EUR/USD technical analysis: Fiber breaks above 1.1263 within its daily range
|- EUR/USD breaks above 1.1263 opening the doors to 1.1274 resistance.
- The level to beat for sellers is 1.1245 followed by 1.1220.
EUR/USD daily chart
EUR/USD is in a bear trend below the 1.1300 handle and its 200-day simple moving averages (DSMAs). The market is trading just above the 100 SMA.
EUR/USD 4-hour chart
EUR/USD broke above 1.1263 resistance opening the doors to 1.1274 resistance, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading above its main SMAs suggesting bullish momentum in the near term. If bears want to retake control they would need a beak below 1.1245 support followed by 1.1220.
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.