Home EUR/USD Technical Analysis: Room for the continuation of the sideline theme in the near term
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EUR/USD Technical Analysis: Room for the continuation of the sideline theme in the near term

  • The pair continues its multi-session rangebound pattern following another rejection from recent tops in levels above the key 1.1600 handle .
  • The pair gained some extra downside pressure after breaking below the 100-hour SMA, today at 1.1575, while the initial support aligns at the 10-day SMA at 1.1542.
  • A deeper pullback should see October’s low at 1.1430 retested ahead of the critical 200-week SMA, today at 1.1323.

EUR/USD daily chart

 

 

 

 

 

 

 

 

EUR/USD

Overview:
       Last Price:  1.1564
       Daily change:  -10  pips
       Daily change:  -0.0864%
       Daily Open:  1.1574
Trends:
       Daily SMA20:  1.1608
       Daily SMA50:  1.1586
       Daily SMA100:  1.1628
       Daily SMA200:  1.1916
Levels:
       Daily High:  1.1622
       Daily Low:  1.1565
       Weekly High:  1.1611
       Weekly Low:  1.143
       Monthly High:  1.1816
       Monthly Low:  1.143
       Daily Fibonacci 38.2%:  1.1587
       Daily Fibonacci 61.8%:  1.16
       Daily Pivot Point S1:  1.1552
       Daily Pivot Point S2:  1.153
       Daily Pivot Point S3:  1.1495
       Daily Pivot Point R1:  1.1609
       Daily Pivot Point R2:  1.1644
       Daily Pivot Point R3:  1.1666

 

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