EUR/USD Technical Analysis: What about the triangle break ? - 1.1350 bull target

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading in a bear trend below the 50, 100 and 200-day simple moving averages.
EUR/USD broke below a triangle pattern.

EUR/USD 4-hour chart

While the market broke from a triangle on the daily chart, EUR/USD also found support at the November 28 low.

EUR/USD 30-minute chart

EUR/USD is most likely to correct the downside move by trading up to the 1.1350 resistance in the coming sessions.

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1299
    Today Daily change: -65 pips
    Today Daily change %: -0.572%
    Today Daily Open: 1.1364
Trends:
    Previous Daily SMA20: 1.1365
    Previous Daily SMA50: 1.1403
    Previous Daily SMA100: 1.1501
    Previous Daily SMA200: 1.1723
Levels:
    Previous Daily High: 1.1394
    Previous Daily Low: 1.1331
    Previous Weekly High: 1.1424
    Previous Weekly Low: 1.1311
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1355
    Previous Daily Fibonacci 61.8%: 1.137
    Previous Daily Pivot Point S1: 1.1332
    Previous Daily Pivot Point S2: 1.13
    Previous Daily Pivot Point S3: 1.127
    Previous Daily Pivot Point R1: 1.1395
    Previous Daily Pivot Point R2: 1.1426
    Previous Daily Pivot Point R3: 1.1457

Author

Flavio Tosti

Independent Analyst

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