Home EUR/USD Technical Analysis:  Bulls marching towards 1.1300 key resistance level as positive Brexit headlines help the Euro
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EUR/USD Technical Analysis:  Bulls marching towards 1.1300 key resistance level as positive Brexit headlines help the Euro

EUR/USD daily chart

  • EUR/USD found support at the bullish trendline from August 2017.

 

EUR/USD 4-hour chart

  • Euro bulls are very close to reaching the 1.1300 figure.  
  • The RSI is still in negative territories below 50, the MACD is crossing over from below and the Stochastic is rising from the oversold area.  
  • If 1.1300 is broken then a potential rise to 1.3153 November 5 low can be on the cards.

EUR/USD 30-minute chart

  • The 1.1300 level will most likely offer strong resistance.  
  • Bears see 1.1300 as an opportunity to short.  
  • A pullback to 1.1250 can be an opportunity for bulls to join the potential bull trend.  

 

Additional key levels at a glance:

EUR/USD

Overview:
       Last Price:  1.1287
       Daily change:  53  pips
       Daily change:  0.472%
       Daily Open:  1.1234
Trends:
       Daily SMA20:  1.1408
       Daily SMA50:  1.1532
       Daily SMA100:  1.1574
       Daily SMA200:  1.1835
Levels:
       Daily High:  1.1334
       Daily Low:  1.1234
       Weekly High:  1.15
       Weekly Low:  1.1316
       Monthly High:  1.1625
       Monthly Low:  1.1302
       Daily Fibonacci 38.2%:  1.1272
       Daily Fibonacci 61.8%:  1.1295
       Daily Pivot Point S1:  1.12
       Daily Pivot Point S2:  1.1167
       Daily Pivot Point S3:  1.11
       Daily Pivot Point R1:  1.13
       Daily Pivot Point R2:  1.1367
       Daily Pivot Point R3:  1.14

 

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