K.I.S.S analysis EUR/USD

On yesterday session, the EURUSD initially rallied but found enough selling pressure to give back to the market most of its gains and managed to close in the middle of the daily range, however closed within Wednesdays range, which suggests being clearly neutral, neither side is showing control.

The currency pair continues to trade above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, a key level at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0562 (support), the 10-day moving average at 1.0536 (support) and a daily support at 1.0462.
 
EUR/USD is trading steadily in today's session due to lack of fresh news that can stir the market. Later today we have the Advance Retail Sales and Michigan Confidence. The events have the potential to create the outlook for market behavior for next week.
 
The single currency marked a modest increase against the US dollar on Thursday. The price continues to move above the moving averages, while RSI remains on neutral territory. If the EUR/USD pair continue to push higher, the next target is the resistance located at 1.0815.
 
The mixed US data released today supported the US dollar for shortly. Anyway the EUR/USD pair is on track to close its fourth consecutive week with gains. While the pair is staying above 1.0600, the bias remains bullish.
 
The euro rose against the dollar on Friday. By the close of US trading EUR/USD was trading at 1.0644, gaining 0.30%. I believe that the support is now located at the level of 1.0452, Wednesday's low and resistance is likely at the level of 1.0687 - the maximum of Thursday.
 
At the end of the trading week, the dollar remains under pressure, continuing to digest vague news conference of elected US President D. Trump. The absence of new information about the future economic policy of the new administration makes players doubt that this year the conditions for the three Fed rate increases.
 
idimitrov said:
At the end of the trading week, the dollar remains under pressure, continuing to digest vague news conference of elected US President D. Trump. The absence of new information about the future economic policy of the new administration makes players doubt that this year the conditions for the three Fed rate increases.
Click to expand...

Yeah, so far Trump brings a lot of volatility and pressure for the dollar.
 
idimitrov said:
It's possible, that Trump's administration will aim to weaker dollar, in favour to US exporters.
Click to expand...

That is a good point. I hadn't thought about that. I do think that a stronger dollar is more likely. If Trump taxes imports then this will cause inflation to go up
 
On the last Friday’s session the EURUSD rose with a narrow range and closed in the middle of the daily range, in addition managed the currency pair managed to close within Thursday’s range, which suggests being clearly neutral neither side is showing control.

The currency pair is trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, a key level at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0560 (support), the 10-day moving average at 1.0554 (support) and a daily support at 1.0462
 
EUR/USD is trading to the downside in today's early European hours as market participants are expecting the speech of Theresa May that may influence the Sterling. Traders are heading to the stronger US dollar in an attempt to preserve their capital in case of unwanted volatility in the UK currency. CMP 1.0584 EUR/USD.
 
EUR/USD bounced off 1.0685 last week and started falling. The pair is currently testing the support at 1.0580, if it breaks out below that level it will likely continue falling towards 1.0540.
 
During the European session the EUR/USD pair fell to 1.0578, mostly due to hard Brexit fears. Later on the pair returned back above 1.06 mark, as the single currency was well supported by Euro Zone’s trade figures.
 
During the early Asian session the EUR/USD escaped from the consolidative mode and rallied higher. The pair marked a daily at high at 1.0650 and the current market price is 1.0645. Today are expected German ZEW numbers, UK PM’s Brexit speech and US manufacturing index, which will bring significant impact on the pair.
 
On yesterday session, the EURUSD fell with a narrow range but found enough support at the 10-day moving average to trim some of its losses and managed to close in the middle of the daily range, however closed below Fridays low, which suggests a bearish momentum.

The currency pair is trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, a key level at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0586 (support), the 50-day moving average at 1.0556 (support) and a daily support at 1.0462.
 
EUR/USD is trading to the upside in today's session after the selling ended yesterday. The pair is now 1.0676, close to day high at 1.0678. Theresa May's speech may affect the currency pair as traders might flee from Sterling on signals for a hard Brexit.
 
The euro marked strong increase against the US dollar on Tuesday session. The EUR/USD pair reached intraday high at 1.0718 and the euro gained 115 pips. The resistance at 1.0682 was broken and the pair closed above this level. If the positive momentum continues, the next key level at 1.0742 will be tested soon.
 
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above previous day high, which suggests a strong bullish momentum.

The currency pair is trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, a key level at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0597 (support), the 50-day moving average at 1.0557 (support) and a daily support at 1.0462.
 
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