EUR/USD Daily Technical Analysis

The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1553, losing 0.59%. I believe that support is now at 1.1528, Tuesday's low, and resistance is likely at 1.1660, Thursday's high.

Upbeat NFP pushed EUR/USD down. If the pair pierce 1.1535, we should expect August lows - 1.1400, followed by 1.1300.

Current levels (1.1607) are perfect for opening a short position. Half of the position is opened now. Other 50% - at a level of 1.1620. Wish me luck!

Despite the strong NFP last Friday, this week the dollar was unstoppable on its way down. If EUR/USD manages to bake 1,1700, the next target is 1.1750 (daily and weekly charts).

Euro / dollar attempted to rise yesterday, reaching peak at 1.1724, but then dropped and closed lower at 1.1666. Trade signals are neutral for now, probably with slight downside signals for testing 1.1620. A clear breakthrough and daily closure below this level would have to take the price of a retest of key support 1.1530. On the upside, the 1.1733 - 1.1785 area remains an important resistance and a good place for short positions with narrow stops above 1.1785. A clear breakthrough over this zone will activate my upward model with the nearest bull target in the 1.1850 - 1.1900 range.

It looks like EUR/USD is forming a sideways range between 1,1520 and 1,1720.

The euro / dollar had a strong upward momentum yesterday, forming a peak at 1.1784. The price slid over the EMA 200 after breaking over the trend line of resistance. This suggests a critical technical situation for bears where a clear break above 1.1785 will activate my bullish model with targets in the 1.1850-1.1900 area. The signals are upward in a near perspective. First support is at 1.1730. A clear break below this level may take the price to a neutral zone, but it will confirm the 1.1785 region as a strong resistance that must be clearly breached before reaching higher levels.

The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1749, losing 0.24%. I believe that support is now at around 1.1617, Monday's low, and resistance is likely at 1,1803, the high of Friday's trading.

EUR/USD: Next target: 1.1700.

The growth of EUR/USD seems limited to 1.1800.

Closing all the positions in two hours, because of uncertainty and volatility, surrounding FOMC rate decision.

EUR/USD: Yesterday's rate hike wasn't a big surprise - it was almost fully calculated in the price of the pair. But, today's 2,3 German inflation is another thing - I wonder how would markets intrpret the data...

1.1633 is an important support level for EUR/USD. If the pair manages to pierse it, the next target is 1.1600.

EUR/USD had a bearish momentum last week, making the bottom at 1.1569. The downward rally was triggered by the bearish pin bar at the daily EMA 200, formed on September 24, but stopped at the trendline. The outlook is descending to test 1.1530 in a near perspective. A clear breakthrough and daily closure below this zone could open the doors to 1.1430 before the target in the 1.1300 area this week. The first resistance is 1.1650, whose breakthrough may interrupt the bear phase. But the longer the couple stays below 1.1725, I prefer the bearish scenario.

Euro/usd found support at 1.1500.

EUR/USD: I believe that the pair would challenge 1.1550.

I still looking for potential target at 1.1432, because here are a lot of good news for USD ( fundamental analysis ). And DXY is also resistance breakout.

After the short correction last days, EUR/USD is heading to 1.1450.

EUR/USD: Formering a double top on 1.1540, or going to 1.1600?

EUR/USD: After hitting the support at 1.1550, the pair is looking at 1.1650. Probably on Monday.