EUR/USD Technical Analysis: rising wedge to make a challenge play for 1.1550
|- The Euro is making halting progress against the US Dollar, but the upside remains constrained by near-term resistance from 1.1540.
- This week's action has seen a rising trendline form a bullish wedge into resistance, and buyers will be looking to haul the EUR/USD over the key level in an effort to target 1.16 again.
- Bearish swings are keeping the pair from a smooth transition, but the Greenback could be set for a swing lower.
EUR/USD
Overview:
Last Price: 1.1536
Daily change: 15 pips
Daily change: 0.130%
Daily Open: 1.1521
Trends:
Daily SMA20: 1.1625
Daily SMA50: 1.1585
Daily SMA100: 1.163
Daily SMA200: 1.1925
Levels:
Daily High: 1.1546
Daily Low: 1.148
Weekly High: 1.1625
Weekly Low: 1.1464
Monthly High: 1.1816
Monthly Low: 1.1464
Daily Fibonacci 38.2%: 1.1521
Daily Fibonacci 61.8%: 1.1505
Daily Pivot Point S1: 1.1485
Daily Pivot Point S2: 1.1449
Daily Pivot Point S3: 1.1419
Daily Pivot Point R1: 1.1552
Daily Pivot Point R2: 1.1582
Daily Pivot Point R3: 1.1618
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.