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

The euro fell against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.0612, losing 0.04%. I believe that support is now at around 1.0568, Monday’s low, and resistance is likely at 1.0679, Thursday’s high.

with the uncertainty behind the EU and US at the moment, i think a prediction about the direction of EUR/USD is not going to be probable with any high degree of certainty.

in my opinion it is best to avoid this pair until further information is available(unless your trading ranges during the uncertainty:) ).

On the last Friday’s session the EURUSD went back and forward with a narrow range and without any clear direction but closed near the low of the day, in addition the currency pair managed to close within Thursday’s range, which suggests a being slightly on the bearish side of neutral.

The currency pair closed again below the 10 and the 50-day moving averages that should provide dynamic resistance and is also trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a Fibonacci level at 1.07132 (resistance), the 50-day moving average at 1.0653 (resistance), the 10-day moving average at 1.0625 (resistance), a daily resistance at 1.0622, and a Fibonacci retracement at 1.0584 (support).

EUR/USD finally started moving to the upside after the tight sideways consolidation on Friday. A breakout above the resistance at 1.0655, which coincides with the (MA)89 indicator on the four-hour time-frame will likely lead to another rally to 1.0690, which is the same indicator, but on the daily time-frame.

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

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

The key levels to watch are: a Fibonacci level at 1.07132 (resistance), the 50-day moving average at 1.0654 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0616 (support) and a Fibonacci retracement at 1.0584 (support).

EUR/USD has almost reached the resistance at 1.0690 after the fundamentals pushed the pair to the upside today. The question is whether it will succeed in breaking out above that level, because if it does there could be a further rally towards 1.0800 - 1.0850.

The re-opening after Ester Holidays brought sharp rally for the EUR/USD, mostly fueled by the UK PM Theresa May announcment for general elections. The pair is currently trading at 1.0730 with technical indicators confirming the bullish trend. Strong resistance is seen at 1.0740 and in case of conquering it, next bulls’ target is seen at 1.0780.

On yesterday session, the EURUSD rallied again with a wide range and closed near the high of the day, in addition the currency pair managed to close above Monday’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 although is still trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0789 (resistance), a Fibonacci level at 1.07132 (support), the 50-day moving average at 1.0656 (support), the 10-day moving average at 1.0625 (support) and a daily support at 1.0622.

EUR/USD was trading elevated today and marked daily high at 1.0737, having prevailed the sentiment on Fed’s beige book for April. Technically speaking this bid is a kind of continuation of the upside corrective rebound. Looking to downside, strong support is seen at 1.0675.

On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, however managed to close within Tuesday’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 although is still trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0787 (resistance), a Fibonacci level at 1.07132 (support), the 50-day moving average at 1.0658 (support), the 10-day moving average at 1.0638 (support) and a daily support at 1.0622.

The single currency recorded a modest decline against the US dollar on Wednesday. After a volatile session, the euro lost only 18 pips at a closing price of 1.0710. Graphics continued to grow above the MA, while the relative strength index remained neutral. If the direction of the movement goes down, the pair will move to the first support at 1.0550.

Key levels to watch for:
Support: 1.0550; 1,0370;
Resistance: 1.0815; 1.0980;

EUR/USD continues moving to the upside and it is about to test the resistance at 1.0780 again. The question is whether it will break out above that level and continue rising towards 1.0830 - 1.0850 or form a double top and bounce off from that resistance.

EUR/USD experienced difficult time to resume to bullish mode. The pair moved higher today and marked daily high at 1.0778, but later on retreated to currently trade at 1.07230. Strong resistance is the psychologycal level at 1.0800. To the downside, fist support is seen at 1.0710 and lower at 1.0640.

On yesterday session, the EURUSD initially rallied with a wide range but found enough selling pressure near the 200-day moving average to give back most of its gains to the market and close near the low of the day, however the currency pair closed within Wednesdays 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 although is still trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: the 200-day moving average at 1.0785 (resistance), a Fibonacci level at 1.07132 (support), the 50-day moving average at 1.0661 (support), the 10-day moving average at 1.0650 (support) and a daily support at 1.0622.

EUR/USD formed a double top at 1.0780 on the one-hour time-frame and bounced off from that level. What is more, the pair has also formed a great shooting star candlestick on the daily time-frame. The closest target is 1.0670, but it will likely continue falling below that level.

EUR/USD pushed slightly higher today and posted second weekly gain. To the upside the pair is facing strong resistance at 1.0800, while first support it seen at 1.0675 and lower at 1.0630.

The euro closed the week higher against the US dollar, but from a fundamental viewpoint Monday opening will be highly dependant on the results of the French Presidential election.

The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.0726, gaining 0.08%. I believe that support is now at around 1.0600, Monday’s low, and resistance is likely at 1.0780, Thursday’s high.

EUR/USD appears to be hesitating around the 1.06 level. Interesting to see how the week develops. I’m expecting a move up.