EUR/USD Technical Analysis: Stuck to 1.1350 as buyers roll over

The short-term EUR/USD chart shows the pair slipping into fresh lows as market flows reverse direction back into the US Dollar, taking the EUR/USD back into lows at the 1.1350 critical level.
EUR/USD Forecast: Bearish trend back in play on hawkish Fed/Italy

Joshua Gibson FXStreet

EUR/USD M5

Hourly candles have the Fiber breaking down from a near-term rising HL/HH pattern, and the EUR/USD is threatening to get caught in a bearish trap on the south end of the 200-hour moving average.

EUR/USD H1

Looking further back, the EUR/USD is still in a firmly-established bearish trend, and the Fiber is set to fall back under the last major low at the 1.1300 handle.

EUR/USD H4

EUR/USD

Overview:
    Last Price: 1.1349
    Daily change: -12 pips
    Daily change: -0.106%
    Daily Open: 1.1361
Trends:
    Daily SMA20: 1.1437
    Daily SMA50: 1.1546
    Daily SMA100: 1.1582
    Daily SMA200: 1.1847
Levels:
    Daily High: 1.1447
    Daily Low: 1.1352
    Weekly High: 1.1456
    Weekly Low: 1.1302
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1388
    Daily Fibonacci 61.8%: 1.1411
    Daily Pivot Point S1: 1.1326
    Daily Pivot Point S2: 1.1291
    Daily Pivot Point S3: 1.1231
    Daily Pivot Point R1: 1.1421
    Daily Pivot Point R2: 1.1482
    Daily Pivot Point R3: 1.1517

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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