EUR/USD Technical Analysis: EUR/USD traders bracing themselves for a surge to 1.1500 figure
|- EUR/USD main trend is currently facing some headwinds with bulls in the fourth day of consolidation up.
- EUR/USD is in a bullish channel with the 100 and 200-period simple moving average having a bullish slope. EUR/USD next hurdle is last week high at 1.1445. Once the level is cleared there is not much resistance all the way up to the 1.1500 figure.
- A sustained bear breakout below 1.1365 would negate the short-term bullish momentum.
Spot rate: 1.1440
Relative change: 0.02%
High: 1.1444
Low: 1.1394
Main trend: Bearish
Short-term trend: Bullish above 1.1365
Resistance 1: 1.1445 last week high
Resistance 2: 1.1483 intraday swing high (August 10)
Resistance 3: 1.1500 figure
Support 1: 1.1430 August 14 high
Support 2: 1.1400 figure
Support 3: 1.1365 August 13 low
Support 4: 1.1347 intraday swing high (August 15)
Support 5: 1.1300 figure
Support 6: 1.1250 May 24, 2017 high
Support 7: 1.1178 June 27, 2017 low
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.