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.

Flavio Tosti Independent Analyst

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 price	1.1262
Today Daily Change	0.0008
Today Daily Change %	0.07
Today daily open	1.1254

Trends
Daily SMA20	1.1296
Daily SMA50	1.1229
Daily SMA100	1.1262
Daily SMA200	1.1344

Levels
Previous Daily High	1.1286
Previous Daily Low	1.1245
Previous Weekly High	1.1373
Previous Weekly Low	1.1207
Previous Monthly High	1.1414
Previous Monthly Low	1.116
Daily Fibonacci 38.2%	1.1271
Daily Fibonacci 61.8%	1.1261
Daily Pivot Point S1	1.1237
Daily Pivot Point S2	1.122
Daily Pivot Point S3	1.1196
Daily Pivot Point R1	1.1279
Daily Pivot Point R2	1.1303
Daily Pivot Point R3	1.132

Author

Flavio Tosti

Independent Analyst

EUR/USD rebounds from session lows, stays below 1.1650

EUR/USD is recovers modestly from session lows but remains in the red below 1.1650 in European trading on Thursday. The pair faces headwinds from a renewed uptick in the US Dollar amid a negative shift in risk sentiment. Surging energy prices due to the Middle East war keep the bearish pressure intact on the Euro. The US Jobless Claims data are next of note.

GBP/USD stays weak near 1.3350 amid UK stagflation risks

GBP/USD sticks to losses near 1.3350 in the European session on Thursday. The Pound Sterling loses ground amid fears that the United Kingdom economy could face stagflation risks due to higher energy prices, while the US Dollar attracts fresh havem demand ahead of the US Jobless Claims data.

Gold climbs near $5,200 as Iran war fuels safe-haven demand

Gold price extends its gains for the second successive session on Thursday as traders seek safety amid the ongoing war in the Middle East. US and Israeli strikes across Iranian territory and widespread Iranian missile and drone retaliation across the Middle East, including attacks on regional targets and military sites, prolong the crisis and its impact.

Three reasons to be bearish on Bitcoin

Bitcoin is holding up well taking into account the uncertainty stemming from the Middle East. Despite this week’s rally, the long-term outlook remains bearish. Here are three reasons why I think the storm for the largest cryptocurrency isn't over yet.

Markets attempt to rally on positive news from Iran

There’s been an abrupt change in sentiment this morning, European stock markets are higher and oil and gas prices are moderating, after comments from Iran’s deputy minister about pre-conflict talks between Iran and the US.

Cardano Price Analysis: Approaches key trendline amid bearish sentiment

Cardano (ADA) price is approaching its descending trendline around $0.28 at the time of writing, set to shape the next directional move. The derivatives metrics paint a bearish picture, with ADA’s Open Interest continuing to fall and short bets rising among traders.