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

EUR/USD bounced off from 1.1700 and formed a spinning top candlestick on the daily time-frame at that level, suggesting indecision on the market. That is unsurprising, considering the major fundamentals later this week. The pair will likely continue consolidating until then.

EUR/USD moved higher today and reached daily high at 1.1787, supported by the weak greenback, abut the pair rejected this high and later retreated to 1.1761. However ahead of NFP the pair is set on wait and see mode.

ECB monetary policy decision nears and pair is seen in consolidation.

On yesterday session, the EURUSD tried to rally but found enough resistance near the 10-day moving average to trim some of its gains but closed in the green, in the middle of the daily range, in addition the currency pair managed to close within Tuesday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading below the 10 and the 50-day moving averages both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.

The key levels to watch are: the 50-day moving average at 1.1861 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1778 (resistance), a daily resistance at 1.1753, a daily support at 1.1720 and a key level at 1.1684 (support).

The ECB minutes sent the EUR/USD pair lower today. From the beginning of the week the pair has been caught in a limited 100 pips range. Ahead of NFP tomorrow I do not see an escape from this range.

On yesterday session, the EURUSD initially rose but found yet again enough selling pressure near the 10-day moving average to reverse and closed near the low of the day, in addition the currency pair managed to close below Wednesday’s low, which suggests a strong bearish momentum.

The currency pair is trading below the 10 and the 50-day moving averages both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.

The key levels to watch are: the 50-day moving average at 1.1859 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1757 (resistance), a daily resistance at 1.1753, a key level at 1.1684 (support) and other key level at 1.1593 (support).

On Thursday, the euro lost 48 pips against the dollar. The day was opened at 1.1758 and during the first hours of the day it gradually climbed to a peak at 1.1778. After that, there was a sharp drop in qoutes, with a support at 1.1735. Bears recorded a bottom at 1.1698, and the last price for the day was 1.1710.

So my mechanical friends, there are many numbers posted by your good selves and I have no doubt that somewhere therein lies the truth.

Anyways, some interesting things that have been recorded to my AI.

FA guys thought the NFP was USD negative and got stopped out - only to be proved right.

Breakout guys on h1 who had sell stops below 1700 - red faced.

H4 breakout guys now under water and hoping.

D1 guys - still sidelined, no losses, but no profits, (they call it ‘noise’)

Straddle guys - depends, if they switched up from 5min to 15, then to h1, likely 20 pips was not enough.

So what about the oldie robots? - seen it / done it all before, next week is a new week.

And the new week has begun.

Price now 1740, a hint of buying but not at this price.

Up coming Asian should give some clues but possibly a mid level for that session will be around 1720.

Time now to switch off, scene set for tomorrow.

Eur/Usd bounce back up on North Korea missile test, short term the pair is showing no clear direction, resistance can be found at 1.1780.

On the last Friday’s session the EURUSD initially fell but found enough support at 1.1684 to trim all of its losses and managed to close 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 below the 10 and the 50-day moving averages both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.

The key levels to watch are: the 50-day moving average at 1.1857 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1754 (resistance), a daily resistance at 1.1753, a key level at 1.1684 (support) and other key level at 1.1593 (support).

1720 was the bottom line

The EUR//USD pair is hovering around 23.6% Fibo of its latest March to September bullish run. The good marco data from EU was not enough to trigger any sharp moves and adding the lack of news from US, the pair will remain range bounded.

The pair is forming a consolidation above the support at 1.1660. Considering the hammer candlestick on the daily time-frame above the support it may start moving to the upside again.

On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition the currency pair managed to close above Friday’s high, which suggests a bullish momentum.

The currency pair is trading below the 10 and the 50-day moving averages both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.

The key levels to watch are: the 50-day moving average at 1.1856 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1754 (resistance), a daily resistance at 1.1753, a key level at 1.1684 (support) and other key level at 1.1593 (support).

EUR/USD did start rising and it is currently testing the resistance at 1.1800. A breakout above that level will probably lead to another move to the upside towards 1.1900 - 1.1920.

EUR/USD marched higher today and crossed above 1.80 handle and keeps steady on Catalonia’s Puigdemont speech. To confirm the return of euro bulls, the pair needs to fight the resistance at 1.1833.

The euro gained positions against the dollar on Tuesday. The single currency justified the positive expectations and recorded a successful session. As a result, the first resistance at 1.1787 was overcomed. If the bullish moods continue to prevail, the second key level at 1.1833 will be breached. Tuesday’s trading began at a price of 1.1739 and the euro gained 68 pips to the final. Peak for the day was reached at 1.1825.

Key levels to watch for:
Support: 1.1660; 1.1609;
Resistance: 1.1787; 1.1833;

The euro / dollar had a bullish momentum yesterday, reaching a peak of 1.1825. The trading signals are up for testing the critical resistance of 1.1850 - 1.1900. A clear breakthrough and daily closure over this zone will end the bears’ correction phase and will resume my upward model for the retest of 1.2000 / 90. The first support is 1.1790, whose breakthrough can take the price to a neutral zone with testing at 1.1750 / 00 and will keep the downward correction phase valid. In general, I stay bullish.