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EUR/USD Technical Analysis: Mission accomplished for bears as Euro hits 1.3227 this Friday

EUR/USD 4-hour chart

  • EUR/USD tumbled as low as 1.3227 this Friday missing Wednesday’s forecast by only 7 pips.
  • EUR/USD is trading below its main simple moving averages while its technical indicators are in bearish territories. The path of least resistance suggests a drop towards 1.2155, the 2018 low.
  • On the flip side, if bulls can bounce from the 1.1330 level, the next resistance to the upside is the 1.1430 level.  

Additional key levels

EUR/USD

Overview:
       Last Price:  1.1331
       Daily change:  -75  pips
       Daily change:  -0.658%
       Daily Open:  1.1406
Trends:
       Daily SMA20:  1.137
       Daily SMA50:  1.1494
       Daily SMA100:  1.1553
       Daily SMA200:  1.1797
Levels:
       Daily High:  1.1434
       Daily Low:  1.1381
       Weekly High:  1.142
       Weekly Low:  1.1216
       Monthly High:  1.1625
       Monthly Low:  1.1302
       Daily Fibonacci 38.2%:  1.1414
       Daily Fibonacci 61.8%:  1.1402
       Daily Pivot Point S1:  1.138
       Daily Pivot Point S2:  1.1354
       Daily Pivot Point S3:  1.1327
       Daily Pivot Point R1:  1.1433
       Daily Pivot Point R2:  1.1461
       Daily Pivot Point R3:  1.1487

 

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