EUR/USD Technical Analysis: Hindered at 1.1400, but bidders remain on the books

EUR/USD is catching some mild intraday bullish action off of a rising 50-period moving average, though the pair remains constrained underneath recent highs.

Joshua Gibson FXStreet

EUR/USD, 15-Minute

Hourly candles have the EUR/USD lifting into what could form into a fresh bullish pattern, but Wednesday's hard spike on broad-base Greenback selling has skewed the 50-hour moving average, which is knocking into the 200-hour moving average and geared for a bullish cross.

EUR/USD, 1-Hour

4-Hour candles are testing into a heavy resistance zone featuring several confluence factors, including a declining trendline, a bearish 200-period moving average, and the 61.8% Fibo retracement level from last week's peak.

EUR/USD, 4-Hour

EUR/USD

Overview:
    Today Last Price: 1.1393
    Today Daily change: 3.0 pips
    Today Daily change %: 0.0263%
    Today Daily Open: 1.139
Trends:
    Previous Daily SMA20: 1.1364
    Previous Daily SMA50: 1.146
    Previous Daily SMA100: 1.1534
    Previous Daily SMA200: 1.177
Levels:
    Previous Daily High: 1.1402
    Previous Daily Low: 1.1348
    Previous Weekly High: 1.1473
    Previous Weekly Low: 1.1328
    Previous Monthly High: 1.1625
    Previous Monthly Low: 1.1302
    Previous Daily Fibonacci 38.2%: 1.1382
    Previous Daily Fibonacci 61.8%: 1.1369
    Previous Daily Pivot Point S1: 1.1358
    Previous Daily Pivot Point S2: 1.1326
    Previous Daily Pivot Point S3: 1.1304
    Previous Daily Pivot Point R1: 1.1412
    Previous Daily Pivot Point R2: 1.1434
    Previous Daily Pivot Point R3: 1.1466

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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