it.

 

[deresel]

Key levels to watch for today:
Support: 1.1330; 1.1220; 1.1090;
Resistance: 1.1465; 1.1620.

 

[piphoe]

since that 6/3 ramp ,,,hardly a pullback to speak of

i'm eyeing 11400+

 

[piphoe]

nice to see EUR ramping

lets bust it up

 

[piphoe]

since that 6/3 ramp ,,,hardly a pullback to speak of

i'm eyeing 11400+

lets punch this to 1400...

 

[piphoe]

if we are going to take 1400, we must push 1380 right here

 

[piphoe]

i'm covering over 1370

 

[piphoe]

am i nervous, darn right ..we got take out 70 here

or else, that would confirm everyone is in the sh^tter

 

[piphoe]

i'm covering over 1370

nah, not going to cover 1370...new trgt 1385

 

[piphoe]

i won't wait another 3 weeks..for EUR to move..off the dime

i'm not getting any younger MOVE

 

[piphoe]

we going to take out 70

 

[csc2009]

The pair is back to 1.135 area, terribly tight range, unable to break out, on the upside the psychological resistance is still at 1.1400.

 

[fxstrategist]

Eurusd

The EURUSD stays consolidated below the 1.1400 level, very undecided.