EUR/USD Technical Analysis: Mission Accomplished for New York bulls as the market hits 1.1400 strong resistance
|- EUR/USD is trading in a bear trend below the 200-period simple moving average.
- EUR/USD bulls lifted the market in the first part of the New York session and tested 1.1400 strong resistance.
- The bias remains bearish below 1.1400-1.1430 with targets at 1.1350 and the 2018 low at 1.1300 figure. A break above 1.1430 on a daily closing basis could put the bear rally on hold.
EUR/USD 4-hour chart
Main trend: Bearish
Resistance 1: 1.1400 figure
Resistance 2: 1.1430 October 9 low
Resistance 3: 1.1463 October 4 low
Resistance 4: 1.1500 figure and October 2 swing low
Resistance 5: 1.1530 August 23 swing low (key level)
Support 1: 1.1350 figure
Support 2: 1.1300 current 2018 low
Support 3: 1.1200 figure
Additional key levels at a glance:
EUR/USD
Overview:
Last Price: 1.1395
Daily change: 7.0 pips
Daily change: 0.0615%
Daily Open: 1.1388
Trends:
Daily SMA20: 1.1461
Daily SMA50: 1.1568
Daily SMA100: 1.1589
Daily SMA200: 1.1867
Levels:
Daily High: 1.1456
Daily Low: 1.1372
Weekly High: 1.1456
Weekly Low: 1.1302
Monthly High: 1.1625
Monthly Low: 1.1302
Daily Fibonacci 38.2%: 1.1404
Daily Fibonacci 61.8%: 1.1424
Daily Pivot Point S1: 1.1354
Daily Pivot Point S2: 1.1321
Daily Pivot Point S3: 1.1271
Daily Pivot Point R1: 1.1438
Daily Pivot Point R2: 1.1489
Daily Pivot Point R3: 1.1522
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