|

EUR/USD Technical Analysis: Euro at daily highs breaking above 1.1300 figure

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA).

EUR/USD 4-hour chart

  • EUR/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.

EUR/USD 30-minute chart

  • EUR/USD reclaimed the 1.1300 figure as the market is trading above its 50 and 100 SMA while bulls are challenging the 200 SMA.
  • A break of 1.1330 could lead to a move up to 1.1355 and 1.1400 in the medium-term. 
  • To the downside, support is seen at 1.1300 and 1.1270. 

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1317
    Today Daily change: 41 pips
    Today Daily change %: 0.36%
    Today Daily Open: 1.1276
Trends:
    Daily SMA20: 1.139
    Daily SMA50: 1.1398
    Daily SMA100: 1.1421
    Daily SMA200: 1.1541
Levels:
    Previous Daily High: 1.1332
    Previous Daily Low: 1.1267
    Previous Weekly High: 1.1462
    Previous Weekly Low: 1.132
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1292
    Daily Fibonacci 61.8%: 1.1307
    Daily Pivot Point S1: 1.1252
    Daily Pivot Point S2: 1.1228
    Daily Pivot Point S3: 1.1188
    Daily Pivot Point R1: 1.1316
    Daily Pivot Point R2: 1.1356
    Daily Pivot Point R3: 1.138

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

More from Flavio Tosti
Share:

Editor's Picks

EUR/USD ticks higher to near 1.1800 ahead of German inflation data

EUR/USD trades marginally higher to near 1.1800 in the European session on Friday, helped by renewed US Dollar weakness. Attention now turns toward the release of the preliminary inflation data for February from Germany and its major states during the day.

GBP/USD struggles near 1.3500 amid UK political drama, BoE easing bias

GBP/USD struggles to build on the overnight modest bounce from the weekly low and oscillates in a narrow band near 1.3500 in European trading on Friday. The Gorton and Denton by-election, held on February 26, has become a focal point of political drama in the UK, along with the Bank of England (BoE) easing expectations, acts as a headwind for the British Pound and the GBP/USD pair.

Gold sticks to positive bias as safe-haven demand persists; $5,200 holds the key for bulls

Gold trades with positive bias for the third straight day on Friday, with bulls still awaiting sustained strength and acceptance above the $5,200 mark before positioning for any further gains. Geopolitical risks remain in play amid a large US naval and air power buildup in the Middle East.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary. 

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.