EUR/USD Technical Analysis: Set for a bounce to the upside on a sideways wedge from 1.1300


  • EUR/USD has again returned to a bearish intraday setup, running into resistance at the 50-period moving average on 5-minute candles with further intraday resistance capped at the 200-period MA at 1.1340; a break of this level could see the Fiber twist into another hesitant bull day.

EUR/USD, 5-Minute

  • Volatility plays over the past two weeks have left the pair with higher highs in the near-term, but plays towards the downside leave the Fiber strung out across the 200-period MA on higher timeframes as the middle ground on EUR/USD continues to open up with little directional bias baked in.

EUR/USD, 30-Minute

  • Looking further out on the 4-hour candlesticks, EUR/USD is primed for a break of a constraining sideways wedge as the Fiber continues to cycle around the 1.1300 handle.

EUR/USD, 4-Hour

EUR/USD

Overview:
    Today Last Price: 1.1325
    Today Daily change: -13 pips
    Today Daily change %: -0.115%
    Today Daily Open: 1.1338
Trends:
    Previous Daily SMA20: 1.1353
    Previous Daily SMA50: 1.1434
    Previous Daily SMA100: 1.1523
    Previous Daily SMA200: 1.1755
Levels:
    Previous Daily High: 1.1419
    Previous Daily Low: 1.1318
    Previous Weekly High: 1.1402
    Previous Weekly Low: 1.1267
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1357
    Previous Daily Fibonacci 61.8%: 1.138
    Previous Daily Pivot Point S1: 1.1298
    Previous Daily Pivot Point S2: 1.1258
    Previous Daily Pivot Point S3: 1.1197
    Previous Daily Pivot Point R1: 1.1398
    Previous Daily Pivot Point R2: 1.1459
    Previous Daily Pivot Point R3: 1.1499

 

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