EUR/USD Daily Technical Analysis

The euro recorded a second consequential reduction against the dollar on Thursday. Bearish sentiment was again leading and so the pair broke the support at 1.0838, after hitting bottom for the day at 1.0802. If expectations for the continuation of the downward trend is justified, currencies will test the level at 1.0795. The session on Thursday started at 1.0906, but in the first hours the single currency suffered losses. So the sessions closed at 1.0825.

EUR/USD has shown a progress on Friday and thus broke a three-day losing streak. However, the single currency reported negative week,for which mostly contributed the tightening of stimulus by the Fed on Wednesday. Overall EUR/USD rose 50 pips for the day, but lost over 110 pips for the week to 1.0872. In short term the negative outlook prevail, but for a continuing decline is needed overcoming the levels at 1.0805.

The euro recorded a second consecutive winning session against the dollar on Monday and added nearly 60 pips to a closing price of 1.0913. Session peak was reached at 1.0938, while the lowest point was marked at the level of 1.0847. Positive attitudes in the short term gradually prevail for which contributes the confirmed break of 1.0900. For continuing growth is necessary to overcome the 50-period average, as a key objective is the 1.0995.

During the first day of the week the single currency presented excellent against the major currencies on a day poor in important economic data.
Trade volumes are expected to remain low this week due to the upcoming holidays.

The single currency recorded an increase against the dollar for a third day on Tuesday, adding nearly 40 pips to a closing price of 1.0955. The pair marked a one-week high at 1.0983, while the lowest point was reached at 1.0902. The price went above the average values, while the index of relative strength remains in favor of the bulls. Immediate goal appears to be psychological barrier at 1.1000.

EUR/USD's short-term bullish momentum towards 1.1000 continues.

Ho-ho-ho! Merry Christmas! According to Deutsche Bank in the 2006 the rates will go to 0.9500.

Credit Agricole: Sell EUR / USD with a growth of over $ 1.10

I think it's time for shorts. TP - 1.0720.

Euro/dollar was hesitant last week. Signals are neutral in the short term, probably with slight bullish signals for testing 1.1060. A clear break and daily close above that level could trigger further bullish pressure testing the trend line resistance at 1.1150 - 1.1180, which is a good place for a short position with tight stop loss.

The single currency remained practically unchanged against the US dollar at a level of 1.0965. The graphics continued to develop above the moving averages, while the index of relative strength remained at neutral territory. The peak was reached at 1.0992 and the bottom at 1.0958. The outlook remains positive, as an immediate target are levels at 1.0975.

The single currency recorded a decrease against the US dollar on Tuesday. The session started at a price of 1.0965 and ended 47 pips lower. Daily extreme values were reached respectively at 1.0991 and 1.0899. If EUR/USD meet the negative attitudes, next target seems to be levels at 1.0854.

The single currency recorded a humble increase against the US dollar on Wednesday. The session started at 1.0918 and ended just 13 pips higher. Daily extreme values were reached respectively at 1.0943 and 1.0902. If the currency pair continued its upward movement, we can expect an attempt to break the first resistance at 1.0975.

Rising yields on US bonds on Tuesday supported the dollar, which remained at around 1.0863 against the euro.

Happy new 2016 year and may the Trend be with you!

So far, so good... May be the New year will start with 100 pips gap, so I could reach my target

The euro declined against the dollar in the last working day of 2015. The single currency broke the neutral move and lost significant ground against the dollar. If bearish sentiment continue in the future, the support at 1.0795 will be overcome. Thursday session started at 1.0930 and the negative trend became prevalent around noon. It continued to the very end and thus the price of closure coincided with the lowest value for the day - 1.0858.

Interesting levels to watch on weekly chart:

The single currency registered quite volatile start of the week on Monday. In the early hours the bulls prevailed and thus the pair reached peak for the day at 1.0945. Subsequently, however, the dollar prevailed and ultimately crossed the finish line at 1.0830. Meanwhile, the first support at 1.0795 was pierced after the currency hit bottom for the day at 1.0781. If expectations for the continuation of the negative trend justify, EUR/USD will test key level at 1.0762.

Target - reached. I would now wait for some correction.