Home EUR/USD Technical Analysis: Euro bulls recovering some lost ground as 1.1300 is back on the radar
FXStreet News

EUR/USD Technical Analysis: Euro bulls recovering some lost ground as 1.1300 is back on the radar

  • EUR/USD is trading in a bear trend below the 200-period simple moving average.
  • EUR/USD is having a pullback up after the recent fall from the 1.1500 level. Technical indicators are still in negative territories but are getting out of the ovesold condition, suggesting potential gains ahead.  
  • EUR/USD bulls objective is to reclaim the 1.1300 figure.

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1300 figure
Resistance 2:   1.1350 figure
Resistance 3:   1.1400 figure
Resistance 4:   1.1430 October 9 low
Resistance 5:   1.1470 Asian high (Nov.7)  

Support 1:   1.1215 November 12 low
Support 2:   1.1200 figure
Support 3:   1.1104 June 6, 2017 low

Additional key levels at a glance:

EUR/USD

Overview:
       Last Price:  1.1261
       Daily change:  27  pips
       Daily change:  0.240%
       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

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.