EUR/USD Technical Analysis: Bearish wedge continuing to firm up as Fiber sees downside from 1.1460
|Over the past twenty-four hours, the EUR/USD continued to struggle near medium-term resistance near 1.1460, and Monday's bullish play fizzled as Greenback buyers stepped onto the scene, taking the Euro down from yesterday's peak near 1.1550. The shortside remains the favourable position, unless Tuesday's action sees EUR bidders mark in a return and drive the Fiber back into the 1.1500 region.
EUR/USD, M5
The past week continues to confirm a bearish bias, with Monday's chart action neatly rejecting the current downside trendline from 1.1550, and the previous support line from 1.1460 is threatening to turn into near-term resistance.
EUR/USD, M30
Over the past month, the EUR/USD has begun to shape up into a bearish wedge pattern, and rising potential for a firm break of the bottom of the pattern from 1.1460 will see the EUR/USD falling into new lows for 2018.
EUR/USD, H4
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EUR/USD
Overview:
Last Price: 1.1456
Daily change: -75 pips
Daily change: -0.650%
Daily Open: 1.1531
Trends:
Daily SMA20: 1.1571
Daily SMA50: 1.1584
Daily SMA100: 1.1623
Daily SMA200: 1.1909
Levels:
Daily High: 1.154
Daily Low: 1.1531
Weekly High: 1.1622
Weekly Low: 1.1433
Monthly High: 1.1816
Monthly Low: 1.1526
Daily Fibonacci 38.2%: 1.1496
Daily Fibonacci 61.8%: 1.1472
Daily Pivot Point S1: 1.1453
Daily Pivot Point S2: 1.1392
Daily Pivot Point S3: 1.1351
Daily Pivot Point R1: 1.1555
Daily Pivot Point R2: 1.1596
Daily Pivot Point R3: 1.1657
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