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

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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