EUR/USD technical analysis: Euro at a stalemate ahead of the FOMC


  • EUR/USD is ticking up modestly at the start of the New York session as the market is nearing the 1.1072 resistance. 
  • EUR/USD remains mostly directionless as investors are awaiting the FOMC at 18:00 GMT.
 

EUR/USD daily chart

 
The shared currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). Investors will pay close attention to the FOMC this Wednesday as the market as already priced in a 25bps rate cut. 

EUR/USD four-hour chart

 
EUR/USD is trading between the 100 and 200 SMA, suggesting a range in the medium term. The market is waiting for the FOMC before committing to either side. If the market breaks the 1.1118 resistance EUR/USD can march towards 1.1141 and 1.1176 price levels, according to the Technical Confluences Indicator.
  
  
  

EUR/USD 30-minute chart

 
EUR/USD is trading above the 1.1044 support and the 100/200 SMAs suggesting potential bullish momentum. Further down lie the 1.1000 support followed by the 1.0970 price level, according to the Technical Confluences Indicator.

Additional key levels

EUR/USD

Overview
Today last price 1.106
Today Daily Change -0.0014
Today Daily Change % -0.13
Today daily open 1.1074
 
Trends
Daily SMA20 1.1049
Daily SMA50 1.1124
Daily SMA100 1.1181
Daily SMA200 1.1258
Levels
Previous Daily High 1.1076
Previous Daily Low 1.099
Previous Weekly High 1.111
Previous Weekly Low 1.0927
Previous Monthly High 1.1251
Previous Monthly Low 1.0962
Daily Fibonacci 38.2% 1.1043
Daily Fibonacci 61.8% 1.1023
Daily Pivot Point S1 1.1018
Daily Pivot Point S2 1.0961
Daily Pivot Point S3 1.0932
Daily Pivot Point R1 1.1103
Daily Pivot Point R2 1.1132
Daily Pivot Point R3 1.1188

 

 

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