EUR/USD Daily Technical Analysis

The single currency marked quite dynamic session against the dollar on Thursday. Even though the closing price was cosiderable near the opening price, respectively 1.1243 and 1.1248. The trend was neutral for most of the time, but around noon the bulls prevailed and currencies rallied up. The pair again tested the resistance at 1.1284, after marking the intraday high at 1.1284. Subsequently the euro lost the accumulated gains.

The single currency managed to break its recent range on Friday.EUR/USD was trading in a relatively narrow range last week, but the pair broke the psychological support at 1.1200 to closed the session with a drop of 90 pips. Current attitudes remain negative, but for confirmation of the downward trend is needed breakthrough the levels at 1.1120/1.1105. Support is located at 1.1105 and resistance is seen at 1.1195 and 1.1280.

EUR/USD started the week with an increase after posting significant losses a day earlier. The euro managed to advance by 20 pips to a closing price of 1.1173 to trade within 1.1197 and 1.1150. RSI moved up, but the price remains below the average values by making an unsuccessful attempt to break the psychological level at 1.1200. Breaking 1.1105 would confirm the downward trend. Support is located at 1.1105 and 1.1045. Resistance is seen at 1.1195 and 1.1280.

The EUR/USD pair was trading for shortly above the 1.1200 mark during the Europe session, but sloped donward in the afternoon and closed around 1.1160. Having in mind the upcoming Fed meeting tomorrow, the pair might meet 1.0505-1.1060 level or go to 1.1610 – 1.1280 area. This midway situation probably will be solved tomorrow.

EUR/USD marked a decline on Tuesday session and wiped out the gains from the previous session. The euro depreciated by 20 pips against the dollar to 1.1150 after trading within 1.1213 and 1.1149. Bears remain in a leading position with a likely target 1.1105.

The long awaited BoJ and Fed's meetings turned to be huge disappointment for the US dollar, as both bankers announced the will keep the interest rates unchanged. Following this the US dollar weakened and the EUR/USD pair dragged to 1.1184. The situation now is neutral to bearish

The single currency marked a modest rise against the US dollar on Friday. The session started at 1.1207 and closed only 19 pips higher. Currently the outlook remains positive with possible test of the next resistance at 1.1286.

The single currency registered an increase against the US dollar on Monday. The pair opened at 1.1229, the intraday high was marked at 1.1278 and the low at 1.1220. Finally the euro closed at 1.1253 and if bears are strong enough , the first resistance at 1.1286 sseems to be their next target.

The single currency recorded a decline against the US dollar on Tuesday. After a volatile session, the euro lost 40 pips at a closing price of 1.1213. If the downward trend continues, most likely the euro will test the first support located at 1.1100. Otherwise, looking to the upside, the pair will test the resistance at 1.1286.

The single currency was trading close to unchanged against the US dollar on Wednesday. The short term outlook remains negative and breakthrough of yesterday's low will drag the pair further downwards. Support is located at 1.1100 and 1.0980. Resistance is seen at 1.1286 and 1.1400.

The single currency recoded neutral session against the US dollar on Wednesday. The pair opened at 1.1213 and the dollar added only 3 pips. Daily extreme points were reached respectively at 1.1181 and 1.1236. The outlook in the short term remains negative and breakthrough of yesterday's low will put the couple at risk of further downgrade.

Key levels to watch for:
Support: 1.1100; 1.0980;
Resistance: 1.1286; 1.1400.

The single currency remained close to unchanged against the US dollar during yesterday’s session. After a volatile session the euro left the market with only 4 pips higher. The EUR/USD pair remains limited to the upside by the 4-month resistance at 1.1286.

EUR/USD was trading in tight range today, between 1.1204 and 1.1241. The pair closed modestly lower despite the suprisingly good EU macro data released today. In the short-term the pair is seen in neutral stance.

The euro lost strength the US dollar on Monday, but the decline was not significant enough to break key levels. If bullish sentiment again prevail, resistance at 1.1284 will be tested. Support is located at 1.1149 and 1.1122.

The story of the day is that ECB is close to consensus on ending its bond-buying program before it concludes next year in March. Then EUR/USD pair was sloping between 1.11365 and 1.1238 until again find its well know place around 1.1200 mark.

The euro posted neutral trading gainst the US dollar on Wednesday. The opening price almost coincided with that of the closing, respectively, 1.1202 and 1.1203. The trend fluctuated in a narrow range. Consodidation continues. Suport is located at 1.1122 and resistance is seen at 1.1284.

The euro dropped against the dollar on Thursday. The Wednesday’s calm turned out to be temporary and thus the bearish sentiment played a starring role at this session. The single currency confirmed the negative expectations and the pair tested the support at 1.1122. Breaking trough it is very possible if the downward trend continues.

EUR/USD started the week with losses, with the euro depreciating by almost 40 pips to its lowest closing value of two months at 1.1137. The price remains under downward moving averages, RSI supports the bears, hinting at a possible test of 1.1105. Resistance is located at 1.1280 and 1.1355.

The EUR/USD pair dragged below the psychological level at 1.1100, as US dollar is fueled now by the second US Presidential debate. Today the pair accelerated its decline to reach 1.1068 the lowest level for the past two months.