EUR/USD Technical Analysis: Declining resistance keeping the Fiber under bearish wraps


  • The past week has seen the Fiber move haltingly lower, but so far last Friday's low at 1.1335 is holding as the current support for the pair.


  • The past month sees the Fiber in more bearish straits, falling steadily from a four-week peak of 1.1621, and the 50-period moving average is holding as declining resistance for the EUR/USD.



    Last Price: 1.1379
    Daily change: -1.5e+2 pips
    Daily change: -1.32%
    Daily Open: 1.1531
    Daily SMA20: 1.1571
    Daily SMA50: 1.1584
    Daily SMA100: 1.1623
    Daily SMA200: 1.1909
    Daily High: 1.154
    Daily Low: 1.1531
    Weekly High: 1.1551
    Weekly Low: 1.1336
    Monthly High: 1.1816
    Monthly Low: 1.1526
    Daily Fibonacci 38.2%: 1.1496
    Daily Fibonacci 61.8%: 1.1472
    Daily Pivot Point S1: 1.1453
    Daily Pivot Point S2: 1.1392
    Daily Pivot Point S3: 1.1351
    Daily Pivot Point R1: 1.1555
    Daily Pivot Point R2: 1.1596
    Daily Pivot Point R3: 1.1657


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