The EUR/USD pair’s hourly chart is showing a bull flag breakout – a bullish continuation pattern – which represents a resumption of the rally seen before the pause.
Hourly chart
-636825990006489648.png)
- The flag breakout validates has opened up upside towards 1.1591 (target as per the measured move method). Essentially, prospects of a bullish end of the day close above the 100-day moving average (MA) of 1.1477 have improved, courtesy of the flag breakout.
- The major moving averages (50, 100, and 200) are trending north, indicating a bullish setup.
Tend: Bullish
EUR/USD
Overview:
Today Last Price: 1.1455
Today Daily change: 15 pips
Today Daily change %: 0.131%
Today Daily Open: 1.144
Trends:
Previous Daily SMA20: 1.1399
Previous Daily SMA50: 1.1376
Previous Daily SMA100: 1.1479
Previous Daily SMA200: 1.1639
Levels:
Previous Daily High: 1.1486
Previous Daily Low: 1.1422
Previous Weekly High: 1.1586
Previous Weekly Low: 1.1309
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Previous Daily Fibonacci 38.2%: 1.1446
Previous Daily Fibonacci 61.8%: 1.1461
Previous Daily Pivot Point S1: 1.1413
Previous Daily Pivot Point S2: 1.1386
Previous Daily Pivot Point S3: 1.135
Previous Daily Pivot Point R1: 1.1477
Previous Daily Pivot Point R2: 1.1513
Previous Daily Pivot Point R3: 1.154
Share
