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EUR/USD Technical Analysis: Next directional move favors the Euro bulls to 1.1500 target

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 100 and 200-day simple moving averages (SMAs).

EUR/USD 4-hour chart

  • EUR/USD is trading above its main SMAs suggesting bullish momentum in the medium-term.  

EUR/USD 30-minute chart

  • EUR/USD is trading above its main SMAs suggesting an upward bias.
  • Since last Friday EUR/USD bulls are in control and targets to the upside can be seen at 1.1470 and potentially up to 1.1500 if buyers gather enough steam.
  • To the downside, support can be expected at 1.1400 and the 1.1380 level. A daily close below 1.1380 would likely indicate a shift towards the bearish side.

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.1433
       Today Daily change:  5  pips
       Today Daily change %:  0.04%
       Today Daily Open:  1.1428
Trends:
       Daily SMA20:  1.1417
       Daily SMA50:  1.139
       Daily SMA100:  1.1449
       Daily SMA200:  1.1575
Levels:
       Previous Daily High:  1.1446
       Previous Daily Low:  1.139
       Previous Weekly High:  1.1418
       Previous Weekly Low:  1.1289
       Previous Monthly High:  1.1486
       Previous Monthly Low:  1.1269
       Daily Fibonacci 38.2%:  1.1424
       Daily Fibonacci 61.8%:  1.1411
       Daily Pivot Point S1:  1.1397
       Daily Pivot Point S2:  1.1366
       Daily Pivot Point S3:  1.1342
       Daily Pivot Point R1:  1.1452
       Daily Pivot Point R2:  1.1477
       Daily Pivot Point R3:  1.1508

 

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