EUR/USD Technical Analysis: Early Monday bullish action could face near-term challenges


  • EUR/USD faces early risk-on action following Monday market open, but the upside remains limited as the pair remains far off of Friday's peaks.

EUR/USD, 5-Minute

  • Although the pair looks set to continue the current push off of a higher low, technical indicators are set for a return to the mean, and the EUR continues to struggle at major levels.

EUR/USD, 30-Minute

  • On 4-Hour candles, EUR/USD continues to face rejection from the 200-period moving average currently sitting at 1.1390, and near-term swing lows are coiling the pair into a breaking pattern,  but the overall trend remains biased towards the downside.

EUR/USD, 4-Hour

EUR/USD

Overview:
    Today Last Price: 1.1364
    Today Daily change: 42 pips
    Today Daily change %: 0.371%
    Today Daily Open: 1.1322
Trends:
    Previous Daily SMA20: 1.136
    Previous Daily SMA50: 1.1451
    Previous Daily SMA100: 1.153
    Previous Daily SMA200: 1.1765
Levels:
    Previous Daily High: 1.1402
    Previous Daily Low: 1.1305
    Previous Weekly High: 1.1402
    Previous Weekly Low: 1.1267
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1342
    Previous Daily Fibonacci 61.8%: 1.1365
    Previous Daily Pivot Point S1: 1.1284
    Previous Daily Pivot Point S2: 1.1247
    Previous Daily Pivot Point S3: 1.1188
    Previous Daily Pivot Point R1: 1.138
    Previous Daily Pivot Point R2: 1.1439
    Previous Daily Pivot Point R3: 1.1477

 

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