EUR/USD Technical Analysis: Decisions to be made at an inflection point above 1.1550

The Euro found itself on the topside of a bullish push in early Asia action as the US Dollar stoops lower despite a lack of hard headlines or key data.
The EUR/USD is now at a middling point near 1.1550, with buyers hoping the current rising trendline will hold.
Hourly indicators are beginning to flash sell signals, and the current price action is beginning to curve away from Thursday's early peak.

Joshua Gibson FXStreet

EUR/USD Chart, 15-Minute

EUR/USD

Overview:
    Last Price: 1.1557
    Daily change: 36 pips
    Daily change: 0.312%
    Daily Open: 1.1521
Trends:
    Daily SMA20: 1.1625
    Daily SMA50: 1.1585
    Daily SMA100: 1.163
    Daily SMA200: 1.1925
Levels:
    Daily High: 1.1546
    Daily Low: 1.148
    Weekly High: 1.1625
    Weekly Low: 1.1464
    Monthly High: 1.1816
    Monthly Low: 1.1464
    Daily Fibonacci 38.2%: 1.1521
    Daily Fibonacci 61.8%: 1.1505
    Daily Pivot Point S1: 1.1485
    Daily Pivot Point S2: 1.1449
    Daily Pivot Point S3: 1.1419
    Daily Pivot Point R1: 1.1552
    Daily Pivot Point R2: 1.1582
    Daily Pivot Point R3: 1.1618

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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