EUR/USD Technical Analysis from a Newbie (need to be confirmed)

The EURUSD weakens and it looks like it finally broke out of the consolidation. The pair may drop to the 1.0900 level.

I agree, my next target at 1.08.

On Friday ECB published the results of the survey from professional forecasters.
Forecasts for 2016 GDP and CPI have not changed, so that the bank have no reason to sharply increase incentives in the near future. A decline of the EUR/USD could be caused only by the power of the dollar, expecting euro weakness in the current situation has no grounds.

The EU is unpredictable at this time , anyone that wants to dip in it should keep a tight S/L just in case .

The single currency recorded a decreased against the US dollar on Friday. The session started at 1.1023 and the pair lost 50 pips at a closing price of 1.0973. The price broke through the first support at 1.0980. In the short term outlook remains negative, the graph continues to develop under the moving averages.

On the last Friday’s session the EURUSD fell with a wide range and closed in the red, near the low of the day, in addition managed to close below Thursday’s low, suggesting a strong bearish momentum.

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

The key levels to watch are: The 50-day moving average at 1.1166 (resistance), the 200-day moving average at 1.1122 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1045 (resistance) and daily support 1.0900.

On Wednesday and Thursday EUR/USD tested the important level around 1.0980, trying to form a double bottom on the daily chart. A break below 1.0910 will confirm the end of the four-week period of consolidation and will pave the way for a test of support 1.0800- 1.0750 dollars.
On the other hand, if the pair goes back above key resistance 1.1050-80 dollar break through 1.1190, it will allow the pair to test 1.1420-30.

EUR/USD bounced off 1.0950 again. Since range continues its next target is likely around 1.1060.

The sungle currency marked a slight increase the US Dollar on Monday. The pair added 21 pips at a closing price of 1.0993. After a volatile session, the price broke the first resistance at 1.0980. Next target appears to be the resistance at 1.1100.

Yesterday the EURUSD initially fell but found enough support at 1.0970 to reverse and closed near the high of the day, although closed within Fridays range, which suggests being slightly on the bullish side of neutral.

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

The key levels to watch are: The 50-day moving average at 1.1159 (resistance), the 200-day moving average at 1.1125 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1026 (resistance) and daily support 1.0900.

The single currency recorded a slight decline against the US dollar on Tuesday. The session started at 1.0994 and closed at 1.0985. The graphics continue to develop under the moving averages, while the relative strength index remained on neutral territory. If the downward trend continues we may expect a break of the support at 1.0980.

Yesterday the EURUSD tried to rally but found enough resistance at the 10-day moving average to reverse and closed near the low of the day, although closed within the previous day range, which suggests being slightly on the bearish side of neutral.

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

The key levels to watch are: The 50-day moving average at 1.1156 (resistance), the 200-day moving average at 1.1126 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1013 (resistance) and daily support 1.0900.

The pair is consolidating in preparation for the fundamentals that will be released later today. I expect it will reach 1.1020 - 1.1030 for now, but once the news come out there should be major volatility.

The EURUSD goes up after the FED report, but the pair on the daily chart stays in a consolidation, no clear direction yet.

The single currency marked an increase against the US dollar on Wednesday. The session started at 1.0985 and closed 72 pips higher. The intraday high was reached at 1.0961 and the low at 1.1064. If the keep the direction, we mayn expect a test of first resistance at 1.1100.

Yesterday the EURUSD initially fell but found enough support at 1.0970 key level to reverse and closed near the high of the day, in addition managed to close above the previous day high, which suggests a strong bullish momentum.

The pair closed above the 10-day moving average that now should act as a dynamic support however it continues to trade below the 50 and the 200-day moving averages that are acting as dynamic resistances.

The key levels to watch are: The 50-day moving average at 1.1155 (resistance), the 200-day moving average at 1.1126 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1015 (support) and daily support 1.0900.

EUR/USD bounced off the resistance at 1.1120, but if it breaks above it next target is likely 1.1160, which is (MA)89 on the daily time-frame.

The euro rose against the dollar on Thursday. By the end of the trading session EUR/USD was trading at 1.1076, gaining 0.14%.
I believe that the support is now located at the level of 1.0950, Monday’s low, and resistance is likely at 1.1119 - a maximum of today’s trading.

Tomorrow morning, European banking organization (EBA) will publish the results of stress tests, but the markets are waiting for this event without much interest. EUR/USD reversal points is about the 1.1175/1.1200, where are the highs of the current range.

The single currency marked a modest rise against the US dollar on Thursday. The session started at 1.1057 and closed only 18 pips higher. The graphics continue to develop over the moving averages, while the relative strength index remaine in neutral territory. Should the pair continue to move up, most likely will try test the first resistance at 1.1100.