EUR/USD technical analysis: Fiber leaps near weekly highs on Fed’s Williams dovish comments
|- Fed’s William sent the US Dollar down across the board.
- EUR/USD is having a boost as it is approaching 1.1292 resistance.
EUR/USD daily chart
EUR/USD is in a bear trend below the 100-day simple moving average (DSMA). The US Dollar fell across the board after Fed’s William said that is better to cut preventatively than to wait for a disaster.
EUR/USD 4-hour chart
EUR/USD is challenging the 1.1280 level near the 100/200 SMAs, bulls want to break above 1.1292 and 1.1320 according to the Technical Confluences Indicator. Futher up lies the 1.1355 resistance.
EUR/USD 30-minute chart
EUR/USD is trading above its main SMAs suggesting bullish momentum in the near term. Immediate support can be seen at 1.1256 and 1.1230, according to the Technical Confluences Indicator.
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.