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EUR/USD Technical Analysis: Dropping into 1.1330 in the European pre-market

  • The EUR/USD major pairing is looking at some quick selling heading into the European market session after a mild bid through Tuesday's early trading.
  • The previous twenty-four hours saw the Euro pick up to the 1.1380 region before ducking back down to the week's open just above the 1.1300 barrier.

EUR/USD Chart, 5-Minute

  • Over the past two weeks the EUR/USD has begun to round out, and swing highs are beginning to see capping action as broader markets begin to swing bullish on the Greenback.

EUR/USD Chart, 30-Minute

  • The past two months shows the Fiber setting up for a bearish continuation in the mid-term, and the next leg down will see sellers targeting beyond the 1.1240 level.

EUR/USD Chart, 4-Hour

EUR/USD

Overview:
    Today Last Price: 1.1334
    Today Daily change: 0.0 pips
    Today Daily change %: 0.00%
    Today Daily Open: 1.1334
Trends:
    Previous Daily SMA20: 1.1364
    Previous Daily SMA50: 1.1481
    Previous Daily SMA100: 1.1544
    Previous Daily SMA200: 1.1785
Levels:
    Previous Daily High: 1.1384
    Previous Daily Low: 1.1326
    Previous Weekly High: 1.1473
    Previous Weekly Low: 1.1328
    Previous Monthly High: 1.1625
    Previous Monthly Low: 1.1302
    Previous Daily Fibonacci 38.2%: 1.1348
    Previous Daily Fibonacci 61.8%: 1.1362
    Previous Daily Pivot Point S1: 1.1312
    Previous Daily Pivot Point S2: 1.1289
    Previous Daily Pivot Point S3: 1.1253
    Previous Daily Pivot Point R1: 1.137
    Previous Daily Pivot Point R2: 1.1406
    Previous Daily Pivot Point R3: 1.1429

 

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