EUR/USD technical analysis: Euro pops to daily highs ahead of the FOMC

  • EUR/USD rises to 1.1221 ahead of the FOMC. 
  • The level to beat for bears is at 1.1170 while bulls need to break 1.1239 resistance.

Investors are waiting for the FOMC report to be published at 18:00 GMT. The USD has been weakening across the board ahead of the report. 

EUR/USD daily chart

EUR/USD is trading in a bear trend below its main simple moving average (DSMA). The market has reclaimed the 1.1200 figure and is testing the 50 SMA at 1.1216.

EUR/USD 4-hour chart

The market reclaimed the 200 SMA suggesting that bulls might be regaining strength in the medium term. According to the Technical Confluences Indicator, the next resistance to the upside is seen at 1.1239 (5 DSMA and monthly Fibonacci of 23.6%). After which comes a strong resistances at 1.1257 (Monthly Pivot Point R1) and 1.1268 (previous month high, 10 and 100 DSMA. If the market break 1.1268 the market can travel towards 1.1344 (previous week high and monthly Pivot Point Resistance 2). 

Support levels are seen at 1.1170, 1.1146 and 1.1111. 

EUR/USD 30-minute chart

EUR/USD reclaimed the 50 and 100 SMAs suggesting potential bullish activity however the market is still trading below the 200 SMA. The level to beat for bears is 1.1170 followed by 1.1146 and 1.1111.

Additional key levels


Today last price 1.1213
Today Daily Change 0.0019
Today Daily Change % 0.17
Today daily open 1.1194
Daily SMA20 1.1224
Daily SMA50 1.1218
Daily SMA100 1.1267
Daily SMA200 1.1357
Previous Daily High 1.1244
Previous Daily Low 1.1181
Previous Weekly High 1.1344
Previous Weekly Low 1.1202
Previous Monthly High 1.1266
Previous Monthly Low 1.1107
Daily Fibonacci 38.2% 1.1205
Daily Fibonacci 61.8% 1.122
Daily Pivot Point S1 1.1168
Daily Pivot Point S2 1.1143
Daily Pivot Point S3 1.1105
Daily Pivot Point R1 1.1232
Daily Pivot Point R2 1.127
Daily Pivot Point R3 1.1295



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD consolidating its losses amid Brexit and trade uncertainty

EUR/USD is off the weekly highs but holds onto 1.11 amid uncertainty about the Brexit process and doubts that the US and China can reach a deal. Tension toward the ECB meeting mounts.


GBP/USD attempting to recover after parliament slowed down the Brexit process

GBP/USD is moving up toward 1.29, trying to recover after parliament rejected the fast-track process that PM Johnson wanted for approving his Brexit deal. An extension to Article 50 and elections are on the cards.


USD/JPY struggles below mid-108.00s, over one-week lows

The Greenback held weaker against its Japanese counterpart, with the USD/JPY pair struggling below mid-108.00s, or over one-week lows set earlier this Wednesday.


Gold: Clings to gain near the top end of 2-week old trading range

Gold gained some follow-through traction for the second consecutive session on Wednesday and is currently placed at the top end of a near two-week-old trading range.

Gold News

Cryptocurrencies price prediction: Bitcoin Cash, Ethereum & IOTA

The crypto market is bleeding across the board. Major cryptos like Bitcoin and Ethereum fall overnight while Bitcoin Cash engaged the reverse gear during Wednesday’s European session.

Read more