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EUR/USD Price Analysis: Euro ends the week below the 1.1200 handle

  • The euro is reversing up from the session’s low.
  • The market is likely contained in the 1.1150-1.1190 range. 
 

EUR/USD daily chart

 
The market is retracing down while above the main daily simple moving averages. 
 

EUR/USD four-hour chart

 
EUR/USD is reversing up from the 1.1150/32 support zone while above the main SMAs. Buyers need a break of the 1.1190 resistance. But, since the euro has been so two-sided, the market is probably going to stay within the 1.1150-1.1190 range in the medium term. A daily break above 1.1190 could imply a spike to 1.1225 and 1.1248 levels, according to the Technical Confluences Indicator. Conversely, sellers want to pierce the 1.1150/32 price zone to reach the 1.1098/74 level. 
 

Additional key levels

EUR/USD

Overview
Today last price1.1162
Today Daily Change-0.0006
Today Daily Change %-0.05
Today daily open1.1168
 
Trends
Daily SMA201.113
Daily SMA501.1091
Daily SMA1001.1063
Daily SMA2001.1143
 
Levels
Previous Daily High1.1276
Previous Daily Low1.1163
Previous Weekly High1.1189
Previous Weekly Low1.1069
Previous Monthly High1.124
Previous Monthly Low1.1002
Daily Fibonacci 38.2%1.1207
Daily Fibonacci 61.8%1.1233
Daily Pivot Point S11.1129
Daily Pivot Point S21.109
Daily Pivot Point S31.1016
Daily Pivot Point R11.1242
Daily Pivot Point R21.1316
Daily Pivot Point R31.1355

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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