• Euro highs daily highs during Friday’s American session but remains sideways.
  • EUR/USD keeps moving around 1.1850, unable to confirm levels under 1.1800, neither above 1.1900.

The EUR/USD is about to end Friday hovering around 1.1850 posting modest weekly gains but unable to break the current consolidation phase. Recently climbed to 1.1870 hitting a two day high but it failed to make a run higher.

The euro ended the week one a strong not versus the US dollar considering that on Thursday it tested levels under 1.1750. Despite all the action, including the FOMC meeting, EUR/USD keeps moving sideways around the current levels.

“The FOMC meeting this week offered a potential catalyst for fresh momentum in the foreign exchange markets but the outcome of the meeting barely met expectations and hence we see limited scope for any renewed impetus to sell the dollar. That points to this period of consolidation continuing over the short-term”, explained analysts at MUFG Bank. They continue to see the EUR/USD in consolidation mode with the range of 1.1600-1.2000 set to hold over the coming months.

EUR/USD technical outlook

Valeria Bednarik, Chief Analyst at FXStreet points out the weekly chart in EUR/USD continues to develop far above all of its moving averages, with the 20 SMA maintaining its bullish slope above the larger ones. “Technical indicators, in the meantime, stabilized well into positive ground, indicating that there’s no interest on the greenback.” She notes the daily chart retains its neutral stance.

“An immediate support level is 1.1790, followed by 1.1695, August monthly low. However, the greenback remains out of the market favour and a decline towards this last seems unlikely. If it happens, strong buying interest will likely reappear around it. Resistances, on the other hand, come at 1.1915 and 1.2011, this year high”, adds Bednarik.


Today last price 1.1856
Today Daily Change 0.0008
Today Daily Change % 0.07
Today daily open 1.1848
Daily SMA20 1.184
Daily SMA50 1.1745
Daily SMA100 1.1429
Daily SMA200 1.1219
Previous Daily High 1.1852
Previous Daily Low 1.1738
Previous Weekly High 1.1918
Previous Weekly Low 1.1753
Previous Monthly High 1.1966
Previous Monthly Low 1.1696
Daily Fibonacci 38.2% 1.1809
Daily Fibonacci 61.8% 1.1781
Daily Pivot Point S1 1.1773
Daily Pivot Point S2 1.1698
Daily Pivot Point S3 1.1658
Daily Pivot Point R1 1.1888
Daily Pivot Point R2 1.1928
Daily Pivot Point R3 1.2003



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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news Join Telegram

Recommended content

Recommended content

Editors’ Picks

EUR/USD recaptures 1.0500 ahead of German inflation, central bankers

EUR/USD recaptures 1.0500 ahead of German inflation, central bankers

EUR/USD is trading above 1.0500, as the US dollar surrenders early gains despite the risk-off market mood. The euro finds support from hawkish ECB commentary and upbeat EU sentiment data. Policy Panel at the ECB Forum awaited. 


GBP/USD drops to weekly lows near 1.2150 amid risk-aversion

GBP/USD drops to weekly lows near 1.2150 amid risk-aversion

GBP/USD is dropping towards 1.2150 amid risk-aversion and a broadly subdued US dollar. Investors remain wary amid looming recession and Brexit worries. Powell and Bailey are due to speak at the Policy Panel at the ECB Forum on Wednesday. 


Gold hits two-week low, near $1,815 ahead of central bank speakers

Gold hits two-week low, near $1,815 ahead of central bank speakers

Gold prolonged this week's rejection slide from the very important 200-day SMA and edged lower for the third successive day on Wednesday. The downtick dragged spot prices to a nearly two-week low, around the $1,816-$1,815 region.

Gold News

Breaking: Bitcoin price at risk after dipping below $20,000

Breaking: Bitcoin price at risk after dipping below $20,000

 Bitcoin price has retraced nearly 10% over the past three days, going from a high of $22,020 on June 26th to recently hitting a low of $19,890.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!