Home EUR/USD technical analysis: Fiber trapped in a tight trading range  near 1.1400 handle
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EUR/USD technical analysis: Fiber trapped in a tight trading range  near 1.1400 handle

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  • EUR/USD is in consolidating mode in the near term.
  • The main supports are located at 1.1340 and 1.1310.

EUR/USD daily chart

EUR/USD is trading above its main daily simple moving averages (DSMAs) suggesting that the bear trend might be at risk.


EUR/USD 4-hour chart

The market is consolidating in a tight range between 1.1340 and 1.1400 figure. If sellers break 1.1340, the next support can be at 1.1310, according to the Technical Confluences Indicator.


EUR/USD 30-minute chart

EUR/USD is weakening below 1.1380 resistance and its 200 SMA  suggesting a potential retracement down in the short term. Resistances are at the 1.1380 level and 1.1400 figure, according to the Technical Confluences Indicator.

Additional key levels

 

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