EUR/USD technical analysis: Bulls trying hard to lift the market towards 1.1180 level


EUR/USD daily chart

EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). 


EUR/USD 4-hour chart

EUR/USD is trading below its main SMAs suggesting a bearish momentum in the near term. 

EUR/USD 30-minute chart

The market is trading above the 50 and 100 SMAs suggesting a consolidation in the short term. The next hurdle for bulls is 1.1180 resistance followed by 1.1200 the figure and 1.1220 level. On the flip side, a break below 1.1150 (Monday low) can lead to 1.1140 and 1.1110 (2019 low) on the way down.

Additional key levels

EUR/USD

Overview
Today last price 1.1172
Today Daily Change 0.0014
Today Daily Change % 0.13
Today daily open 1.1158
 
Trends
Daily SMA20 1.1195
Daily SMA50 1.1245
Daily SMA100 1.1311
Daily SMA200 1.1395
Levels
Previous Daily High 1.1186
Previous Daily Low 1.1154
Previous Weekly High 1.1264
Previous Weekly Low 1.1154
Previous Monthly High 1.1326
Previous Monthly Low 1.1111
Daily Fibonacci 38.2% 1.1166
Daily Fibonacci 61.8% 1.1174
Daily Pivot Point S1 1.1147
Daily Pivot Point S2 1.1135
Daily Pivot Point S3 1.1116
Daily Pivot Point R1 1.1178
Daily Pivot Point R2 1.1197
Daily Pivot Point R3 1.1209

 

 

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 retreats from high, comfortable at higher ground

The EUR/USD pair is trading close but below 1.1300, as the positive momentum was dented by deteriorating EU Consumer Confidence. Dollar remains weak post-Fed.

EUR/USD News

GBP/USD holds around 1.2700, Tories had the final two candidates

Boris Johnson and Jeremy Hunt have been chosen as the two final candidates to replace PM May as Tory leader. Pound strong despite mixed Retail Sales and the BOE.

GBP/USD News

USD/JPY drops to multi-month lows below 107.50 amid escalating geopolitical tensions

After dropping to its lowest level since early January at 107.47, the USD/JPYpair retraced a small portion of its daily fall but came under renewed bearish pressure in the American session.

USD/JPY News

Gold fluctuates near multi-year highs above $1380, adds more than $20 on the day

With major central banks adopting a more cautious tone with regards to the economic outlook and hinting at rate cuts this week, gold became an investor favourite & the troy ounce of the precious metal rose more than $50 since the start of the week.

Gold News

FOMC: Prelude to a rate cut?

The Federal Reserve added little new to its policy prescript in Wednesday’s FOMC statement and economic projections and with the anticipation for a July rate cut long priced into market levels the reaction was decidedly uninvolved.

Read more

Majors

Cryptocurrencies

Signatures