EUR/USD Daily Technical Analysis

The euro-dollar currency pair recorded a volatile session on Thursday, moving around the first resistance at 1.1860, and at the end of the day the course was eight pips above it. The first quote for the day was 1.1855, which means the euro added 13 pips to its value. Extreme values for the day were recorded at 1.1830 and 1.1892 respectively.

Key levels to watch for:
Support: 1.1860; 1.1700; 1.1520;
Resistance: 1.1970; 1.2180.

Euro / dollar was hesitant yesterday. The signals remain neutral, but I'm still in the bulls camp with targets in the 1.2000 strong resistance area.

The NFP data surged the US dollar this Friday and EUR/USD closed the week flat after rallying three consecutive weeks. The pair marked fresh year high at 1.1909 and dropped sharply afterwards. This movement can be read as a downward corrective one, as the price remained above 1.1615.

The EUR/USD pair closed today almost unchanged having in mind the daily performance and few pip above the Friday’s close. The four-hour time frame is showing bearish signs. The downward move might be exteded to 1.1715 – 1.1725.

EUR/USD is hovering around the 1.18 level today and is unbale to surpass 1.1820. Along with the limited volatility around the pair, the short term remains neutral.

EUR/USD continues to keep downward pressure and is exposed to extend further decline. Resistance is seen at 1.18 while conversely support lies at 1.17.

Given the absence of any major events today that could set direction, EUR/USD is seen at neutral stance.

The euro / dollar did not make a substantial move yesterday. Price went down, forming a bottom at 1.1688, but closed higher at 1.1757. The signals are neutral for now. We have an intraday resistance around 1.1785. A clear breakthrough over it can cause further upward pressure for testing at 1.1820 / 50. On the downside, 1.1650 remains key support. A clear break below this level should break the bullish scenario and activate the neutral model.

The euro recorded a volatile session against the dollar on Wednesday. The pair stayed at the lower levels from the day before and if the bearish sentiment again prevailed, support at 1.1670 will be overcomed. The trading day on Wednesday began at a price of 1.1750 and the final was 8 pips higher. The trend was not clear, with the difference between the highest and the lowest price was 27 pips.

Key levels to watch for:
Support 1.1670; 1.1608;
Resistance: 1.1969; 1.2121;

US PPI data eased the bearish momentum of EUR/USD and the pair pushed higher to currently trade at 1.1778. Next target for the bulls is located at 1.1820.

The euro rose against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1822, gaining 0.42%. I believe that support is now at around 1.1687, the minimum of Wednesday, and the resistance is likely to come in at 1.1846, the high of Friday's trading.

EUR/USD started today in bearish consolidation mode. Markets are expecting the German prelim release and US reatail sales data to set direction.

The single currency recorded a decline against the US dollar on Monday. The session started at 1.1820 and, after a steady downward movement, the euro ended at 1.1779. If the price continues to fall, the pair will head for support at 1.1700. On the upside, we can expect a resistance break at 1.1860.

Euro / dollar made a downward correction yesterday, forming a bottom at 1.1769. Expectations are neutral so far, but basically I stay in the Bulls camp and only a clear break back below 1.1650 should break the bullish scenario.

The EUR/USD pair is currently trading at 1.1736 backed up with the better than expected US retail sales data. The pair might continue falling in case bulls couldn’t revert back above the 1.1760 handle.

The single currency recorded a decline against the US dollar on Tuesday. The currency pair opened at 1.1778 and the price jumped from support at 1.1700. After all, the euro ended at 1.1733 and the successful overrun on the bottom floor would increase the likelihood of the downward movement to 1.1520.

EUR/USD fell to a fresh 3-week low at 1.1681 despite the dissappointing US data. However ahead of FOMC minutes the pair bounced and currently is trading at 1.1765. The pair must fight 1.1820 area in order to get sure upward strength.

EUR/USD crossed to above the important barrier at 1.1770 this morning and a clear break of it would generate stronger bullish signal for retest of 1.1910. On the other hand, failing to approach 1.1800 keeps the downside vulnerable for visiting the 1.1680/90 area.