EUR/USD technical analysis: Euro advancing near 1.1260 ahead of FOMC minutes

EUR/USD is gaining momentum as the market breaks to new weekly highs.
Investors will be focusing on the FOMC minutes at 18.00 GMT.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD trading in a bear trend below its 200-day simple moving averages (DSMA). The market is now testing the 1.1260 level and the 100 DSMA.

EUR/USD 4-hour chart

EUR/USD is recovering from the weekly lows as the market is approaching 1.1270 resistance and the 200 SMA. The next main resistance is seen at 1.1320 according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is advancing above 1.1245 and the main SMAs suggesting bullish momentum in the near term. Supports can be seen near 1.1245 and the 1.1220 levels, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price	1.126
Today Daily Change	0.0052
Today Daily Change %	0.46
Today daily open	1.1208

Trends
Daily SMA20	1.1296
Daily SMA50	1.1229
Daily SMA100	1.1262
Daily SMA200	1.1344

Levels
Previous Daily High	1.122
Previous Daily Low	1.1193
Previous Weekly High	1.1373
Previous Weekly Low	1.1207
Previous Monthly High	1.1414
Previous Monthly Low	1.116
Daily Fibonacci 38.2%	1.1204
Daily Fibonacci 61.8%	1.121
Daily Pivot Point S1	1.1194
Daily Pivot Point S2	1.118
Daily Pivot Point S3	1.1167
Daily Pivot Point R1	1.1222
Daily Pivot Point R2	1.1235
Daily Pivot Point R3	1.1249

Author

Flavio Tosti

Independent Analyst

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