EUR/USD Technical Analysis: Sticking above 1.1400 for now

The EUR/USD has seen a notable pickup in volatility over the past twenty-four hours, but directional bias for the pair remains slim heading into Thursday as the Euro's whipping on US mid-term elections leaves both sides of the ask line in the lurch.
EUR/USD Forecast: 3 drivers to watch after the Dems' win boosts the pair

Joshua Gibson FXStreet

EUR/USD M5

This week sees the Fiber trying to make a bullish run, but so far has remained capped by last Friday's peaks as overzealous bidders get faded back down to last week's late peaks around 1.1450.

EUR/USD M15

Looking further out, the Fiber has managed to clear out some room above from the last swing low into the 1.1300 handle, but moves higher are seeing significant pushback, and buyers will have to rely on support from the 200-hour moving average near 1.1385, and a possible dip back below 1.1400 isn't out of the question for the mid-week.

EUR/USD H1

EUR/USD

Overview:
    Last Price: 1.1443
    Daily change: 25 pips
    Daily change: 0.219%
    Daily Open: 1.1418
Trends:
    Daily SMA20: 1.1453
    Daily SMA50: 1.1557
    Daily SMA100: 1.1586
    Daily SMA200: 1.1857
Levels:
    Daily High: 1.1438
    Daily Low: 1.1392
    Weekly High: 1.1456
    Weekly Low: 1.1302
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.142
    Daily Fibonacci 61.8%: 1.1409
    Daily Pivot Point S1: 1.1394
    Daily Pivot Point S2: 1.1369
    Daily Pivot Point S3: 1.1347
    Daily Pivot Point R1: 1.144
    Daily Pivot Point R2: 1.1462
    Daily Pivot Point R3: 1.1487

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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