EUR/USD edged the week flat around 1.16. Indicators are showing breaish signs, so the upcoming week will srart with testing the first support at 1.1574.
On Friday, the rate of the US dollar went to growth after the release of reports on the volume of industrial orders in the US and business activity in the services sector, which made investors forget about the weaker earnings report in the United States than in the forecast.
At the end of trading on Friday, the euro was down against the dollar. The EUR / USD slipped 0.45% to hit 1,1605.
Next week, investors will continue to monitor progress in US tax reform, but from the standpoint of economic reports, this will be a relatively quiet week.
While Eur/Usd remains bearish, short term looks neutral and lack of directional strength. Immediate support level can be found around 1.5720, further decline if the pair break below it.
On the last Friday’s session the EURUSD initially tried to rally but found enough resistance at 1.1684 to reverse and closed near the low of the day, in addition the currency pair managed to close below Thursday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1623 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
EUR/USD is hovering around 1.16 amid the broad US dollar’s weakness and unstable signle currency despite firm local data. Yet the risk to the downside remains with immediate support at 1.1574.
EUR/USD bounced off from 1.1579 and it formed a double bottom around that level visible on the four-hour time-frame. There will likely be a new move to the upside towards 1.1670.
On yesterday session, the EURUSD initially fell with a narrow range but found enough support near 1.1593 to trim some of its losses and closed near the high of the day, however the currency pair managed to close within Friday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1616 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
EUR/USD today posted lowest level since mid July. Despite the pair bounced from the dialy low at 1.1553, yet remains below the 1.16 handle.
On yesterday session, the EURUSD fell with a wide range although found enough support at 1.1558 to trim half of its losses but closed in the red, in the middle of the daily range, in addition the currency pair managed to close within Monday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1616 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
The single currency recorded a decline against the US dollar on Tuesday. The session started at 1.1608 and ended 23 pips lower. The price managed to break the first support at 1.1590 and the euro reached a daily bottom at 1.1553. Short-term outlook remains negative, as the chart continues to grow below the moving average.
Key levels to watch for:
Support: 1.1485; 1.1280;
Resistance: 1.1590; 1.1670; 1.1735;
Interesting forecast! 
The Euro/Dollar attempted a downgrade yesterday, sliding under the support of 1.1580 but still unable to remain convincing below this level and hit 1.1606 earlier this morning. Expectations are neutral for now. In general, I stay in the bear camp as part of the downside reversal scenario of the head and shoulder figure on the daily chart. But a clear break below 1.1580 is needed for the sequel to the downside for testing at 1.1500 - 1.1450. Intraday resistance we have at 1.1650/70. A clear breakthrough over this area may cause future upward pressure on the 1.1725 test, but the longer the price stays below 1.1900, I stay down and every bullish pressure should be seen as a good sales opportunity.
Difficult times for the Euro. It may rebound from here i think.
EUR/USD briefly broke out below 1.1575 and formed a new low at 1.1555, but now the pair has retraced back above 1.1575 and continues to consolidate above that level. That said, there could still be a breakout to the downside and a drop to 1.1500.
EUR/USD today is confined within tight range, probably due to the lack of significant macro news. However technically the short term bias remains bearish according to indicators on the H4 chart.
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 within Tuesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1618 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
EUR/USD bounced off from 1.1575 after forming a hammer candlestick and an inverted hammer candlestick on the daily time-frame at that level. Currently the pair is testing the resistance at 1.1665, a breakout above that level could lead to a move to the upside towards 1.1800.
The tax reform delay concerns hit the US dollar, which influenced the EUR/USD and thus the pair jumped today to 1.6565.
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 Wednesday’s high, which suggests a strong bullish momentum.
The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above the 10 and the 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1621 (support), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.