EUR/USD Technical Analysis: Strangling just above 1.1400

The EUR/USD is marking out territory near 1.1430 after slipping down from Wednesday's peak at the 1.1500 major technical handle; Thursday's early intraday action has priced in a soft floor near 1.1420 in the runup to the end-week.
EUR/USD analysis: retreats from 1.1500 but poised to keep advancing

Joshua Gibson FXStreet

EUR/USD M5

Hourly candles have the Fiber making rough plays for higher ground, but bullish moves are getting rejected by stiff shortselling from critical levels, and buyers will be hoping to keep the EUR/USD in play above the 200-hour moving average near 1.1390.

EUR/USD H1

The past two months show the EUR/USD struggling to make a bullish recovery, clipping into lower lows following a decline from late September's peak of 1.1815, and buyers are facing a rejection from the 200-period moving average, and the 50-period moving average is looking like thin support from 1.1415.

EUR/USD H4

EUR/USD

Overview:
    Last Price: 1.1434
    Daily change: -5.0 pips
    Daily change: -0.0437%
    Daily Open: 1.1439
Trends:
    Daily SMA20: 1.1449
    Daily SMA50: 1.1552
    Daily SMA100: 1.1584
    Daily SMA200: 1.1852
Levels:
    Daily High: 1.15
    Daily Low: 1.1395
    Weekly High: 1.1456
    Weekly Low: 1.1302
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.146
    Daily Fibonacci 61.8%: 1.1435
    Daily Pivot Point S1: 1.1389
    Daily Pivot Point S2: 1.1339
    Daily Pivot Point S3: 1.1284
    Daily Pivot Point R1: 1.1495
    Daily Pivot Point R2: 1.155
    Daily Pivot Point R3: 1.16

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.

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.