EUR/USD Technical Analysis: Next directional move favors the Euro bulls to 1.1500 target


EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 100 and 200-day simple moving averages (SMAs).

EUR/USD 4-hour chart

  • EUR/USD is trading above its main SMAs suggesting bullish momentum in the medium-term. 

EUR/USD 30-minute chart

  • EUR/USD is trading above its main SMAs suggesting an upward bias.
  • Since last Friday EUR/USD bulls are in control and targets to the upside can be seen at 1.1470 and potentially up to 1.1500 if buyers gather enough steam.
  • To the downside, support can be expected at 1.1400 and the 1.1380 level. A daily close below 1.1380 would likely indicate a shift towards the bearish side.

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1433
    Today Daily change: 5 pips
    Today Daily change %: 0.04%
    Today Daily Open: 1.1428
Trends:
    Daily SMA20: 1.1417
    Daily SMA50: 1.139
    Daily SMA100: 1.1449
    Daily SMA200: 1.1575
Levels:
    Previous Daily High: 1.1446
    Previous Daily Low: 1.139
    Previous Weekly High: 1.1418
    Previous Weekly Low: 1.1289
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Daily Fibonacci 38.2%: 1.1424
    Daily Fibonacci 61.8%: 1.1411
    Daily Pivot Point S1: 1.1397
    Daily Pivot Point S2: 1.1366
    Daily Pivot Point S3: 1.1342
    Daily Pivot Point R1: 1.1452
    Daily Pivot Point R2: 1.1477
    Daily Pivot Point R3: 1.1508

 

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