K.I.S.S analysis EUR/USD

Yesterday EURUSD rose with a wide range and closed near the high of the day, in addition managed to close above the previous day high also engulfing the previous four days suggesting a strong bullish momentum.

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

According to Janet Yellen the economic activity has been expanding at a moderate pace however lowered the GDP growth plus inflation estimates for this year and 2017.

The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1121 (support) and a daily support at 1.1097.
 
The EUR/USD rose to a new highs amid dovish tone by the FED. The pair is currently trading at 1.1330 with a high of 1.1342. First strong resistance is seen at 1.1410, while first strong support is seen at 1.1150.
 
The fundamentals pushed the pair above the resistance at 1.1200, but EUR/USD is yet to break above the previous high at 1.1380. Should that happen I think we can expect a further climb towards the next resistance at 1.1500, perhaps even 1.1550.
 
Eurusd

The EURUSD breaks above the 1.1300 level as expected and the bullish momentum may continue towards the 1.1400 level.
 
The single currency continued to add value against the dollar during yesterday's session, gaining almost 100 pips to 1.1314. Trading took place within the extreme values 1.1205 and 1.1342, and thus the euro scored a one month peak. Currently, the bulls remain in a leading position as an immediate target appears to be 1.1380.
 
Yesterday EURUSD rose again but this time with a narrow range and closed near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.

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

Today we may see some sell as traders close some positions due to profit taking and not hold full positions over the weekend.

The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1152 (support) and a daily support at 1.1097.
 
Interesting levels to watch for:
Support: 1.1240; 1.1070; 1.0790;
Resistance: 1.1380; 1.1485.

EURUSD.jpg
 
The EUR/USD is trading close to yesterday's levels around 1.13, currently at 1.1272. Main trend remains bearish with first resistance at 1.1410, which is where bulls are trying to go. On the other hand, first support level is 1.1140.
 
ECB signaled that they reached the peak at negative interest rates after a year and a half of implementation without significant result. This does not mean that these incentives will not stay long in power. Probably zero interest rates will persist, which will benefit industrial companies and major European exporters. Commercial banks will suffer from interest rate policy, with continuing heavy restructuring. There is no reason to expect a significant change in the exchange rate of the euro against the dollar over the next six months, a modest increase in US interest rates will not be enough to boost the dollar.
 
rosentray said:
The EUR/USD is trading close to yesterday's levels around 1.13, currently at 1.1272. Main trend remains bearish with first resistance at 1.1410, which is where bulls are trying to go. On the other hand, first support level is 1.1140.
Click to expand...

I think it will have to break below 1.1200 before reaching 1.1140, since 1.1200 is also a considerable level of support.
 
USD felt cheap thrills this week, but still can feel the beat on years of rally and the closeness of near-decade high.
 
Prices are well above 100 and 200 moving averages, further rally might be expected, next immediate resistance can be found at 1.1340/45 zone.
 
Eurusd

The EURUSD may find a good resistance at the 1.1400 level and support at the 1.1200 level. The 1.1100 level could also act as a support.
 
Basically the price is still in bullish phase but it’s needed a clear break and persuasive movement above the trendline and 1.1340 for the continuation of the bullish phase targets near 1.1500. On the downside, key support remains 1.1240 - 1.1200.
 
On the last Friday’s session the EURUSD fell but with a narrow range and closed near the low of the day, however closed within the previous day range, suggesting a weak bearish momentum.

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

Today we may see another correction day with a potential test of the 1.1237 daily support or even down to 1.1218 previous swing high.

The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1150 (support) and a daily support at 1.1097.
 
The EUR/USD is trading lower in todays session. The pair is currently at 1.1260. Price continues to be range bound as traders and investors wait for news to stir the market. First support remains 1.1070, first resistance 1.1410.
 
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