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EUR/USD technical analysis: Fiber trading near daily lows just above 1.1380

  • EUR/USD bear trend is at risk as the market trades above its main DSMAs.
  • In the near term, 1.1418 is acting as resistance.

EUR/USD daily chart

EUR/USD is trading above its main daily simple moving averages (DSMAs) suggesting that the bear trend might be in peril.


EUR/USD 4-hour chart

In the medium term, the market has a bullish bias above its main SMAs. The market is holding above a strong support according to the Technical Confluences Indicator. However, if bears break it, the next support can be seen at 1.1340 and 1.1310.


EUR/USD 30-minute chart

EUR/USD is trading below the 1.1400 figure and its 50 SMA. According to the Technical Confluences Indicator, resistances are at the 1.1400 figure and the 1.1418 level.

Additional key levels

EUR/USD

Overview
Today last price1.1382
Today Daily Change-0.0016
Today Daily Change %-0.14
Today daily open1.1398
 
Trends
Daily SMA201.1251
Daily SMA501.1221
Daily SMA1001.1261
Daily SMA2001.1351
Levels
Previous Daily High1.1404
Previous Daily Low1.1367
Previous Weekly High1.1378
Previous Weekly Low1.1181
Previous Monthly High1.1266
Previous Monthly Low1.1107
Daily Fibonacci 38.2%1.139
Daily Fibonacci 61.8%1.1381
Daily Pivot Point S11.1376
Daily Pivot Point S21.1353
Daily Pivot Point S31.1339
Daily Pivot Point R11.1413
Daily Pivot Point R21.1427
Daily Pivot Point R31.145

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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