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

EUR/USD reached the support at 1.0630. More importantly, it has formed a shooting star candlestick on the daily time-frame below the resistance at 1.0713 which is a signal that the move to the downside should continue. That said, the fundamentals this week could change that.

True, focus turn to tomorrow’s FOMC decision. The pair remains under pressure short-term and is testing support level at 1.0600.

On yesterday session, the EURUSD fell with a wide 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 still trading above the 10 moving average that should provide dynamic support but closed below the 50-day moving average and continues to trade below the 200-day moving average both should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0647 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0611 (support) a daily support at 1.0527 and other daily support at 1.0462.

EUR/USD is currently gravitating around 1.06 handle. From fundamental viewpoint markets attention today will be focused on elections in the Netherlands and mostly on the announcement of the interest rate of Fed.

It’s consolidating above 1.0600 indeed, the consolidation will likely only get tighter the closer we get to the FOMC announcements later today.

What a spike in the EUR/USD! I bet most of the retail traders were caught off guard with all those expectations of a strong US dollar.

On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Tuesday’s high, which suggests a strong bullish momentum.

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, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0650 (support), a daily support at 1.0622, the 10-day moving average at 1.0622 (support) a daily support at 1.0527 and other daily support at 1.0462.

EUR/USD showed strong bullish momentum yesterday and topped at 1.0745. Since the start of today’s session the pair is correcting to downwards and the current market price is 1.0712.

The euro registered a significant increase against the dollar on Wednesday, immediately after the statement of the Federal Reserve on an increase in US interest rates. As a result, the dollar collapsed, and the pair managed to break the resistance at 1.0738. If the bulls continue to dominate, the key level at 1.0774 will be tested soon. The session on Wednesday launched at a price of 1.0607 and the single currency rose by 129 pips to the finish. In the early hours trend was neutral, but in the evening direction changed sharply and the pair reached a peak for the day at 1.0739.

Key levels to watch for:
Support: 1.0522; 1.0491;
Resistance: 1.0738; 1.0774.

What amazes me is how people like Honeill post NOTHING productive, however, he is crowned with such a title, when all he is doing is copy and pasting things he found on another site. Simply look back to my last EU post, and you will see that I was calling long of EU at what turned out to be the last bottom of EU, when everyone was sell heavy!

EUR/USD pushed higher yesterday and closed at 1.0735. The pair is keeping the bullish tone standing above the importnant 1.07 handle with current levels above Wednesday’s high.

On yesterday session, the EURUSD rallied again but this time with a narrow range and closed near the high of the day, in addition managed to close above Wednesday’s high, which suggests a strong bullish momentum.

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, other daily resistance at 1.0819, daily support at 1.0713, the 50-day moving average at 1.0651 (support), the 10-day moving average at 1.0638 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.

EUR/USD formed three spinning top candlesticks on the four-hour time-frame at the resistance at 1.0780 and started moving to the downside. The retracement will likely continue at least until it reaches the support at 1.0700.

The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD is trading at 1.0738, losing 0.26%. I believe that support is now at around 1.0597, Tuesday’s low, and resistance is likely at 1.0783, the high of Friday’s trading.

After had marked a fresh month high at 1.0782, the EUR/USD pair retreated and closed the week at 1.0738. The sentiment remains bullish as long as the price holds above 1.0700 handle.

The pair downside strength seems limited, uptrend would continue as soon as break above immediate resistance level at 1.0780.

On the last Friday’s session the EURUSD fell with a narrow range and closed near the low of the day, although the currency pair managed to close within Thursday’s range, which suggests being slightly on the bearish side of neutral.

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: the 200-day moving average at 1.0855 (resistance), daily resistance at 1.0819, daily support at 1.0713, the 10-day moving average at 1.0653 (support), the 50-day moving average at 1.0653 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.

EUR/USD is trading close to the one month high, which was marked last week at 1.0782. The sentiment remains bullish in the short-term, but indicators are losing momentum.

EUR/USD has formed a shooting star candlestick on the four-hour time-frame at 1.0780 as well as a hanging man candlestick on the weekly time-frame at the same resistance level - both are signals for an impending move to the downside.