Home EUR/USD Technical Analysis: Sideways corkscrew around 1.1350 to continue into the year-end
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EUR/USD Technical Analysis: Sideways corkscrew around 1.1350 to continue into the year-end

  • As the greenback waffles against broader markets, EUR/USD sees some much-needed support into intraday highs, but the pair is currently knocking into the 61.8% Fibonacci expansion level at 1.1390, which could see the pair struggle to develop further gains, with further resistance from the 100.0 level at 1.1415.

EUR/USD, 5-Minute

  • Frequent spikes into the 1.1400 region over recent weeks have routinely failed to generate lasting bullish momentum, leaving EUR/USD to continue spiraling in the 1.1425 – 1.1275 channel.

EUR/USD, 30-Minute

  • With EUR/USD tending towards the middle heading into the Christmas holiday, clear-cut moves into a new trend are unlikely until market volumes return in January, leaving the Fiber to return to the mean over time.

EUR/USD, 4-Hour

EUR/USD

Overview:
       Today Last Price:  1.1384
       Today Daily change:  20  pips
       Today Daily change %:  0.176%
       Today Daily Open:  1.1364
Trends:
       Previous Daily SMA20:  1.1354
       Previous Daily SMA50:  1.1394
       Previous Daily SMA100:  1.1491
       Previous Daily SMA200:  1.1708
Levels:
       Previous Daily High:  1.1404
       Previous Daily Low:  1.1337
       Previous Weekly High:  1.1444
       Previous Weekly Low:  1.1269
       Previous Monthly High:  1.15
       Previous Monthly Low:  1.1216
       Previous Daily Fibonacci 38.2%:  1.1378
       Previous Daily Fibonacci 61.8%:  1.1362
       Previous Daily Pivot Point S1:  1.1332
       Previous Daily Pivot Point S2:  1.1301
       Previous Daily Pivot Point S3:  1.1265
       Previous Daily Pivot Point R1:  1.1399
       Previous Daily Pivot Point R2:  1.1435
       Previous Daily Pivot Point R3:  1.1466

 

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