The Euro holds in green for the fifth straight day and posted new marginally higher high at 1.1179 (the highest in five weeks) on Monday, as three consecutive bullish weeks also add to positive outlook.
Bulls focus pivotal barrier at 1.1208 (200DMA / Fibo 61.8% of 1.1412/1.0878), but risk of pullback preceding final attack at 1.1208, remaining in play as stochastic is overbought and bullish momentum starting to fade.
Broken 100DMA offers solid support at 1.1137, guarding more significant daily cloud top (1.1107) is expected to hold extended dips and keep bulls in play.
Bulls would be put on hold if pullback penetrates and closes within daily cloud that would risk deeper pullback and expose next pivotal supports at 1.1064 (rising daily Tenkan-sen) and 1.1047 (daily cloud base).

Res: 1.1179; 1.1208; 1.1230; 1.1286
Sup: 1.1149; 1.1137; 1.1107; 1.1064



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

    1. R3 1.1248
    2. R2 1.121
    3. R1 1.119
  1. PP 1.1152
    1. S1 1.1132
    2. S2 1.1094
    3. S3 1.1074


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.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex Analysis

Editors’ Picks

EUR/USD hits three-month highs above 1.1150 amid relentless USD selling

EUR/USD extends the advance above 1.1150, hitting fresh three-month highs amid relentless US dollar selling and the upbeat market mood. The focus remains on the Eurozone/ US PMIs.


GBP/USD regains 1.2400 ahead of UK Manufacturing PMI

GBP/USD climbs back above 1.2400 as the US dollar sees a fresh leg lower in early Europe. Calls of further help to British employees add to the upside momentum. The UK/US PMIs eyed ahead of Tuesday's Brexit talks. 


FX Today: USD hit by escalating US riots, risk-on mood; US ISM PMI eyed amid light trading

The US dollar took a beating across the board starting out a new month/ week, as markets breathed a sigh of relief on the US’ softer stance on China. The dollar weakness was also backed by the escalating riots in the US cities, with curfews imposed on major cities. 

Read more

Gold: Teasing a rectangle breakout, $1750 in sight

Gold bulls gathering pace for the next push higher. The extension of last week’s rally in the yellow metal is mainly driven by the sell-off in the US dollar across the board, in the wake of US-China trade war relief and escalating US riots.

Gold News

WTI: Overbought RSI challenges the bulls above $35.50

WTI seesaws around 7-week-old resistance line, retreats from highest since March 11. A short-term ascending trend line on the bears’ radars during the pullback. 100-day SMA, 61.8% Fibonacci retracement together offers strong upside barrier.

Oil News

Forex Majors