- The Euro is making halting progress against the US Dollar, but the upside remains constrained by near-term resistance from 1.1540.
- This week's action has seen a rising trendline form a bullish wedge into resistance, and buyers will be looking to haul the EUR/USD over the key level in an effort to target 1.16 again.
- Bearish swings are keeping the pair from a smooth transition, but the Greenback could be set for a swing lower.
EUR/USD
Overview:
Last Price: 1.1536
Daily change: 15 pips
Daily change: 0.130%
Daily Open: 1.1521
Trends:
Daily SMA20: 1.1625
Daily SMA50: 1.1585
Daily SMA100: 1.163
Daily SMA200: 1.1925
Levels:
Daily High: 1.1546
Daily Low: 1.148
Weekly High: 1.1625
Weekly Low: 1.1464
Monthly High: 1.1816
Monthly Low: 1.1464
Daily Fibonacci 38.2%: 1.1521
Daily Fibonacci 61.8%: 1.1505
Daily Pivot Point S1: 1.1485
Daily Pivot Point S2: 1.1449
Daily Pivot Point S3: 1.1419
Daily Pivot Point R1: 1.1552
Daily Pivot Point R2: 1.1582
Daily Pivot Point R3: 1.1618
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