EUR/USD Daily Technical Analysis

Today the EUR/USD is feeling under great pressure and the pair fell to previous lows and was testing the 1.1010 level. Clinton’s victory might drive the pair downwards to October 25th low at 1.0850. Indicators are placed within negative territory. RSI is currently at around 36% level and stochastic is showing oversold market, both confirming the bearish trend. Anyway the elections results have the last saying and the pair’s direction is still being uncertain.

The euro marked negative session against the US dollar on Wednesday. After a volatile session the pair lost 116 pips and closed at 1.0908. The pair broke the first resistance at 1.1160 and bounced back from the second resistance at 1.1286. Later the direction reversed and the euro broke both supports located at 1.1160 and 1.0980. If the downward trend continues, next target is seen at 1.0815.

The single currency recorded a modest decline against the US dollar on Thursday. The pair lost 19 pips to closing price of 1.0890. In the short-term the outlook remains bearsih, as the pair extends its decline below the moving averages. Technical indicator are showing oversold conditions. Support is seen at 1.0815 and resistance is placed at 1.0980 next at 1.1160.

The euro continued sloping downwards on Monday and closed at lowest level for over a year. The single currency depreciated by 96 pips to 1.0736. The downward trend was broken by positive data on industrial production in the eurozone, but reached intraday low at 1.0708. Technicalyl bears continue to dominate. Yesterday's low level is a major challenge and crucial for long-term attitudes.

Technical readings are showing strong bearish trend. A possible break below 1.0730 will lead to lower levels around 1.0700.

For seventh consecutive day the euro continued sloping downwards against the dollar adn reached a new 11-month low. The positive macro data in the euro zone failed to support the EUR/USD. The psychological support at 1.0700 appears now main target.

The euro continued to suffer and depreciated by 31 pips to reach a new yearly low at 1.0689. Consolidation at the respective levels will ease the bears to continue the downward direction. Support now is seen at 1.0660 and resistance is placed at 1.0820, and next at 1.0945.

The EUR/USD continues to slide downwards as Yellen’s comments and the positive macro data from USA supported the dollar’s strength. The pair remains under the sloping to downwards moving averages with RSI at negative territory. The intraday resistances are placed at 1.0660, 1.0820 and higher at 1.0945. Support is seen at 1.0580, 1.0520 and 1.0460.

The euro marked slight increase against the dollar on Monday. The short-term expectations remain in favor of the US dollar, with breaking the support at 1.0519, that could confirm another leg downwards. Next support is located at 1.0452. First resistance is seen at 1.0818, and second at 1.0925.

Currently the EUR/USD pair is exposed to further downward slope, having in mind that is placed below 1.0600 area and also below the moving averages.
Immediate resistance is seen at 1.0605, where know is lying the 20-day SMA. Support is located now at 1.0525 and lower at 1.0500.

The EUR/USD pair is moving under the bearish 20-day SMA. The technical indicators are placed within bearish mode. Furtehr slides and a break below 1.0505 are well expected.

The single currency performed neutral during Thursday session. The opening price of opening completely coincided with that of closing - 1.0551. The EUR/USD moved within extremely narrow range, but the pair managed to break the first support at 1.0519 and reached its lowest level for the day at 1.0517. If bearish sentiment continue to dominate , the second key level at 1.0452 could be tested soon.

During the last two weeks the EUR/USD pair is staying below the middle lines while technical indicators has been elevated after spending sure time within the oversold area. While price is placed below 1.0505, next target is seen at 1.0460.

It’s an importnat week for the US dollar with the NFP data upcoming on Friday, along with the preliminary estimates on Q3 GDP and the ADP numbers on Wednesday. Meanwhile Europe offers a major event with risk behaviour on markets – the Italian referendum. The coincidence and the combnations of these fundaments implies strong influence on the pair.

The single currency marked slight increase against the US dollar on Monday. The EUR/USD pair reached a daily high at 1.0685 and low at 1.0563. The pair remains at risk of further decline and the next target appears to be the levels at 1.0550.

The single currency marked an increase against the US dollar on Tuesday. The session started at 1.0612 and closed 36 pips higher. In the short-term the outlook remains neutral. A break of the range to the downside and a test of 1.0550 is more likely scenario, given the long-term downtrend. Support is seen at 1.0550 and resistance is located at 1.0815, 1.0980 and 1.1160.

The EUR/USD pair advaced slightly this week, still remains limited by the 1.0600 level. The macro data release on both sides the Atlantic couldn’t give enough strenght to set clear direction. The pair is currently consolidating and yet is capped by the 1.0700 level.

The EUR/USD pair was seen higher at 1.0680, below the weekly high pinned at 1.0689, but quickly retreated and closed the week around 60 pips higher. In the upcoming days the focus will be set on the Italian referendum that was held today and the ECB's meeting next Thursday.

The EUR/USD pair slupmed sharply after the negative Intalian vote. The pair tested the 1.05, a level that has not been visited since March 2015. RSI is placed at negative territory, the stochastic is showing strong bearish momentum. Current market price is 1.0573. Resistance is seen at 1.0605 while support is located at 1.0507.

The single currency marked steady growth on Monday amid the negative result on the Italian referendum and the positive data on retail sales in the eurozone. The euro added 116 pips to 1.0763 and reached highest level at 1.0795. 1.0505 acted as support which technically led the EUR/USD pair to third consecutive day of increase. Bulls are now encouraged and next target appears to be 1.0820.