EURUSD

Bulls fully regained control after shallow pullback and pressure last Friday’s 2 ½ month high / 200WMA (1.1347), with key barriers at 1.1364 (200SMA) and 1.1377 (Fibo 38.2% of 1.1815/1.1107) being in focus, as weak dollar adds to bullish outlook.
Overbought daily stochastic and weaker momentum warn that bulls may show hesitation at these levels and price adjustment may precede final break higher.
Broken bear-trendline offers solid support at 1.1299 and guards key supports at 1.1279/72 (daily cloud top / 100SMA).
US inflation data are due later today and may provide fresh signals.

Res: 1.1347; 1.1364; 1.1377; 1.1400
Sup: 1.1318; 1.1299; 1.1279; 1.1259

EURUSD

 

 

Interested in EURUSD technicals? Check out the key levels

    1. R3 1.1381
    2. R2 1.136
    3. R1 1.1344
  1. PP 1.1322
    1. S1 1.1306
    2. S2 1.1285
    3. S3 1.1269

 

The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

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