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.

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

 

Share: Feed news

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.

Recommended content


Recommended content

Editors’ Picks

EUR/USD extends gains above 1.0700, focus on key US data

EUR/USD extends gains above 1.0700, focus on key US data

EUR/USD meets fresh demand and rises toward  1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data. 

EUR/USD News

GBP/USD extends recovery above 1.2500, awaits US GDP data

GBP/USD extends recovery above 1.2500, awaits US GDP data

GBP/USD is catching a fresh bid wave, rising above 1.2500 in European trading on Thursday. The US Dollar resumes its corrective downside, as traders resort to repositioning ahead of the high-impact US advance GDP data for the first quarter. 

GBP/USD News

Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP

Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP

Gold price (XAU/USD) attracts some dip-buying in the vicinity of the $2,300 mark on Thursday and for now, seems to have snapped a three-day losing streak, though the upside potential seems limited. 

Gold News

Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. 

Read more

US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4

US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4

The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures