News

EUR/USD technical analysis: Euro pops to daily highs near 1.1380 resistance

  • EUR/USD is in consolidation mode in the near term.
  • On the way down, supports are at 1.1340 and 1.1310.

EUR/USD daily chart

EUR/USD is trading above its main daily simple moving averages (DSMAs) suggesting that the bear trend is at risk.


EUR/USD 4-hour chart

The market is trading sideways between 1.1340 and 1.1400 figure. Further down support is at 1.1310 if 1.1340 gets broken.


EUR/USD 30-minute chart

EUR/USD is weakening below 1.1380 resistance suggesting a retracement down in the near term. According to the Technical Confluences Indicator, resistances are at the 1.1380 level and 1.1400 figure.

Additional key levels

 

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.