EUR/USD Technical Analysis: The battle for 1.1400 figure has begun - 1.1350 short-term bear target


EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA).
  • EUR/USD is finding resistance below the 50 SMA and near 1.1400 figure.
  • Stochastic is turning bearish although near the 50 line.

EUR/USD 4-hour chart

  • Bulls are trying to break above the 1.1400 figure. They are also trying to keep the market above the 200 SMA. 
  • Bulls have strong resistances ahead with 1.1430 and 1.1473 levels. 

EUR/USD 30-minute chart

  • Bulls met strong resistance at 1.1400 and bears will not likely give up the level so easily. 
  • In the short-term, it is more likely that the market will pullback to 1.1350 and possibly to 1.1320 if bears gather enough momentum.

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1396
    Today Daily change: 51 pips
    Today Daily change %: 0.450%
    Today Daily Open: 1.1345
Trends:
    Previous Daily SMA20: 1.1357
    Previous Daily SMA50: 1.1443
    Previous Daily SMA100: 1.1527
    Previous Daily SMA200: 1.176
Levels:
    Previous Daily High: 1.1382
    Previous Daily Low: 1.132
    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%: 1.1343
    Previous Daily Fibonacci 61.8%: 1.1358
    Previous Daily Pivot Point S1: 1.1316
    Previous Daily Pivot Point S2: 1.1287
    Previous Daily Pivot Point S3: 1.1254
    Previous Daily Pivot Point R1: 1.1378
    Previous Daily Pivot Point R2: 1.1411
    Previous Daily Pivot Point R3: 1.144

 

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