|

EUR/USD technical anlysis: Fiber finds resistance at the 1.1263 level

  • EUR/USD is finding intraday resistance at the 1.1263 level.
  • The level to beat for bears is 1.1245 followed by 1.1220.

EUR/USD daily chart

EUR/USD is in a bear trend below the 1.1300 handle and its 200-day simple moving averages (DSMAs). The market is trading just above the 100 SMA.

EUR/USD 4-hour chart

EUR/USD is trading just below 1.1263 resistance and the 200 SMA. The level to beat for bears is seen at 1.1245 followed by 1.1220, according to the Technical Confluences Indicator.


EUR/USD 30-minute chart

EUR/USD found resistance below 1.1263 and the 100 SMAs. In case 1.1263 resistances gets broken to the upside the next resistance can be located at 1.1274 , according to the Technical Confluences Indicator.


Additional key levels

EUR/USD

Overview
Today last price1.1262
Today Daily Change0.0008
Today Daily Change %0.07
Today daily open1.1254
 
Trends
Daily SMA201.1296
Daily SMA501.1229
Daily SMA1001.1262
Daily SMA2001.1344
Levels
Previous Daily High1.1286
Previous Daily Low1.1245
Previous Weekly High1.1373
Previous Weekly Low1.1207
Previous Monthly High1.1414
Previous Monthly Low1.116
Daily Fibonacci 38.2%1.1271
Daily Fibonacci 61.8%1.1261
Daily Pivot Point S11.1237
Daily Pivot Point S21.122
Daily Pivot Point S31.1196
Daily Pivot Point R11.1279
Daily Pivot Point R21.1303
Daily Pivot Point R31.132

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

More from Flavio Tosti
Share:

Editor's Picks

EUR/USD keeps the offered stance just above 1.1700

EUR/USD is coming under heavy selling pressure in what has been a rather grim start to the new trading week, with the pair now trading close to the 1.1700 support area as the US Dollar stages a solid rebound. The prevailing flight to safety mood continues to favour the Greenback, as investors react to the escalating conflict in the Middle East and trim risk exposure across the board.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold trims losses, back below $5,400

Gold now surrenders part of the earlier advance past the $5,400 mark per troy ounce at the beginning of the week. Indeed, the precious metal’s strong uptick remains fuelled by increasing geopolitical tensions in the Middle East amid the intense demand for safer assets.

Bitcoin on brink of breakdown amid US-Iran war

Bitcoin (BTC) remains under pressure near the key support level of $65,700. Trading at $66,400 at the time of writing on Monday, a breakdown below this critical level would suggest a deeper correction ahead.

The Fed is finally talking about AI – Here's why it matters for the US Dollar

AI is moving from earnings calls into the heart of monetary policy discussions, forcing Federal Reserve officials to confront a new question: How to act if AI reshapes inflation, employment and interest rates at the same time?

Grass 20% bullish breakout defies broader market weakness

Grass (GRASS) is edging up above $0.30 at the time of writing on Monday. The token’s notable 20% intraday surge stands out amid heightened volatility in the broader crypto market.