Monthly chart

EURUSD is in a down trend channel. Currently retracing towards the upper end of the slanting line.

MACD Histogram shows up cycle.

Resistance levels:

1. 1.2095 (Swing high)
2. 38.2 Fib level at 1.2543

Support levels:

1. 1.1565 (Resistance turned support level)

Weekly chart

EURUSD maintained bullish momentum this week. Green pintail candle close indicating that sellers came in near the resistance level.

MACD Histogram: In green and above zero line. Up cycle.

Summary: 

Look for EURUSD to test the resistance at 1.2095 this week.

Daily chart

EURUSD retraces lower and closed below the 23.6 Fib level and 15 EMA.

Daily candle close yesterday shows a red candle

We will allow price to correct further before initiating a buy trade, going along with the up trend.

MACD Histogram: Histogram in red and above zero line. Down cycle.

Summary: 

We will be looking for price action signals to take a buy trade as the pair goes lower in what we believe is a retracement.

Daily chart

EURUSD retraces lower towards the 23.6 Fib level.

Daily candle close yesterday shows a red candle

We will allow price to correct further before initiating a buy trade, going along with the up trend.

MACD Histogram: Histogram in red and above zero line. Down cycle.

Summary: 

We will be looking for price action signals to take a buy trade as the pair goes lower in what we believe is a retracement.

4 Hour Chart

Price have dropped to a support level.

MACD histogram: Histogram in red and below the zero line. Down cycle.

Summary:

Buyers can look to buy at this level for an intraday trade.

Entry at current level at 1.1971 and TP at 1.20 for a 29 pips profit. SL at 1.1942. R:R of 1:1.

Weekly chart

EURUSD held above the resistance level it broke out from at 1.14705.

Outlook remains BULLISH. Why?

1. Price trading above dynamic support (Moving averages)
2. Price trading above the 38.2 Fib level. Potentially heading to the 50.0 Fib level.
3. MACD Histogram shows beginning of up cycle. Color in green.

Resistance levels:

1. 1.2095 (Swing high)
2. 50.0 Fib level at 1.22250

Support levels:

1. 1.14705 (Resistance turned support level)

Daily chart

EURUSD continues to test resistance.

Daily candle close yesterday shows a green candle, another test of the resistance zone.

Momentum continues to the upside but we will not be taking any trades here, preferring to buy when this pair corrects.

MACD Histogram: In green and above zero line. Up cycle.

Summary: 

We are not buying at these levels.

We will look to join the trend to the upside when price hits lower levels on retracement. First level at 23.6 Fib level. 2nd level at dynamic support.

4 Hour Chart

Price looks like it is topping on the H4 chart but still holding above dynamic support.

MACD histogram: In red. Down cycle.

Summary:

We will look to buy when this pair retraces lower. We will observe price action when price resistance turned support level at the 1.1959 zone.

Daily chart

EURUSD surged to the upside and hit resistance at 1.2080.

Daily candle close yesterday shows a red candle, a reaction to resistance level at that zone.

Pair may correct to the downside towards the 23.8 Fib level before continuing to the upside.

Resistance at 1.2080 needs to be broken for momentum to continue to pick up.

First support level at the 1.1956 zone.

Slanting line of the uptrend channel may provide next support.

MACD Histogram: In green and above zero line. Up cycle.

Summary: 

Pair may retrace lower.

Look to join the trend to the upside when price hits lower levels. First level at 23.6 Fib level. 2nd level at dynamic support.

4 Hour Chart

Price trades below 15ema and going towards 33 ema.

Price may be heading lower towards the 1.1960 level in the short term.

MACD histogram: In red. Down cycle.

Summary:

Retracement lower at the moment.

Daily chart

EURUSD is on an uptrend.

Possible targets to the the upside includes the first supply level at 1.2095.

Next resistance is the 50% Fib level at 1.22250

Support lies at around the 1.1735 level.

4 Hour Chart

Price trades above 15 and 33 ema. Bullish momentum prevails.

MACD histogram in green. Upcycle.