EUR/USD Technical Analysis: Remaining upright from the 1.1300 zone

The Euro heads into Wednesday's market session towards the low end, and intraday barriers sit on either side of EUR/USD at yesterday's low of 1.1306, with intraday resistance sitting at the 38.2% Fibo retracement level of 1.1342.

Joshua Gibson FXStreet

EUR/USD, 5-Minute

The near-term sees the EUR/USD pair testing support at the 1.1300 major handle, and the pair routinely undergoes rapid rises and falls, largely owing to USD flows from the early US trading window.

EUR/USD, 30-Minute

Looking further out, the EUR/USD pairing sees a constraining pattern forming on 4-hour candlesticks, and swing traders will be looking for a break-and-retest of either boundary before loading into further positions, and the Fiber is likely to remain middling heading into the Christmas season.

EUR/USD, 4-Hour

EUR/USD

Overview:
    Today Last Price: 1.1323
    Today Daily change: -5.0 pips
    Today Daily change %: -0.0441%
    Today Daily Open: 1.1328
Trends:
    Previous Daily SMA20: 1.1361
    Previous Daily SMA50: 1.1409
    Previous Daily SMA100: 1.1508
    Previous Daily SMA200: 1.1733
Levels:
    Previous Daily High: 1.14
    Previous Daily Low: 1.1306
    Previous Weekly High: 1.1424
    Previous Weekly Low: 1.1311
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1342
    Previous Daily Fibonacci 61.8%: 1.1365
    Previous Daily Pivot Point S1: 1.1289
    Previous Daily Pivot Point S2: 1.1251
    Previous Daily Pivot Point S3: 1.1195
    Previous Daily Pivot Point R1: 1.1383
    Previous Daily Pivot Point R2: 1.1439
    Previous Daily Pivot Point R3: 1.1477

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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