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EUR/USD technical analysis: Fiber leaps near weekly highs on Fed’s Williams dovish comments

  • Fed’s William sent the US Dollar down across the board. 
  • EUR/USD is having a boost as it is approaching 1.1292 resistance.

EUR/USD daily chart

EUR/USD is in a bear trend below the 100-day simple moving average (DSMA). The US Dollar fell across the board after Fed’s William said that is better to cut preventatively than to wait for a disaster. 

EUR/USD 4-hour chart

 
EUR/USD is challenging the 1.1280 level near the 100/200 SMAs, bulls want to break above 1.1292 and 1.1320 according to the Technical Confluences Indicator. Futher up lies the 1.1355 resistance.


EUR/USD 30-minute chart
 


EUR/USD is trading above its main SMAs suggesting bullish momentum in the near term. Immediate support can be seen at 1.1256 and 1.1230, according to the Technical Confluences Indicator.

 

Additional key levels

EUR/USD

Overview
Today last price1.1277
Today Daily Change0.0051
Today Daily Change %0.45
Today daily open1.1226
 
Trends
Daily SMA201.129
Daily SMA501.1245
Daily SMA1001.1252
Daily SMA2001.1322
Levels
Previous Daily High1.1234
Previous Daily Low1.12
Previous Weekly High1.1286
Previous Weekly Low1.1193
Previous Monthly High1.1414
Previous Monthly Low1.116
Daily Fibonacci 38.2%1.1221
Daily Fibonacci 61.8%1.1213
Daily Pivot Point S11.1206
Daily Pivot Point S21.1186
Daily Pivot Point S31.1172
Daily Pivot Point R11.124
Daily Pivot Point R21.1254
Daily Pivot Point R31.1273

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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