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

Eur/Usd broke out of its consolidation range with a nearly 40 pips up gap, it may suggesting the likelihood of upward extension to 1.0870 zone.

On the last Friday’s session the EURUSD went back and forward without any clear direction but closed in the green, in the middle of the daily range, in addition 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 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, the 200-day moving average at 1.0846 (resistance), daily resistance at 1.0819, the 10-day moving average at 1.0751 (support), daily support at 1.0713 and the 50-day moving average at 1.0660 (support).

Trumpcare resulted in new yearly highs for EUR/USD and the pair moved above 1.0860 level. Next bulls target is seen at 1.0880.

EU is taking a lot of names today. You can look over all the social trading networks and you will see all the EU threads are silent. Clearly many people are holding the bag on this EU long.

Here is where the high tf traders, talk about this being a “stop hunt”. Clearly if a person would of taken the long, they would be on the right side of the trade, trailing at every daily pivot touched! This is why, everyone should be studying price action, in order to not end up on the wrong side of the trade. :slight_smile:

EUR/USD reached 1.0900 today and is currently testing the resistance at that level. A breakout above it will likely lead to a further move to the upside towards 1.0965 - 1.0970.

On yesterday session, the EURUSD tried to rally but found enough resistance at 1.0900 to trim some of its gains and closed in the middle of the daily range, however managed to close above Fridays’ high, which suggests being a bullish momentum.

The currency pair is trading above the 10, the 50 and the 200-day moving averages that should provide dynamic support.

The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0842 (support), daily resistance at 1.0819, the 10-day moving average at 1.0786 (support), daily support at 1.0713.

EUR/USD is keeping the bullish stance today. Technical readings on the four-hour frame are showing slight corrective mode. Should the pair conquer 1.0890, the rally might be extended towards 1.0930.

Not only did the pair fail to break out above 1.0900, but it also formed a shooting star candlestick on the daily time-frame at that resistance level, and there will likely be a new move to the downside.

On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition managed to close below Monday’s low, which suggests a strong bearish momentum.

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support and closed back down the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0841 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0790 (support), a daily support at 1.0713.

EUR/USD did move to the downside after forming a shooting star candlestick on the daily time-frame at 1.0900. It’s currently testing the support at 1.0750, which coincides with the (MA)89 indicator on the four-hour time-frame, and a breakout below that level will likely lead to a further drop towards 1.0700.

EUR/USD met huge selling pressure and today is trading lowest for the week. Short term outlook remains bearish with critical support at 1.0735. In case of breaking it, further downslope might lead the towards teh stronger one at 1.0700.

On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Tuesdays’ low, which suggests a strong bearish momentum.

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

The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0839 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0793 (resistance), a daily support at 1.0713, the 50-day moving average at 1.0670 (support).

The single currency recorded negative session against the US dollar on Wednesday. The pair lost 46 pips at a closing price of 1.0765. Daily extreme values ​​were reached respectively at 1.0826 and 1.0739. If downward direction continues the pair will move towards support at 1.0550.

Key levels to watch for:
Support: 1.0550; 1.0370;
Resistance: 1.0815; 1.0980.

EUR/USD finally broke out below 1.0750 and the path to 1.0700 is clear. The question is whether it will be able to break out below that level too, if it does there will likely be a further drop towards 1.0630.

EUR/USD performed worst for March and closed at 1.0685. The pair broke the ctitical support at 1.0700 and it looks that the price will extends its slide to downwards.

On yesterday session, the EURUSD fell again with a wide range and closed near the low of the day, in addition managed to close below Wednesday low, which suggests a strong bearish momentum.

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

The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0837 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0787 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0668 (support) and a daily support at 1.0622.

EUR/USD is about to close the week consolidated around 1.0680. The price is now 1.0674 as bears have taken control again due to strong US data.

With the beginning of the current week the EUR/USD pair marked a fresh 4 month high, but meanwhile since then started to drop to currently trade at 1.0680. The short term outlook remains bearish. Key support is standing at 1.0660 and in case of breaking it, further weakness is seen around 1.0620 area.