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

EUR/USD couldn’t hold on the 1.17 handle and dropped today to 1.1650. Indicators are heading towards oversold area and are showing strong bearish momentum. First support is seen at 1.1620 and immediate resistance is located at 1.1775.

The pair is consolidating after found support at 1.1650 level, focus turn to US second quarter GDP today.

The single currency recorded a decline against the US dollar on Thursday. The currency pair opened at 1.1733 and finished 58 pips lower. The price managed to break the first support at 1.1700 and if the direction of the traffic went down, there would likely be a breakthrough in the next support at 1.1520.

Multi-year high for the Euro. I guess this turned out to be the year of the Euro after all.

Indeed. Let’s see whether it will break out above the last high at 1.1775 and continue rallying.

EUR/USD closed above 1.17 for first week since January 2015.The outlook remains bullish and the target for next week will be the region 1.1810/20.

After starting the year looking like the Year of the Dollar!

On the last Friday’s session the EURUSD rose with a narrow range and closed near the high of the day, however the currency pair closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.

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

The key levels to watch are: a daily resistance at 1.1829, other daily resistance at 1.1753, the 10-day moving average at 1.1649 (support), a daily support at 1.1460 and other daily support at 1.1556.

EURUSD is this years strongest trend, up 11.5% year to date, Two weeks ago it broke out of it’s 2 year range, from a technical point there is nothing stop it for 2000+ pips. This should continue to run higher until a central bank, either from US or Euro intervenes

Agree with all of you, EUR/USD is definitely in an uptrend

But it doesn’t look like the right moment to get in :smiley:

Not only did EUR/USD rally again today, but it finally broke out both above the previous high at 1.1775 and above 1.1800. The trend is very bullish and there are no major resistance levels on the way up.

EUR/USD continued the rally and marked fresh new high today at 1.1830. Short term correction is expected as indicators are showing overbought signals.

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

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

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1700 (support), a daily support at 1.1460 and other daily support at 1.1556.

EUR/USD is consolidating sideways between 1.1800 and 1.1845. The pair is still very bullish and even if there is a brief retracement to the downside it will likely continue rallying.

After having marked fresh high at 1.838, the EUR/USD lost momentum and is currently trading at 1.1797. Nevertheless it’s early to assume that the pair has started deep correction, as the US dollar remains fragile amid the political jitters.

The pair is consolidating on the upside, still holding yearly high. Break above the immediate resistance level at 1.1845 would open the door to 1.19.

On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, however the currency pair closed within Monday’s range, which suggests a being slightly on the bearish side of neutral.

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

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1735 (support), a daily support at 1.1460 and other daily support at 1.1556.

EUR/USD formed a new high at 1.1870 and continues moving to the upside. Next target is likely around 1.1900.

Already reached the 1.1900, so possibly to turn down now?

New fresh high for the EUR/USD pair was marked today at 1.1911. The upward momentum remains actual, but on Thursday we may calm down ahead of the release of services and composite PMIs in the euro zone and on the other coast we expect the US Nonfarm Payroll report. Well dips are still seen as buying opportunities.