EUR/USD Technical Analysis: Fails to sustain/build on momentum beyond 1.1600

   •  This week's recovery move from seven-week low stalled ahead of 100-period SMA on the 4-hourly chart and the pair struggled to sustain/build on an early momentum beyond the 1.1600 handle.

   •  Short-term technical indicators on the mentioned chart maintain a positive bias and the pair continues to hold above important intraday moving averages - 50, 100 & 200-hour SMAs. 

   •  The set-up clearly points to a more near-term positive outlook and hence, dip-buying interest should help limit any immediate sharp downfall amid absent market moving economic releases.

EUR/USD 4-hourly chart


    Last Price: 1.1578
    Daily change: -16 pips
    Daily change: -0.138%
    Daily Open: 1.1594
    Daily SMA20: 1.1621
    Daily SMA50: 1.1586
    Daily SMA100: 1.1629
    Daily SMA200: 1.1923
    Daily High: 1.16
    Daily Low: 1.1519
    Weekly High: 1.1625
    Weekly Low: 1.1464
    Monthly High: 1.1816
    Monthly Low: 1.1464
    Daily Fibonacci 38.2%: 1.1569
    Daily Fibonacci 61.8%: 1.155
    Daily Pivot Point S1: 1.1542
    Daily Pivot Point S2: 1.149
    Daily Pivot Point S3: 1.1461
    Daily Pivot Point R1: 1.1623
    Daily Pivot Point R2: 1.1652
    Daily Pivot Point R3: 1.1704


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.