EUR/USD Technical Analysis: Euro weathering bearish attacks as 1.1400 is back on the table for bulls

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading in a bear trend below the 50, 100 and 200-day simple moving averages.
As forecast EUR/USD declined and missed the target by 10 pips, however a quick spike to the downside might still be on the cards in the Asian session.

EUR/USD 4-hour chart

EUR/USD is back to square one near the SMAs cluster close to the 1.1360 level.

EUR/USD 30-minute chart

EUR/USD is currently supported by the 50 SMA. The bulls are having the lead and they need to overcome the 1.1360 resistance in order to travel to the 1.1400 figure and target.
The 1.1320 level is now seen as support.

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1354
    Today Daily change: -17 pips
    Today Daily change %: -0.150%
    Today Daily Open: 1.1371
Trends:
    Previous Daily SMA20: 1.1364
    Previous Daily SMA50: 1.1407
    Previous Daily SMA100: 1.1504
    Previous Daily SMA200: 1.1728
Levels:
    Previous Daily High: 1.1388
    Previous Daily Low: 1.1314
    Previous Weekly High: 1.1424
    Previous Weekly Low: 1.1311
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.136
    Previous Daily Fibonacci 61.8%: 1.1342
    Previous Daily Pivot Point S1: 1.1328
    Previous Daily Pivot Point S2: 1.1285
    Previous Daily Pivot Point S3: 1.1255
    Previous Daily Pivot Point R1: 1.1401
    Previous Daily Pivot Point R2: 1.1431
    Previous Daily Pivot Point R3: 1.1474

Author

Flavio Tosti

Independent Analyst

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