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
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD: The first upside target is seen at the 1.0710–1.0715 region
The EUR/USD pair trades in positive territory for the fourth consecutive day near 1.0705 on Wednesday during the early European trading hours. The recovery of the major pair is bolstered by the downbeat US April PMI data, which weighs on the Greenback.
GBP/USD rises to near 1.2450 despite the bearish sentiment
GBP/USD has been on the rise for the second consecutive day, trading around 1.2450 in Asian trading on Wednesday. However, the pair is still below the pullback resistance at 1.2518, which coincides with the lower boundary of the descending triangle at 1.2510.
Gold price struggles to lure buyers amid positive risk tone, reduced Fed rate cut bets
Gold price lacks follow-through buying and is influenced by a combination of diverging forces. Easing geopolitical tensions continue to undermine demand for the safe-haven precious metal. Tuesday’s dismal US PMIs weigh on the USD and lend support ahead of the key US data.
Crypto community reacts as BRICS considers launching stablecoin for international trade settlement
BRICS is intensifying efforts to reduce its reliance on the US dollar after plans for its stablecoin effort surfaced online on Tuesday. Most people expect the stablecoin to be backed by gold, considering BRICS nations have been accumulating large holdings of the commodity.
US versus the Eurozone: Inflation divergence causes monetary desynchronization
Historically there is a very close correlation between changes in US Treasury yields and German Bund yields. This is relevant at the current juncture, considering that the recent hawkish twist in the tone of the Fed might continue to push US long-term interest rates higher and put upward pressure on bond yields in the Eurozone.