EUR/USD Technical Analysis: Nearing the top end of a sideways channel at 1.1480

EUR/USD is pinned into the high side near 1.1450 as the US Dollar continues to flag against its major peers on the heels of a broad-market sentiment recovery that sparked on Thursday, driving the Fiber up 100-someodd pips and into a new near-term trading range.

Joshua Gibson FXStreet

EUR/USD, 5-Minute

Key resistance formed over the last two weeks at the 1.1490 peak, which could wind up capping any bullish extensions heading into the weekend with technical indicators beginning to threaten to rollover into sell signals.

EUR/USD, 30-Minute

The medium-term highlights the Fiber's sideways pattern, and a rejection from the key 1.1480 region will see EUR/USD turn around and head straight back into lows near 1.1275.

EUR/USD, 4-Hour

EUR/USD

Overview:
    Today Last Price: 1.1458
    Today Daily change: 18 pips
    Today Daily change %: 0.157%
    Today Daily Open: 1.144
Trends:
    Previous Daily SMA20: 1.1369
    Previous Daily SMA50: 1.1374
    Previous Daily SMA100: 1.1478
    Previous Daily SMA200: 1.1675
Levels:
    Previous Daily High: 1.1454
    Previous Daily Low: 1.1348
    Previous Weekly High: 1.1486
    Previous Weekly Low: 1.1302
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1414
    Previous Daily Fibonacci 61.8%: 1.1389
    Previous Daily Pivot Point S1: 1.1374
    Previous Daily Pivot Point S2: 1.1308
    Previous Daily Pivot Point S3: 1.1268
    Previous Daily Pivot Point R1: 1.148
    Previous Daily Pivot Point R2: 1.152
    Previous Daily Pivot Point R3: 1.1586

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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