Home EUR/USD Technical Analysis: The battle for 1.1400 figure has begun – 1.1350 short-term bear target
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EUR/USD Technical Analysis: The battle for 1.1400 figure has begun – 1.1350 short-term bear target

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA).
  • EUR/USD is finding resistance below the 50 SMA and near 1.1400 figure.
  • Stochastic is turning bearish although near the 50 line.

EUR/USD 4-hour chart

  • Bulls are trying to break above the 1.1400 figure. They are also trying to keep the market above the 200 SMA.  
  • Bulls have strong resistances ahead with 1.1430 and 1.1473 levels.  

EUR/USD 30-minute chart

  • Bulls met strong resistance at 1.1400 and bears will not likely give up the level so easily.  
  • In the short-term, it is more likely that the market will pullback to 1.1350 and possibly to 1.1320 if  bears gather enough momentum.

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.1396
       Today Daily change:  51  pips
       Today Daily change %:  0.450%
       Today Daily Open:  1.1345
Trends:
       Previous Daily SMA20:  1.1357
       Previous Daily SMA50:  1.1443
       Previous Daily SMA100:  1.1527
       Previous Daily SMA200:  1.176
Levels:
       Previous Daily High:  1.1382
       Previous Daily Low:  1.132
       Previous Weekly High:  1.1402
       Previous Weekly Low:  1.1267
       Previous Monthly High:  1.15
       Previous Monthly Low:  1.1216
       Previous Daily Fibonacci 38.2%:  1.1343
       Previous Daily Fibonacci 61.8%:  1.1358
       Previous Daily Pivot Point S1:  1.1316
       Previous Daily Pivot Point S2:  1.1287
       Previous Daily Pivot Point S3:  1.1254
       Previous Daily Pivot Point R1:  1.1378
       Previous Daily Pivot Point R2:  1.1411
       Previous Daily Pivot Point R3:  1.144

 

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