EUR/USD Technical Analysis: Near term bearish below the 55-day SMA at 1.1268


  • The pair is prolonging the upside momentum and looks to consolidate above the critical 1.1200 barrier.
  • The initial hurdle of relevance emerges in the 1.1270 region, coincident with last week’s tops and the 55-day SMA. The downside pressure is expected to mitigate above this region.
  • Looking at the broader picture, another move lower to the 1.1100 neighbourhood remains on the cards as long as the multi-month resistance line, today at 1.1317, caps the upside.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.1195
Today Daily Change 28
Today Daily Change % -0.04
Today daily open 1.12
 
Trends
Daily SMA20 1.1227
Daily SMA50 1.1266
Daily SMA100 1.1329
Daily SMA200 1.1412
Levels
Previous Daily High 1.1211
Previous Daily Low 1.1172
Previous Weekly High 1.1266
Previous Weekly Low 1.1135
Previous Monthly High 1.1326
Previous Monthly Low 1.1111
Daily Fibonacci 38.2% 1.1196
Daily Fibonacci 61.8% 1.1187
Daily Pivot Point S1 1.1177
Daily Pivot Point S2 1.1155
Daily Pivot Point S3 1.1139
Daily Pivot Point R1 1.1216
Daily Pivot Point R2 1.1232
Daily Pivot Point R3 1.1254

 

 

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD: Bears struggle below 1.1700 amid oversold RSI

EUR/USD bears take a breather around fresh monthly low. Euro seesaws around the monthly low near 1.1690 amid a sluggish start to Thursday’s Asian session. The currency major pair struggles to extend the Fed-led fall as RSI conditions turn oversold. 

EUR/USD News

GBP/USD: Bears brace for July low ahead of BOE

GBP/USD bears keep controls around 1.3620 amid the initial Asian session on the Super Thursday, after refreshing the monthly low with 1.3609 due to the Fed tapering before a few hours. The cable pair’s recent fall broke an ascending support line from July, which in turn joins bearish MACD signals to hint at the quote’s further downside.

GBP/USD News

EUR/USD: Bears struggle below 1.1700 amid oversold RSI

EUR/USD bears take a breather around fresh monthly low. Euro seesaws around the monthly low near 1.1690 amid a sluggish start to Thursday’s Asian session. The currency major pair struggles to extend the Fed-led fall as RSI conditions turn oversold. 

EUR/USD News

XRP price bound for another dip before 40% rebound

Ripple price came down 20% since the beginning of this week. With some upside today, bulls stand to face a bull trap that could get quite painful. A better entry point at $0.78 looks to be more promising for bulls.

Read more

Powell Quick Analysis: Three hawkish points propel dollar, NFP critical to cement tapering

Powell surprised by signaling taper announcement could come in November. Tapering may end by mid-2022, opening the door to earlier rate hikes. Powell's comment on employment goal "all but met" is a significant hawkish shift. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures