EUR/USD (part 80)

[HwaYongYeonHwa]

Hello everyone!

EUR/USD was unable to move down last Friday, resuming its upward course instead, which resulted in a reversal pattern and bullish candlestick on the chart. It also signals that the euro will continue rising in the market, possibly towards the local resistance level located at 1.20103, which has two scenarios that could develop. The first one is a breakout and consolidation above the resistance level, which would result in a further move towards the local resistance level located at 1.22137. Meanwhile, the second scenario is a rebound from 1.20103, which if occurred, will resume the downward move, heading towards the support level of 1.17626 or even to the resistance level located at 1.17108.

[braveenough]

The EUR/USD currency pair reached the upper border of the ascending trading channel at 1.1798 to 1.1917 and ended the trading session near the lower border of the channel yesterday. It is currently located in the zone between the resistance levels of 1.1843 and 1.1888 and the support levels of 1.1769 and 1.1724. The probability of selling the pair is considered today at below the channel boundaries.

[dboy930309]

Good morning everyone!

A small upward movement is likely to happen to the EUR/USD pair, somewhere near the resistance level of 1.1910. There short positions to 1.1494 may be set up, since to that direction is where the pair will certainly head on the price chart. However, if the price breaks out and goes below the level of 1.1685, that is, 23.6 along the Fibonacci lines, it would be better to transfer the deal to breakeven, just in case it starts again a correction.

Then, around ​​the support level of 1.1494, open long positions to 1.1680 in order to get good profit from the market. The next action may be another long position from 1.1332 to 1.1495, as such will also provide very good profit to traders.

Best of luck!

[Marzia83]

The pair is currently trading near the opening of the day which is at 1.1840. My analysis for today is that, if the price manages to reach above the level of 1.1860, then the pair will most likely move upward with the target at the level of 1.1870. If this level is broken, the upward trend may continue with the next target of 1.1900. On the other hand, if the price trades below the level of 1.830, then a downward trend is possible with the target at the level of 1.1820. A breakdown of this level may force further decline to the level of 1.1810.

At the moment, the pair is trading above the daily pivot level and above the MA72 trend line. So far the indicators on the H1 chart suggest a possible growth. This, I will only look forward to if the price manages to trade above the level of 1.1860. If not, then I expect a downward pullback.

[EarnestMike]

In the morning trade on Monday, the euro/dollar pair is holding in the narrow range near the levels from the previous close. The single European currency has slightly advanced against the US dollar following the trend from last week. The euro regained ground after the ECB meeting on Thursday. The ECB President said that the strong euro is not a problem although it can weaken exports into the EU. Today, traders expect a number of economic releases from Europe. Later on Monday, the meeting of the Eurogroup will take place. I expect the pair to hold steady in the first half of the day. Although a slight downward correction is possible, I still hope to see a strong uptrend. The pair currently trading in the bull market. A possible pivot point is seen at 1.1805. I’m planning to open buy positions above this level with the targets at 1.1895 and 1.1945. Under a different scenario, the euro/dollar pair will start to decline and will move below the level of 1.1805. After settling there, it may then head for the 1.1785 and 1.1765 levels.