EUR/USD Price Analysis: Euro makes a move toward Monday's high

EUR/USD's daily chart shows signs of indecision in the market.
A move above Monday's high is needed to revive the bullish bias.

Omkar Godbole FXStreet Contributor

EUR/USD is currently bid and closing on Monday's high of 1.1869.

Acceptance above that level would invalidate the indecision signal by long wicks attached to Monday's candle and imply a continuation of the recovery rally from the Nov. 11 low of 1.1745 toward the Nov. 9 high of 1.1920.

Alternatively, a move below Monday's low of 1.1814 would imply an end of the bounce from the Nov. 11 low and shift risk in favor of a re-test of 1.1745. A violation there would expose the Nov. 4 low of 1.1602.

The immediate bias would remain neutral as long as the pair is stuck within Monday's trading range of 1.1814-1.1869.

Daily chart

Trend: Neutral

Technical levels

EUR/USD

Overview
Today last price	1.1862
Today Daily Change	0.0010
Today Daily Change %	0.08
Today daily open	1.1852

Trends
Daily SMA20	1.1784
Daily SMA50	1.1771
Daily SMA100	1.1714
Daily SMA200	1.1358

Levels
Previous Daily High	1.1869
Previous Daily Low	1.1814
Previous Weekly High	1.192
Previous Weekly Low	1.1746
Previous Monthly High	1.1881
Previous Monthly Low	1.164
Daily Fibonacci 38.2%	1.1848
Daily Fibonacci 61.8%	1.1835
Daily Pivot Point S1	1.1821
Daily Pivot Point S2	1.1791
Daily Pivot Point S3	1.1767
Daily Pivot Point R1	1.1876
Daily Pivot Point R2	1.19
Daily Pivot Point R3	1.193

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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