On Friday. the EUR/USD pair logged its biggest single-day rise in four months, invalidating the bearish view put forward by the downside break of the trendline connecting the Nov. 13 and Dec. 14 low on Thursday. As of writing, the pair is trading at1.1412, having clocked a high of 1.1426 earlier today.
Hourly chart
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- The EUR/USD pair could revisit 1.1393 (200MA on 4H chart), as the relative strength index (RSI) on the hourly chart has diverged in favor of the bears.
Weekly chart
-636842517814171097.png)
- The 200-week moving average (MA) is the level to beat for the bears. As seen in the chart below, that moving average has proved a tough nut to crack since August 2011. As a result, only a convincing weekly close above that average, currently at 1.1323 could embolden the bears.
Trend: minor pullback likely
EUR/USD
Overview:
Today Last Price: 1.1415
Today Daily change: 0.0000 pips
Today Daily change %: 0.00%
Today Daily Open: 1.1415
Trends:
Daily SMA20: 1.1418
Daily SMA50: 1.139
Daily SMA100: 1.1451
Daily SMA200: 1.1579
Levels:
Previous Daily High: 1.1418
Previous Daily Low: 1.13
Previous Weekly High: 1.1418
Previous Weekly Low: 1.1289
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Daily Fibonacci 38.2%: 1.1373
Daily Fibonacci 61.8%: 1.1345
Daily Pivot Point S1: 1.1337
Daily Pivot Point S2: 1.1259
Daily Pivot Point S3: 1.1218
Daily Pivot Point R1: 1.1456
Daily Pivot Point R2: 1.1497
Daily Pivot Point R3: 1.1575
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