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EUR/USD Technical Analysis: Limited upside and limited downside in the New York session

EUR/USD 4-hour chart

  • EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart. 
  • EUR/USD is attempting to retest the high made earlier in the week at 1.1473. The RSI indicator is above 50, the MACD is decelerating and the Stochastic is in negative territories. 
  • The upside is likely limited above 1.1450. The target for bears should remain the 1.1350 level. 

Additional key levels at a glance:

EUR/USD

Overview:
    Last Price: 1.1409
    Daily change: 40 pips
    Daily change: 0.352%
    Daily Open: 1.1369
Trends:
    Daily SMA20: 1.1368
    Daily SMA50: 1.1504
    Daily SMA100: 1.1558
    Daily SMA200: 1.1806
Levels:
    Daily High: 1.1473
    Daily Low: 1.1358
    Weekly High: 1.142
    Weekly Low: 1.1216
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1402
    Daily Fibonacci 61.8%: 1.1429
    Daily Pivot Point S1: 1.1327
    Daily Pivot Point S2: 1.1284
    Daily Pivot Point S3: 1.1211
    Daily Pivot Point R1: 1.1442
    Daily Pivot Point R2: 1.1515
    Daily Pivot Point R3: 1.1558

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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