EUR/USD Daily Technical Analysis

The pair marked its worst session for the last three weeks and was trading at lowest levels since early August within 1.1141 and 1.1048. The price overcame the recent range and remains below the descending moving averages. The sentiment remains negative with immediate target yesterday's low.

The single currency lost value for a third consecutive session on Wednesday. The pair continued depreciating and lost 47 pips to a closing price of 1.1005, which is a new two-month low. Next target of the bears is the key support located at 1.1000/1.0990.

On Thursday the euro recovered from the losses during the last three sessions and emerged from the reached two-month low. The single currency added 50 pips to a closing price of 1.1055 after trading within 1.1057 and 1.0985. The pair is moving under the downward sloping moving averages, but RSI is no longer around extreme levels. Correction to 1.1105 should resume the downward direction.

EUR/USD closed last week at 1.0970, but today is seen slightly elevated. The pair rebounded from the low to currently trade at 1.0989 and seems that is heading to next resistance at 1.1003.

The euro marked an increase against the US dollar on Monday session. The price bounced back and managed to break the first resistance at 1.0980. The pair added 30 pips to a closing price of 1.0998. The upwards movement continues and the pair is testing now the 1.1100 level.

EUR/USD was seen today back above 1.1000 level as the US dollar cheered up on the excellent CPI numbers. The pair climbed to 1.1015, but lost strength to push higher.

Today the EUR/USD pair hit new fresh daily low at 1.0960, then bounced and currenlty is staying within its daily range. This level is acting now as immediate support.

EUR/USD remained close to unchanged during yesterday’s session and closed just 7 pips lower at 1.0972. The pair is moving under the moving averages while RSI in neutral area. Next target is 1.0980 level.

The euro marked a losing session against the dollar on Friday. The single currency declined for a second day and the pair tested the first support at 1.0849. If the bearish sentiment continues, the key level will be breached. Next support is located ta 1.0803, resistance is seen at 1.1040 and 1.1094.

The single currency marked a volatile session against the dollar on Monday. The new week started with trading even lower as the common currency nears a seven month low level of 1.0822. The short-term expectations remain bearish.

The single currency marked close to neutral session against the US dollar on Tuesday. So the pair is again seen at Friday’s levels and continued to move within a narrow range. Support is located at 1.0849 and 1.0803. Resistance is seen at 1.1040 and 1.1094.

The euro registered a slight increase against the US dollar on Wednesday. The pair peaked at 1.0945, which is the highest value for the past week. But the rally didn’t last long and the price dropped toward 1.0850. Support is now located at 1.0849 and 1.0803. Resistance is placed at 1.1040 and 1.1094.

The euro marked slight decline against the US dollar on Thursday. EUR/USD was trading within narrow range and remained at same levels fromt his week. Support is located at 1.0849 and 1.0803. Resistance is now placed at 1.1040 and 1.1094.

The single currency marked significant growth on Friday amid positive data on consumer prices in Germany and the political upheavals of the United States. EUR/USD is up 88 pips and reached its highest value for the last two weeks at 1.0982. Technically the bulls remain in a leading position, which will be confirmed by the breakthrough of 100-day moving average at 1.1000.

The single currency started the week with a moderate decline against the US dollar, depreciating by 7 pips to a closing price of 1.0976. The positive attitudes remain, but the price fails to break 100-day moving average. Support is located at 1.0945 and 1.0910. Resistance is placed at 1.1045 and 1.1105.

EUR/USD marked significant growth during yesterday's session and recovered from Moday’s losses. . The euro gained 80 pips to a two-week high of 1.1056. The results from the election polls in US were the main markets mover for the pair. Technicallt the bullish attitudes prerevail with next tartget 1.1105. Support it placed at 1.0990 and lower at 1.0945. Resistance is located at 1.1105 and 1.1190.

The euro added value against the US dollar for a second straight session on Wednesday and rose by 37 pips to 1.1094. EUR/USD was supported by the Fed's decision to leave its monetary policy unchanged yesterday and the positive data from the labor market in Germany. The pair remains above the moving averages and RSI continues to support the bulls. Support is placed at 1.1045 and 1.0980, while resistance is seen at 1.1120 and 1.1190.

EUR/USD consolidated it gains yesterday . The euro rose moderately to 1.1105, having traded within the extreme values 1.1125 and 1.1059. The pair remains above the moving average values, while RSI is loosing strength, alluding to the fluctuation of the bulls, whose next goal is the 1.1120. Support is placed at 1.1045 and 1.0980. Resistance is seen at 1.1120 and second at 1.1190.

The EUR/USD pair is turning bearish in the short-term, given the fact that the price broke below the support line at 1.1060. Anyway the US elections tomorrow has the last saying.

The single currency marked a modest decline against the US dollar on Monday. The session closed 22 pips lower at 1.1039. The price is currently located above the moving averages, while RSI remains at neutral territory. If the downward trend continues we may expect a breakthrough of the first support at 1.0980. Next support is placed at 1.0815, while resistance is seen at 1.1160 and next one at 1.1286.