EUR/USD Technical Analysis: 1.1360 bear target hit as the Greenback strengthens across the board


EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 100 and 200-day simple moving average (SMA). 
  • EUR/USD rejected the 1.1400 figure along with the 50 SMA. 
  • As forecast at the start of the New York session, EUR/USD hit the 1.1360 target as the market is about to end the New York session near the 1.1354 level.

EUR/USD 4-hour chart

  • EUR/USD is trading below its main SMAs suggesting that the market will trade back to 1.1300 figure. 

EUR/USD 30-minute chart

  • On small time frames, the momentum is bearish although currently oversold, so bears should allow some room for a potential pullback up in the very short-term. 
  • Resistances to the upside are likely seen near 1.1365 and the 1.1385 level. 
  • Targets to the downside can be seen near 1.1320 and 1.1300 figure. 

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1354
    Today Daily change: -57 pips
    Today Daily change %: -0.500%
    Today Daily Open: 1.1411
Trends:
    Previous Daily SMA20: 1.1353
    Previous Daily SMA50: 1.1417
    Previous Daily SMA100: 1.1515
    Previous Daily SMA200: 1.1742
Levels:
    Previous Daily High: 1.1424
    Previous Daily Low: 1.136
    Previous Weekly High: 1.1424
    Previous Weekly Low: 1.1311
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.14
    Previous Daily Fibonacci 61.8%: 1.1385
    Previous Daily Pivot Point S1: 1.1373
    Previous Daily Pivot Point S2: 1.1335
    Previous Daily Pivot Point S3: 1.131
    Previous Daily Pivot Point R1: 1.1437
    Previous Daily Pivot Point R2: 1.1462
    Previous Daily Pivot Point R3: 1.15

 

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