EUR/USD technical analysis: Break of 3-week old support-line highlights 1.1110 for sellers


  • The immediate support-line break signal further declines to the latest lows.
  • Multiple resistances stand tall to confine the quote’s rise.

Having breached short-term ascending trend-line support, the EUR/USD pair now trades near 1.1175 during the early Asian session on Friday.

Break of three-week-old support-line signals the quote’s further declines to 1.1145 and then to the latest low around 1.1110.

However, pair’s downside under 1.1110 might not hesitate to rush toward 1.0000 parity level with early May 2017 high of 1.1015 being likely intermediate halt.

Alternatively, 1.1215 and a downward sloping trend-line from March 22 at 1.1240 could question buyers.

Should prices rally past-1.1240, 1.1270, 1.1280 and 1.1330 can entertain the optimists.

EUR/USD 4-Hour chart

Trend: Bearish

Additional important levels

Overview
Today last price 1.1174
Today Daily Change -4 pips
Today Daily Change % -0.04%
Today daily open 1.1178
 
Trends
Daily SMA20 1.1199
Daily SMA50 1.1246
Daily SMA100 1.1314
Daily SMA200 1.1396
Levels
Previous Daily High 1.1226
Previous Daily Low 1.1166
Previous Weekly High 1.1254
Previous Weekly Low 1.1166
Previous Monthly High 1.1326
Previous Monthly Low 1.1111
Daily Fibonacci 38.2% 1.1189
Daily Fibonacci 61.8% 1.1203
Daily Pivot Point S1 1.1155
Daily Pivot Point S2 1.1131
Daily Pivot Point S3 1.1096
Daily Pivot Point R1 1.1214
Daily Pivot Point R2 1.1249
Daily Pivot Point R3 1.1273

 

 

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei. European elections are warming up.

EUR/USD News

GBP/USD consolidates its losses amid Brexit pessimism

GBP/USD is trading in the low 1.2700s, close to the lowest since January. UK PM May is set to present a new plan after cross-party talks failed and as calls for her to quit mount.

GBP/USD News

USD/JPY consolidates around 110.20 amid risk-on, upbeat Japanese GDP

USD/JPY is seen consolidating its uptick to two-week tops of 110.32, as upbeat Japan’s Q1 2019 GDP data combined with mixed Asian equities appear to cap further upside. 

USD/JPY News

Gold aims to revisit 9-month old support-line near $1272

Gold is on its third negative trading day as it seesaws near $1276.50 ahead of the European open on Monday. Pessimism surrounding the US-China and the US-Iran relations could limit the bullion’s decline near trend-line support.

Gold News

Cryptos stage a Sunday surge, levels to watch – Confluence Detector

Cryptocurrencies have enjoyed a massive comeback early on Sunday, recovering most losses. The cleanup seen ahead of the weekend may be over, and it is time to look up to higher levels. Here are the levels to watch according to the Confluence Detector.

Read more

Majors

Cryptocurrencies

Signatures