EUR/USD: Reaching the support 1.190, the bears is still on
|Resistance/support analysis
The resistances are 1.198 and 1.209.
The supports are 1.178 and 1.170.
Moving average analysis
On the daily chart, both the EMA20/SMA50 are above the SMA200, showing bullish signal.
On the 4-hour chart, both the EMA20/SMA50 crossed the SMA200 and went down, showing bearish trend. In the mid-term, the bears is dominating this chart.
On the 1-hour chart, both the EMA20/SMA50 make a significant distance from the SMA200.
RSI analysis
On the daily chart, the RSI indicator shows a bearish signal which stops at 38.46. This means EUR/USD is on the bearish side.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.