Last Update At 16 Jan 2020 01:14GMT

Trend Daily Chart

Daily Indicators
Turning down



Trend Hourly Chart
Near term up

Hourly Indicators
Turning down



Daily Analysis
One more rise b4 retreat

1.1239 - Dec's 4-1/2 month high (31st)
1.1206 - Last week's high (Mon)
1.1168 - Last Wed's high

1.1086 - Last week's low (Fri)
1.1067 - Dec 20 low
1.1041 - Dec 06 low

EUR/USD - 1.1154.. Although euro retreat fm 1.1136 to 1.1119 in European morning y'day' renewed buying emerged n lifted price, the pair later resumed this week's rise n climbed to 1.1163 in NY morning b4 retreating to 1.1144.

On the bigger picture, euro resumed its LT upmove fm 2017 near 14-year low of 1.0341 to a fresh 3-year peak of 1.2555 in mid-Feb 2018. Despite subsequent sell 1st day off to 1.1216 in Nov 2018, then to a fresh 28-month bottom at 1.0880 in Oct 2019, euro's rally to a 4-1/2 month peak of 1.1239 in Dec suggests low has been made n may head to 1.1249 (Aug high), break would encourage for further headway twd 1.1347 (50% r fm 1.1815-1.0880) in late Feb/Mar. Having said that, euro's fall fm 1.1239 to 1.1086 has dampened bullish outlook, a weekly close below 1.1067 sup would risk stronger retracement of said rise fm 1.0880 to 1.1017 (61.8% r fm 1.0880), however, reckon pivotal sup at 1.0982 should hold.

Today, although y'day's break of Mon's 1.1146 high to 1.1163 suggests near term upmove fm last Fri's 1.1086 low has resumed n mild upside bias would be seen, as hourly oscillators' readings would be in overbought territory, reckon 1.1206 would hold n yield retreat. Below 1.1105 yields 1.1086, then 1.1067.



Interested in EUR/USD technicals? Check out the key levels

    1. R3 1.1218
    2. R2 1.1191
    3. R1 1.1172
  1. PP 1.1145
    1. S1 1.1126
    2. S2 1.1099
    3. S3 1.108

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